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European Markets Extend Gains, Tullow Cuts 2016 Capex

Lucy Stoeva
13 Jan, 2016
New York City

European sentiment rebounded and investor sought comfort in the latest international trade data from China. Barratt said home completion in six months to December increased 9.4%. U.K. retailer Dunelm blamed the mild winter for the 0.8% drop in sales. Sodexo kept its forecast for 3% revenue growth in 2016.

GM Raises Dividend and Profit Outlook; CSX, Supervalu Decline

Mukesh Buch
13 Jan, 2016
New York City

CSX said net and revenues declined. GM lifted earnings forecast and raised dividend by 6% and approved share buyback of $4 billion. Intuitive Surgical forecasted revenues to soar 12%. Progress Software net swung to a loss. Supervalu profit plunged 57%.

Sensex Rises 0.7%, TCS Quarterly Net Flat

Sarla Buch
13 Jan, 2016
New York City

Tata Consultancy Services said quarterly profit was flat and revenues rose 0.7%. Bharti Airtel plans to sell its two units in Africa to France-based Orange. Tata Power plans to raise ₹500 crore through a debenture offering.

European Markets Turn Corner, Debenhams and Morrison Jump

Lucy Stoeva
12 Jan, 2016
New York City

European stocks rebounded as domestic companies issued better than expected quarterly updates and markets in China stabilized. In the U.K., retailers Debenhams and Wm. Morrison Supermarkets surged after posting better than expected Christmas sales. SAP

Nikkei Plunges 2.7%, Japan's Current Account Surplus Narrows

Hiruki Nakamura
12 Jan, 2016
New York City

Nikkei in Tokyo extended year-to-date losses and the yen advanced after the crude oil prices fell and stocks in Shanghai faced more downward volatility. Current account surplus narrowed in November. Aeon Co plunged nearly 10% after reporting a loss.

Sensex Declines 0.6%, Adani Ports to Raise $700 M

Sarla Buch
12 Jan, 2016
New York City

Sensex in Mumbai extended weekly losses and the rupee drifted near record low. IndusInd Bank surged 30%. L&T extended construction order wins in 2016. NIIT received contract worth

Alcoa Net Swings to Loss, IHS Net Jumps 50%

Mukesh Buch
12 Jan, 2016
New York City

Alcoa net swung to a loss aluminium maker estimated global demand to rise in the year. IHS profit soared 50%. Team net tumbled 34% despite revenues soared 17%. VOXX International net and revenues declined.

Sensex Falls 0.4% on China Jitters, Rupee Edges Lower

Sarla Buch
11 Jan, 2016
New York City

Tata Motors said Jaguar Land Rover December sales jumped 5%. Anil Ambani-led Reliance Group and Andhra Pradesh state government agreed to set up a defence manufacturing unit with an initial investment of $800 million.

Euro Weakens, Continental Forecasts Growth to Fall to 5%

Lucy Stoeva
11 Jan, 2016
New York City

European markets closed higher after a volatile session and another day of sell-off in Shanghai. The European Commission ruled that 35 multinational companies will have to pay additional taxes of

Shire to Acquire Baxalta for $32 B, Apollo Education Soar

Mukesh Buch
11 Jan, 2016
New York City

Baxalta agreed to be acquired by Shire for $32 billion. Apollo Education net swung to a loss. Schulman profit tumbled 61%. Arch Coal tumbled after filing for chapter 11 bankruptcy protection. IHS agreed to acquire Oil Price Information Service for $650 million.

FedEx Wins European Approval for TNT; Acuity Brands, PriceSmart Fall

Mukesh Buch
08 Jan, 2016
New York City

Acuity Brands net jumped 34%. Bed Bath & Beyond profit tumbled 21%. FedEx won a regulatory approval to acquire TNT Express. PriceSmart net soared 15%. Synnex net advanced 9%. WD-40 net jumped 12%.

European Markets Stabilize On Shanghai Rebound

Lucy Stoeva
08 Jan, 2016
New York City

Stock in Europe moved higher on Friday but market indexes registered losses weekly losses of as much as 6%. German industrial production declined 0.3% in November, while the U.K. trade deficit narrowed. Glencore wins antitrust court ruling in the U.S.

Chipotle Lower Earnings Estimates, Walgreens Net Rises 31%

Mukesh Buch
07 Jan, 2016
New York City

Constellation Brands net surged 22%. Chipotle lowered earnings per share forecast for the fourth-quarter. Costco comparable store sales in December rose 1%. Finish Line net swung to a loss. Honeywell agreed to acquire the remaining 30% stake in UOP Russell. Walgreens net soared 31%.

Nikkei Extends Weekly Losses to 6.6% on Shanghai Trading Halt

Hiruki Nakamura
07 Jan, 2016
New York City

Nikkei average in Tokyo declined 2.3% and extended weekly losses to 6.6% after a surprise devaluation in China put investors on guard. Shanghai stock trading was halted for the second day this week after the index dropped 7% in the first 29 minutes of trading.

European Markets Drop 2% on China Trading Halt and Devaluation

Lucy Stoeva
07 Jan, 2016
New York City

European markets dropped 2% after China let yuan drop further and faster. The euro zone unemployment fell to 10.5% in November, the lowest level in four years. Marks & Spencer said chief executive plans to retire in 2016. Jewelry retailer and maker Pandora said 2015 revenues increased 40%.

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