Tuesday, May 1, 2018

Arconic Inc. (ARNC) Plunged To A New Low On Outlook

Arconic Inc. (ARNC) reported first quarter adjusted EPS of $0.34 Monday morning, compared to $0.33 a year ago. The consensus estimate was for EPS of $0.33. The company also updated its full year outlook due to rising aluminum prices.

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DCT Industrial Trust Inc. (DCT) Surged To A New High After Bought By Prologis

DCT Industrial Trust Inc. (DCT) announced Monday morning that it has agreed to be acquired by Prologis for $8.4 billion in a stock-for-stock transaction.

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BP Plc Q1 RC Profit Climbs, Tops View

British energy giant BP Plc reported Tuesday higher replacement cost profit in its first quarter, as revenues were benefited by increased production and prices. Looking ahead, the company expects Upstream segment's second-quarter reported production to be lower sequentially, reflecting the expiration of the Abu Dhabi offshore concession..

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Sprint and T-Mobile try again, but antitrust hurdles remain the same

The two wireless carriers argue that a merger would benefit customers, but analysts, and our columnist, are skeptical about the deal’s chances.

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Sainsbury's, Asda merger is capitalism at work: M&G

M&G Fund Manager Eric Lonergan and Freddie Lait, founder and CIO at Latitude Investment Management, discuss the U.K. supermarkets' merger.

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Sainsbury's and Asda merger positive for sector, expert says

Freddie Lait, founder and CIO at Latitude Investment Management, speaks about competition within the U.K. food retail space.

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European Markets May Stay Rangebound Amid Thin Volumes

With several markets closed for Labour Day holiday, volume of business in European markets, where trading will be on today, is expected to be quite thin.

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