- Lucy Stoeva
- 26 May, 2016
- New York City
European markets closed higher but gains were limited after banks recorded another down day. Banco Popular surprised investors with an announcement of
- Mukesh Buch
- 26 May, 2016
- New York City
Abercrombie & Fitch net loss narrowed. Chico''s net and sales fell. Costco profit rose 6%. Dollar Tree net and revenues surged. Dollar General net soared 17%. Fred''s net swung to profit. Genesco net jumped 5%. RBC Bearings net surged 27%. Sears net loss widened. Tech Data net plunged 35%.
- Lucy Stoeva
- 25 May, 2016
- New York City
European markets recorded solid gains on Wednesday after Greece reached an agreement with its creditors to unlock bailout funds, while oil price advanced and boosted energy stocks. Marks & Spencer lost 10.2% after the retailer warned that apparel business restructuring would hurt short term profit.
- Mukesh Buch
- 25 May, 2016
- New York City
Computer Sciences net swung to a loss after sales declined. Express net fell and the retailer lowered income forecast. Eaton Vance slid 6%. Hewlett Packard Enterprise jumped 5%. Intuit net doubled to $1.03 billion. Tiffany profit plunged 17%. Thermon Group net tumbled 53%.
- Lucy Stoeva
- 24 May, 2016
- New York City
European stocks changed direction and moved higher as bank stocks advanced, while exporters received a boost from the weakening euro. French appliance maker SEB SA agreed to buy WMF for
- Mukesh Buch
- 24 May, 2016
- New York City
AutoZone net and sales jumped. America''s Car-Mart net tumbled 53%. Best Buy profit surged 78% but the retailer lowered second-quarter outlook. DSW net plunged 37%. Kirkland''s net fell 64%. Nordson net declined 65% but revenues rose 9%. Toll Brothers net jumped 9%. Valspar net slid 11%.
- Lucy Stoeva
- 23 May, 2016
- New York City
European stocks recorded losses in a volatile session Monday. Economic activity in the euro zone slowed down in May, according to a private survey. Bayer AG offered to buy the U.S. based Monsanto for $62 billion. Fiat Chrysler may be prohibited from selling cars in Germany due to emission rules.
- Mukesh Buch
- 23 May, 2016
- New York City
Ares Capital intends to acquire American Capital for $3.4 billion. GE agreed to invest $3 billion in Saudi Arabia with $2 billion in the same sectors after next year. General Atlantic agreed to buy majority stake in the oil price reporter Argus Media for $1.45 billion.
- Mukesh Buch
- 20 May, 2016
- New York City
Buckle profit and sales declined. Campbell Soup profit rose. Deere & Co net plunged 28%. Foot Locker net and sales jumped 4%. The Gap profit tumbled 47% and closed 53 Old Navy stores in Japan. Ross Stores net rose 3%.
- Lucy Stoeva
- 19 May, 2016
- New York City
Stocks in Europe traded sharply lower after a missing EgyptAir plane dragged down shares of travel companies. The prospects of a U.S rate hike and a stronger dollar weighed on resource stocks. Thomas Cook plunged 18% on a lower full-year outlook.
- Mukesh Buch
- 19 May, 2016
- New York City
Advance Auto Parts net jumped 7%. Brady net surged 22%. Cato lowered earnings outlook. Cisco net dropped 4%. Dicks Sporting declined 10%. L Brands net tumbled 39% and the retailer lowered earnings forecast. Stein Mart net rose. Toro net soared. Stage Stores plunged 18%.
- Lucy Stoeva
- 18 May, 2016
- New York City
Trading in Europe was volatile on Wednesday, but markets staged a late rebound. Burberry fell 2.2% after reporting an 8% drop in profit. Sonova tumbled 6.8% after the Swiss hearing aid maker missed its full-year sales and profit targets.
- Mukesh Buch
- 18 May, 2016
- New York City
Analog Devices net plunged 17% and revenues fell 5%. Booz Allen profit surged 51%. Lowe''s net surged 31%. Staples lowered sales outlook and said net declined 18%. Target profit fell on 5% fall in revenues.
- Mukesh Buch
- 17 May, 2016
- New York City
Agilent Technologies net and sales jumped. Children
- Lucy Stoeva
- 16 May, 2016
- New York City
European stocks recovered after a volatile day as a rally in oil prices offset disappointing economic data from China. Eutelsat extended two-day loss to more than 31%. Telecom Italia more than doubled its cost-cutting target to