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Citigroup, JPMorgan Net Decline; Wells Fargo Says Scandal Hurt Earnings

Mukesh Buch
14 Oct, 2016
New York City

Citigroup net declined 12% on 5% drop in revenues. Commerce Bancshares net and revenues soared 6%. JPMorgan net plunged but revenues jumped. Wells Fargo net fell.

DCC to Buy Hammer; Man Group, Provident Financial, Rank Group in Focus

Sarla Buch
14 Oct, 2016
New York City

DCC unit agreed to acquire Hammer for

Stanley Black in $2 B Deal with Newell, Polaris to Buy Transamerican

Mukesh Buch
12 Oct, 2016
New York City

Barracuda net swung to profit. Fortinet plunged after lowered revenues and profit forecast. Healthcare Services net soared. Polaris agreed to buy Transamerican Auto Parts for $665 million. Stanley Black agreed to acquire tools business of Newell Brands Inc for about $1.95 billion.

BASF, Ericsson and Premier Foods Sales Fall, Domino's Sales Surges

Sarla Buch
12 Oct, 2016
New York City

BASF said sales in the third-quarter declined 20% and operating income tumbled 23%. Domino''s Pizza total sales soared 12% and the pizza chain plans to open more stores. Ericsson said sales and operating income in the third-quarter plunged. Premier Foods sales declined 5%.

Alcoa Tumbles on Revenue Decline; Rent-A-Center, Seagate Plunge

Mukesh Buch
11 Oct, 2016
New York City

Alcoa net surged but revenues declined. Bank of The Ozarks net jumped. Fastenal net slumped 5%. GE intends to acquire LM Wind Power. Phillips 66 and its parent in a 30 asset deal. Seagate tumbled on weak outlook.

Ted Baker Net Surges 24%, LVMH Jumps on 4% Revenue Increase

Sarla Buch
11 Oct, 2016
New York City

Airbus won an order of 50 helicopters from Poland. Infineon Technologies agreed to buy the Netherland-based chip maker Innoluce. LVMH said revenues jumped 4%. Ted Baker jumped after revenues and profit soared. Victrex said group revenues surged.

Calpine in Deal with Noble; Dover Lowers Estimates, Twitter Plunges

Mukesh Buch
10 Oct, 2016
New York City

Calpine agreed to buy Noble Americas Energy Solutions for $1.05 billion. Citigroup agreed to sell its consumer business in Argentina to Banco Santander Rio. Dover lowered its profit and sales forecast in the year. Twitter tumbled it won

Europe Movers: BAE Systems, Lafargeholcim, Swiss Life, Vivendi, William Hill

Sarla Buch
10 Oct, 2016
New York City

BAE Systems signed ten year extension contracts from Royal Navy. Lafargeholcim agreed to sell its 54.3% stake of Chile-based unit. Swiss Life agreed to buy Mayfair Capital. William Hill and Amaya agreed on merger terms.

Snapchat Plans $25 billion IPO, Honeywell and PPG Lower Estimates

Mukesh Buch
07 Oct, 2016
New York City

Advanced Semiconductor Engineering said revenues in the third-quarter slid. Honeywell and PPG Industries lowered earnings per share forecast. Helen of Troy net soared 16%. Mistras Group net fell 4%. Ruby Tuesday net loss widened. Snapchat plans for $25 billion IPO.

Vodafone Pays

Sarla Buch
07 Oct, 2016
New York City

EDF sold $2.66 billion Formosa Bond from twenty investors and

Wal-Mart to Increase Online Investment, Yum! Net Surges 48%

Mukesh Buch
06 Oct, 2016
New York City

International Speedway net swung to profit. Park Electrochemical profit and revenues fell. Village Super Market net soared 22% and revenues jumped. Wal-Mart holds to increase investment in online service and retailer estimated flat earnings. Yum! Brands net surged 48%.

Misys Returns to LSE with

Sarla Buch
06 Oct, 2016
New York City

Air France issued a six-year bond worth

Acuity Brands, AZZ, RPM Intl Plunge, Monsanto Net Loss Narrows

Mukesh Buch
05 Oct, 2016
New York City

Acuity Brands profit and revenues surged. AZZ net plunged 42% on 9% drop in revenues. Constellation Brands net jumped 19%. Global Payments net fell but the payment services provider lifted fiscal outlook. Monsanto net loss narrowed. RPM International net jumped 13%.

Air Liquide, Orange, SVG Capital in Focus; Tesco Net Loss Narrows

Sarla Buch
05 Oct, 2016
New York City

Air Liquide is in talk to sell its scuba diving-equipment unit to Montagu Private Equity. Orange received regulatory approval to acquire 65% stake of Groupama Banque. SVG Capital agreed to sell 50% of its investment portfolio. Tesco net loss narrowed but sales jumped.

Janus in $6 B Deal with Henderson, Salesforce.com to Acquires Krux

Mukesh Buch
04 Oct, 2016
New York City

Computer Services net jumped 9%. Darden Restaurants profit surged 28% and the restaurant operator lifted outlook. Janus Capital agreed to be acquired by the London-based Henderson for about $6 billion. Krux agreed to be acquired by Salesforce.com for $700 million.

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