The Week Ahead: Fed meeting, Bayer and A-B earnings, Carmike vote

Here’s a look at some of the stories Missouri Business Alert is tracking this week:


Carmike Cinemas, the Georgia-based movie theater chain that in March announced plans to be acquired for $1.1 billion by Leawood, Kan.-based AMC Entertainment Holdings, will hold a special meeting of stockholders to vote on the proposed buyout. After experiencing setbacks in its plan to buy Carmike, AMC earlier this month announced its intention to purchase Odeon & UCI Cinemas Group, Europe’s largest theater chain. Meanwhile, an advocacy lawyer in New York has led a push against the AMC-Carmike deal, citing concerns about the Leawood company’s Chinese owner, Dalian Wanda Group.

Local companies scheduled to release quarterly earnings include Express Scripts and Sprint.

Other companies set to report financial results include Kimberly-Clark, Rockwell Collins and Texas Instruments.


The Census Bureau will release numbers on new home sales for June. Forecasters expect sales of 562,000 for the month, Bloomberg reports, following gains of 551,000 in May and 586,000 in April.

Local companies scheduled to release quarterly earnings include AmdocsCenteneEuronet WorldwidePanera BreadUMB Financial and Waddell & Reed.

Other companies set to report financial results include 3M, Apple, BP, Caterpillar, McDonald’s, United States Steel and Verizon.


The Federal Reserve Bank’s Federal Open Market Committee will conclude its two-day meeting with an announcement about plans for the federal funds rate target. The rate is expected to remain unchanged, with concerns about Britain’s departure from the European Union overriding strengthening U.S. economic data, Bloomberg reports.

Bayer, the German chemical and pharmaceutical company that has made two takeover bids for Creve Coeur-based Monsanto since late May, is scheduled to report earnings and hold a conference call. Monsanto last week announced that its board viewed Bayer’s latest offer as financially inadequate.

Companies of local interest scheduled to release quarterly earnings include BoeingGarmin and O’Reilly Automotive.

Other companies set to report financial results include Airbus, Anthem, BlackRock, Coca-Cola, Comcast, Facebook, Fiat Chrysler, Gannett and T-Mobile US.


The Federal Reserve Bank of Kansas City will release its monthly manufacturing survey, providing information on the state of manufacturing activity in the Fed’s Tenth District.

Local companies scheduled to release quarterly earnings include American Railcar Industries, Enterprise Financial Services, Leggett & Platt, Reinsurance Group of America and YRC Worldwide.

Other companies set to report financial results include Alphabet, Amazon, ConocoPhillips, Dow Chemical, Ford Motor, MasterCard, New York Times, Royal Dutch Shell and Volkswagen.


The Commerce Department will release its first estimate for the country’s second-quarter gross domestic product. The consensus projection calls for a gain of 2.6 percent, which would mark a substantial improvement over the 1.1 percent growth seen in the first quarter, Bloomberg reports.

Anheuser-Busch InBev is scheduled to report earnings, fresh off winning U.S. regulatory approval for its acquisition of SABMiller. A-B InBev, the Belgian parent company of St. Louis-based Anheuser Busch, agreed to sell off its Miller brands in the U.S. and make other concessions to get the green light from antitrust regulators.

Other companies set to report financial results include Audi, Barclays, Chevron, Cigna, Exxon Mobil, Merck, United Parcel Service and Xerox.


From pig races to cooking demonstrations to a parade, there’s a full day of activity on tap at the Ozark Empire Fair in Springfield. The fair, which runs from July 28-Aug. 6, celebrates its 80th anniversary this year.


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