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Investors Look to ECB for More Rate Cuts, European Stocks Struggle

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.

ConAgra Net Swings to Profit; Bed Bath & Beyond, Rite Aid Net Decline

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%.

Rally in Oil Lifts European Stocks, H&M Reveals Aggressive Expansion

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

Pfizer Terminates Allergan Deal, Monsanto Net Plunges

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.

Darden Chairman Resigns, Walgreens Profit Tumbles

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%.

European Markets Drop After German Factory Orders Disappoint

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.

Alaska Air to Buy Virgin America, Brocade Acquires Ruckus

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.

French Telco Merger Talks Struggle, Jobless Rate at 5-Year Low in Europe

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.

Ford, GM March Auto Sales Rise; BlackBerry Net Swing to a Loss

Mukesh Buch
01 Apr, 2016
New York City

BlackBerry net swung to a loss after sales declined 30%. CTC Media net swung to a loss. Franklin Covey slumped 6% after sales fell 2% and quarterly net swung to a loss. Ford March total vehicles sales surged 8% and truck sales soared 11.4%. GM sales rose 0.9% and retail sales jumped 5.9%.

European Markets Down 2% After U.S. Payrolls Increased 215,000 in March

Lucy Stoeva
01 Apr, 2016
New York City

European markets began the quarter with a loss after investors focused on weakening corporate confidence and volatile energy prices headed lower. Tata Steel. Apple dropped Osram from its list of top suppliers. Tata Steel may bid for Thyssenkrupp unit.

European Indexes Trim First Quarter Losses; TUI, Carnival Advance

Lucy Stoeva
31 Mar, 2016
New York City

European markets extended March gains and trimmed first-quarter losses as financial services sector dragged broader market sentiment. Italian banks struggled after rights offering from Banca Popolare di Vicenza may have to be postponed. Bouygues and Orange extended merger deadlines.

ParkerVision Jumps; Lindsay, Movado, Micron, Progress Software Fall

Mukesh Buch
31 Mar, 2016
New York City

Bassett Furniture net plunged 47% while sales surged 15%. Lindsay and Micron Technology net swung to a loss. Movado profit declined 22% but revenues jumped 7%. Progress Software net swung to profit after revenues soared 10% and lowered fiscal outlook.

European Markets Advance 1.5% After Yellen Stressed Caution

Lucy Stoeva
30 Mar, 2016
New York City

European markets advanced 1.5% after U.S. Fed Chair signaled caution in raising interest rates. Steelmakers traded higher on hopes of a European consolidation after Tata Steel said it would leave the British market. Metro AG plans to split its wholesale and electronics retailing businesses.

Carnival, Lululemon Profit Jump; Paychex, UniFirst, Verint Drop

Mukesh Buch
30 Mar, 2016
New York City

Carnival net nearly jumped three-fold. InterOil net loss widened. Lululemon profit jumped 11% on 17% increase in revenues. Paychex net and revenues soared 7%. Sonic profit advanced 40%. UniFirst net plunged 8%. Verint Systems net surged 280.4% while revenues dropped 10%.

Euro Zone Lending Accelerates, Market Indexes Close Mixed

Lucy Stoeva
29 Mar, 2016
New York City

European market indexes closed mixed as bank lending in February rose at the fastest pace since 2011. Oil and base metal prices retreated as the U.S. dollar inched higher.

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