Market Update

Novartis, Randstad Net Jump; Orange Lowers Profit Outlook

Sarla Buch
25 Oct, 2016
New York City

Air Liquide said revenues in the third-quarter rose. Novartis profit soared 7% and forecasted full-year profit to be at the best flat. Orange lowered profit forecast. Randstad net surged 16% on 7% jump in revenues. Whitbread net and revenues advanced.

Rockwell in $6.4 B Deal with B/E Aerospace, TD Ameritrade to Buy Scottrade

Mukesh Buch
24 Oct, 2016
New York City

ACCO net plunged. Eagle Materials net doubled. Kimberly Clark lowered fiscal outlook. Philips net surged. Rockwell Collins agreed to acquire B/E Aerospace for about $6.4 billion. TD Ameritrade agreed to buy Scottrade for $4 billion.

Germany Rejects Aixtron Takeover, Syngeta Falls on Deadline Miss

Sarla Buch
24 Oct, 2016
New York City

Aixtron plunged after German ministry rejected takeover by a China based company. Cobham tumbled after the satellite services provider lowered profit outlook. French Connection surged on takeover rumors. Petra Diamonds said production in the first-quarter surged 30%.

AT&T and Time Warner Explore Merger, Paypal Surges on Outlook

Mukesh Buch
21 Oct, 2016
New York City

GE net declined 20% and lowered revenues forecast. Honeywell net fell but revenues rose. McDonald''s net and comparable sales rose. Moody''s profit jumped 10%. Parker-Hannifin net soared 8% but revenues fell. Paypal lifted revenue forecast.

BAT Offers $47 B to Buy Remaining Reynolds Stake, Daimler Net Surges 13%

Sarla Buch
21 Oct, 2016
New York City

British American Tobacco offered for the remaining 58% stake in the U.S.-based Reynolds American for

BNY Mellon Net Surges; American Airlines, eBay, Verizon Net Plunge

Mukesh Buch
20 Oct, 2016
New York City

American Airlines net plunged 56%. BNY Mellon profit surged 19%. Danaher net tumbled 72%. eBay net plummeted 23%. Illinois Tool net jumped 5%. Verizon profit plunged 10% on 7% decline in revenues. Walgreens net surged.

Lufthansa Soared on Outlook; LSE Sales Jump, Nestle Struggles

Sarla Buch
20 Oct, 2016
New York City

GEA sales fell 0.9% on weak sales in energy industry. Deutsche Lufthansa revenues dropped 2% but the international airline lifted fiscal outlook. London Stock Exchange revenues soared 19%. Nestle sales rose 1%. Publicis revenues slid.

Abbott, BB&T, Intel, Morgan Stanley, Yahoo Net Jump

Mukesh Buch
19 Oct, 2016
New York City

Abbott and net jumped 8%. BB&T profit surged 22%. Dover net tumbled 30%. Intel said quarterly profit and revenues soared 9%. Morgan Stanley net jumped 60% after bond trading revenue surged. Yahoo profit more than doubled on revenues increased 7%.

ASML, Carrefour, Reckitt Benckiser Sale Soar; Akzo, Metro Sales Fall

Sarla Buch
19 Oct, 2016
New York City

Akzo Nobel said revenues fell 4% on weak sales. ASML net surged 11% on 17% increase in revenues. Carrefour said sales rose 1%. Metro AG, Germany based retailer offered positive Christmas season sales. Reckitt Benckiser said revenues surged 17%.

Goldman Sachs, J&J, UnitedHealth Net Surge; Harley-Davidson Net Plunges

Mukesh Buch
18 Oct, 2016
New York City

BlackRock net rose 4%. Domino''s Pizza extended quarterly sales increase to 22nd quarter. Goldman Sachs net surged 58%. Grainger net fell 3% but revenues rose. Harley-Davidson net plunged 19%. IBM net slumped. J&J soared 24%. Philip Morris reported flat net. UnitedHealth net surged.

Burberry Sale Jump 4%, Ryanair Lowers Outlook

Sarla Buch
18 Oct, 2016
New York City

Burberry said total revenues jumped 4% to

BofA Net Jumped 6%, Supervalu Sells Discount Unit for $1.4 B

Mukesh Buch
17 Oct, 2016
New York City

Bank of America said quarterly net jumped 7%. Charles Schwab profit and revenues surged. Hasbro net soared 24% on 14% jump in revenues. J B Hunt net declined 5%. Lennox Intl net and revenues rose 6% but lowered fiscal outlook. Supervalu agreed to sell Save-A-Lot for $1.4 billion.

Continental to Buys Konrad Hornschuch, H&M September Sales Rises 1%

Sarla Buch
17 Oct, 2016
New York City

Continental agreed to buy Konrad Hornschuch for

Suedzucker Lifts Outlook; Unilever Sales Flat, WH Smith Sales Up 7%

Sarla Buch
13 Oct, 2016
New York City

Fraport said total passenger count in September set a new record of 5.9 million. Jupiter Fund said net inflows for the third-quarter were

Kellogg to Buys Brazil-based Parati; CSX, Delta Air, Progressive Net Drop

Mukesh Buch
13 Oct, 2016
New York City

CSX net and revenues plunged. Delta Air Lines net income fell on 6% revenues decline. Kellogg agreed to buy the Brazil-based Parati for $429 million. Lindsay net swung to profit after revenues jumped. Marriott Vacations net surged. Progressive net tumbled 29% but sales surged.