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Surge in Alphabet, Amazon, Intel and Microsoft Lift Indexes

Mukesh Buch
27 Oct, 2017
New York City

Alphabet beats earnings estimates on rising aggregate advertising revenues. Amazon Roars ahead with broader revenues rise. CVS is in talks to acquire Aetna for $66 billion. Exxon profit surges. Intel PC revenues drop but report strong quarterly revenues. Microsoft rides cloud boom.

RBS Profit Soar on Cost Control, UBS Net Jumps 32%

Sarla Buch
27 Oct, 2017
New York City

Kuka revenues soared on strong demand in China. Linde profit declined on weak revenues. RBS reported third consecutive quarterly profit after cost-cutting. Safran beats revenue growth expectations. Total SA net soared 40%. UBS profit surged 32%.

Walgreens Closes 600 Rite Aid Stores; Valero Rides Post-Harvey Price Jump

Mukesh Buch
26 Oct, 2017
New York City

Comcast reported a surge in profit. Twitter soared after net loss narrowed. Valero profits jumped on higher post-Harvey gas prices. Walgreens closes 600 Rite Aid stores. Xerox beats expectations.

Investors Focus on Barclays, Deutsche Bank Trading Revenues; Nokia Tumbles

Sarla Buch
26 Oct, 2017
New York City

Barclays declined on weak trading revenues. Deutsche Bank trading slump but profit surged. Nokia tumbled on gloomy outlook but profit doubled. Schneider Electric lifted revenues forecast. Banco Santander net soared but investors stay tuned for Catalonia decision.

AT&T, Boeing Profit Decline; Visa Beats Estimate on Europe Growth

Mukesh Buch
25 Oct, 2017
New York City

AT&T profit declined after TV Subscription and wireless phone businesses shrink. Boeing profit plunged despite record plane deliveries. Coca-Cola profit surged 38% but revenues tumbled 15%. General Dynamics profit jumped 18%. International Paper net soared. Visa profit surged.

GlaxoSmithKline Net Jump on New Drugs Demand, Lloyds Banking Net Soars

Sarla Buch
25 Oct, 2017
New York City

Lufthansa said deal with the smaller rival Air Berlin is expected to generate positive impact in 2019. Fiat Chrysler profit soared despite shipment fell 6%. GlaxoSmithKline profit surged on strong demand for Tivicay and Relvar. Lloyds Banking lifted fiscal outlook.

GM Net Swings to a Loss; 3M and McDonald

Mukesh Buch
24 Oct, 2017
New York City

3M lifted profit outlook. Biogen beats profit and revenue estimate. Caterpillar profit jumped on strong equipment demand. GM net swung to a loss on downtime. Eli Lilly profit beats estimate and the drug maker may sell or spinoff of animal health business. McDonald''s profit surged 48%.

BASF Beat Expectations, Novartis New Drugs Sales Surge

Sarla Buch
24 Oct, 2017
New York City

Atos said cyber-security division revenues soared. BASF reported better-than-expected earnings growth of 35%. Covestro plans to buy back as much as

Cisco to Acquires BroadSoft; Halliburton Profit Rebounds, Hasbro Net Jumps

Mukesh Buch
23 Oct, 2017
New York City

Cisco agreed to buy BroadSoft for $1.9 billion. Hartford Financial net plunged 47%. Halliburton profit rebounded on higher oil prices. Hasbro net soared 15%. Illinois Tool net surged 20%. Kimberly Clark reaffirmed fiscal 2017 outlook. VFC Corp net tumbled 23%.

Philips Profit Declines on Flat Revenue, Spire Healthcare Rejects Takeover Bid

Sarla Buch
23 Oct, 2017
New York City

CRH received Ash Grove approval for its $3.5 billion acquisition. Philips net plunged 15% on flat revenues. Pendragon tumbled on profit warning. Spire Healthcare rejected takeover offer from its major investor Mediclinic. Securitas reported better-than-expected results.

IBM 22nd Quarterly Decline in a Row; Morgan Stanley, U.S. Bancorp Net Jump

Mukesh Buch
18 Oct, 2017
New York City

Assurant agreed to buy privately held Warranty Group for $2.5 billion. Abbott net swung to profit on strong medical device sales. IBM net declined for the 22nd quarter in a row. Morgan Stanley net soared. M&T Bank net missed the estimate. U.S. Bancorp net jumped on loan growth.

Akzo Repeats Profit Warning, ASML Profit Surges 58%

Sarla Buch
18 Oct, 2017
New York City

Akzo Nobel reported lower-than-expected results and issued second profit warning. ASML profit surged on strong demand. Carrefour Brasil sales soared 8%. Haulotte said revenues in the nine-months jumped 8%.

Airbus, Bombardier in Jetliner Partnership; Pearson Rises on Improved Outlook

Sarla Buch
17 Oct, 2017
New York City

Airbus agreed to buy a majority stake in CSeries passenger jetliner of Canada-based Bombardier. Merlin shares tumbled on profit warning. Pearson jumped on improved profit forecast. Remy Cointreau said sales advanced 6%. Sartorius lowered group revenues forecast.

J&J, UnitedHealth Lifts Dow; Equities, Deals Supports Strong Profit at Goldman

Mukesh Buch
17 Oct, 2017
New York City

CSX benefited from higher freight rates. Comerica net soared on higher net interest income. Goldman Sachs bond trading revenues fell but benefitted from the healthy deals and equities markets. Omnicom beats revenue forecast. Grainger net plunged. J&J revenues soared. UnitedHealth profit surged 26%.

Schwab Rides Market Wave, Nordstrom Family Suspends LBO Exploration

Mukesh Buch
16 Oct, 2017
New York City

Charles Schwab net and revenues surged on a new retail brokerage accounts. Capstar Financial net more than doubled. McClatchy said net loss widened on weak revenues. Nordstrom family suspends its plan to go private. Ruby Tuesday agreed to be acquired by NRD Capital.

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