(DD) and Dow Chemical
(DOW), two giants in the basic chemicals industry
, are combining in a merger-of-equals deal
. Subject to regulatory approval, DuPont shareholders will receive 1.22 shares of the new company, to be named DowDuPont, for each of their shares, while Dow holders will receive stock on a one-for-one basis. DowDuPont will eventually separate into three publicly traded companies with a focus on agriculture, material science, and specialty products. How does this deal impact
the companies' near- and long-term prospects
of McDonald's pulled back
this morning even though the restaurant operator reported better-than-expected fourth-quarter financial results
, including positive global same-store sales.
StockHighlightsDow 30 Earnings Procter and Gamble Second Quarter Fiscal 2017Household goods conglomerate Procter & Gamble (PG Free P&G Stock Report) recently reported fiscal second quarter earnings (year ends June 30th). Share net increased almost 4% year over year, to $1.08,
StockHighlightsDow 30 Earnings International Business Machines Fourth Quarter 2016International Business Machines (IBM Free IBM Stock Report), a worldwide provider of computer systems, software and services, and a member of the Dow 30, has reported December quarter and 2016 full year
Industrial conglomerate General Electric
(GE) has reported results for the fourth quarter and full year of 2016
. The company's showing fell short on the revenue side of the coin, but was about on par with Wall Street's reduced expectations on the earnings front. Troubles in the oil & gas patch were the top line's primary challenge, though a coming merger with Baker Hughes should help in that regard.
(AXP), a Dow-30 component and one of the world's largest providers of credit cards, has reported December-period financial results
. For the quarter, share earnings were $0.88, which was well below our expectation, as well as Wall Street's consensus estimate. Increased marketing and promotional expenses were the main culprits behind the lower-than-expected earnings. What's more, revenues came in at $8.0 billion, which was 4% below the year-earlier tally.
With an improving operating climate, investors were okay with Goldman Sachs’ fourth-quarter revenues and earnings. Share activity, though, was somewhat muted.
of UnitedHealth Group pulled back even after
the company reported healthy top- and bottom-line growth
for the December quarter.
and Dow-30 member JPMorgan Chase & Co.
(JPM) tops expectations
in the fourth quarter
Business prospects for The Kroger Company
(KR) are mixed. The company, along with the grocery store segment as a whole, has been dealing with some headwinds in recent quarters. These include a deflation in food prices, particularly for staples like eggs, milk, and meat, which has pressured same-store sales growth. Competition is also on the rise
, as the company has to deal with both traditional competitors from the grocery sector, and non-traditional players that have been increasing their food-related revenues.