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LVMH Report Strong Gain in Sales, JD Sports Lifts Outlook

Sarla Buch
11 Apr, 2017
New York City

Givaudan said sales in the first-quarter soared 8% on improved sales in fragrances and flavors divisions. JD Sports net surged 83% on 31% jump in revenues and athletic retailer lifted full-year profit forecast. LVMH said revenues in the first-quarter surged 15%.

Swift and Knight in $6 B Merger Deal, Toyota to Expand Production in Kentucky

Mukesh Buch
10 Apr, 2017
New York City

AT&T agreed to buy Straight Path for $1.6 billion. Aspen and KSL Capital intend to buy Intrawest Resorts for $1.5 billion. Swift Transportation and Knight Transportation agreed to merge. Toyota said it plans to invest $1.3 billion and expand production at Kentucky plant.

STADA Receives Private Equity Offer, BrewDog Valued at

Sarla Buch
10 Apr, 2017
New York City

BrewDog, the craft brewery, was valued

Twitter Co-founder Williams to Reduce Stake, WD 40 Net Drops 10%

Mukesh Buch
07 Apr, 2017
New York City

Griffin Industrial Realty said net loss in the first-quarter widened. Haverty Furniture sales advanced 3%. Intec Pharma net loss widened. PriceSmart profit jumped and retailer said sales in March rose 5.3%. Co-founder of Twitter plans to sell his stake of 30%. WD-40 net declined 10%.

Galenica Sante IPO Raised 1.9 B Francs, Vivendi Settles U.S. Litigation

Sarla Buch
07 Apr, 2017
New York City

BillerudKorsnas estimate weak operating profit. Galenica Sante surged 9% and raised 1.9 billion francs in initial public offering. Lloyds Banking said it had set aside

Bezos Sells $1 B Amazon Stake a Year to Finance Space Venture

Mukesh Buch
06 Apr, 2017
New York City

Jeff Bezos said the sale of $1 billion Amazon stock every year is financing his space venture. Constellation Brands net surged 86%. CarMax net surged. Fred''''s net loss widened. Hooker Furniture net surged. Lamb Weston net plunged 22%. MSC Direct net jumped 8%. RPM Intl net tumbled.

Unilever Restructures to Juice Returns, Henkel Offers Optimistic Outlook

Sarla Buch
06 Apr, 2017
New York City

BTG reaffirmed upper end of revenue forecast. Co-op Group net swung to a loss and wrote down stake in bank. Electrocomponents profit jumped on 5% increase in revenues. Henkel forecasted improving outlook. Unilever said it merges two food business units to improve margins and cut costs.

Panera Bread in $7.5 B LBO Deal; Monsanto, Walgreens Net Soar

Mukesh Buch
05 Apr, 2017
New York City

Schulman net swung to profit. Greenbrier revenues plunged 15%. Monsanto profit and revenues surged. Panera Bread agreed to be acquired by JAB Holding for $7.5 billion. Staples is looking for a buyer. Walgreens net jumped 14%.

Galliford Rejects Bovis Deal, Syngenta Merger Won EU and U.S. Approvals

Sarla Buch
05 Apr, 2017
New York City

Allied Minds to book write-down and cuts the funding for seven subsidiaries. Galliford Try rejected

Boeing Signed Iran Deal, HP Enterprise Lowered Outlook

Mukesh Buch
04 Apr, 2017
New York City

Acuity Brands tumbled on weak second-quarter result. Conn`s surged on improved forecast. Boeing signed a deal to sell 30 737 Max single-aisle planes to an Iranian airline. CIT completed the sale of 30% stake in two aviation business. Hewlett Packard Entp lowered earnings forecast.

ASOS Lifted Outlook, ABB Agrees to Buy B&R

Sarla Buch
04 Apr, 2017
New York City

The fast growing UK. Based online retailer ASOS lifted sales forecast. ABB agreed to acquire automation company Bernecker & Rainer. BNP Paribas agreed to buy domestic online payment services provider. Elior agreed to acquire Lancer Hospitality. Toshiba plans to buy 40% stake in Engie.

U.S. Auto Sales Growth Halts After A Decade-Long Rise, Tesla Sales Surge

Mukesh Buch
03 Apr, 2017
New York City

Apple terminated its contract with the U.K.-based video chip supplier Imagination Technologies. Fiat Chrysler U.S. auto sales in March dropped 5%, Ford sales plummeted 7.2% but General Motors sales increased 1.6%. Tesla first-quarter sales surged 69%.

Atkins Surges on SNC Offer, Imagination Plunges After Apple Terminates Deal

Sarla Buch
03 Apr, 2017
New York City

WS Atkins received

DuPont in asset-swap deal with FMC, BlackBerry Soars with Profit on Horizon

Mukesh Buch
31 Mar, 2017
New York City

BlackBerry soared after net loss narrowed and said the company is expected to be profitable on an adjusted GAAP basis. Du Pont is in asset-swap deal with FMC Corp. Eagle Bulk Shipping said net loss widened. Silver Lake Partners and Broadcom offered $18 billion for chip unit of Toshiba.

DAX Leads First Quarter Gains Europe, J&J Bids for Actelion

Sarla Buch
31 Mar, 2017
New York City

Actelion received tender offer from Johnson & Johnson. Danone said it will sell its U.S. subsidiary Stonyfield to meet the regulatory requirements fo WhiteWave foods purchase. DX Group is in talks to acquire John Menzie. Phoenix Solar lifted revenue forecast.

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