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Valeant Sells Brands to L'Oreal; Big Yellow, Just Eat, Phoenix in Focus

Sarla Buch
10 Jan, 2017
New York City

Big Yellow said revenues in the third-quarter jumped 7%. L''Oreal agreed to buy three skin care brands from Valeant Pharma. The insurer Phoenix cash flow exceeded the target. Total SA increased its stake in Uganda oil field.

Takeda to Acquire Ariad Pharma, Alibaba Acquires Chinese Retailer Intime

Mukesh Buch
10 Jan, 2017
New York City

Alibaba will finance $2.6 billion for a department store chain to private. Ariad Pharma agreed to be acquired by Japan-based Takeda for $5.2 billion. Schulman net tumbled 79%. Barracuda net swung to profit. Lamb Weston net soared 19%. Yahoo said most board members will step down after Verizon deal.

McDonald's Sells China Unit, Mars to Buy VCA for $9.1 B

Mukesh Buch
09 Jan, 2017
New York City

Acuity Brands net surges 19% on 16% jump in revenues. Commercial Metals net plunged 75%. Global Payments net tumbled. McDonald''''s agreed to sell stake in China and Hong Kong. Mars plans to buy VCA for $9.1 billion. UnitedHealth agreed to buy Surgical Care for $2.3 billion.

Lufthansa Drops 5%, Ipsen to Acquires Merrimack Pharma

Sarla Buch
09 Jan, 2017
New York City

Deutsche Lufthansa estimated higher fuel costs in fiscal 2017 and didn

Verizon Casts Doubt on Yahoo Acquisition, Ruby Tuesday Tumbles

Mukesh Buch
06 Jan, 2017
New York City

AZZ net tumbled 23% on 6% decline in revenues. AngioDynamics net swung to profit. Greenbrier jumped despite net and revenues plunged. PriceSmart net jumped 5%. Ruby Tuesday net loss widened after revenues slumped 18%. Verizon is unsure about Yahoo purchase.

Private Equity Firms to Buy Payment Processor Concardis, EasyJet Traffic Rises

Sarla Buch
06 Jan, 2017
New York City

Private equity firms are close to acquiring Germany-based payment service provider Concardis for

Cato, L Brands, Macy's December Sales Fall; Walgreens Net Declines

Mukesh Buch
05 Jan, 2017
New York City

Boeing wins orders of 80 737 long range aircrafts worth $8.8 billion. Constellation Brands net surged 50%. Cato December same-store sales declined 12%. Gartner agreed to buy CEB for $3.3 billion. L Brands comparable sales slid. Macy''s comparable sales fell 2.1%. Walgreens net dropped.

Air Liquide Buys Serdex from Bayer; Churchill China, Persimmon Jump

Sarla Buch
05 Jan, 2017
New York City

Air Liquide agreed to acquire beauty and healthcare ingredients maker Serdex from Bayer. U.K. based home builder Persimmon said revenues in the year soared 8% to

Ford, GM December Sales Jump; Alcoa Writes Downs Assets

Mukesh Buch
04 Jan, 2017
New York City

Alcoa estimated $121 million restructuring charges linked international operations. DCP Midstream Partners acquired assets of Phillips 66 and Spectra Energy. Ford reported record annual sales in a decade and GM sales increased 3.6% in December.

Intesa Arranges $5.4 B for Glencore Deal, Next Tumbles 12%

Sarla Buch
04 Jan, 2017
New York City

Intesa Sanpaolo finalized up to

Autoliv and Volvo in Driver Assist Software Deal, SM Sells Eagle Ford Assets

Mukesh Buch
03 Jan, 2017
New York City

Autoliv and Volvo signed a deal to develop software for driver assistance systems. Delek agreed to buy Alon USA Energy for $868 million. Intel plans to acquire Germany-based digital map maker. SM Energy agreed to sell Eagle Ford shale energy assets for $800 million.

BBA and Gama in Aviation Deal, LSE to Sell Derivative Unit

Sarla Buch
03 Jan, 2017
New York City

BBA Aviation plans to merge its U.S. aircraft management and charter business with Gama Aviation. Dassault Aviation reduced its share capital by 9.6%. LSE agreed to sell its derivative unit to the Euronext for

Iran Ramps Up Aircraft Purchases, Axa Sells Bluefin to Marsh

Sarla Buch
02 Jan, 2017
New York City

Airbus and Iran are expected to sign a contract next week for 20 ATR 72-600 short-haul passenger plane. AXA completed the sale of Bluefin at a much reduced price than originally estimated for

Fairfax Wins Approval to Buy Indian Lender, Iconix Sells Sharper Image

Mukesh Buch
30 Dec, 2016
New York City

Fairfax Financial received preliminary regulatory approval to buy a 51% stake in South India based Catholic Syrian Bank. General Cable agreed to pay U.S. penalty for bribing foreign officials. Iconix Brand agreed to sell the home electronics retailer Sharper Image for $100 million.

Indexes in U.K. and Europe Surge in Final Quarter and in 2016

Sarla Buch
30 Dec, 2016
New York City

Despite Brexit fears, indexes in the U.K. and Europe surged in the quarter and extended the halted rally in the year. Hammerson agreed to sell 50% stake in Watermark to its Singapore-based partner GIC. ICAP completed the sale of its global hybrid broking business to Tullett Prebon for

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