- Mukesh Buch
- 22 Jan, 2016
- New York City
American Express net declined 38% on 8% drop in revenues. Boeing plans to cut its production of 747 aircrafts and book an after-tax charge of $569 million. GE net income surged 22%.
- Mukesh Buch
- 21 Jan, 2016
- New York City
BNY Mellon net surged two-fold and agreed to acquire the assets of Atherton Lane Advisers for $2.7 billion. BB&T net declined 9%. Fifth Third Bancorp net surged 75%. F5 Networks net rose 0.7%. J B Hunt profit jumped 6%. Key Corp net plunged 11%. Verizon net swung to profit.
- Lucy Stoeva
- 21 Jan, 2016
- New York City
European Central Bank left key lending rate on hold and showed willingness to review monetary policy. Deutsche Bank warned of an annual loss of
- Lucy Stoeva
- 20 Jan, 2016
- New York City
European market indexes dropped more than 2% on the persistent oil price decline and China slowdown worries. In Italy, liquidity jitters took banking stocks down. BHP Billiton Plc dropped 7.4% after the mining giant cut its forecast for iron-ore production and wrote down more assets.
- Mukesh Buch
- 20 Jan, 2016
- New York City
Apple Inc moved to build retail operations in India as the mobile devices maker struggles with global sales growth. Goldman Sachs profit tumbled 72%. IBM net declined 19% on 9% plummet in revenues. Northern Trust net fell 2%. Netflix net plunged 48%.
- Mukesh Buch
- 19 Jan, 2016
- New York City
Bank of America net soared 10%. Charles Schwab profit surged 19%. Comerica net plunged 13% but revenues jumped 4%. Delta Air Lines and Morgan Stanley net swung to profit. M&T Bank net fell 2% while revenues surged 19%.
- Lucy Stoeva
- 19 Jan, 2016
- New York City
Resource stocks lead European markets higher after China reported better-than-expected growth in the final quarter of 2015. In Milan, Banca Monte dei Paschi di Siena plummeted 13.3% and other banks were halted as ECB reviews non-performing loans. Unilever said 2015 revenues increased 10%.
- Lucy Stoeva
- 18 Jan, 2016
- New York City
European markets lost ground in a volatile trading session. Banks declined on reports that the European Central Bank reviewed non-performing loans at large banks. Adidas surged 5.1% after appointing new chief executive.
- Hiruki Nakamura
- 16 Jan, 2016
- New York City
Nikkei average closed down as markets in Asia dropped for the second week in a row. Nikkei extended weekly loss to 3.4% and plunged nearly 10% in 2016.
- Mukesh Buch
- 15 Jan, 2016
- New York City
BlackRock profit jumped 6%. Citigroup net surged after loan losses slumped and operating expenses declined. GE plans to sell its appliance business to China-based Haier for $5.4 billion. Fastenal net declined 6%. Wells Fargo net in the quarter was flat at $5.7 billion.
- Lucy Stoeva
- 15 Jan, 2016
- New York City
European stock markets extended losses as oil prices tanked below $30 a barrel and the outlook on China remained pessimistic. BHP Billiton wrote down $7.2 billion in U.S. shale assets. Renault confirmed French investigation for emissions fraud. H&M posted better-than-expected December sales.
- Nichole Harper
- 15 Jan, 2016
- New York City
Market indexes on Wall Street accelerated declne after another day of sell-off in China spread to Asia and Europe. Indexes in China dipped into bear zone and European markets declined more than 1% and crude oil dipped to a new low in the year and retail sales dipped 0.1% in December.
- Sarla Buch
- 15 Jan, 2016
- New York City
Stocks in Mumbai traded lower and extended weekly and year loss after weak profit from Hindustan Lever added to global market jitters. Emerging markets and commodities continued to struggle on the growing worries that China may let yuan drift lower by another 10% to sustain exports.
- Sarla Buch
- 14 Jan, 2016
- New York City
Market indexes on Dalal Street extended weekly losses and the rupee dropped to a new record low despite the crude oil price falling to 12-year low. Infosys said quarterly profit rose 7%. Everest Industries net more than doubled. Cyient net declined 12%.
- Mukesh Buch
- 14 Jan, 2016
- New York City
JPMorgan Chase net soared 10% as non-interest expense fell 7%. Best Buy plunged 8% after the retailer lowered revenues outlook. GoPro tumbled on lower than anticipated sales. AEP Ind net swung to profit. Clarcor net tumbled 24%. HB Fuller net more than doubled.