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Goldman Sachs Beats Estimates, UnitedHealth Lifts Fiscal Outlook

Mukesh Buch
17 Apr, 2018
New York City

Comerica profit beats earnings estimates. Goldman Sachs reported strong quarterly profit and revenues. Johnson & Johnson profit fell but revenues jumped 13%. Northern Trust net surged. UnitedHealth lifted earnings outlook.

Bayer Sells Stake to Singapore, Intesa SanPaolo Sells Debt Collection Unit

Sarla Buch
17 Apr, 2018
New York City

Bayer sell 3.6% stake to Singapore state owned Temasek. Breedon Group agreed to acquire Ireland-based rival Lagan Group. Casino Guichard sales lifted by Latin America. Intrum Justitia and Intesa SanPaolo in

Pebblebrook Lifted LaSalle Offer, BofA Reports Record Profit

Mukesh Buch
16 Apr, 2018
New York City

Bank of America reported record profit lifted by consumer banking business. Icahn Entp agreed to sell its Tropicana Entertainment for $1.85 billion. J.B. Hunt net jumped 6% on 20% surge in revenues. M&T Bank net rose on higher revenues.

Shire in $2.4 B Deal with Servier, Adecco to Buy General Assembly

Sarla Buch
16 Apr, 2018
New York City

Adecco agreed to acquire the U.S.-based General Assembly. Rocket Internet plans early termination of its share buyback program. Software AG reported weaker-than-expected revenues. Shire agreed to sell its Oncology business to France-based Servier.

Citigroup, JPMorgan, Wells Fargo Report Improving Profits

Mukesh Buch
13 Apr, 2018
New York City

Citigroup profit beat estimates. First Horizon reported strong first-quarter results. First Republic Bank jumped on better-than-expected results. JPMorgan reported record profit on lower taxes. Wells Fargo profit may be trimmed by settlement expenses.

L'Oreal U.S. Sales Drop, Stora Jumps on Positive Quarterly Results

Sarla Buch
13 Apr, 2018
New York City

Conzzeta soared after quarterly revenues surged. L''Oreal reported quarterly sales in North America declined. Stora Enso jumped after batter-than-expected results. Sage revenues dropped but cloud revenues surged.

BlackRock Shine on ETF Inflows, Bed Bath & Beyond Tumbles

Mukesh Buch
12 Apr, 2018
New York City

BlackRock reported strong first-quarter results. Bed Bath & Beyond tumbled on weak outlook. Commerce Bancshares net jumped 7% on 9% increase in revenues. Delta Air Lines reported better-than-expected results despite higher costs. Rite Aid revenue missed estimates.

PUMA Lifts Fiscal Outlook, WH Smith Profit Eases

Sarla Buch
12 Apr, 2018
New York City

Gerresheimer profit surged but revenue forecast disappointed traders. Man Group plans to buy back as much as $100 million of stocks. PUMA jumped on improved forecast. WH Smith profit eased.

Alexion to Buy Wilson Therapeutics, Fastenal Reports Strong Quarterly Results

Mukesh Buch
11 Apr, 2018
New York City

Alexion Pharma agreed to buy Sweden-based Wilson Therapeutics for $855 million. EMCORE lowered second-quarter sales forecast. Fastenal declined despite strong first-quarter results. Washington Federal net soared on 10% jump in revenues.

Asos Reaffirms Outlook, Hammerson Received Revised Merger Proposal

Sarla Buch
11 Apr, 2018
New York City

Asos.com plans to increase capital spending in fiscal 2018. Barry Callebaut reported increase in profit after sales volume jumped 8%. Hammerson received revised proposal from France-based rival Klepierre. PageGroup profit soared 10%.

Federal Mogul and Tenneco to Merge; U.S. Approves Bayer,Monsanto Deal

Mukesh Buch
10 Apr, 2018
New York City

Tenneco agreed to buy Federal-Mogul from Icahn Enterprises for $5.4 billion. MSC Industrial Direct reported strong profit and revenues. The U.S. Justice Department approved Monsanto merger with Bayer AG. Simply Good Foods net jumped.

Bayer Gets U.S. Approval for Monsato Deal, LVMH Q1 Sales Jumps

Sarla Buch
10 Apr, 2018
New York City

Bayer soared after the company won U.S. regulatory approval of Monsanto takeover. BNP Paribas agreed to buy Poland-based Raiffeisen Bank International. Givaudan declined on weaker-than-expected sales. LVMH sales soared 10% to

Hilton Parent to Sell Stake, Nation Beef Agreed to Brazil Deal

Mukesh Buch
09 Apr, 2018
New York City

Hilton Worldwide shareholder HNA Tourism Group plans to sell 63.05 million shares. National Beef Packing agreed to be acquired by Brazil-based Marfrig Global Foods for $969 million.

Novartis in $8.7 B Deal with AveXis, Sulzer Takes Step to Trim Russian Stake

Sarla Buch
09 Apr, 2018
New York City

Henkel confirmed fiscal 2018 outlook and said its delivery problems in North America should be solved by the end of June. Novartis agreed to acquire the U.S.-based AveXis for $8.7 billion in cash. Sulzer buys back five million shares from Russia controlled company.

Greenbrier and WD-40 Exceed Expectations, Pricesmart March Sales Jumps

Mukesh Buch
06 Apr, 2018
New York City

Greenbrier reported better-than-expected results. Hooker Furniture missed earnings estimates. Pricesmart warehouse club sales soared. WD-40 earnings reported above expectations.

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