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Redstone Withdraws Viacom-CBS Proposal; Boeing and Iran in $17 B Deal

Mukesh Buch
12 Dec, 2016
New York City

Boeing agreed to sell 80 jetliners to Iran Air at a list price of $16.6 billion. CBRE agreed to buy a shopping centre developer. Johnson Outdoors net swung to a loss but revenues soared. The Redstone family withdrew its proposed consolidation of Viacom and CBS.

Eni Sells Egyptian Gas Field Stake, Intesa to Finance Glencore Rosneft Deal

Sarla Buch
12 Dec, 2016
New York City

Italy controlled Eni agreed to sell its 30% stake in Egypt-based gas field to Rosneft for $1.6 billion. e2v Tech agreed to be acquired by Teledyne for

Finisar at New 5-Year High; Vail Resorts Reports Weak Q1 Results

Mukesh Buch
09 Dec, 2016
New York City

Cooper net surged 65% on 14% jump in revenues. Finisar net more than doubled. Ferrellgas Partners net loss narrowed after sales soared 22%. Fred''s net swung to a loss. Vail Resorts net loss widened to $63 million.

Amundi to Raise

Sarla Buch
09 Dec, 2016
New York City

Amundi plans to sell new shares up to

Rosneft Sells 20% Stake to Glencore, Qatar Funds; UniCredit Sells Polish Stake

Sarla Buch
08 Dec, 2016
New York City

Capita tumbled after fiscal outlook. Glencore and Qatar sovereign fund agreed to buy 19.5% stake in Rosneft for

Roper to Buys Deltek for $2.8 B, Verizon Divests Data Centres

Mukesh Buch
06 Dec, 2016
New York City

AutoZone net soared 8%. Barnes & Noble Education net declined 12% but lifted sales forecast. HD Supply net tumbled 76% and reaffirmed on sales outlook. Michaels net slid. Roper agreed to acquire smaller rival Deltek for $2.8 billion. Verizon to sell 29 data centres in $3.6 billion.

Curtiss-Wright Acquires Teletronics, Vera Bradley Lowers Outlook

Mukesh Buch
07 Dec, 2016
New York City

Brown-Forman revenues fell. Curtiss-Wright agreed to acquire Teletronics Technology Corp. for $233 million. Hooker Furniture net advanced 39%. John Wiley net swung to a loss. Korn/Ferry net soared 68%. Vera Bradley net plunged and the retailer lowered outlook.

Credit Suisse Lowers Outlook; Europe Levies

Sarla Buch
07 Dec, 2016
New York City

Credit Suisse plans to reduce total expenses by additional 1 billion francs. European completion authority filed a total of

Actelion Receives Fresh Bid from J&J, GoDaddy Pursues Host Europe

Sarla Buch
06 Dec, 2016
New York City

Actelion received revised takeover bid from Johnson & Johnson for 253 francs. ABN AMRO agreed to sell its private-banking assets in Asia and the Middle East. Drax agreed to buy Opus Energy for

Johnson Controls Lifts Outlook, Sirius Pursues Pandora

Mukesh Buch
05 Dec, 2016
New York City

Chesapeake agreed to sell select energy assets for about $450 million. Consolidated Communications intends to acquire FairPoint Communications for $1.5 billion. Ixia exploring company sale. Johnson Controls lifted fiscal outlook.

European Markets Brush Off Italy

Sarla Buch
05 Dec, 2016
New York City

Italian market index recovers from the early sell off. Air Berlin sold its stake in NIKI to Etihad on

Ascena Surges on Outlook, Workday Plunges 16% on Weak Views

Mukesh Buch
02 Dec, 2016
New York City

Big Lots net swung to profit. Genesco net tumbled 20% and reiterated earnings forecast. G-III net plunged 19%. Five Below net income and sales surged. Ulta Salon net jumped and the retailer lifted fiscal sales outlook. Workday net loss widened.

Aixtron Takeover Blocked Again; Berkeley Net Surges 37%

Sarla Buch
02 Dec, 2016
New York City

Aixtron declined after U.S. blocked the Chinese company from buying Germany-based chip equipment maker. Berkeley profit and revenues surged despite the pending sale contracts declined 20%. G4S agreed to sell its Israel unit.

Parker-Hannifin in $4.3 B Deal with Clarcor; Express, Guess Decline

Mukesh Buch
01 Dec, 2016
New York City

Donaldson on positive outlook. Dollar General declined on weak earnings outlook. Express net plummeted 56% and the retailer lowered comparable sales forecast. Guess profit plunged 27%. Kroger net dropped 9%. L Brands comparable sales in November jumped.

Maersk to Buy Hamburg Sud, Elekta Net Declines 71%

Sarla Buch
01 Dec, 2016
New York City

Maersk agreed to acquire Germany-based Hamburg Sud. Elekta said net tumbled 71% on 16% decline in revenues and medical treatment provider secured two orders for MR-supported linear. Remy agreed to buy the U.S.-based Westland Distillery. Wendel sales jumped 10%.

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