- Sarla Buch
- 07 Jun, 2016
- New York City
Royal Dutch Shell plans to exit from oil and gas operations from as many as 10 countries but continue to operate in 13 nations. Sports Direct soared after successfully defending U.K. inquiry. RIT Capital terminated merger discussion with Alliance Trust.
- Mukesh Buch
- 07 Jun, 2016
- New York City
HD Supply and Valeant Pharma net swung to a loss. Hooker Furniture net declined 29% but revenues more than doubled. Michaels profit and revenues jumped. Navistar lowered fiscal outlook. Verizon plans a second bid for internet business of Yahoo.
- Sarla Buch
- 06 Jun, 2016
- New York City
easyJet passenger count in May jumped 5.7% but load factor edged down. Intertrust agreed to acquire Elian Group from Electra Partners LLP for about
- Mukesh Buch
- 06 Jun, 2016
- New York City
BlackRock agreed to sell its Singapore-based 43-story office building to Qatar Investment for $2.45 billion. Calavo Growers net jumped 14%. salesforce.com will commence $2.8 billion offer to acquire Demandware Inc. Thoma Bravo agreed to take private Qlik Technologies for $3 billion.
- Mukesh Buch
- 03 Jun, 2016
- New York City
Ambarella net and revenues tumbled. Cooper Companies net soared 22%. Five Below net surged 58% on 25% increase in revenues. Hurco net declined 8% but revenues jumped 4%. IDT revenues slumped 8%. Sears Hometown net swung to a loss.
- Sarla Buch
- 03 Jun, 2016
- New York City
European markets trimmed weekly gains and retail sales in April were stable. Accor jumped after China-based Jin Jiang intends to increase its stake to 29%. BP agreed to settle $175 million shareholder lawsuit linked to Gulf of Mexico spill. Total SA plans to divest its Atotech valued at
- Sarla Buch
- 02 Jun, 2016
- New York City
ECB held interest rates and lowered growth outlook. Cobham wins a contract from Airbus. Johnson Matthey net declined 24%. Ryanair traffic in May surged 12% and the discount airline cut baggage fees by 50%. Munich Re plans to lay off 1,800 employees. Voestalpine forecasted stable steel prices.
- Mukesh Buch
- 02 Jun, 2016
- New York City
J&J consumer unit plans to acquire privately held hair care products maker Vogue International for about $3.3 billion. Ciena net tumbled 32%. CorVel net fell 16%. Conn''''''''s and Joy Global net swung to a loss. Donaldson profit jumped 15%. Mesa Labs net soared 78%.
- Mukesh Buch
- 01 Jun, 2016
- New York City
Fiat Chrysler U.S. sales in May rose 1%, Ford sales slumped 6% and GM sales declined 18%. Cracker Barrel net soared 39%. Daktronics net swung to a loss. G-III Apparel profit plunged 59% and reiterated sales outlook. Michael Kors net fell 3%. Vera Bradley net swung to profit.
- Sarla Buch
- 01 Jun, 2016
- New York City
Market indexes across the euro zone declined tracking weak world markets in Asia and in the U.S. OECD lowered global growth outlook. Halfords profit dropped 4%. Ahold net surged 13% to
- Lucy Stoeva
- 31 May, 2016
- New York City
European stock market indexes closed lower and latest economic data showed the euro zone is still in deflation. However, most major European markets gained in May. Volkswagen reported a 20% drop in profits.
- Mukesh Buch
- 31 May, 2016
- New York City
Great Plains Energy agreed to acquire Westar Energy for $8.6 billion. Carl Icahn confirmed a ""large position"" in Botox-maker Allergan. Bank of Nova Scotia net declined but revenues jumped. Frontline net and revenues surged. Medtronic net swung to profit.
- Lucy Stoeva
- 30 May, 2016
- New York City
European stock markets closed slightly higher on Monday after France and Austria revised economic growth estimates. Daimler AG may face record cartel charges from the European Union. Dutch mail operator PostNL and Belgian rival BPost failed to agree on merger terms.
- Lucy Stoeva
- 27 May, 2016
- New York City
European stocks closed flat and banks and resource sectors were in focus in the region. Roche AG announced positive results for a new blood cancer drug. Adidas sold its U.S.-based Mitchell & Ness. Philips Lighting jumped 10% to on its first day of trading.
- Mukesh Buch
- 27 May, 2016
- New York City
Big Lots net and sales rose 3%. Caleres net declined 8%. Deckers Outdoor, Palo Alto Networks and Splunk net loss widened. Multi-Color net plunged 29% but revenues surged 11%. NGL Energy net swung to a loss. Ulta Salon profit jumped 37% on 14% surge in revenues.