- Lucy Stoeva
- 22 Apr, 2016
- New York City
European stock markets trimmed weekly gains dragged down by auto makers on the widening international investigation in the emission-tests scandal beyond Volkswagen. Zodiac Aerospace soared 10.5% on rumors that Safran may bid for the aerospace supplier.
- Mukesh Buch
- 22 Apr, 2016
- New York City
Alphabet, the parent of Google said net surged 19% on 17% rise in revenues. Caterpillar lowered revenue forecast. GE net loss narrowed. Honeywell net jumped. Kimberly Clark net surged 17% but sales fell. McDonald''s net jumped. Microsoft net plunged 25%. Visa net soared 10%.
- Mukesh Buch
- 21 Apr, 2016
- New York City
American Express net declined 6%. BNY Mellon profit and revenues fell. Biogen net surged 18% on 7% jump in revenues. GM profit soared 122%. Qualcomm net jumped 11% but revenues plunged 19%. Verizon net rose 2%. Yum! Brands net jumped 8%.
- Lucy Stoeva
- 21 Apr, 2016
- New York City
Stocks in Europe retreated after the ECB kept rates unchanged, several major companies posted disappointing earnings, and oil continued to decline. Ericsson
- Lucy Stoeva
- 20 Apr, 2016
- New York City
European markets were little changed as positive earning updates offset a decline in oil prices and sharp losses in China. ABB, the power grid automation maker said net profit fell 11%, less than expected. ARM Holdings reported revenue growth of 22% and profit growth of 7.6% in the first-quarter.
- Mukesh Buch
- 20 Apr, 2016
- New York City
Abbott net tumbled 86% but lifted earnings per share forecast. DISH Network net surged 11%. EMC net jumped 6%. Illinois Tool net rose 2% but revenues fell 2%. Intel announced a wide-range restructuring program. Coca-Cola net fell. Yahoo! net swung to a loss.
- Lucy Stoeva
- 19 Apr, 2016
- New York City
European stocks surged to three-month high on positive corporate earnings and momentum in oil prices. Rio Tinto quarterly shipments surged 11%. L''Oreal
- Mukesh Buch
- 19 Apr, 2016
- New York City
Goldman Sachs net dropped after revenues sharply declined in its key businesses. Harley-Davidson net dropped 7% but revenues jumped. IBM net fell. J&J lifted annual sales forecast. Netflix continue to tumble on weak outlook. Philip Morris net plunged. UnitedHealth net soared.
- Lucy Stoeva
- 18 Apr, 2016
- New York City
European markets recovered from the morning decline after oil producers failed to agree on production freeze. Caixabank made a new takeover offer for Banco BPI. Reckitt Benckiser first-quarter sales rose 5%. L''Oreal and Rio Tinto advanced ahead of earnings reports.
- Mukesh Buch
- 18 Apr, 2016
- New York City
Morgan Stanley net tumbled 54% on 21% decline in revenues. PepsiCo profit plummeted 24%. Grainger net plunged 12%. Hasbro net surged 83% after revenues soared 16%. J B Hunt net and revenues jumped.
- Lucy Stoeva
- 15 Apr, 2016
- New York City
European markets trimmed weekly gains as investors were cautious ahead of the Doha meeting of oil producers. Greece outperformed, led by the bank shares after the latest decision from the ECB. Credit Suisse faces fines in Japan for leaking private information.
- Mukesh Buch
- 15 Apr, 2016
- New York City
Citigroup net and revenues tumbled. Charles Schwab profit surged 36% on 16% increase in revenues. First Horizon National net swung to profit after revenues jumped 7%. Regions Financial net soared 18%. Argan net advanced 19%.
- Lucy Stoeva
- 14 Apr, 2016
- New York City
European stock markets searched for direction amid mixed company reports and oil price swings ahead of a key meeting of oil producers. The Bank of England left its main interest rates unchanged at 0.5%. Burberry reported a decline in same-store sales and issued a profit warning for fiscal 2017.
- Mukesh Buch
- 14 Apr, 2016
- New York City
Bank of America net plunged 18% as trading revenue tumbled 16%. BlackRock net tumbled 20% and revenues fell 4%. Delta Air net soared 27%. Progressive net dropped 13% while revenues soared 15%. Wells Fargo profit declined 5% and non-performing assets increased.
- Lucy Stoeva
- 13 Apr, 2016
- New York City
Stock markets in Europe advanced on Wednesday after China said exports rose for the first time in nine months. In Italy, banks surged after government confirmed its plan to solve bad loan issues. McCormick withdrew its bid to acquire Premier Foods.