- 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.
- Lucy Stoeva
- 12 May, 2016
- New York City
European markets closed lower amid high volatility brought by oil prices and corporate earnings. Dutch insurer Aegon, French lender Credit Agricole and online fashion retailer Zalando reported disappointing first-quarter earnings. Howeverm KBC Group, RWE, and Zurich Insurance exceeded expectations.
- Mukesh Buch
- 12 May, 2016
- New York City
AerCap net declined 28%. CA net surged 15%. Jack in the Box forecasted positive yearly outlook. Kohl''s net plunged 87%. Prestige Brands net declined 42% but lifted revenue estimate. Ralph Lauren net tumbled 67%. Vista Outdoor net and revenues surged.