- Lucy Stoeva
- 02 Feb, 2016
- New York City
European equities extended losses as oil prices continued to slide. UBS Group reported an unexpected outflow of 3.4 billion Swiss francs from its wealth management business. BP Plc posted its worst results in more than 20 years and announced 3,000 job cuts.
- Mukesh Buch
- 02 Feb, 2016
- New York City
Archer Daniels net rose but sales fell. Alphabet net jumped. BP net loss narrowed and the oil explorer booked $2.6 billion of restructuring charges. Dow Chemical net surged. Exxon Mobil net tumbled 58%. Ford and GM sales drop in January. Pfizer profit plunged 50%.
- Lucy Stoeva
- 01 Feb, 2016
- New York City
European markets edged down on weak manufacturing data from China and the euro zone, disappointing news from Nokia, and the decline in oil prices. BT Group
- Mukesh Buch
- 01 Feb, 2016
- New York City
Abbott agreed to acquire Alere for $5.8 billion. Aetna net soared 38%. Cardinal Health net rose. Dominion Resources agreed to acquire Questar for $4.4 billion in cash. Hill-Rom net tumbled 60% but revenues surged 42%. Roper net jumped 12%. Sysco net soared 72%.
- Lucy Stoeva
- 29 Jan, 2016
- New York City
European indexes soared at least 2% after the Bank of Japan surprised the markets by adopting negative interest rates. The banking sector staged a recovery after positive news from Banco de Sabadell in Madrid and rumors about possible mergers in Italy.
- Mukesh Buch
- 29 Jan, 2016
- New York City
American Airlines net surged but revenues fell. Colgate-Palmolive and Chevron net swung to a loss after sales declined. Honeywell net soared 25%. MasterCard profit surged 11%. Phillips 66 net and revenues tumbled. Seagate net tumbled 82%. Whirlpool net jumped.
- Mukesh Buch
- 28 Jan, 2016
- New York City
Abbott net plunged 15% after global sales dropped. American Electric net surged but sales fell. Bristol-Myers, Baker Hughes and Caterpillar net swung to a loss. Eli Lilly profit soared 12%. Ford net swung to profit. Time Warner Cable net plunged 12%. T. Rowe profit slid 4%.
- Lucy Stoeva
- 28 Jan, 2016
- New York City
European stocks dropped in choppy trading as disappointing earnings and turmoil in the banking sector offset the rally in oil prices. Deutsche Bank reported its first annual loss since 2008. H&M net fell 11% due to unfavorable currency and the warm winter. Roche warned of growth slowdown in 2016.
- Lucy Stoeva
- 27 Jan, 2016
- New York City
European markets recorded gains on Wednesday after a volatile trading session. Ericsson fell 6% despite reporting 67% growth in net profit. Novartis said fourth-quarter net profit tumbled 57% due to poor performance of its eye-care business. BASF wrote down
- Mukesh Buch
- 27 Jan, 2016
- New York City
Apple net income and revenues increased at a slower pace. AT&T net swung to profit after revenues surged 22%. Boeing net plunged 30% and aircraft deliveries declined 7%. Biogen net slumped 6%. General Dynamics net soared 9%. Parker-Hannifin net tumbled 32%. United Technologies net surged.
- Lucy Stoeva
- 26 Jan, 2016
- New York City
European markets closed higher after a spike in oil and metal prices. Anglo American jumped 12% after its diamond unit De Beers more than doubled sales of rough diamonds. EasyJet
- Mukesh Buch
- 26 Jan, 2016
- New York City
3M net plunged 12% on 5% drop in revenues. Coach net declined 7% but revenues soared 7%. Danaher revenues and profit jumped 4%. Du Pont net swung to a loss. Dover net tumbled 16%. J&J net surged 18%. Lockheed Martin net rose 3%. P&G net soared 35% but sales fell 9%.
- Lucy Stoeva
- 25 Jan, 2016
- New York City
Energy companies dragged European markets down after the Friday rally in oil prices lost steam. Russian GDP dropped 3.7% in 2015 after growing 0.7% in 2014. In Germany, the business climate index fell to a 12-month low.
- Mukesh Buch
- 25 Jan, 2016
- New York City
D.R. Horton net surged 11%. Halliburton net swung to a loss. Illinois Tool Works agreed to acquire engineering unit from ZF TRW for $450 million. Johnson Controls and Tyco Intl agreed to merge. Kimberly Clark net swung to profit.McDonald''s net soared 10%.
- Lucy Stoeva
- 22 Jan, 2016
- New York City
European markets rallied on Friday after prices of oil and commodities rebounded and the ECB left door open for additional stimulus steps. Manufacturing activities in the euro zone slowed down to a three-month low. SAP SA lifted its fiscal 2017 revenue but lowered its operating margin outlook.