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J&J Bids $3.3 B for Hair Care Products Maker Vogue, Ciena Net Falls

Mukesh Buch
02 Jun, 2016
New York City

J&J consumer unit plans to acquire privately held hair care products maker Vogue International for about $3.3 billion. Ciena net tumbled 32%. CorVel net fell 16%. Conn''''''''s and Joy Global net swung to a loss. Donaldson profit jumped 15%. Mesa Labs net soared 78%.

Ford, GM Sales in May Decline; Michael Kors Net Falls 3%

Mukesh Buch
01 Jun, 2016
New York City

Fiat Chrysler U.S. sales in May rose 1%, Ford sales slumped 6% and GM sales declined 18%. Cracker Barrel net soared 39%. Daktronics net swung to a loss. G-III Apparel profit plunged 59% and reiterated sales outlook. Michael Kors net fell 3%. Vera Bradley net swung to profit.

OECD Lowers Global Outlook, Ahold Profit Surges 13%

Sarla Buch
01 Jun, 2016
New York City

Market indexes across the euro zone declined tracking weak world markets in Asia and in the U.S. OECD lowered global growth outlook. Halfords profit dropped 4%. Ahold net surged 13% to

European Markets Gain In May, Volkswagen Net Plunges 20%

Lucy Stoeva
31 May, 2016
New York City

European stock market indexes closed lower and latest economic data showed the euro zone is still in deflation. However, most major European markets gained in May. Volkswagen reported a 20% drop in profits.

Great Plains and Westar in $8.6 B Deal, Medtronic Net Swings to Profit

Mukesh Buch
31 May, 2016
New York City

Great Plains Energy agreed to acquire Westar Energy for $8.6 billion. Carl Icahn confirmed a ""large position"" in Botox-maker Allergan. Bank of Nova Scotia net declined but revenues jumped. Frontline net and revenues surged. Medtronic net swung to profit.

France, Austria Lift Growth Estimates; PostNL, BPost End Merger Talks

Lucy Stoeva
30 May, 2016
New York City

European stock markets closed slightly higher on Monday after France and Austria revised economic growth estimates. Daimler AG may face record cartel charges from the European Union. Dutch mail operator PostNL and Belgian rival BPost failed to agree on merger terms.

Volatile European Indexes Close Flat, Philips Lighting Surges 10% on Debut

Lucy Stoeva
27 May, 2016
New York City

European stocks closed flat and banks and resource sectors were in focus in the region. Roche AG announced positive results for a new blood cancer drug. Adidas sold its U.S.-based Mitchell & Ness. Philips Lighting jumped 10% to on its first day of trading.

Big Lots, Caleres, Deckers Ulta Salon Jump; Palo Alto Tumbles

Mukesh Buch
27 May, 2016
New York City

Big Lots net and sales rose 3%. Caleres net declined 8%. Deckers Outdoor, Palo Alto Networks and Splunk net loss widened. Multi-Color net plunged 29% but revenues surged 11%. NGL Energy net swung to a loss. Ulta Salon profit jumped 37% on 14% surge in revenues.

European Banks Drop after Banco Popular Announced Rights Issue

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

Dollar Tree Surges 12%, Abercrombie & Fitch Plunges 17%

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%.

European Markets Higher on Greek Debt Deal and Higher Oil

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.

CSC, Hewlett Packard, Thermon Soar; Express, Intuit, Tiffany Fall

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%.

Banks Lead European Markets Higher, SEB to Buy WMF

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

Nordson, Toll Brothers Surge; Best Buy, DSW Fall

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%.

Greece Approves Tax Reforms, Bayer Pursues Monsanto

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.

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