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Goldman Sachs Revenues Declined 13%; IBM, J&J Net Decline

Mukesh Buch
19 Jul, 2016
New York City

Goldman Sachs said revenues dropped 13%. IBM profit tumbled 27%. Johnson & Johnson net declined 12% but revenues jumped 4%. Grainger net plunged 22%. Yahoo! net loss widened but revenues increased 6%.

ARM in

Sarla Buch
18 Jul, 2016
New York City

ARM Holdings agreed to be acquired by Japan-based SoftBank for about

Bank of America Net Drops 19%; Charles Schwab, Hasbro Net Jump

Mukesh Buch
18 Jul, 2016
New York City

Bank of America profit and revenues declined. Charles Schwab net soared 28% and revenues jumped 17%. Cal-Maine Foods net swung to a loss on 25% drop in revenues. Exxon Mobil offered to acquire Singapore based InterOil. Hasbro net surged 25%. J B Hunt net rose. Lennox Int net soared.

Bayer Rise all-cash offer to Monsanto, Swatch Plunges 9%

Sarla Buch
15 Jul, 2016
New York City

Travel and leisure stocks declined after a terrorist attack in Nice, France killed more than 80 people. Bayer raised its all-cash offer for Monsanto Co to $125 per share. Draegerwerk said net sales in the second-quarter declined 6%. Swatch sales to decline 12%.

Citigroup, Wells Fargo Net Fall; First Horizon, U.S. Bancorp Net Jump

Mukesh Buch
15 Jul, 2016
New York City

Citigroup net plunged 17% on 10% decline in revenues. First Horizon net surged 12% on 8% advance in revenues. PNC Financial net slumped 7%. U.S. Bancorp net soared 10% and revenues jumped 8%. Wells Fargo profit fell 2% but revenues increased 4%.

Halfords Sales Rises, Mothercare Sales Falls; Software AG Net Soars

Sarla Buch
14 Jul, 2016
New York City

Fielmann forecasted sales in the first-half to jump 5% and unit sales to advance 6% to 2 million. Halfords revenues 2.1% and retail sales rose 1.5%. Sainsbury won

BlackRock, CSX, JPMorgan Net Fall; Yum! Net Surges

Mukesh Buch
14 Jul, 2016
New York City

BlackRock net and revenues fell. CSX profit declined 20% on 12% drop in revenues. Devon Energy sells 50% stake in Access Pipeline to Wolf Midstream. Delta net rose 4%. JPMorgan net fell 1%. Omnicom net jumped 4%. Progressive net tumbled 48%. Yum! Brands net surged 44%.

Exelon in Talks to Acquire Nuclear Plant, Teva Lifts Second Quarter Outlook

Mukesh Buch
13 Jul, 2016
New York City

AngioDynamics net loss widened. ADTRAN net soared more than four-fold. AAR profit plunged 21% but revenues surged 10%. Commerce Bancshares net jumped 7%. Exelon is in preliminary talks with Entergy to acquire the nuclear plant that is scheduled to be shut down. Teva Pharma lifted sales forecast.

Alstom, Burberry Sales Jump; Accor to Separates HotelInvest

Sarla Buch
13 Jul, 2016
New York City

Alstom said sales in the first-quarter soared 9% but orders booked declined. Accor plans to separate HotelInvest. Burberry said retail revenue jumped 4%. Poundland agreed to be acquired by South Africa-based Steinhoff International for

Alcoa Net Drops but Lifts Outlook; Fastenal, Rocky Mountain Fall

Mukesh Buch
12 Jul, 2016
New York City

Alcoa said sales declined 10% and lifted forecasted. Alliance One Intl net surged on flat revenues. Fastenal profit slumped 6%. GMS net soared more than four-fold and sales surged 30%. Rocky Mountain Chocolate net fell 4%. VOXX Intl net loss widened.

Daimler Operating Net Rises Despite Higher Charges, DNB Loan Losses Rise

Sarla Buch
12 Jul, 2016
New York City

ASOS said four-month sales soared 30% from a year ago. Daimler AG said second-quarter operating profit increased 5.6%. DNB ASA said second-quarter profit dropped 10.4% on larger loan losses. UniCredit SpA said it plans to divest 10% stake in online bank FinecoBank SpA.

Airbus Wins

Sarla Buch
11 Jul, 2016
New York City

Airbus signed a deal worth

Reuters in $3.5 B Deal with Onex, Baring Asia; Kinder Morgan Divests Pipeline

Mukesh Buch
11 Jul, 2016
New York City

Bank of the Ozarks net and revenues surged. Cablevision offered $1.1 billion to Nirvana Asia. Kinder Morgan divested 7,600-mile natural-gas pipeline system to Southern Co for $1.47 billion. Reuters agreed to sell its IP and Science business to Onex and Baring Asia for $3.5 billion.

Hammerson Acquires Dundrum for

Sarla Buch
08 Jul, 2016
New York City

Air France KLM June passenger traffics fell 2%. British Land agreed to sell its flagship store Debenhams building. Hammerson agreed to buy Ireland-based Dundrum for

WD-40 Net Jump: Apollo Education, PriceSmart Net Plummet

Mukesh Buch
08 Jul, 2016
New York City

Apollo Education net and revenues tumbled. Cathay General Bancorp agreed to acquire Taiwan-focused SinoPac. Chase Corp net jumped 5%. Helen of Troy net declined 7%. PriceSmart net plummeted 21%. WD-40 net soared 16%.

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