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Qatar Still Wants American as War of Words Escalates

Mukesh Buch
13 Jul, 2017
New York City

Qatar Airways still insist to buy stake in American Airlines despite its decline for code-sharing agreements. Commerce Bancshares net soared 11%. Delta Air Lines net tumbled 21% but passenger unit revenues increased. JBS wins court approval for $300 million stake sell to Minerva.

Barnes & Noble Ed Net Swings to Profit, MSC Direct Plunges

Mukesh Buch
12 Jul, 2017
New York City

AAR net and revenues jumped. Barnes & Noble forecasted flat sales in fiscal 2018. Bank Of The Ozarks interest income soared on acquisitions. Fastenal net jumped 13.2%. MSC Industrial Direct plunged after net income declined.

Burberry China Sales Soar, Barratt Reports Record 9-Year Home Completions

Sarla Buch
12 Jul, 2017
New York City

Burberry first-quarter revenues jumped on strong sales in the U.K. and China. The homebuilder Barratt Developments forecasted profit ahead of market expectations. CropEnergies revenues and operating profit surged. SSP said revenues in the third-quarter soared 15%.

PepsiCo Net Jumps on Price Increase, WD-40 Net Rises 40%

Mukesh Buch
11 Jul, 2017
New York City

Barracuda Networks revenues soared 9%. PepsiCo net jumped on higher pricing and stronger than expected growth in North America. VOXX International net loss narrowed. WD-40 net surged 14%.

Pearson Sell 22% Stake in Penguin Random House, M&S Revenues Jump

Sarla Buch
11 Jul, 2017
New York City

Marks and Spencer revenues in the first-quarter increased 2.7%. Pagegroup profit in the first-half surged 18%. Pearson agreed to sell its 22% stake in Penguin Random House to Bertelsmann. Sanofi intends to buy the U.S.-based privately-held vaccines maker.

Abercrombie & Fitch Faces Grim Future, Philip Morris Loses Australian Case

Mukesh Buch
10 Jul, 2017
New York City

Abercrombie & Fitch tumbled after specialty retailer terminated discussions about a potential deal. Helen of Troy net plunged 69%. Philip Morris lost a legal challenge in Australia.

Carillion Tumbles 33%; Almirall Plunges on Inventory Build Up

Sarla Buch
10 Jul, 2017
New York City

Almirall plunged after Spain based drug maker lowered fiscal revenue forecast. Carillion tumbled on profit warning and the construction contractor wrote down

Berkshire to Buy Oncor for $9 B, Campbell Buys Pacific Foods

Mukesh Buch
07 Jul, 2017
New York City

Apache agreed to sell its three units in Canada for $713 million. Berkshire Hathaway Energy to bid for Texas power transmitter Oncor for $9 billion. Campbell Soup plans to acquire privately held Pacific Foods for $700 million. L Brands June sales decline.

Carrefour Falls on Margin Worries, Online Retailer Dunelm Sales Soar

Sarla Buch
07 Jul, 2017
New York City

Altrad Investment agreed to acquire the U.K.-based Cape Plc. Carrefour fell on profit margin worries. Dunelm sales surged on Worldstores acquisition. Comet Holding jumped on strong revenues. Fenner expects improved fiscal year profit. Meyer Burger won contract from REC.

QVC Buys Remaining 62% Stake in HSN, Costco Comparable Sales Up 6%

Mukesh Buch
06 Jul, 2017
New York City

AZZ net tumbled 37% on 14% drop in revenues. Costco comparable sales in June soared. Fred''s same store sales fell. Herman Miller net plummeted. Liberty Interactive QVC agreed to acquire remaining 62% stake in Home Shopping Network. PriceSmart net surged.

AB Food Lifted Forecast; Merck, GE and Canon Face EU Fines

Sarla Buch
06 Jul, 2017
New York City

AB Foods lifted fiscal profit outlook on strong sales at Primark. EU fined Merck, GE and Canon. Novae agreed to be acquired for

Vantiv Agrees to Buy Worldpay, KKR Pursues Australian Lender

Mukesh Buch
05 Jul, 2017
New York City

KKR made non-binding takeover offer to Australia-based Pepper Group for $498 million. Monogram Residential Trust agreed to be acquired by Greystar Real Estate Partners for $3 billion. Vantiv agreed to acquire U.K.-based rival Worldpay for $10 billion.

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