- Mukesh Buch
- 13 Apr, 2016
- New York City
Adtran net surged 51%. Commerce Bancshares profit rose 7% on 12% jump in revenues. CSX profit and revenues declined. Healthcare Services net soared 20%. JPMorgan net slumped 7% after investment banking segment revenues dropped. Peabody filed for U.S. bankruptcy protection.
- Lucy Stoeva
- 12 Apr, 2016
- New York City
European markets closed higher after oil rebounded ahead of OPEC meeting this weekend and mining companies extended their gains. Anglo American
- Mukesh Buch
- 12 Apr, 2016
- New York City
Alcoa net plunged 92% while revenues jumped 15%. Bank of The Ozarks net and revenues soared. Fastenal net fell but sales increased. Perry Ellis reiterated revenues forecast in the fiscal 2017 and missed the earnings expectations in the latest fiscal year ending in Janyary 2016.
- Mukesh Buch
- 11 Apr, 2016
- New York City
Annaly Capital agreed to acquire Hatteras Financial for $1.5 billion. Canadian Pacific Railway ended its bid to acquire Norfolk Southern. Goldman Sachs agreed to settle the U.S. regulator claims for $5 billion. Yahoo is forced to search buyers for its core assets.
- Lucy Stoeva
- 11 Apr, 2016
- New York City
European market indexes closed higher Monday after mining stocks and Italy banks extended gains. Vivendi agreed to acquire the pay-TV business of MediaSet. Swiss airline catering Gategroup is being acquired by a China based company. Telenor may sell its unit in India.
- Lucy Stoeva
- 08 Apr, 2016
- New York City
European stocks made a strong comeback on Friday and trimmed weekly losses in market indexes as Italian banks rallied and rising oil prices buoyed energy stocks. German trade surplus increased to
- Mukesh Buch
- 08 Apr, 2016
- New York City
Chase Corp net surged 71%. Electro Rent profit plunged 58% on 30% decline in revenues. Griffin net loss narrowed after revenues jumped 8%. PriceSmart net and revenues rose 4%. Ruby Tuesday net loss widened and lowered earnings per share outlook.
- Lucy Stoeva
- 07 Apr, 2016
- New York City
European markets reversed earlier gains as concerns about further rate cuts dragged down shares of banks. Oversea-Chinese Banking acquired wealth management unit in Asia for $320 million from Barclays. Peugeot is looking to raise capital in the high yield bond market.
- Mukesh Buch
- 07 Apr, 2016
- New York City
Apollo Education net loss widened. Bed Bath & Beyond profit declined 6%. ConAgra net swung to profit. CarMax net fell but sales jumped 6%. Hooker Furniture net and revenues dropped. Rite Aid net plunged 64% while revenues soared 21%.
- Lucy Stoeva
- 06 Apr, 2016
- New York City
European stocks moved higher after oil rallied and positive economic data from China. Pfizer and Allegan deal worth $160 billion was canceled after U.S. put up tax hurdles. H&M
- Mukesh Buch
- 06 Apr, 2016
- New York City
Pfizer terminate the agreement to acquire Ireland-based Botox maker Allergan. Acuity Brands and Constellation Brands net and revenues surged. Global Payments net soared 10%. Monsanto profit tumbled 26% on 13% decline in revenues. RPM Intl net swung to profit.
- Mukesh Buch
- 05 Apr, 2016
- New York City
Darden Restaurants net plunged 21% but revenues jumped 7% and chairman of the board resigned. Greenbrier net declined 11% and lifted fiscal revenue forecast. International Speedway net surged 32%. Walgreens Boots Alliance net tumbled 54.5% but sales soared 14%.
- Lucy Stoeva
- 05 Apr, 2016
- New York City
European market indexes fell between 1% and 2.5% after factory orders in Germany unexpectedly dropped. Peugeot SA plummeted 6.5% after its new five-year strategic plan disappointed investors. Vale agreed to sell its stake in a steel plant venture with ThyssenKrupp and focus on core mining business.
- Mukesh Buch
- 04 Apr, 2016
- New York City
Alaska Air agreed to acquire Virgin America for about $2.6 billion. Brocade agreed to acquire small rival Ruckus Wireless in a cash and stock transaction of about $1.5 billion. Blackstone Group agreed to buy India-based Mphasis from Hewlett Packard Enterprise Co for $1.1 billion.
- Lucy Stoeva
- 04 Apr, 2016
- New York City
European stocks moved higher Monday, but gains were limited by losses in French telecoms after the merger talks between Orange and Bouygues came to a halt. Unemployment in the euro zone fell to the lowest level in five years in February.