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Broad Rally in Europe, Sterling Drops on Brexit Worries

Lucy Stoeva
22 Feb, 2016
New York City

A surge in resource prices and the market rebound in Asia powered the stock rally in Europe. The U.K. pound dropped nearly 2% on the concerns that the U.K. may leave the European Union. HSBC reported a surprise pre-tax loss of. Vivendi increased its share in Telecom Italia to 22.8%.

Allergan Loss Narrows, Dean Foods Net Surges

Mukesh Buch
22 Feb, 2016
New York City

AT&T plans to invest $10 billion in its global business solutions unit. Allergan net loss narrowed but revenues soared. Cobalt Intl net loss widened. Dean Foods net surged while revenues plunged. Envision Healthcare net plummeted. LTC Properties net declined 11% to $18 million.

European Markets Trim Weekly Gains, Allianz and Valeo in Focus

Lucy Stoeva
19 Feb, 2016
New York City

European bourses trimmed weekly gains after oil price resumed slide. French auto parts maker Valeo raised its dividend by 36% after net profit surged 30%. Insurer Allianz reported profit growth of 6.3%.

Barnes Group, Brady Jump; CST Brands, Deere, Gentherm, VF Corp Fall

Mukesh Buch
19 Feb, 2016
New York City

Barnes Group net plunged. Brady Corp profit jumped 32% and safety products maker lifted fiscal forecast. CIRCOR net and revenues tumbled. CST Brands declined 73%. Consolidated Edison net jumped 117% but revenues dropped. Deere & Co net plummeted 34%. Virgin America net surged.

European Markets Extend Gains, Weak Resource Sector Weigh on FTSE

Lucy Stoeva
18 Feb, 2016
New York City

European markets gained on renewed hopes of more stimulus from the European Central Bank, but profit taking in resource stocks weighed on the U.K. market. Air France-KLM soared 11% after reporting its first annual profit since 2008. Nestl

IBM in $2.6 B Deal with Truven Health; Hyatt, Wal-Mart Net Tumble

Mukesh Buch
18 Feb, 2016
New York City

Cott Corp net swung to a loss. Choice Hotels net and revenues surged. Duke Energy net fell. DISH Network and Perrigo net swung to a loss. Hyatt Hotels net tumbled. IBM agreed to acquire Truven Health for $2.6 billion. Wal-Mart net declined.

GEO, Medicines, Noble Energy, Priceline Group Soar; Gannett Drops

Mukesh Buch
17 Feb, 2016
New York City

Analog Devices profit declined 8%. Gannett net tumbled 70%. GEO Group profit and revenues surged. Medicines net loss widened. Noble Energy net swung to a loss. Priceline Group net and revenues jumped. T-Mobile US net soared 180% and added 2.1 million net customers.

Banks and Resource Stocks Lead European Markets 2% Rebound

Lucy Stoeva
17 Feb, 2016
New York City

European indexes gained 2% fueled by positive news from the banking and resource sectors. Glencore announced new loan facility. Credit Agricole posted better-than-expected results and simplified its ownership structure. Schneider Electric SE increased its dividend and share-buyback program.

European Markets Turn Volatile on German Economic Outlook

Lucy Stoeva
16 Feb, 2016
New York City

European markets were mixed on Tuesday after volatile banking stocks turned lower and renewed concerns over oil prices. In Germany, economic expectations sank to 1.0 in February from 10.2 in January. Anglo American doubled its net loss in 2015.

ADT Goes Private in $7 B Deal, Freeport Raises $1 B

Mukesh Buch
16 Feb, 2016
New York City

ADT agreed to be acquired by Apollo Global for $7 billion. Baxalta net plunged 88%. Freeport agreed to sell its 13% stake to Sumitomo Metal Mining. Generac net plummeted 81% and agreed to acquire a majority stake in Italy-based PR Industrial. Hormel Foods net soared.

Second Day Advance in European Markets on the Resurgent Bank Stocks

Lucy Stoeva
15 Feb, 2016
New York City

Stock market indexes extended gains for the second day in a row banking stocks rebounded on possible ECB purchase of Italian bad loans. Telecom sector heated up on the recent merger activity. HSBC Holdings decided to keep its headquarters in London.

ITT, Red Robin, Verisign Jump; Activision, Dentsply Decline

Mukesh Buch
12 Feb, 2016
New York City

Activision Blizzard net plunged 56% on 15% decline in revenues. Dentsply Intl net tumbled 31%. ITT profit jumped 9%. LifePoint Health net surged. Portland General Electric net soared 19%. Red Robin Gourmet Burgers net jumped. Ventas net advanced. Verisign profit soared 57%.

Cisco, PepsiCo Profit Surge; Kellogg and Twitter Net Loss Narrow

Mukesh Buch
11 Feb, 2016
New York City

Avon net loss widened after revenue fell 20%. BorgWarner net declined 10% but revenues jumped. Cisco net soared 31% on flat revenues. Kellogg and Twitter net loss narrowed. PepsiCo profit surged 31%. Reuters net tumbled 65%. Teva Pharma net plummeted 29%.

Commerzbank Leads Volatile Banks Higher in Europe

Lucy Stoeva
12 Feb, 2016
New York City

European shares recovered on the back of a rally in oil, while Commerzbank

European Markets Extend Feb Loss to 10%, Banks Lead Decliners

Lucy Stoeva
11 Feb, 2016
New York City

European markets extended February losses to about 10% as concerns over the banking and resource sectors dominated the session. Societe Generale net fell short of expectations. Rio Tinto Plc swung to a loss and discarded its dividend policy.

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