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SUV and Truck Sales Lift CarMax; FedEx Net Swings to Profit

Mukesh Buch
21 Jun, 2017
New York City

Actuant declined after the industrial products maker lowered fiscal outlook. Adobe reported better than expected results on the surge in cloud revenue. FedEx lifted dividend. CarMax net jumped 5%. Korn/Ferry net soared. Red Hat sustained revenue momentum.

Prosiebensat Sells Swedish Unit; Whitbred Jumps on Hotels, Costa Momentum

Sarla Buch
21 Jun, 2017
New York City

Centrica sells two power plants to Czech power producer. The investment manager IP Group offers to buy rival Touchstone for $587 million. Prosiebensat 1 sells its Swedish online travel agency for

Boeing Outlook Anchors on Asia, Parexel Agrees to Go Private

Mukesh Buch
20 Jun, 2017
New York City

Boeing revised higher its industry outlook for the next decade. CAI International lifted second-quarter forecast. Lennar net fell 2% but revenues soared 17%. Parexel agreed to go private for $5 billion.

Barclay

Sarla Buch
20 Jun, 2017
New York City

Barclay

France Based Engie Buys Stake in Tabreed, PerkinElmer to Buy Euroimmun

Sarla Buch
19 Jun, 2017
New York City

Engie agreed to buy 40% stake in Dubai-based National Central Cooling Co. Europcar agreed to acquire rival Goldcar in a

EQT in $6.7 B Deal with Rice Energy, AerCap orders 30 Boeing 787-9 Jets

Mukesh Buch
19 Jun, 2017
New York City

EQT agreed to buy Rice Energy for $6.7 billion. Hess agreed to sell its enhanced oil recovery assets in Permian Basin in Texas. Lockheed Martin and Tata agreed to make F-16s in India. Stryker agreed to buy Novadaq.

Amazon Targets Grocery Business with Whole Foods Purchase

Mukesh Buch
16 Jun, 2017
New York City

Amazon agreed to acquire Whole Foods Market, Inc for $13.7 billion. Google faces $1.1 billion fine from the European Commission. Booz Allen is under SEC investigation for its billing practices. Wal-Mart agreed to buy online retailer Bonobos for $310 million.

BP and Reliance to Invest $6 B in India, Nestle May Sell US Candy Business

Sarla Buch
16 Jun, 2017
New York City

BP and India-based Reliance Ind plans to invest $6 billion in Krishna-Godavari (KG) basin. JCDecaux wins exclusive advertising contract in Panama Airport. Nestle is exploring options for its U.S. confectionery business. Tesco reported its strongest result in seven years.

Kroger Faces Perfect Grocery Industry Storm, Jabil Swings to Loss

Mukesh Buch
15 Jun, 2017
New York City

Alere said net loss in the quarter widened. Bob Evans net surged on the sale of restaurant unit. CSW Industrials net soared 42%. Jabil Circuit net swung to a loss. Kroger tumbled after profit declined 56% and the retailer lowered earnings forecast.

DFS Issues Earnings Warning, Drax Declares Dividend Plan

Sarla Buch
15 Jun, 2017
New York City

DFS Furniture issued earnings watch on sharp decline in demand. Drax Group plans to pay annual dividend of

H&R Block Jumps on Earnings Surprise, Culp Gains on Earnings Beat

Mukesh Buch
14 Jun, 2017
New York City

Culp Inc, the mattress maker said net income soared 32% and forecasted improved profit. H & R Block net jumped 12%. Liberty Tax said revenues jumped 7%. Motorcar Parts of America extended its five-year sales growth record.

Hexagon Discusses Merger with Rivals, Inditex Net Surges 18%

Sarla Buch
14 Jun, 2017
New York City

British American Tobacco plans to expand its vapor business as full-year cigarette volume is estimated to decline. Deutsche Boerse lifted profit estimate to increase as much as 15%. Hexagon surged on possible sale. Inditex profit jumped. WH Smith sales soared.

Verizon Merges Yahoo and AOL, Gymboree Filed for Chapter 11

Mukesh Buch
13 Jun, 2017
New York City

Axovant Sciences jumped after net surged 56%. Gymboree filed for Chapter 11 and seek to close s many as 450 stores. John Wiley & Sons profit soared. Tidewater net loss widened. Verizon today completed the acquisition of Yahoo.

Allied Irish Banks IPO to Raise

Sarla Buch
13 Jun, 2017
New York City

Ashtead group profit jumped after strong growth in the U.S. and in the U.K. Allied Irish Banks plans to raise up to

Aldi Plans $5 Billion U.S. Investment, Glencore Bids for Rio Coal Assets

Sarla Buch
12 Jun, 2017
New York City

Aldi plans to invest $3.4 billion in the U.S. for major expansion in next five-years. France based Dassault agreed to acquire Netherlands-based AITAC. Glencore offered $2.5 billion to Rio Tinto for its Australia-based coal assets. Stanley Gibbons is searching for a buyer.

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