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Volkswagen to Cut 30,000 Jobs, Lafarge Trims Earnings Goal

Sarla Buch
18 Nov, 2016
New York City

Airbus secured new order for 13 commercial aircraft from Japan-based low-cost airline for $1.4 billion. Lafargeholcim lowered its fiscal 2018 profit forecast and cash flow targets. Troubled Volkswagen AG plans to cut about 30,000 jobs worldwide including 23,000 in Germany.

Best Buy Online Sales Growth Lifts Stock, Wal-Mart Still Trailing Rival Amazon

Mukesh Buch
17 Nov, 2016
New York City

Best Buy net surged 55%. Specialty apparel retailer Cato said revenues declined 7%. Cisco struggled with revenue growth and said net cash balance increased to $71 billion. Smucker revenues plunged 8%. Wal-Mart lifted earnings forecast.

Ahold Delhaize, Henkel, Investec Net Soar; Royal Mail Net Tumbles 25%

Sarla Buch
17 Nov, 2016
New York City

Ahold Delhaize net surged 25% to

Target Soars on Positive Customer Trend, Lowe's Slashes Outlook

Mukesh Buch
16 Nov, 2016
New York City

Agilent net declined 11% but revenues jumped on stronger than expected growth in Europe and in China. Brady net surged 21%. Meritor net swung to profit despite 15% plunge in revenues. Lowe''s net tumbled 49% and the retailer estimated annual revenues to jump between 9% and 10%. Target net soared 11%.

Bouygues Profit Jumps; ABN Amro, Leoni Net Decline

Sarla Buch
16 Nov, 2016
New York City

ABN Amro net declined 11% and the bank plans to cut additional 1,500 jobs. Aggreko forecasted operating profit in the year in-line with expectations. Bouygues net rose. Bayer plans to raise

Housing Boom Lifts Home Depot Sales, TJX Offers Cautious Holiday Views

Mukesh Buch
15 Nov, 2016
New York City

Dicks Sporting lifted earnings forecast. Estee Lauder agreed to acquire Too Faced, the feminine makeup brand for $1.45 billion. Home Depot net soared 18% and reaffirmed sales forecast. Reynolds American rejected $47 billion takeover offer from BAT.

Reynolds Rejects $47 B Offer from BAT, Vodafone Net Loss Widens

Sarla Buch
15 Nov, 2016
New York City

Reynolds American rejected $47 billion takeover offer from British American Tobacco. easyJet net declined 22% but carried 73 million passengers in the year so far. Merck profit and revenues surged and lifted operating profit forecast. Vodafone net loss widened.

Samsung Agrees to Acquire Harman Intl for $8 B, ViaSat Buys Arconics

Mukesh Buch
14 Nov, 2016
New York City

Aecom net surged but revenues declined. Enerplus net loss narrowed despite revenues plummeted 35%. Harman International agreed to be acquired by South Korea-based Samsung Electronics for $8 billion. InterOil net loss narrowed. ViaSat agreed to buy Ireland-based Arconics.

Siemens in $4.5 B Deal with Mentor Graphics; Greencore, RWE Net Decline

Sarla Buch
14 Nov, 2016
New York City

Greencore net declined 18% and the food maker plans to acquire the U.S.-based Peacock Foods. Intrum Justitia agreed to buy Norway-based rival for $2 billion. RWE net tumbled 99% after the utility financed a state nuclear-waste fund. Siemens agreed to buy Mentor Graphics $4.5 billion.

Disney Plans More Park Hotels, Nordstrom Earnings Lifts Retail Outlook

Mukesh Buch
11 Nov, 2016
New York City

Brookfield Asset Management net surged. CSW Industrials net plunged 49%. Dillard''s net declined 50%. J C Penney net loss narrowed and the retailer lifted comparable store sales forecast. Disney net soared 10% and opened sixth theme park. Nordstrom net swung to a loss.

Allianz Jumps as Pimco Fund Flow Turns Positive, Enel Profit Soar

Sarla Buch
11 Nov, 2016
New York City

Allianz net surged 35% as PIMCO attracts first positive net fund flows since 2013. Bechtle net and revenues jumped. Utility provider Enel net soared 32% but revenues declined 10%. Renewable energy provider Innogy net tumbled 30%. SIG tumbled after weak profit forecast.

Ralph Lauren Beats Expectations; Macy

Mukesh Buch
10 Nov, 2016
New York City

Cott net swung to a loss but revenues rose. Macy

Low Rates Sink Generali Net, Siemens to Spin Off Healthcare Unit

Sarla Buch
10 Nov, 2016
New York City

3i profit surged five-fold. Continental net tumbled 41%. Electrolux agreed to buy South Africa-based Kwikot for 2 billion kronor. The insurer Generali said net declined 6% after weak income in property and casualty business. National Grid net plunged 52%. Siemens net declined.

DISH Network Net Jumps; Coty, Energizer, Viacom Net Decline

Mukesh Buch
09 Nov, 2016
New York City

Coty net plunged 93% on weak demand. DISH Network net soared 57% and net new Pay-TV subscribers additions declined. Energizer net fell 7%. Endo Intl net loss narrowed and pharmaceuticals maker reaffirmed revenues forecast. Media General net loss widened. Viacom net tumbled.

Associated British Foods, Munich Re Net Soar; Burberry Net Plunges 40%

Sarla Buch
09 Nov, 2016
New York City

Associated British Foods net surged 59%. Alstom net swung to profit after revenues jumped 8%. Burberry net plunged 40%. E.ON net loss narrowed despite write down of assets related to spin-off. Munich Re net surged 30%.

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