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Booker Agrees to Merge with Tesco, H&M Drops on Inventory Worries

Sarla Buch
30 Mar, 2017
New York City

Booker agreed to be acquired by Tesco for

Westinghouse Files for Chapter 11, Vertex Surge on Positive Phase 3 Trial

Mukesh Buch
29 Mar, 2017
New York City

Paychex profit surged after improved segment revenues. Secureworks net loss narrowed after 26% jump in revenues. Westinghouse owned by Toshiba filed for bankruptcy protection. UniFirst revenues jumped. Verint net plunged. Vertex Pharma surged after positive phase 3 trial.

EU Blocks LSE and Deutsche Boerse Merger, TUI Reaffirms Outlook

Sarla Buch
29 Mar, 2017
New York City

The EU blocked

Amazon Acquires Middle East Rival, Darden Buys Southern Chain Cheddar

Mukesh Buch
28 Mar, 2017
New York City

Amazon agreed to buy Dubai-based Souq.com for $800 million. At Home net tumbled. Carnival lifted fiscal outlook. Darden agreed to acquire Cheddar

AA Profit Jumps on Cost Control, Cobham Rights Issue at 41% Discount

Sarla Buch
28 Mar, 2017
New York City

Roadside assistance provider AA raised dividend after pretax profit jumped and membership rose for the first time in nine years. Evotec revenues surged. Ladbrokes net swung to a loss on impairment charges. Tesco agreed to pay fine. Wolseley to exit from Nordics.

The EU Clears Dow, Du Pont Merger; G-III Apparel Plunges 13%

Mukesh Buch
27 Mar, 2017
New York City

Cal-Maine Foods revenues dropped 32% as egg prices skid. The European Commission approved Dow and Du Pont merger. G-III Apparel lifted first-quarter forecast. Gazit Globe net surged 39%. Zynerba Pharma net loss widened.

Ofcom Imposes Record Fine on BT, Indian Parts Maker Buys PKC

Sarla Buch
27 Mar, 2017
New York City

Accor is in talk to acquire Potel & Chabot for

GameStop, Finish Line Plunge Highlight Retailer Woes; REX Rebounds

Mukesh Buch
24 Mar, 2017
New York City

Basic Energy net loss widened after the oil driller emerged from prepackaged bankruptcy. Finish Line net swung to a loss. GameStop plunged after revenues declined. KB Home net jumped 9%. Micron Technology net swung to profit and revenues soared 58%. REX American net surged.

Telecom Italia Net Swing to Profit, IG Design Lifts Profit Outlook

Sarla Buch
24 Mar, 2017
New York City

Celyad net loss narrowed after revenues surged. IG Design estimated to achieve record revenues in the year. Smiths Group profit more than doubled. Telecom Italia net swung to profit and the parent Vivendi plans to separate its broadband network.

Accenture Rides Cloud Wave, Scholastic Loss Widens

Mukesh Buch
23 Mar, 2017
New York City

Accenture net plunged on higher costs but revenues jumped. Conagra Brands net tumbled 12%. Commercial Metals net soared on 8% jump in revenues. Cintas profit rose. Five Below net and revenues soared. PVH net declined 25% on flat revenues. Scholastic net loss widened.

Kier New Order Soars, U.K. Retailer Next Offers Cautious Outlook

Sarla Buch
23 Mar, 2017
New York City

BASF agreed to sell its leather chemicals assets to Stahl. IG Group said revenues in the third-quarter fell 4%. Ithaca Energy net loss narrowed. Kier profit surged and infrastructure developer booked new orders worth

With Future in Doubt Sears Plunges 15%, FedEx Net Jumps 11%

Mukesh Buch
22 Mar, 2017
New York City

Actuant net in the second-quarter swung to profit and reaffirmed revenues forecast. Bebe stores plans to close all retail stores but continue online operations and avoid bankruptcy filing. FedEx reaffirmed earnings forecast. Perry Ellis net swung to profit. Winnebago net soared.

Akzo Rejects Revised PPG Offer, Kingfisher Net Surges

Sarla Buch
22 Mar, 2017
New York City

Akzo Nobel rejected second unsolicited proposal of

Lennar Reports Strong Gains in Order Backlog, General Mills Sales Drop

Mukesh Buch
21 Mar, 2017
New York City

Beasley Broadcast revenues surged on an acquisition. General Mills lowered sales outlook and said sales suffered in North American retail segment. Lennar reported strong backlog of orders. Lands'' End net loss widened.

BMW and Porsche Report Strong Results, Deutsche Wohnen Net Soars

Sarla Buch
21 Mar, 2017
New York City

BMW net jumped 8% and said Brexit plan will determine the future of its operations in the U.K. Coca-Cola European Partners net jumped 7%. Deutsche Wohnen net surged and expects property values to jump in 2017. Fuchs Petrolub net soared. Porsche net swung to profit to

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