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Bezos Sells $1 B Amazon Stake a Year to Finance Space Venture

Mukesh Buch
06 Apr, 2017
New York City

Jeff Bezos said the sale of $1 billion Amazon stock every year is financing his space venture. Constellation Brands net surged 86%. CarMax net surged. Fred''''s net loss widened. Hooker Furniture net surged. Lamb Weston net plunged 22%. MSC Direct net jumped 8%. RPM Intl net tumbled.

Unilever Restructures to Juice Returns, Henkel Offers Optimistic Outlook

Sarla Buch
06 Apr, 2017
New York City

BTG reaffirmed upper end of revenue forecast. Co-op Group net swung to a loss and wrote down stake in bank. Electrocomponents profit jumped on 5% increase in revenues. Henkel forecasted improving outlook. Unilever said it merges two food business units to improve margins and cut costs.

Panera Bread in $7.5 B LBO Deal; Monsanto, Walgreens Net Soar

Mukesh Buch
05 Apr, 2017
New York City

Schulman net swung to profit. Greenbrier revenues plunged 15%. Monsanto profit and revenues surged. Panera Bread agreed to be acquired by JAB Holding for $7.5 billion. Staples is looking for a buyer. Walgreens net jumped 14%.

Galliford Rejects Bovis Deal, Syngenta Merger Won EU and U.S. Approvals

Sarla Buch
05 Apr, 2017
New York City

Allied Minds to book write-down and cuts the funding for seven subsidiaries. Galliford Try rejected

Boeing Signed Iran Deal, HP Enterprise Lowered Outlook

Mukesh Buch
04 Apr, 2017
New York City

Acuity Brands tumbled on weak second-quarter result. Conn`s surged on improved forecast. Boeing signed a deal to sell 30 737 Max single-aisle planes to an Iranian airline. CIT completed the sale of 30% stake in two aviation business. Hewlett Packard Entp lowered earnings forecast.

ASOS Lifted Outlook, ABB Agrees to Buy B&R

Sarla Buch
04 Apr, 2017
New York City

The fast growing UK. Based online retailer ASOS lifted sales forecast. ABB agreed to acquire automation company Bernecker & Rainer. BNP Paribas agreed to buy domestic online payment services provider. Elior agreed to acquire Lancer Hospitality. Toshiba plans to buy 40% stake in Engie.

U.S. Auto Sales Growth Halts After A Decade-Long Rise, Tesla Sales Surge

Mukesh Buch
03 Apr, 2017
New York City

Apple terminated its contract with the U.K.-based video chip supplier Imagination Technologies. Fiat Chrysler U.S. auto sales in March dropped 5%, Ford sales plummeted 7.2% but General Motors sales increased 1.6%. Tesla first-quarter sales surged 69%.

Atkins Surges on SNC Offer, Imagination Plunges After Apple Terminates Deal

Sarla Buch
03 Apr, 2017
New York City

WS Atkins received

DuPont in asset-swap deal with FMC, BlackBerry Soars with Profit on Horizon

Mukesh Buch
31 Mar, 2017
New York City

BlackBerry soared after net loss narrowed and said the company is expected to be profitable on an adjusted GAAP basis. Du Pont is in asset-swap deal with FMC Corp. Eagle Bulk Shipping said net loss widened. Silver Lake Partners and Broadcom offered $18 billion for chip unit of Toshiba.

DAX Leads First Quarter Gains Europe, J&J Bids for Actelion

Sarla Buch
31 Mar, 2017
New York City

Actelion received tender offer from Johnson & Johnson. Danone said it will sell its U.S. subsidiary Stonyfield to meet the regulatory requirements fo WhiteWave foods purchase. DX Group is in talks to acquire John Menzie. Phoenix Solar lifted revenue forecast.

Lululemon Tumbles on Weak Outlook;VF, Worthington Decline

Mukesh Buch
30 Mar, 2017
New York City

Dell Technologies said net loss widened but revenues soared. Lindsay net swung to profit. Lululemon tumbled on disappointed sales forecast. SAIC net soared 28%. VF plans for the five-year period through 2021. Worthington Ind net jumped 21%.

Booker Agrees to Merge with Tesco, H&M Drops on Inventory Worries

Sarla Buch
30 Mar, 2017
New York City

Booker agreed to be acquired by Tesco for

Westinghouse Files for Chapter 11, Vertex Surge on Positive Phase 3 Trial

Mukesh Buch
29 Mar, 2017
New York City

Paychex profit surged after improved segment revenues. Secureworks net loss narrowed after 26% jump in revenues. Westinghouse owned by Toshiba filed for bankruptcy protection. UniFirst revenues jumped. Verint net plunged. Vertex Pharma surged after positive phase 3 trial.

EU Blocks LSE and Deutsche Boerse Merger, TUI Reaffirms Outlook

Sarla Buch
29 Mar, 2017
New York City

The EU blocked

Amazon Acquires Middle East Rival, Darden Buys Southern Chain Cheddar

Mukesh Buch
28 Mar, 2017
New York City

Amazon agreed to buy Dubai-based Souq.com for $800 million. At Home net tumbled. Carnival lifted fiscal outlook. Darden agreed to acquire Cheddar

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