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Morgan Stanley, PepsiCo, Grainger Profit Plunge; Hasbro Net Surges

Mukesh Buch
18 Apr, 2016
New York City

Morgan Stanley net tumbled 54% on 21% decline in revenues. PepsiCo profit plummeted 24%. Grainger net plunged 12%. Hasbro net surged 83% after revenues soared 16%. J B Hunt net and revenues jumped.

European Markets Trim Weekly Advance on Oil Jitters

Lucy Stoeva
15 Apr, 2016
New York City

European markets trimmed weekly gains as investors were cautious ahead of the Doha meeting of oil producers. Greece outperformed, led by the bank shares after the latest decision from the ECB. Credit Suisse faces fines in Japan for leaking private information.

Citigroup Revenues Decline, Regions and Schwab Profit Surge

Mukesh Buch
15 Apr, 2016
New York City

Citigroup net and revenues tumbled. Charles Schwab profit surged 36% on 16% increase in revenues. First Horizon National net swung to profit after revenues jumped 7%. Regions Financial net soared 18%. Argan net advanced 19%.

BoE Left Rates at Historic Low, Wild Swings in Oil Ahead of OPEC Meeting

Lucy Stoeva
14 Apr, 2016
New York City

European stock markets searched for direction amid mixed company reports and oil price swings ahead of a key meeting of oil producers. The Bank of England left its main interest rates unchanged at 0.5%. Burberry reported a decline in same-store sales and issued a profit warning for fiscal 2017.

Bank of America, BlackRock, Wells Fargo Profit Decline

Mukesh Buch
14 Apr, 2016
New York City

Bank of America net plunged 18% as trading revenue tumbled 16%. BlackRock net tumbled 20% and revenues fell 4%. Delta Air net soared 27%. Progressive net dropped 13% while revenues soared 15%. Wells Fargo profit declined 5% and non-performing assets increased.

European Stocks Rise on China Export Growth, McCormick Withdrew Premier Offer

Lucy Stoeva
13 Apr, 2016
New York City

Stock markets in Europe advanced on Wednesday after China said exports rose for the first time in nine months. In Italy, banks surged after government confirmed its plan to solve bad loan issues. McCormick withdrew its bid to acquire Premier Foods.

JPMorgan Net Declines, Peabody Seeks Bankruptcy Protection

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.

Italy Sets Up Bank Bailout Fund, Speculation Drives Oil Higher

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

Alcoa Miss Earnings Estimate, Perry Ellis Mises Earnings Expectations

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.

Goldman Settles Mortgage Claims for $5 B, Yahoo Seeks Buyers

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.

Italy Banks Leand European Advance, Vivendi to Acquire Mediaset Pay-TV Unit

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.

European Indexes Trim Weekly Losses On a Rebound in Banks and Resource Stocks

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

Twitter Appoints New CFO, PriceSmart Revenues and Net Jumps

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.

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%.

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