- Lucy Stoeva
- 30 Mar, 2016
- New York City
European markets advanced 1.5% after U.S. Fed Chair signaled caution in raising interest rates. Steelmakers traded higher on hopes of a European consolidation after Tata Steel said it would leave the British market. Metro AG plans to split its wholesale and electronics retailing businesses.
- Mukesh Buch
- 30 Mar, 2016
- New York City
Carnival net nearly jumped three-fold. InterOil net loss widened. Lululemon profit jumped 11% on 17% increase in revenues. Paychex net and revenues soared 7%. Sonic profit advanced 40%. UniFirst net plunged 8%. Verint Systems net surged 280.4% while revenues dropped 10%.
- Lucy Stoeva
- 29 Mar, 2016
- New York City
European market indexes closed mixed as bank lending in February rose at the fastest pace since 2011. Oil and base metal prices retreated as the U.S. dollar inched higher.
- Mukesh Buch
- 29 Mar, 2016
- New York City
Conn''s net plummeted 93% but revenues jumped 7%. Destination Maternity net loss narrowed. Lennar profit surged 25%. McCormick lifted sales and profit outlook. SYNNEX net edged up but revenues fell.
- Mukesh Buch
- 28 Mar, 2016
- New York City
China-based Anbang Insurance raised its offer for Starwood Hotels to $13.9 billion. Dell agreed to sell its information technology consulting business to Japan-based NTT Data Corp for $3.05 billion.
- Lucy Stoeva
- 24 Mar, 2016
- New York City
European market indexes closed lower ahead of the Easter holidays. Resource and energy stocks fell after the U.S. dollar strengthened and U.S. crude inventories increased. Next, the apparel retailer sank 15% on weak 2016 sales outlook. Italian banks were under pressure.
- Mukesh Buch
- 24 Mar, 2016
- New York City
Accenture net loss narrowed after sales jumped. Finish Line net tumbled 90% but revenues increased. PVH profit surged 161%. Signet Jewelers net soared 19%. Discovery Laboratories net narrowed and revenues declined 42%.
- Lucy Stoeva
- 23 Mar, 2016
- New York City
European stock indexes closed flat on Wednesday as weakness in mining stocks offset a rebound in travel and leisure stocks one day after the terrorist attacks in Belgium. Credit Suisse will cut about 2,000 jobs as part of its global restructuring. William Hill issued a profit warning.
- Mukesh Buch
- 23 Mar, 2016
- New York City
Bristol-Myers plans to acquire privately held Padlock Therapeutics for $600 million. Cintas net soared 24% on 10% jump in revenues. Fred''s net loss narrowed. General Mills profit jumped 5%. Neogen net soared 12%. Nike profit surged 20%. Red Hat net soared 11%.
- Lucy Stoeva
- 22 Mar, 2016
- New York City
European market indexes closed flat after the sharp decline in the aftermath of the terrorist attacks in Brussels. Eurozone economic activity regained momentum in March. PMI. Partners increased its dividend.
- Mukesh Buch
- 22 Mar, 2016
- New York City
Anthem sued Express Scripts Holding for price gouging. Centrus Energy net loss in the quarter widened. CIFC net swung to a loss. Elbit Systems net surged 43%. G-III Apparel net plunged 14%. Mattress Firm net more than doubled.
- Lucy Stoeva
- 21 Mar, 2016
- New York City
European market indexes were little changed on Monday and weak commodities trimmed early gains. Telecom Italia gained 3% after chief executive was forced out. Bayer gained 4% on rumors about a potential acquisition of its crop unit by Monsanto.
- Mukesh Buch
- 21 Mar, 2016
- New York City
IHS profit surged and agreed to acquire U.K.-focused Markit Ltd. Marriott Intl agreed to acquire Starwood Hotels after revising the offer to $79.53 per share. Sherwin-Williams agreed to buy Valspar for $9.3 billion.
- Lucy Stoeva
- 18 Mar, 2016
- New York City
European stocks were little changed on Friday as investors in the absence of large swings in oil and commodity prices. Generali announced a jump of 15% in annual pre-tax profit. Nordea Bank confirmed plans to transform its subsidiaries into branches.
- Mukesh Buch
- 18 Mar, 2016
- New York City
Adobe Systems net surged three-fold on the back of 25% jump in revenues. Aeropostale net loss widened after sales tumbled. Gordmans Stores net plunged 52%. Myokardia net loss widened on flat revenues. Tiffany profit tumbled 17% and sales declined 6%.