- Mukesh Buch
- 11 Feb, 2016
- New York City
Avon net loss widened after revenue fell 20%. BorgWarner net declined 10% but revenues jumped. Cisco net soared 31% on flat revenues. Kellogg and Twitter net loss narrowed. PepsiCo profit surged 31%. Reuters net tumbled 65%. Teva Pharma net plummeted 29%.
- Lucy Stoeva
- 12 Feb, 2016
- New York City
European shares recovered on the back of a rally in oil, while Commerzbank
- Lucy Stoeva
- 11 Feb, 2016
- New York City
European markets extended February losses to about 10% as concerns over the banking and resource sectors dominated the session. Societe Generale net fell short of expectations. Rio Tinto Plc swung to a loss and discarded its dividend policy.
- Lucy Stoeva
- 10 Feb, 2016
- New York City
European markets halted 7-day losing streak after investors returned for bargain hunting. Deutsche Bank rebounded on unconfirmed reports that the largest German bank may buy back bonds. Opera Software surged 33.5% after receiving an offer for $1.23 billion from China.
- Mukesh Buch
- 09 Feb, 2016
- New York City
Agrium profit surged but revenues declined. CVS Health net jumped 15%. CDW net soared 73%. HCP net swung to loss after revenues declined 11%. Ingersoll-Rand net fell 9%. Coca-Cola profit soared 61%. Twenty-First Century Fox net tumbled 89%. Waste Connections net dropped.
- Lucy Stoeva
- 09 Feb, 2016
- New York City
European market indexes dropped to 2-year lows on the growing concerns over the profitability and the adequacy of capitalization of banks. German industrial production fell 1.2% and exports declined 1.6% in December. Vestas Wind Systems, the wind-turbine maker, reported record revenue in 2015.
- Mukesh Buch
- 10 Feb, 2016
- New York City
Akamai Technologies net fell but revenues jumped. Assurant net surged 32%. DTE Energy net tumbled 73%. Walt Disney net and revenues jumped. Humana profit plunged 30% but revenues increased 8%. Sealed Air net jumped. Time Warner net surged 19%. Western Union net fell.
- Mukesh Buch
- 08 Feb, 2016
- New York City
Apollo Education agreed to be acquired by Apollo Global Management. Cognizant net and revenues surged but lowered on weak forecast. CTS fell despite net swung to profit. Hasbro net jumped 4%. Loews net swung to a loss. Mercury General net swung to profit.
- Lucy Stoeva
- 08 Feb, 2016
- New York City
European stocks fell sharply on Monday on the fresh worries of the banking sector health and concerns over the global economic growth. Eurobank Ergasias in Greece plunged 29.2%. Gold miner Randgold Resources jumped 13% on the dividend hike and exploration progress.
- Mukesh Buch
- 05 Feb, 2016
- New York City
AON net surged on flat revenues. ArcelorMittal net loss widened and the steelmaker plans to raise $4 billion to reduce net debt of $12 billion. Ametek net declined 10%. CME profit dropped 5%. Cummins net plunged 64% on 6% decline in revenues. Estee Lauder net rose 2%. Moody''s net fell.
- Lucy Stoeva
- 05 Feb, 2016
- New York City
European stock trading was volatile and markets were mixed on the weak U.S. jobs data and a rally in mining, and gains in banking and retail sector. ArcelorMittal plans to launch a $3 billion offer to reduce net debt of $12 billion. BNP Paribas plans to cut costs and increase its dividend.
- Mukesh Buch
- 04 Feb, 2016
- New York City
AstraZeneca net swung to profit but revenues dropped. ConocoPhillips net loss widened and lowered capital expenditures forecast. Cigna net declined while revenues jumped. McGraw Hill net swung to profit. Philip Morris net plunged. Ralph Lauren net tumbled. Xylem net surged.
- Lucy Stoeva
- 04 Feb, 2016
- New York City
European markets rebounded after a rally in resource sector on the weakening dollar. Credit Suisse plummeted after reporting its first full-year loss since 2008. LafargeHolcim proposed selling its entire operation in India.
- Mukesh Buch
- 03 Feb, 2016
- New York City
Becton Dickinson net fell 3% but revenues soared 46%. Comcast net rose 3%. Exelon profit surged while revenues declined 8%. GM net surged. International Paper net soared 33%. Lowe''s agreed to acquire Canada-based Rona for $2.3 billion. Merck profit tumbled 87%.
- Lucy Stoeva
- 03 Feb, 2016
- New York City
European stocks declined for the third day in a row on weak earnings reports from key companies. Finland controlled utility Fortum said adjusted operating profit tumbled 34%. Italian banks extended losses by as much as 8% on the rising non-performing loan portfolios.