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Honeywell Reaffirms Q4 Outlook; Adobe Net Surges, Oracle Net Plunges

Mukesh Buch
16 Dec, 2016
New York City

Adobe net surged 79% on 23% jump in revenues. Cognizant agreed to acquire Australia-based insurance group Adaptra. Honeywell reaffirmed fourth-quarter earnings forecast. Ingles Markets net declined 12%. Jabil Circuit net tumbled 33%. Oracle profit dropped 7%.

EDF Lowered 2017 Outlook, Actelion One Step Closer to CHMP Approval

Sarla Buch
16 Dec, 2016
New York City

Actelion jumped after the European regulatory advisory committee issued positive opinion for the treatment of T-cell lymphoma. EDF lowered profit outlook for fiscal 2017. Johnston Press agreed to sell its unit to Iliffe News and Media.

21st Century Fox Moves on Sky Stake, Nucor Lowers Outlook

Mukesh Buch
15 Dec, 2016
New York City

Nucor lowered earnings outlook. RMR net income and revenues soared. Scholastic net jumped 5% and reaffirmed revenue forecast. Sanderson Farms net nearly tripled. Smart Sand net swung to a loss. 21st Century Fox agreed to acquire remaining stake in Sky for $23.4 billion.

21st Century Fox to Acquire Remaining Stake in Sky, Just Eat in Two Deals

Sarla Buch
15 Dec, 2016
New York City

Just Eat, the online food ordering platform continued its global expansion with a deal in Canada and in Europe. Lufthansa intends to acquire remaining 55% stake in SN Airholding. Sky agreed to be acquired by 21st Century Fox for

Alaska Air Completes Virgin Acquisition; Heico, Nordson Net Surge

Mukesh Buch
14 Dec, 2016
New York City

Alaska Air completed acquisition of Virgin America. ABM Industries tumbled 80%. Heico said net income and revenues surged. Joy Global net loss narrowed while revenues declined 24%. Nordson profit soared 53% on 14% jump in revenues. Value Line net plunged 25%.

Dixons, Inditex Net Jump; Punch Taverns in Play with Two Bids

Sarla Buch
14 Dec, 2016
New York City

Fashion retailer Boohoo.Com acquired 66% stake in rival Pretty Little Thing and lifted operating profit forecast. Dixons Carphone profit surged but offered cautious outlook. Heinken is considering two proposals for Punch Taverns. Inditex profit jumped 9%.

Patterson to Buy Seventy Seven Energy for $1.8 B, VeriFone Net Swings to Loss

Mukesh Buch
13 Dec, 2016
New York City

GMS net surged on 29% jump in revenues. Investors Real Estate Trust net tumbled 37%. KMG Chemicals profit soared 24%. Patterson-UTI Energy agreed to acquire Seventy Seven Energy for $1.8 billion. VeriFone net swung to a loss.

Asahi to Buy 5 Brands of AB InBev, UniCredit to Raise

Sarla Buch
13 Dec, 2016
New York City

AB InBev agreed to sell its five beer brands to Japan-based rival Asahi Group for

Redstone Withdraws Viacom-CBS Proposal; Boeing and Iran in $17 B Deal

Mukesh Buch
12 Dec, 2016
New York City

Boeing agreed to sell 80 jetliners to Iran Air at a list price of $16.6 billion. CBRE agreed to buy a shopping centre developer. Johnson Outdoors net swung to a loss but revenues soared. The Redstone family withdrew its proposed consolidation of Viacom and CBS.

Eni Sells Egyptian Gas Field Stake, Intesa to Finance Glencore Rosneft Deal

Sarla Buch
12 Dec, 2016
New York City

Italy controlled Eni agreed to sell its 30% stake in Egypt-based gas field to Rosneft for $1.6 billion. e2v Tech agreed to be acquired by Teledyne for

Finisar at New 5-Year High; Vail Resorts Reports Weak Q1 Results

Mukesh Buch
09 Dec, 2016
New York City

Cooper net surged 65% on 14% jump in revenues. Finisar net more than doubled. Ferrellgas Partners net loss narrowed after sales soared 22%. Fred''s net swung to a loss. Vail Resorts net loss widened to $63 million.

Amundi to Raise

Sarla Buch
09 Dec, 2016
New York City

Amundi plans to sell new shares up to

Rosneft Sells 20% Stake to Glencore, Qatar Funds; UniCredit Sells Polish Stake

Sarla Buch
08 Dec, 2016
New York City

Capita tumbled after fiscal outlook. Glencore and Qatar sovereign fund agreed to buy 19.5% stake in Rosneft for

Roper to Buys Deltek for $2.8 B, Verizon Divests Data Centres

Mukesh Buch
06 Dec, 2016
New York City

AutoZone net soared 8%. Barnes & Noble Education net declined 12% but lifted sales forecast. HD Supply net tumbled 76% and reaffirmed on sales outlook. Michaels net slid. Roper agreed to acquire smaller rival Deltek for $2.8 billion. Verizon to sell 29 data centres in $3.6 billion.

Curtiss-Wright Acquires Teletronics, Vera Bradley Lowers Outlook

Mukesh Buch
07 Dec, 2016
New York City

Brown-Forman revenues fell. Curtiss-Wright agreed to acquire Teletronics Technology Corp. for $233 million. Hooker Furniture net advanced 39%. John Wiley net swung to a loss. Korn/Ferry net soared 68%. Vera Bradley net plunged and the retailer lowered outlook.

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