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American Eagle Tumbles on Outlook; Autodesk, Splunk Net Loss Widen

Mukesh Buch
30 Nov, 2016
New York City

American Eagle plunged after the retailer lowered earnings forecast. Autodesk, Nutanix said net loss widened. Royal Bank of Canada profit slid 2% but revenues surged 16%. Titan Machinery net plunged 91%.

Praxair Approaches Linde; Britvic, Greene King, RPC, Sage Profit Jump

Sarla Buch
30 Nov, 2016
New York City

Airbus will reduce as many as 1,164 employees. Britvic soared after profit and revenues jumped 10%. Greene King net increased 5%. Linde rose after Praxair explored a merger. RPC profit soared 80%. Sage subscription growth surged 32%.

Tiffany Earnings Trouble to Extend Next Quarter, Shoe Carnival Tumbles

Mukesh Buch
29 Nov, 2016
New York City

Atkore International net swung to profit but revenues fell. Frontline net slid 3%. Pilgrim''s Pride agreed to buy GNP Co for $350 million. REX American Resources net surged 19%. Shoe Carnival net rose but the retailer lowered its earnings forecast. Tiffany net jumped. Thor Industries net soared 56%.

BT Group Ordered to Separate Network Unit; IG Design, SSP Profit Surge

Sarla Buch
29 Nov, 2016
New York City

U.K. regulatory agency said BT Group to split its network subsidiary Openreach. Countryside Properties profit and revenues jumped on 20% increase in home prices. Crawshaw said sales in November improved. IG Design net soared 63%. SSP Group net surged 35%.

Time Rejects $1.8 B Offer, Centennial to Buy Silverback Exploration

Mukesh Buch
28 Nov, 2016
New York City

Centennial agreed to buy Canada-based Accucaps. Edwards Lifesciences agreed to buy Israel-based privately held Valtech Cardio. OpenGate completed the acquisition of Belgium-based Umicore Zinc Chemicals. LKQ agreed to acquire Sweden-based Mekonomen. Time Inc rejected $18 per share offer.

Aberdeen Asset Outflows Continue; JD Sports and LKQ in Focus

Sarla Buch
28 Nov, 2016
New York City

Aberdeen Asset Management reported strong investment performance but recorded net asset outflows. Aryzta, the bakery products maker said first-quarter revenues fell 3.3%. JD Sports agreed to acquire Go Outdoors. The LKQ agreed to acquire 26.5% stake in Sweden-based Mekonomen.

Actelion Surges on J&J Takeover Talks, UDG Healthcare Net Soars

Sarla Buch
25 Nov, 2016
New York City

Actelion surged on the report of a takeover talks with Johnson & Johnson. Davide Campari-Milano agreed to sell its wine units to Terra Moretti. Pennon Group pre-tax profit surged 20%. UDG Healthcare net vaulted more than three-fold.

Ctrip.com Buys Skyscanner; Remy Net Jumps, ThyssenKrupp Net Falls

Sarla Buch
24 Nov, 2016
New York City

Mothercare net tumbled 92% and closed six stores. Marston''s surged 213%. Remy Cointreau net soared 15% and reaffirmed profit forecast. Skyscanner agreed to be acquired by China-based Ctrip.com for

Hewlett Packard Drain Continues After Split, Medtronics Net Soars

Mukesh Buch
23 Nov, 2016
New York City

Caleres, the footwear retailer reported higher net on strong back-to-school sales. Deere & Co lowered net sales forecast. HP and Hewlett Packard Enterprise reported shrinking sales and sharp fall in earnings. Medtronic net doubled. Urban Outfitters net fell 9%.

France Trims Safran Stake, Infineon Net Plunges 31%

Sarla Buch
23 Nov, 2016
New York City

Brammer agreed to be acquired for

Dr Pepper in $1.7 B Deal with Bai; Chico

Mukesh Buch
22 Nov, 2016
New York City

Analog Devices net surged. Barnes & Noble net loss narrowed but the book retailer lowered fiscal outlook. Burlington Stores net jumped. Chico''s net swung to profit. Dollar Tree profit soared and the deep discounter lifted earnings forecast. DSW net slid. Dr Pepper agreed to buy Bai in $1.7 billion.

Clydesdale Returns to Profitability, UK Lowers Lloyds Stake to 8%

Sarla Buch
22 Nov, 2016
New York City

Clydesdale Bank reported its first profit in five-years after separated from National Australia Bank. Entertainment One tumbled after net plunged 67% but revenues soared 19%. Lloyds Banking said government reduced its stake to 8%.

Symantec to Buy Lifelock for $2.3 B, Macom to Acquire Applied Micro

Mukesh Buch
21 Nov, 2016
New York City

Cubic Corp sales dropped 5%. International Game net swung to a loss. Facebook plans to increase 50% staff in the London

Novartis to Buys Selexys Pharma; Essentra, Mitie Plunge

Sarla Buch
21 Nov, 2016
New York City

Essentra lowered operating profit forecast after weak revenues in health and personal care packaging businesses. Mitie net swung to profit but forecasted profit may below management expectations. Novartis agreed to buy U.S.-based Selexys Pharma for $665 million.

Gap Plans to Close More Stores, Williams-Sonoma Beats Estimates

Mukesh Buch
18 Nov, 2016
New York City

Abercrombie & Fitch net plunged 81%. Buckle net and sales declined. Foot Locker net surged 96% and said it remains on track to meet annual guidance. Gap net declined 18% but reaffirmed earnings forecast. Hibbett Sports net slumped 22%. Williams-Sonoma net fell.

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