- Mukesh Buch
- 23 Feb, 2016
- New York City
Cracker Barrel lifted fiscal earnings outlook. Ecolab net tumbled 38%. Expeditors Intl net soared 15% while sales declined 10%. Home Depot profit surged 7%. Smucker net and sales jumped. Macy''s profit plunged 31%. Office Depot net swung to profit.
- Lucy Stoeva
- 22 Feb, 2016
- New York City
A surge in resource prices and the market rebound in Asia powered the stock rally in Europe. The U.K. pound dropped nearly 2% on the concerns that the U.K. may leave the European Union. HSBC reported a surprise pre-tax loss of. Vivendi increased its share in Telecom Italia to 22.8%.
- Mukesh Buch
- 22 Feb, 2016
- New York City
AT&T plans to invest $10 billion in its global business solutions unit. Allergan net loss narrowed but revenues soared. Cobalt Intl net loss widened. Dean Foods net surged while revenues plunged. Envision Healthcare net plummeted. LTC Properties net declined 11% to $18 million.
- Lucy Stoeva
- 19 Feb, 2016
- New York City
European bourses trimmed weekly gains after oil price resumed slide. French auto parts maker Valeo raised its dividend by 36% after net profit surged 30%. Insurer Allianz reported profit growth of 6.3%.
- Mukesh Buch
- 19 Feb, 2016
- New York City
Barnes Group net plunged. Brady Corp profit jumped 32% and safety products maker lifted fiscal forecast. CIRCOR net and revenues tumbled. CST Brands declined 73%. Consolidated Edison net jumped 117% but revenues dropped. Deere & Co net plummeted 34%. Virgin America net surged.
- Lucy Stoeva
- 18 Feb, 2016
- New York City
European markets gained on renewed hopes of more stimulus from the European Central Bank, but profit taking in resource stocks weighed on the U.K. market. Air France-KLM soared 11% after reporting its first annual profit since 2008. Nestl
- Mukesh Buch
- 18 Feb, 2016
- New York City
Cott Corp net swung to a loss. Choice Hotels net and revenues surged. Duke Energy net fell. DISH Network and Perrigo net swung to a loss. Hyatt Hotels net tumbled. IBM agreed to acquire Truven Health for $2.6 billion. Wal-Mart net declined.
- Mukesh Buch
- 17 Feb, 2016
- New York City
Analog Devices profit declined 8%. Gannett net tumbled 70%. GEO Group profit and revenues surged. Medicines net loss widened. Noble Energy net swung to a loss. Priceline Group net and revenues jumped. T-Mobile US net soared 180% and added 2.1 million net customers.
- Lucy Stoeva
- 17 Feb, 2016
- New York City
European indexes gained 2% fueled by positive news from the banking and resource sectors. Glencore announced new loan facility. Credit Agricole posted better-than-expected results and simplified its ownership structure. Schneider Electric SE increased its dividend and share-buyback program.
- Lucy Stoeva
- 16 Feb, 2016
- New York City
European markets were mixed on Tuesday after volatile banking stocks turned lower and renewed concerns over oil prices. In Germany, economic expectations sank to 1.0 in February from 10.2 in January. Anglo American doubled its net loss in 2015.
- Mukesh Buch
- 16 Feb, 2016
- New York City
ADT agreed to be acquired by Apollo Global for $7 billion. Baxalta net plunged 88%. Freeport agreed to sell its 13% stake to Sumitomo Metal Mining. Generac net plummeted 81% and agreed to acquire a majority stake in Italy-based PR Industrial. Hormel Foods net soared.
- Lucy Stoeva
- 15 Feb, 2016
- New York City
Stock market indexes extended gains for the second day in a row banking stocks rebounded on possible ECB purchase of Italian bad loans. Telecom sector heated up on the recent merger activity. HSBC Holdings decided to keep its headquarters in London.
- Mukesh Buch
- 12 Feb, 2016
- New York City
Activision Blizzard net plunged 56% on 15% decline in revenues. Dentsply Intl net tumbled 31%. ITT profit jumped 9%. LifePoint Health net surged. Portland General Electric net soared 19%. Red Robin Gourmet Burgers net jumped. Ventas net advanced. Verisign profit soared 57%.
- 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