ticker

Hays, Pernod Ricard Profit Soar; Elekta publ Net Loss Narrows

Sarla Buch
01 Sep, 2016
New York City

Elekta net loss narrowed and sales declined 15%. Grass Roots agreed to be acquired by the U.S.-based Blackhawk Network for

Bob Evans, Chico's, Caleres, TRC Jump; H & R Block Plunges 11%

Mukesh Buch
31 Aug, 2016
New York City

Brown-Forman net and revenues declined. Bob Evans profit rose but revenues fell. Chico''''s net soared while revenues plunged 7%. Caleres net surged 18%. H&R Block net loss widened after revenues declined 9%. TRC Companies net plunged 13% but sales jumped 16%.

BioMerieux, Iliad, Steinhoff Profit Jump; Bouygues Net Loss Narrows

Sarla Buch
31 Aug, 2016
New York City

Bouygues net loss narrowed after telecom business jumped 6%. BioMerieux profit surged 45% and lifted operating profit forecast. Commerzbank and Deutsche Bank are reportedly exploring a possible merger. Iliad net soared 17% on 7% jump in revenues. Steinhoff said fiscal revenues and profit surged.

EU Demands $14.6 B in Tax from Apple, Abercrombie & Fitch Plunges

Mukesh Buch
30 Aug, 2016
New York City

European Union regulators fined and demanded back taxes of $14.6 billion from Apple Inc. Abercrombie & Fitch plunged after net loss widened. DSW net declined 34%. G-III lowered fiscal outlook. Mondelez dropped its pursuit of Hershey. TiVo net surged 61% but revenues declined.

Barclays Exits Italian Retail Business; Bunzl and Braemar in Focus

Sarla Buch
30 Aug, 2016
New York City

Bunzl completed the acquisition in Canada and agreed to buy Hungary-based food services supplier. Braemar Shipping plunged after weak fiscal outlook. Mediobanca agreed to buy Barclays

Mylan to Launch Cheaper Generic Version of EpiPen

Manish Shah
29 Aug, 2016
New York City

Aleris agreed to be acquired by the rival China Zhongwang for $2.3 billion. Cemex agreed to sell its several U.S. assets to Grupo Cementos. Mylan will launch cheaper generic version of EpiPen only after public outcry. USG agreed to sell its distribution unit for $670 million.

Alstom in

Sarla Buch
29 Aug, 2016
New York City

Alstom won a contract from the U.S. based Amtrak to build 28 new high-speed trains for

Big Lots, Dollar General, Tiffany Net Rise; Dollar Tree Lower Outlook

Mukesh Buch
26 Aug, 2016
New York City

Big Lots net rose and lifted earnings forecast. Berry Plastics agreed to acquire AEP Industries for $765 million in cash and stock. Dollar Tree lowered full-year sales outlook. Dollar General net soared 9%. Tiffany net rose but revenues fell.

Gemalto Net Surges on Flat Revenues, Vivendi Profit Plunges 54%

Sarla Buch
26 Aug, 2016
New York City

Gemalto profit surged on flat revenues. The Restaurant Group net swung to a loss and plans to sell or close 33 underperforming sites and impair the asset value of a further 29 sites. Segro agreed to sell Heston & Airlinks Indl Estate for

Best Buy, Daktronics, Nordson, Smucker, Toll Brothers Profit Jump

Mukesh Buch
23 Aug, 2016
New York City

Best Buy net income surged as online sales soared 24%. Daktronics net soared. Nordson lifted revenues forecast. Premier said net income and revenues advanced. Regis net swung to profit. Smucker net soared 25% but revenues declined. Toll Brothers net and revenues surged.

Straumann Acquires India Based Dental Implants Maker, Persimmon Net Surges

Sarla Buch
23 Aug, 2016
New York City

Kier Group secured three major contracts worth about

Pfizer Offers $14 B for Medivation, Couche-Tard to Buy CST Brands

Mukesh Buch
22 Aug, 2016
New York City

Pfizer agreed to acquire prostate-cancer drug maker Medivation for $14 billion in cash. Intersil surged after the company is in final stages of merger negotiations with Renesas for about $3 billion. CST Brands agreed to be acquired by Canada-based Couche-Tard for $4.4 billion.

Syngenta Jumps on U.S. Approval, Teleperformance in $1.5 B Deal

Sarla Buch
22 Aug, 2016
New York City

Syngenta jumped after the U.S. national-security regulator approved $43 billion proposed acquisition by ChemChina. Teleperformance agreed to acquire LanguageLine for $1.52 billion. Kingspan profit and revenues surged and said net debt shrank. Safeland net declined 21%.

Emerson Electric in $3.2 B Deal with Pentair; Buckle, Deere, Gap Net Fall

Mukesh Buch
19 Aug, 2016
New York City

Buckle net and revenues plunged. Deere net fell on 11% drop in revenues but lifted profit forecast. Estee Lauder net tumbled. Emerson Electric agreed to acquire valves & controls business of Pentair for $3.15 billion. Foot Locker net rose. Gap net plunged 43%.

European Markets Trim Weekly Gains

Sarla Buch
19 Aug, 2016
New York City

21st Century lowered revenues forecast. 888 Holdings and The Rank abandoned its bid to merge with William Hill. UK Commercial Property Trust revenues and profit declined.

Market Update