- Mukesh Buch
- 05 Feb, 2016
- New York City
AON net surged on flat revenues. ArcelorMittal net loss widened and the steelmaker plans to raise $4 billion to reduce net debt of $12 billion. Ametek net declined 10%. CME profit dropped 5%. Cummins net plunged 64% on 6% decline in revenues. Estee Lauder net rose 2%. Moody''s net fell.
- Lucy Stoeva
- 05 Feb, 2016
- New York City
European stock trading was volatile and markets were mixed on the weak U.S. jobs data and a rally in mining, and gains in banking and retail sector. ArcelorMittal plans to launch a $3 billion offer to reduce net debt of $12 billion. BNP Paribas plans to cut costs and increase its dividend.
- Mukesh Buch
- 04 Feb, 2016
- New York City
AstraZeneca net swung to profit but revenues dropped. ConocoPhillips net loss widened and lowered capital expenditures forecast. Cigna net declined while revenues jumped. McGraw Hill net swung to profit. Philip Morris net plunged. Ralph Lauren net tumbled. Xylem net surged.
- Lucy Stoeva
- 04 Feb, 2016
- New York City
European markets rebounded after a rally in resource sector on the weakening dollar. Credit Suisse plummeted after reporting its first full-year loss since 2008. LafargeHolcim proposed selling its entire operation in India.
- Mukesh Buch
- 03 Feb, 2016
- New York City
Becton Dickinson net fell 3% but revenues soared 46%. Comcast net rose 3%. Exelon profit surged while revenues declined 8%. GM net surged. International Paper net soared 33%. Lowe''s agreed to acquire Canada-based Rona for $2.3 billion. Merck profit tumbled 87%.
- Lucy Stoeva
- 03 Feb, 2016
- New York City
European stocks declined for the third day in a row on weak earnings reports from key companies. Finland controlled utility Fortum said adjusted operating profit tumbled 34%. Italian banks extended losses by as much as 8% on the rising non-performing loan portfolios.
- Lucy Stoeva
- 02 Feb, 2016
- New York City
European equities extended losses as oil prices continued to slide. UBS Group reported an unexpected outflow of 3.4 billion Swiss francs from its wealth management business. BP Plc posted its worst results in more than 20 years and announced 3,000 job cuts.
- Mukesh Buch
- 02 Feb, 2016
- New York City
Archer Daniels net rose but sales fell. Alphabet net jumped. BP net loss narrowed and the oil explorer booked $2.6 billion of restructuring charges. Dow Chemical net surged. Exxon Mobil net tumbled 58%. Ford and GM sales drop in January. Pfizer profit plunged 50%.
- Lucy Stoeva
- 01 Feb, 2016
- New York City
European markets edged down on weak manufacturing data from China and the euro zone, disappointing news from Nokia, and the decline in oil prices. BT Group
- Mukesh Buch
- 01 Feb, 2016
- New York City
Abbott agreed to acquire Alere for $5.8 billion. Aetna net soared 38%. Cardinal Health net rose. Dominion Resources agreed to acquire Questar for $4.4 billion in cash. Hill-Rom net tumbled 60% but revenues surged 42%. Roper net jumped 12%. Sysco net soared 72%.
- Lucy Stoeva
- 29 Jan, 2016
- New York City
European indexes soared at least 2% after the Bank of Japan surprised the markets by adopting negative interest rates. The banking sector staged a recovery after positive news from Banco de Sabadell in Madrid and rumors about possible mergers in Italy.
- Mukesh Buch
- 29 Jan, 2016
- New York City
American Airlines net surged but revenues fell. Colgate-Palmolive and Chevron net swung to a loss after sales declined. Honeywell net soared 25%. MasterCard profit surged 11%. Phillips 66 net and revenues tumbled. Seagate net tumbled 82%. Whirlpool net jumped.
- Mukesh Buch
- 28 Jan, 2016
- New York City
Abbott net plunged 15% after global sales dropped. American Electric net surged but sales fell. Bristol-Myers, Baker Hughes and Caterpillar net swung to a loss. Eli Lilly profit soared 12%. Ford net swung to profit. Time Warner Cable net plunged 12%. T. Rowe profit slid 4%.
- Lucy Stoeva
- 28 Jan, 2016
- New York City
European stocks dropped in choppy trading as disappointing earnings and turmoil in the banking sector offset the rally in oil prices. Deutsche Bank reported its first annual loss since 2008. H&M net fell 11% due to unfavorable currency and the warm winter. Roche warned of growth slowdown in 2016.
- Lucy Stoeva
- 27 Jan, 2016
- New York City
European markets recorded gains on Wednesday after a volatile trading session. Ericsson fell 6% despite reporting 67% growth in net profit. Novartis said fourth-quarter net profit tumbled 57% due to poor performance of its eye-care business. BASF wrote down