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Ford Estimates Pension Charges to Trim Earnings; GE Net Tumbles

Mukesh Buch
20 Jan, 2017
New York City

American Express net fell 8%. Ford said it may book $3 billion under pre-tax re-measurement loss in fiscal 2016. GE net tumbled 45%. IBM net rose 1%. P&G profit surged and lifted fiscal outlook. Rockwell net jumped 7%. Schlumberger net loss narrowed. SunTrust net slid 4%.

Cautious European Markets, Close Brothers, Edenred, Synthomer in Focus

Sarla Buch
20 Jan, 2017
New York City

Close Brothers said loan book in the first-half jumped 9.3%. Edenred lifted its stake in multi-brand fuel cards player Union Tank Eckstein to 51%. Heineken is in preliminary talk with Brasil Kirin Holding. Synthomer surged on the improving business in Europe and North America.

BNY Mellon, BB&T, Check Point, M&T Bank, PPG Net Soar

Mukesh Buch
19 Jan, 2017
New York City

BNY Mellon net surged 29%. BB&T net soared 18% Check Point Software net jumped 14%. J B Hunt profit edged up but revenues soared 6%. M&T Bank net advanced 22% after loan portfolios grew 15%. PPG net increased 10%. Union Pacific net rose 2%.

BHP Settles $47.5 B Claims in Brazil, Zodiac in

Sarla Buch
19 Jan, 2017
New York City

BHP, Vale and Samarco settled a $47.5 billion civil claim with Brazilian authorities. Credit Suisse settled mortgage securities claims with the U.S. regulator for $5.3 billion. Ahold Delhaize sales jumped 3% to

Citigroup, Goldman Sachs Net Jump; United Continental Net Plunges

Mukesh Buch
18 Jan, 2017
New York City

Citigroup net jumped 7% but revenues declined. CSX net fell 2%. Charles Schwab net and revenues surged. Eli Lilly agreed to acquire CoLucid Pharma for $960 million. Fastenal net rose 3%. Goldman Sachs net jumped four-fold. U.S. Bancorp net was nearly flat. United Continental net tumbled 52%.

Deutsche Bank Settles U.S. Claims for $7.2 B, ASML Net Jumps

Sarla Buch
18 Jan, 2017
New York City

ASML net surged 32% after system selling price soared 35%. Burberry said revenues in the third-quarter jumped 4%. Deutsche Bank settled mortgage securities claims with the U.S. regulator for $7.2 billion. J D Wetherspoon sales rose. Novozymes net jumped 16%. Premier Foods tumbled.

Morgan Stanley Net Doubles on Late Year Rally, UnitedHealth Net Surges

Mukesh Buch
17 Jan, 2017
New York City

Bank of The Ozarks net soared 71%. Comerica net surged 41%. GM plans to invest $1 billion in its U.S. plants to create 1,000 jobs. Morgan Stanley net doubled after trading revenues jumped on election rally. Progress Software declined after net loss widened. UnitedHealth net surged 46%.

BAT Lifts Reynolds Offer, Rolls Royce Settles Bribery Claims

Sarla Buch
17 Jan, 2017
New York City

Alstom reaffirmed revenues to increase 5% each year up to 2020. BAT raised offer to

Luxottica in

Sarla Buch
16 Jan, 2017
New York City

Draegerwerk said net sales in fiscal 2016 slumped 3%. Essilor agreed to acquire Luxottica for

Election Rally Lifts JPMorgan, Wells Fargo and BofA Profits

Mukesh Buch
13 Jan, 2017
New York City

Boeing secured order worth $23 billion for 205 planes from India-based low-cost airliner SpiceJet. Bank of America net surged 48%. BlackRock net fell but raised quarterly dividend. JPMorgan net surged 24% after trading revenue soared. Wells Fargo net declined 5%.

Fraport Traffic Rises 3.9%, Technicolor Missed Operating Profit Targer

Sarla Buch
13 Jan, 2017
New York City

Countrywide net declined 9% and forecasted transaction volumes to fall 6%. Fraport said passenger traffic in December rose 4%. Grafton soared after annual revenues jumped 13%. SIG sales jumped 11%. Technicolor tumbled after operating profit lower than the previous estimate.

Intuitive Surgical Lifts Revenue Outlook; Delta Air, KB Home Net Drop

Mukesh Buch
12 Jan, 2017
New York City

Advanced Drainage Systems net soared 52% but revenues fell. Delta Air Lines net plunged 37%. Intuitive Surgical lifted revenue forecast. KB Home net declined 15% while sales surged 21%. Shaw Communications net tumbled 59.2% and reaffirmed operating outlook.

Richemont Sales Jumps, Sudzucker Lifts Outlook

Sarla Buch
12 Jan, 2017
New York City

Barratt Developments sales soared 16%. Richemont retail sales jumped 12% after sales in Americas and Asia Pacific surged. Hella Kgaa Hueck profit soared 21%. Marks and Spencer group sales jumped 6%. Sodexo revenues fell. Sudzucker lifted revenues forecast.

GM Lifted Earnings Outlook, Supervalu Same Stores Fall

Mukesh Buch
11 Jan, 2017
New York City

Exfo net soared 83%. GM lifted earnings forecast and will buy back additional shares worth about $5 billion. MSC Industrial net and revenues fell. Supervalu net swung to a loss. SYNNEX net surged 37%. Wal-Mart will eliminate more jobs before the end of January.

Airbus Orders Surpass Boeing, Sainsbury Cheers Christmas Sales

Sarla Buch
11 Jan, 2017
New York City

Airbus total deliveries in the year jumped 8% to 688 planes. Cobham tumbled after engineering group said profit in the year declined. Foxtons forecasted revenues to drop 11%. Sainsbury said Christmas sales jumped more than

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