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Siemens, Volvo Net Soar; Electrolux Net Swings to Profit

Sarla Buch
01 Feb, 2017
New York City

Electrolux net swung to profit and the consumer appliance maker lifted dividend. Julius Baer adjusted group net profit more than doubled. Siemens lifted earnings forecast. Wacker Chemie net tumbled 21%. Volvo profit soared 86%.

Exxon Profit Down on Write-downs, MasterCard Cross-border Volumes Jumps

Mukesh Buch
31 Jan, 2017
New York City

Aetna net tumbled 57%. Danaher reaffirmed earnings forecast. Exxon Mobil reports healthy profit despite impairment charges. Eli Lilly lowered earnings forecast. MasterCard net jumped. Pfizer net swung to profit. United Parcel net swung to a loss.

Shell Divests North Sea and Thailand Assets, UniCredit Loss on Write Down

Sarla Buch
31 Jan, 2017
New York City

Deutsche Bank agreed to settle anti-money-laundering investigation with $630 million payment. Givaudan said sales and profit jumped. H&M net soared 7%. Ocado said pre-tax profits soared. Royal Dutch Shell divested assets in the North Sea and Thailand for

Tempur Sealy Plunges 23%, Fitbit Lowers Outlook Again

Mukesh Buch
30 Jan, 2017
New York City

Affiliated Managers net rose 2% but revenues declined 7%. Booz Allen net tumbled 49% and the engineering consultant lifted revenues forecast but lowered earnings estimate. Enterprise Products net dropped 4%. Fitbit tumbled after weak revenues forecast.

VW Leads in Worldwide Sales, UK Lowered its Lloyds Stake to 5%

Sarla Buch
30 Jan, 2017
New York City

The U.K. Treasury reduced its stake in Lloyds to less than 5%. Sartorius estimated revenues to soar 18% and net to surge 24%. Volkswagen led the auto industry with 10.3 million unit sales surpassing Toyota. Vodafone is in merger talk with Idea Cellular in India.

Alphabet Drops as Advertisers Pay Less, Microsoft Soars on Cloud

Mukesh Buch
27 Jan, 2017
New York City

Alphabet said net income and revenues declined after cost-per-click dropped 15%. Colgate net swung to profit but global unit volume fell 6%. Chevron net swung to profit after revenues soared 8%. General Dynamics net jumped 4%. Honeywell profit plummeted 13% on flat revenues. Microsoft net rose.

Tesco Agrees to Buy Booker for

Sarla Buch
27 Jan, 2017
New York City

BT Group profit plunged 37% but revenues soared 32% on the rising new customer additions. Sabadell net rose while net interest in the year jumped 20%. Tesco agreed to acquire Booker Group for

Comcast Plans $5 B Stock Buy Back, Ford Expects Strong Sales in 2017

Mukesh Buch
26 Jan, 2017
New York City

AT&T net plunged 39%. Biogen net declined 22%. Comcast net soared 15% and media group plans to buy back shares worth up to $5 billion in the next 12 months. Caterpillar net loss widened. Ford net plunged 38%. Qualcomm net slumped 54%. Whirlpool plunged on flat net.

J&J to Buy Actelion for $30 B, Fiat Lifted Outlook

Sarla Buch
26 Jan, 2017
New York City

Actelion agreed to be acquired by Johnson & Johnson for $30 billion. Diageo net and revenues jumped. Ericsson net tumbled on weak sales and demand. Fiat profit nearly doubled and lifted outlook. RBS set aside additional

Boeing Lifts Delivery Target, Hess Lifts Production Spending

Mukesh Buch
25 Jan, 2017
New York City

Abbott net jumped 4%. Alcoa said it expects global aluminum demand to increase 4% in 2017. Boeing said plane deliveries may reach 765 in 2017 surpassing 748 in 2016. Hess reported record quarterly loss. Illinois Tool net soared 13%. Rockwell profit jumped 16%. Grainger net tumbled 21%.

Santander Net Jumps, Novartis Plans $5 B Share Buy Back

Sarla Buch
25 Jan, 2017
New York City

Banco Santander net jumped 4% after lower loan provisions and strong growth in fee income. Novartis profit plunged 11% and Swiss drug-maker plans to buy back shares worth up to $5 billion in the next 12 months. Rio Tinto sells its Australia coal mine for $2.45 billion.

3M, Kimberly Clark, J&J Net Surge; Verizon Net Plunges 17%

Mukesh Buch
24 Jan, 2017
New York City

3M net soared 11.5% and reaffirmed earnings guidance. Alibaba net jumped 38% and revenues advanced 54%. Du Pont net swung to profit. Kimberly Clark net surged 52%. J&J profit jumped 21%. Verizon net plunged 17%. Yahoo! net swung to a loss of $4.4 billion.

BT Group Lifts Italy Write Off, Crest Nicholson Home Prices Advance

Sarla Buch
24 Jan, 2017
New York City

BT Group tumbled after the company discovered more accounting irregularities in its Italian operations. Crest Nicholson profit and revenues surged after average home price and home volumes rose. Dixons Carphone said revenues soared 8%. PZ Cussons net plunged 36%.]

BNC Bancorp in $1.9 B Deal with Pinnacle, McDonald's Net Falls

Mukesh Buch
23 Jan, 2017
New York City

BNC Bancorp agreed to be acquired by Pinnacle Financial for $1.9 billion. Sierra Bancorp net rose 3% and revenues jumped 16%. Halliburton net swung to a loss. McDonald''s net fell 1% but same store sales rose 2.7%. Petmed net plunged 8%.

AMC Agrees to Buy Nordic Cinema, Shell to Sells Stake in Saudi Arabia Venture

Sarla Buch
23 Jan, 2017
New York City

Intesa Sanpaolo is reported to consider a stake in Generali. Nordic Cinema agreed to be acquired by the U.S.-based AMC Entertainment for $929 million. Paddy Power Betfair annual revenues surged 18%. Shell agreed to sell its 50% stake in Shell Arabia to SBIC for $820 million.

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