- Mukesh Buch
- 16 May, 2016
- New York City
Berkshire Hathaway acquired about $1 billion worth shares in Apple. Gannett raised its offer to acquire Tribune Publishing. Pfizer plans to acquire Anacor Pharmaceuticals for about $5.2 billion. Virtusa net jumped 6%.
- Lucy Stoeva
- 17 May, 2016
- New York City
European stock markets erased early gains. U.K. homebuilder Taylor Wimpey surged 4.7% on better than expected dividend payout policy. Vodafone rose 1.5%, after the telecom operator said its European business grew for the first time in six years and increased its dividend payout.
- Lucy Stoeva
- 13 May, 2016
- New York City
European markets rebounded from the earlier losses after the euro zone economic growth was below expectations. Eutelsat plummeted 27% after the satellite operator negatively revised its forecasts due to slow industry growth. Ubisoft, the French video games maker announced an improved outlook.
- Mukesh Buch
- 13 May, 2016
- New York City
Brookfield Asset Management net tumbled 56% but revenues soared 19%. Dillard''s net declined 29%. J C Penney net loss narrowed. Nordstrom profit plunged 64% and lowered revenue outlook. Luxoft net and revenues surged. NVIDIA net soared 46%. Symantec profit surged.
- Lucy Stoeva
- 12 May, 2016
- New York City
European markets closed lower amid high volatility brought by oil prices and corporate earnings. Dutch insurer Aegon, French lender Credit Agricole and online fashion retailer Zalando reported disappointing first-quarter earnings. Howeverm KBC Group, RWE, and Zurich Insurance exceeded expectations.
- Mukesh Buch
- 12 May, 2016
- New York City
AerCap net declined 28%. CA net surged 15%. Jack in the Box forecasted positive yearly outlook. Kohl''s net plunged 87%. Prestige Brands net declined 42% but lifted revenue estimate. Ralph Lauren net tumbled 67%. Vista Outdoor net and revenues surged.
- Lucy Stoeva
- 11 May, 2016
- New York City
European stock markets declined on disappointing earnings reports and company news. JCDecaux lowered its second-quarter outlook. Banco Popolare reported first-quarter loss due to loan write-downs. Carlsberg
- Mukesh Buch
- 11 May, 2016
- New York City
Aramark reaffirmed earnings outlook and said net soared 11%. Disney net rose 2%. Fossil profit tumbled 85% on 9% decline in revenues. Macy''''s lowered earnings forecast. Wendy
- Mukesh Buch
- 10 May, 2016
- New York City
A. M. Castle net loss widened to $36.9 million after sales declined 13%. Echostar profit surged 52%. MBIA net swung to a loss on 26% plunge in revenues. Dean Foods net swung to profit while revenues dropped 8%. Lumber Liquidators net loss widened on 10% drop in revenues.
- Lucy Stoeva
- 10 May, 2016
- New York City
European shares advanced on Tuesday as positive developments in Greece
- Lucy Stoeva
- 09 May, 2016
- New York City
European markets closed mixed on Monday, tracking the movement in volatile oil prices and reflecting the weak international data from China. Alstria Office REIT said funds from operations grew 24.5% in the first-quarter of 2016. ITE Group
- Mukesh Buch
- 09 May, 2016
- New York City
Charter Communications won final clearance to acquire Time Warner Cable. Krispy Kreme agreed to be taken private by Germany-based JAB. Freeport agreed to sell stake in TF Holdings to China-based Molybdenum. Drew net jumped 79%. HCP plans to spin off its HCR ManorCare portfolio.
- Mukesh Buch
- 06 May, 2016
- New York City
Alleghany net and revenues surged. ArcelorMittal net loss narrowed. Cigna net loss fell 3% but revenues jumped 6%. Cognizant Tech net soared 15%. Consolidated Edison net declined 16% on 13% fall in revenues. Exelon profit tumbled 75%. Fiserv net soared 62%. Mohawk net soared.
- Lucy Stoeva
- 06 May, 2016
- New York City
European markets erased earlier losses in a late rebound after the U.S. employment data sent offered mixed outlook. ArcelorMittal said loss narrowed and the steelmaker kept its 2016 guidance unchanged. Banca Monte dei Paschi di Siena posted higher-than-expected net income.
- Lucy Stoeva
- 05 May, 2016
- New York City
European stock market indexes closed little changed after a choppy session. Concerns over China