Earnings season is here for the first time since a flurry of Missouri merger-and-acquisition activity over the last several weeks. That means interested parties outside the corporate boardroom will have a window into the inner workings of several prominent companies right as they’re buying — or being bought by — erstwhile rivals.
The week offers a sort of ABCs (that is, Anheuser-Busch InBev, Bayer and Cabela’s) of big M&A.
Here’s a look at those and other top stories Missouri Business Alert is tracking this week:
The Ewing Marion Kauffman Foundation says its CEO, Wendy Guillies, will make “a major announcement” about a new effort “to accelerate capital formation expertise” in Kansas City and across the region.
Car-sharing service Zipcar will celebrate its expansion into downtown Kansas City. Local officials, including Mayor Sly James, are expected to join Zipcar representatives at the event, the Kansas City Star reports.
Springfield’s eFactory will host a demo day for the first class of its eFactory Accelerator. Four startups are part of the inaugural cohort, which started in August. The eFactory is taking applications through Nov. 25 for its second accelerator group, which begins in late February.
The Missouri Technology Corporation’s investment committee is scheduled to meet.
James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, will deliver a keynote speech at the Association for University Business and Economic Research fall conference in Fayetteville, Ark.
Local companies scheduled to release quarterly earnings include Compass Minerals and Enterprise Financial, which is reporting results for the first time since it announced its acquisition of Jefferson County Bancshares earlier this month.
Additional companies set to report financial results include Eastman Kodak, Sonic, T-Mobile US Inc. and Visa.
The Missouri Housing Development Commission continues its public hearings to review and take public comment on residential developments seeking loan funds and low-income housing tax credits for the 2017 fiscal year. Following Tuesday’s hearing in Springfield, hearings are scheduled for St. Louis on Wednesday and Thursday.
TD Ameritrade Holding Corp., the holding company for online brokerage TD Ameritrade, is scheduled to report earnings and hold a conference call. The call comes amid growing speculation that TD Ameritrade will acquire Scottrade, the St. Louis-based online brokerage. The St. Louis Business Journal reported Saturday that the sale would be announced Monday.
Sprint is scheduled to release earnings and hold a conference call. The Overland Park, Kan.-based telecom company released unaudited third-quarter results last week, one week ahead of schedule, reporting gains in subscribers and revenue. But the company did so with the caveat that official results could be different.
Additional companies set to report financial results include 3M, Apple, AT&T, Caterpillar, Chipotle Mexican Grill, General Motors, KKR, Lexmark International, Procter & Gamble, and Under Armour.
The Census Bureau will report new home sales for September. After a strong summer of sales that saw figures 25 percent higher than last summer, supply is low and forecasters expect a small decrease in the number of new homes sold, according to Econoday.
The Missouri Economic Development Council’s fall conference begins in Columbia. The event, which features a variety of programming focused on economic development efforts across the state, runs through Friday.
Bayer, the German chemical and pharmaceutical company that has agreed to acquire Creve Coeur-based seed maker Monsanto, will report quarterly earnings and hold a conference call. It’s the first quarterly check-in for the German company since it agreed to a $66 billion deal for Monsanto in September.
Additional companies set to report financial results include the Carlyle Group, Coca-Cola, Comcast, Southwest Airlines, State Street, Tesla Motors and Texas Instruments.
The Federal Reserve Bank of Kansas City will release its monthly survey of manufacturers in its region, providing a glimpse of manufacturing activity for October in the Fed’s 10th District.
Cabela’s, the Nebraska-based retailer of outdoor sports merchandise, will release quarterly results but won’t hold a conference call or offer guidance. That’s due to the retailer’s pending deal with Bass Pro Shops, the Springfield-based outdoor retailer that earlier this month announced it was acquiring Cabela’s for $5.5 billion.
Deutsche Bank will report earnings and hold a conference call. The bank, Germany’s largest, has endured a difficult 2016 that has brought job cuts, the sale of assets and the suspension of dividends, Bloomberg reports. But the bank got a boost from big tobacco when it was chosen as lead financial adviser and sponsor on British American Tobacco’s planned $47 billion acquisition of Reynolds American.
Additional companies set to report financial results include Aetna, Alphabet, Amazon, Blackstone Group, Dow Chemical, Ford Motor, Gannett, Kia Motors, LinkedIn, Twitter, UPS and Volkswagen.
The Commerce Department will release the advance estimate of U.S. gross domestic product for the third quarter. The consensus estimate for the figure is an increase of 2.5 percent, which would be the highest in five quarters, according to Econoday.
The Missouri Technology Commission will hold its annual public hearing at the Donald Danforth Plant Science Center in St. Louis. The commission, a public-private partnership created to boost entrepreneurship and high-tech companies in the state, has adjourned this annual meeting after less than 10 minutes each of the last several years, according to official minutes, due to lack of comments brought to the board.
A-B InBev, the world’s largest brewer and parent company of St. Louis-based Anheuser-Busch, will report earnings and hold a conference call for the first time since completing its acquisition of SABMiller, formerly the No. 2 global brewer.
Additional companies set to report financial results include Apollo Global Management and Exxon Mobil.
The Barbecue Hall of Fame will welcome its newest members in one of the many events taking place during the annual American Royal Barbecue. The barbecue event begins Thursday and runs through Sunday at the Kansas Speedway.
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