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Credit Suisse Lowers Outlook; Europe Levies

Sarla Buch
07 Dec, 2016
New York City

Credit Suisse plans to reduce total expenses by additional 1 billion francs. European completion authority filed a total of

Actelion Receives Fresh Bid from J&J, GoDaddy Pursues Host Europe

Sarla Buch
06 Dec, 2016
New York City

Actelion received revised takeover bid from Johnson & Johnson for 253 francs. ABN AMRO agreed to sell its private-banking assets in Asia and the Middle East. Drax agreed to buy Opus Energy for

Johnson Controls Lifts Outlook, Sirius Pursues Pandora

Mukesh Buch
05 Dec, 2016
New York City

Chesapeake agreed to sell select energy assets for about $450 million. Consolidated Communications intends to acquire FairPoint Communications for $1.5 billion. Ixia exploring company sale. Johnson Controls lifted fiscal outlook.

European Markets Brush Off Italy

Sarla Buch
05 Dec, 2016
New York City

Italian market index recovers from the early sell off. Air Berlin sold its stake in NIKI to Etihad on

Ascena Surges on Outlook, Workday Plunges 16% on Weak Views

Mukesh Buch
02 Dec, 2016
New York City

Big Lots net swung to profit. Genesco net tumbled 20% and reiterated earnings forecast. G-III net plunged 19%. Five Below net income and sales surged. Ulta Salon net jumped and the retailer lifted fiscal sales outlook. Workday net loss widened.

Aixtron Takeover Blocked Again; Berkeley Net Surges 37%

Sarla Buch
02 Dec, 2016
New York City

Aixtron declined after U.S. blocked the Chinese company from buying Germany-based chip equipment maker. Berkeley profit and revenues surged despite the pending sale contracts declined 20%. G4S agreed to sell its Israel unit.

Parker-Hannifin in $4.3 B Deal with Clarcor; Express, Guess Decline

Mukesh Buch
01 Dec, 2016
New York City

Donaldson on positive outlook. Dollar General declined on weak earnings outlook. Express net plummeted 56% and the retailer lowered comparable sales forecast. Guess profit plunged 27%. Kroger net dropped 9%. L Brands comparable sales in November jumped.

Maersk to Buy Hamburg Sud, Elekta Net Declines 71%

Sarla Buch
01 Dec, 2016
New York City

Maersk agreed to acquire Germany-based Hamburg Sud. Elekta said net tumbled 71% on 16% decline in revenues and medical treatment provider secured two orders for MR-supported linear. Remy agreed to buy the U.S.-based Westland Distillery. Wendel sales jumped 10%.

American Eagle Tumbles on Outlook; Autodesk, Splunk Net Loss Widen

Mukesh Buch
30 Nov, 2016
New York City

American Eagle plunged after the retailer lowered earnings forecast. Autodesk, Nutanix said net loss widened. Royal Bank of Canada profit slid 2% but revenues surged 16%. Titan Machinery net plunged 91%.

Praxair Approaches Linde; Britvic, Greene King, RPC, Sage Profit Jump

Sarla Buch
30 Nov, 2016
New York City

Airbus will reduce as many as 1,164 employees. Britvic soared after profit and revenues jumped 10%. Greene King net increased 5%. Linde rose after Praxair explored a merger. RPC profit soared 80%. Sage subscription growth surged 32%.

Tiffany Earnings Trouble to Extend Next Quarter, Shoe Carnival Tumbles

Mukesh Buch
29 Nov, 2016
New York City

Atkore International net swung to profit but revenues fell. Frontline net slid 3%. Pilgrim''s Pride agreed to buy GNP Co for $350 million. REX American Resources net surged 19%. Shoe Carnival net rose but the retailer lowered its earnings forecast. Tiffany net jumped. Thor Industries net soared 56%.

BT Group Ordered to Separate Network Unit; IG Design, SSP Profit Surge

Sarla Buch
29 Nov, 2016
New York City

U.K. regulatory agency said BT Group to split its network subsidiary Openreach. Countryside Properties profit and revenues jumped on 20% increase in home prices. Crawshaw said sales in November improved. IG Design net soared 63%. SSP Group net surged 35%.

Time Rejects $1.8 B Offer, Centennial to Buy Silverback Exploration

Mukesh Buch
28 Nov, 2016
New York City

Centennial agreed to buy Canada-based Accucaps. Edwards Lifesciences agreed to buy Israel-based privately held Valtech Cardio. OpenGate completed the acquisition of Belgium-based Umicore Zinc Chemicals. LKQ agreed to acquire Sweden-based Mekonomen. Time Inc rejected $18 per share offer.

Aberdeen Asset Outflows Continue; JD Sports and LKQ in Focus

Sarla Buch
28 Nov, 2016
New York City

Aberdeen Asset Management reported strong investment performance but recorded net asset outflows. Aryzta, the bakery products maker said first-quarter revenues fell 3.3%. JD Sports agreed to acquire Go Outdoors. The LKQ agreed to acquire 26.5% stake in Sweden-based Mekonomen.

Actelion Surges on J&J Takeover Talks, UDG Healthcare Net Soars

Sarla Buch
25 Nov, 2016
New York City

Actelion surged on the report of a takeover talks with Johnson & Johnson. Davide Campari-Milano agreed to sell its wine units to Terra Moretti. Pennon Group pre-tax profit surged 20%. UDG Healthcare net vaulted more than three-fold.

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