- Lucy Stoeva
- 24 May, 2016
- New York City
European stocks changed direction and moved higher as bank stocks advanced, while exporters received a boost from the weakening euro. French appliance maker SEB SA agreed to buy WMF for
- Mukesh Buch
- 24 May, 2016
- New York City
AutoZone net and sales jumped. America''s Car-Mart net tumbled 53%. Best Buy profit surged 78% but the retailer lowered second-quarter outlook. DSW net plunged 37%. Kirkland''s net fell 64%. Nordson net declined 65% but revenues rose 9%. Toll Brothers net jumped 9%. Valspar net slid 11%.
- Lucy Stoeva
- 23 May, 2016
- New York City
European stocks recorded losses in a volatile session Monday. Economic activity in the euro zone slowed down in May, according to a private survey. Bayer AG offered to buy the U.S. based Monsanto for $62 billion. Fiat Chrysler may be prohibited from selling cars in Germany due to emission rules.
- Mukesh Buch
- 23 May, 2016
- New York City
Ares Capital intends to acquire American Capital for $3.4 billion. GE agreed to invest $3 billion in Saudi Arabia with $2 billion in the same sectors after next year. General Atlantic agreed to buy majority stake in the oil price reporter Argus Media for $1.45 billion.
- Mukesh Buch
- 20 May, 2016
- New York City
Buckle profit and sales declined. Campbell Soup profit rose. Deere & Co net plunged 28%. Foot Locker net and sales jumped 4%. The Gap profit tumbled 47% and closed 53 Old Navy stores in Japan. Ross Stores net rose 3%.
- Lucy Stoeva
- 19 May, 2016
- New York City
Stocks in Europe traded sharply lower after a missing EgyptAir plane dragged down shares of travel companies. The prospects of a U.S rate hike and a stronger dollar weighed on resource stocks. Thomas Cook plunged 18% on a lower full-year outlook.
- Mukesh Buch
- 19 May, 2016
- New York City
Advance Auto Parts net jumped 7%. Brady net surged 22%. Cato lowered earnings outlook. Cisco net dropped 4%. Dicks Sporting declined 10%. L Brands net tumbled 39% and the retailer lowered earnings forecast. Stein Mart net rose. Toro net soared. Stage Stores plunged 18%.
- Lucy Stoeva
- 18 May, 2016
- New York City
Trading in Europe was volatile on Wednesday, but markets staged a late rebound. Burberry fell 2.2% after reporting an 8% drop in profit. Sonova tumbled 6.8% after the Swiss hearing aid maker missed its full-year sales and profit targets.
- Mukesh Buch
- 18 May, 2016
- New York City
Analog Devices net plunged 17% and revenues fell 5%. Booz Allen profit surged 51%. Lowe''s net surged 31%. Staples lowered sales outlook and said net declined 18%. Target profit fell on 5% fall in revenues.
- Mukesh Buch
- 17 May, 2016
- New York City
Agilent Technologies net and sales jumped. Children
- Lucy Stoeva
- 16 May, 2016
- New York City
European stocks recovered after a volatile day as a rally in oil prices offset disappointing economic data from China. Eutelsat extended two-day loss to more than 31%. Telecom Italia more than doubled its cost-cutting target to
- Mukesh Buch
- 16 May, 2016
- New York City
Berkshire Hathaway acquired about $1 billion worth shares in Apple. Gannett raised its offer to acquire Tribune Publishing. Pfizer plans to acquire Anacor Pharmaceuticals for about $5.2 billion. Virtusa net jumped 6%.
- Lucy Stoeva
- 17 May, 2016
- New York City
European stock markets erased early gains. U.K. homebuilder Taylor Wimpey surged 4.7% on better than expected dividend payout policy. Vodafone rose 1.5%, after the telecom operator said its European business grew for the first time in six years and increased its dividend payout.
- Lucy Stoeva
- 13 May, 2016
- New York City
European markets rebounded from the earlier losses after the euro zone economic growth was below expectations. Eutelsat plummeted 27% after the satellite operator negatively revised its forecasts due to slow industry growth. Ubisoft, the French video games maker announced an improved outlook.
- Mukesh Buch
- 13 May, 2016
- New York City
Brookfield Asset Management net tumbled 56% but revenues soared 19%. Dillard''s net declined 29%. J C Penney net loss narrowed. Nordstrom profit plunged 64% and lowered revenue outlook. Luxoft net and revenues surged. NVIDIA net soared 46%. Symantec profit surged.