ticker

Nestle Reveals Profit Estimate and Accelerate Share buybacks

Sarla Buch
26 Sep, 2017
New York City

AA profit surged 46% but lowered fiscal profit forecast. A.G. Barr net slumped 6% but revenues jumped 9%. Close Brothers declined on weak profit. Carnival net declined and lowered earnings outlook. Nestle reveals profit target and accelerate $20.65 billion in share buybacks.

Genuine Parts Acquires Alliance Automotive, Horton Lowers Cash Flow Estimate

Mukesh Buch
25 Sep, 2017
New York City

D. R. Horton lowered its fiscal 2017 cash flow estimate. Genuine Parts agreed to acquire the U.K.-based Alliance Automotive for $2 billion. GE agreed to sell its industrial solutions unit to ABB for $2.6 billion. KKR raised its offer for Pepper Group.

ABB Buys GE Solutions for $2.6 B, Unilever in

Sarla Buch
25 Sep, 2017
New York City

ABB agreed to buy GE solutions unit for $2.6 billion. Aldi reported record sales and continues to open new stores. Imagination Technologies agreed to be acquired for

Time Inc Ramps Up Asset Sale, CarMax Vehicle Sale Surge Lifts Earnings

Mukesh Buch
22 Sep, 2017
New York City

CarMax beats earnings and revenues estimate on higher vehicle unit sales. The Finish Line soared despite profit and revenues declined. Presidio security and cloud business soared but net swung to a loss. Time Inc plans to sell some assets including Time UK.

Airbus Opens New Facility in China, Rio Tinto Expands Share Repurchase Plan

Sarla Buch
22 Sep, 2017
New York City

Airbus unveiled new finishing center in Tianjin, China. Air Berlin is in advanced talks with Lufthansa and Easyjet. Rio Tinto increased its share repurchase program by $2.5 billion to $4 billion. Smiths Group beats profit estimate. Saga raised interim dividend.

Toshiba Sells Memory Unit for $18 B, Alphabet to Buy Pixle

Mukesh Buch
21 Sep, 2017
New York City

Calgon Carbon agreed to be acquired for $1.1 billion. Alphabet plans to buy Pixel smartphone business for $1.1 billion from HTC. Herman Miller net plunged 9%. Scholastic net loss widened but reaffirmed fiscal outlook. Toshiba agreed to sell memory business for $18 billion.

CRH Expands in U.S., Fortum Accelerates Renewable Consolidation in Europe

Sarla Buch
21 Sep, 2017
New York City

Capita tumbled after net declined 52%. CRH agreed to buy the U.S.-based Ash Grove Cement for $3.5 billion. Fortum plans to offer

Cloud Services Lift Adobe Revenues, FedEx Lowers Fiscal Outlook

Mukesh Buch
20 Sep, 2017
New York City

AAR net soared 12% on 9% jump in revenues. Adobe profit surged 55% on cloud subscriber growth. Analogic net swung to a loss after revenues plummeted 19%. Bed Bath & Beyond results suffered on growing online competition. Copart net declined. FedEx net dropped 17%.

Thyssen, Tata Steel to Merger European Businesses, Zara Profit Soars

Sarla Buch
20 Sep, 2017
New York City

Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.

Walgreens Wins Revised Approval for Rite Aid, AutoZone Rally Fizzles

Mukesh Buch
19 Sep, 2017
New York City

AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.

Femsa Sold 5.24% stake in Heineken, Solvay in

Sarla Buch
19 Sep, 2017
New York City

Femsa sold its 5.24% stake in Heineken for

Northrop, Orbital ATK in $7.8 B Deal; Slack Raises Funds at $5B Valuation

Mukesh Buch
18 Sep, 2017
New York City

Itron agreed to acquire its smaller rival Silver Springs Networks for $830 million. Northrop Grumman intends to acquire missile and rocket maker Orbital ATK for $7.8 billion. Slack raised fund in the latest round at $5 billion valuation. Wenner Media seeks buyer for Rolling Stone.

Petra Profit Falls on Weaker Margins, Siemens Gamesa Wins China Order

Sarla Buch
18 Sep, 2017
New York City

Dairy Crest said strong demand for its cheese products are expected to lift half-year profit. Hiscox estimated claims of $150 million in Hurricane Harvey. PwC profit fell blamed election and Brexit. Petra Diamonds profit fell but revenues soared.

Centene to Buy Fidelis Care, Oracle Beats Estimates

Mukesh Buch
15 Sep, 2017
New York City

Centene agreed to acquire nonprofit health insurer Fidelis Care for $3.75 billion. Mirati Therapeutics stock surged on positive cancer treatment trial results. Oracle profit and revenues jumped. Sparton beats earnings results. Tenet Healthcare is looking for a merger partner.

Netherlands Lowers ABN Amro stake, H & M Sales Jumps

Sarla Buch
15 Sep, 2017
New York City

The Dutch government reduced its stake to 56% in ABN AMRO after

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