- Mukesh Buch
- 02 May, 2016
- New York City
Halliburton terminated $28 billion merger agreement with Baker Hughes. Alexander''s net soared 24%. Enbridge Energy and Helmerich & Payne revenues and profit tumbled. Loews net fell 6%. Mercury General net declined 11%. SYSCO net surged 23%. White Mountains net plummeted.
- Mukesh Buch
- 03 May, 2016
- New York City
Fiat Chrysler and Ford April sales jumped but GM sales fell. Cummins net and revenues tumbled. CVS Health net declined but sales jumped 19%. Duke Energy net plunged 20%. Ecolab net slid. Oracle agreed to acquire Opower Inc for $532 million. Pfizer sales and profit surged.
- Mukesh Buch
- 29 Apr, 2016
- New York City
American Tower net soared 35% on 19% jump in revenues. AstraZeneca net soared 13%. Amazon.com lifted revenues forecast after net swung to profit. Amgen net surged 17%. Chevron, Exxon, Phillips 66 revenues and profit declined. LinkedIn net loss narrowed.
- Lucy Stoeva
- 28 Apr, 2016
- New York City
European markets closed down after a broad selloff after the Bank of Japan decided not to increase its stimulus program and left interest rates unchanged. CaixaBank and BBVA posted double-digit declines in first-quarter net profit. Airbus earnings dropped on production delays and weaker demand.
- Mukesh Buch
- 28 Apr, 2016
- New York City
Bristol-Myers net edged up. Colgate net fell. ConocoPhillips net swung to a loss. Dow Chemical profit and sales tumbled. Ford net and revenues surged. MasterCard profit slumped 6%. Facebook advertising revenues soared 57%. Sony net loss narrowed. Time Warner net jumped.
- Lucy Stoeva
- 27 Apr, 2016
- New York City
European shares traded higher on Wednesday amid positive corporate earnings and higher oil prices. Adidas raised its guidance for 2016 and posted an increase of 35% in operating profit. Antofagasta said copper output rose in the quarter and confirmed its full-year output guidance.
- Mukesh Buch
- 27 Apr, 2016
- New York City
Apple said quarterly sales of iPhone declined for the first time in 13 years. Boeing profit declined 11%. Baker Hughes net loss widened after revenues plummeted 42%. Comcast net and revenues jumped. Glaxo lifted earnings forecast. Hess net loss widened. Twitter net loss narrowed.
- Lucy Stoeva
- 26 Apr, 2016
- New York City
After a strong start, most European markets changed direction and closed slightly lower. Pulp & paper producer UPM said quarterly profit jumped 35% and announced the sale of its Schwedt mill site. BP reported a pre-tax loss of $865 million. Orange said revenues rose 3.5%.
- Mukesh Buch
- 26 Apr, 2016
- New York City
3M net jumped but revenues fell. BP net swung to a loss and revenues plunged 30%. Du Pont profit soared 19% while sales dropped 6%. Eli Lilly net plummeted 17% but sales rose 5%. Lockheed Martin net slumped 10% but revenues surged 16%. P&G sales fell 7%.
- Lucy Stoeva
- 25 Apr, 2016
- New York City
Stocks in Europe fell for the second day in a row on the weakness in commodity stocks and a slight fall in business confidence in Germany. Philips plans to spin off its lighting unit. Deutsche Bank
- Mukesh Buch
- 25 Apr, 2016
- New York City
Gannett offered to acquire Tribune Publishing for $815 million. First Data net loss narrowed. KKR net swung to a loss. Lab Corp. of America profit and revenues surged. Philips net tumbled 63%. Roper Technologies net fell but revenues rose. Xerox profit plummeted 85%.
- Lucy Stoeva
- 22 Apr, 2016
- New York City
European stock markets trimmed weekly gains dragged down by auto makers on the widening international investigation in the emission-tests scandal beyond Volkswagen. Zodiac Aerospace soared 10.5% on rumors that Safran may bid for the aerospace supplier.
- Mukesh Buch
- 22 Apr, 2016
- New York City
Alphabet, the parent of Google said net surged 19% on 17% rise in revenues. Caterpillar lowered revenue forecast. GE net loss narrowed. Honeywell net jumped. Kimberly Clark net surged 17% but sales fell. McDonald''s net jumped. Microsoft net plunged 25%. Visa net soared 10%.
- Mukesh Buch
- 21 Apr, 2016
- New York City
American Express net declined 6%. BNY Mellon profit and revenues fell. Biogen net surged 18% on 7% jump in revenues. GM profit soared 122%. Qualcomm net jumped 11% but revenues plunged 19%. Verizon net rose 2%. Yum! Brands net jumped 8%.
- Lucy Stoeva
- 21 Apr, 2016
- New York City
Stocks in Europe retreated after the ECB kept rates unchanged, several major companies posted disappointing earnings, and oil continued to decline. Ericsson