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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.

Takeda Offers $55 B to Shire, Cassa Depositi to Buy 5% of Telecom Italia

Sarla Buch
06 Apr, 2018
New York City

AO World net loss widened but revenues soared. Italy

Lennar Backlog Jumps; Spotify Valuation May Top $25 B

Mukesh Buch
04 Apr, 2018
New York City

Acuity Brands profit surged on strong sales volumes. CarMax missed earnings estimates. Cloudera tumbled despite revenue surged and net loss narrowed. Dave & Buster''s profit and revenues soared. Lennar jumped on record new orders and backlog.

Swiss Re Seeks Capital from SoftBank; HPI, Telecel Terminate Talks

Sarla Buch
04 Apr, 2018
New York City

Fagron plunged on the U.S. rival acquisition. Grenke profit surged 21%. HPI terminate the talk on the merger with the Telecel Group. Swiss Re said SoftBank stake will not to exceed more than 10%.

Monsanto Misses Q2 Estimates, Smucker to Buy Ainsworth Pet Nutrition

Mukesh Buch
05 Apr, 2018
New York City

Conn''s tumbled on weak outlook. Chase Corp said net and revenues surged. Smucker agreed to acquire Ainsworth Pet Nutrition for $1.7 billion. Lamb Weston profit surged 86% on 12% jump in revenues. Monsanto results disappointed. RPM International net jumped.

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