ticker

Goldman, BofA, Apple, Citi to Repatriate Income; Uber Sells 15% Stake

Mukesh Buch
29 Dec, 2017
New York City

Apple, Microsoft, Bank of America, Goldman Sachs, Citigrop and other global corporations announce plans to repatriate foreign income and take advantage of new tax laws. Uber sells 15% stake to Softbank worth $9 billion.

Modest 2017 Rise in European Markets, Airbus Signs $50 B Orders from Indigo

Sarla Buch
29 Dec, 2017
New York City

Airbus secured 430 Airbus A320neo order from India-based Indigo worth $50 billion. Banco BPM exceeds the capital requirements set by the European Central Bank and envisages the disposal of

Hedge Fund Opposes Kindred Healthcare Deal, Hunt Beats Estimate

Mukesh Buch
28 Dec, 2017
New York City

Apple is in talk with Riyadh for strategic investments in the region. Brigade Capital opposed Humana to deal with Kindred Healthcare. GE increases stake in Sweden-based Arcam Aktiebolag. J.B. Hunt declined despite beating fourth-quarter estimate.

Aegon to Sell U.S. Unit Stake to Scor, Orlen Bids for Unipetrol

Sarla Buch
28 Dec, 2017
New York City

Aegon plans to sell stake in the U.S. unit to France-based rival Scor SE. Nighthawk Energy agreed with its creditor to amend existing bank agreement. PKN Orlen oil refiner offered 380 crowns per share in its Czech downstream oil unit Unipetrol.

Apple Reported to Lowers iPhone X Estimate, Boeing Confirms Embraer Talks

Mukesh Buch
27 Dec, 2017
New York City

Apple is said to have lowered its fiscal 2018 first-quarter sales forecast for iPhone X. Aston Martin recall more than 5,000 vehicles in the U.S. Boeing confirmed talks to acquire Brazil-based jet aircraft maker Embraer.

Daimler, Barclays and European Corps Lift Outlook on U.S. Tax Revisions

Sarla Buch
27 Dec, 2017
New York City

Barclays will write-down $1.3 billion from the U.S. tax bill. Daimler lifted 2017 profit estimate after recent tax reform in the U.S. IWG stock surged after confirming takeover bid. Royal Dutch Shell said U.S. tax reform will be favorable to the group.

Home Depot Plans to Buy XPO Logistics, Ignyta Surges on Roche Deal

Mukesh Buch
26 Dec, 2017
New York City

Home Depot plans to acquire supply chain solutions provider XPO Logistics. Ignyta agreed to be acquired by Switzerland-based cancer drug maker Roche Holding for $1.7 billion. Sigma Labs secured contract from Germany-based privately-held Laser Zentrum Nord.

GVC in

Sarla Buch
26 Dec, 2017
New York City

GVC agreed to acquire rival Ladbrokes Coral for

Conagra Net Beats Estimates; Paychex Shines, CarMax Growth Slows

Mukesh Buch
21 Dec, 2017
New York City

Apogee tumbled after lowering profit estimate. CarMax revenues jumped but the growth slowed mirroring industry trend. Conagra sales and net beat estimates driven by hurricane fueled demand. Lindsay net surged. Paychex beat profit and revenue estimate.

Accenture Lifts Outlook, Nokia Signs Patent Deal with Huawei

Sarla Buch
21 Dec, 2017
New York City

Accenture reported strong quarterly results and also healthy order pipeline. Balfour Beatty sells 12.5% stake in M25 toll road operator and the infrastructure developed lifted 2017 profit forecast. Nokia signed multi-year patent license contract with Huawei.Statoil extend plans for Snorre oilfield.

General Mills Lifts Outlook, Micron Technology Revenue Surges

Mukesh Buch
20 Dec, 2017
New York City

Actuant reaffirmed fiscal 2018 outlook. BlackBerry net loss widened after sales declined 22%. General Mills lifted net sales forecast. Micron Technology net and revenues surged. Red Hat net soared 49% on 22% jump in revenues. Rev Group profit soared.

Banco BPM Sells Troubled Loans, Iliad Acquires Stake in Ireland Based Telco

Sarla Buch
20 Dec, 2017
New York City

Banco BPM sell non-performing unsecured credit portfolios for

Darden Lifts Outlook, Navistar Sales in U.S. and Canada Jump

Mukesh Buch
19 Dec, 2017
New York City

Darden Restaurants lifted fiscal outlook. FactSet plunged 8% despite reporting rising revenues. Longfin tumbled after buying a blockchain Ziddu.com. Navistar jumped on higher sales in Canada and in the U.S. Tenet explore to sale of its Conifer unit. Worthington net declined 16%.

Ceconomy Beats Profit Forecast, Old Mutual Sells Buxton UK Fund

Sarla Buch
19 Dec, 2017
New York City

Ceconomy net profit soared. China owned Tsinghua increased its stake in Dialog Semiconductor. Fresenius plans to acquire the U.S.-based Akorn in early 2018. Old Mutual agreed to sell asset management unit for

Humana Pursues Kindred Healthcare, Oracle to Acquire Australia Based Aconex

Mukesh Buch
18 Dec, 2017
New York City

Hershey to acquire Amplify Snack for $1.6 billion. Humana and private equity firms are in preliminary talks to buy Kindred Healthcare. Oracle agreed to acquire Australia-based Aconex for $1.2 billion. Penn National Gaming to buy Pinnacle Entertainment in $2.8 billion.

Market Update