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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.

Bayer Offers $62 B for Monsanto, GE to Invest $3 B in Saudi Arabia

Mukesh Buch
23 May, 2016
New York City

Ares Capital intends to acquire American Capital for $3.4 billion. GE agreed to invest $3 billion in Saudi Arabia with $2 billion in the same sectors after next year. General Atlantic agreed to buy majority stake in the oil price reporter Argus Media for $1.45 billion.

Deere, Ross Stores Profit Decline; Gap Accelerates Restructuring

Mukesh Buch
20 May, 2016
New York City

Buckle profit and sales declined. Campbell Soup profit rose. Deere & Co net plunged 28%. Foot Locker net and sales jumped 4%. The Gap profit tumbled 47% and closed 53 Old Navy stores in Japan. Ross Stores net rose 3%.

European Markets Drop 1.9%, Missing EgyptApir Plane Weigh on Sentiment

Lucy Stoeva
19 May, 2016
New York City

Stocks in Europe traded sharply lower after a missing EgyptAir plane dragged down shares of travel companies. The prospects of a U.S rate hike and a stronger dollar weighed on resource stocks. Thomas Cook plunged 18% on a lower full-year outlook.

Cato, Cisco, Dicks Sporting Jump; L Brands, Stage Stores, Toro Decline

Mukesh Buch
19 May, 2016
New York City

Advance Auto Parts net jumped 7%. Brady net surged 22%. Cato lowered earnings outlook. Cisco net dropped 4%. Dicks Sporting declined 10%. L Brands net tumbled 39% and the retailer lowered earnings forecast. Stein Mart net rose. Toro net soared. Stage Stores plunged 18%.

European Banks Gain on Merger Speculation; Burberry, Sonova Fall

Lucy Stoeva
18 May, 2016
New York City

Trading in Europe was volatile on Wednesday, but markets staged a late rebound. Burberry fell 2.2% after reporting an 8% drop in profit. Sonova tumbled 6.8% after the Swiss hearing aid maker missed its full-year sales and profit targets.

Lowe's Net Surges 31%; Target Plunges on Revenue Decline

Mukesh Buch
18 May, 2016
New York City

Analog Devices net plunged 17% and revenues fell 5%. Booz Allen profit surged 51%. Lowe''s net surged 31%. Staples lowered sales outlook and said net declined 18%. Target profit fell on 5% fall in revenues.

Home Depot, TJX Net Surge; Red Robin Gourmet Net Declines

Mukesh Buch
17 May, 2016
New York City

Agilent Technologies net and sales jumped. Children

Lackluster Trading in European Stocks, Telecom Italia to Cut

Lucy Stoeva
16 May, 2016
New York City

European stocks recovered after a volatile day as a rally in oil prices offset disappointing economic data from China. Eutelsat extended two-day loss to more than 31%. Telecom Italia more than doubled its cost-cutting target to

Berkshire Takes Stake in Apple, Pfizer in $5.2 B Deal with Anacor

Mukesh Buch
16 May, 2016
New York City

Berkshire Hathaway acquired about $1 billion worth shares in Apple. Gannett raised its offer to acquire Tribune Publishing. Pfizer plans to acquire Anacor Pharmaceuticals for about $5.2 billion. Virtusa net jumped 6%.

Vodafone and Taylor Wimpey Lift Dividend, European Indexes Close Mixed

Lucy Stoeva
17 May, 2016
New York City

European stock markets erased early gains. U.K. homebuilder Taylor Wimpey surged 4.7% on better than expected dividend payout policy. Vodafone rose 1.5%, after the telecom operator said its European business grew for the first time in six years and increased its dividend payout.

Euro Zone Growth Slows, Eutelsat Plummets 30%

Lucy Stoeva
13 May, 2016
New York City

European markets rebounded from the earlier losses after the euro zone economic growth was below expectations. Eutelsat plummeted 27% after the satellite operator negatively revised its forecasts due to slow industry growth. Ubisoft, the French video games maker announced an improved outlook.

NVIDIA, Symantec Profit Jump; Nordstrom Net Plunges 64%

Mukesh Buch
13 May, 2016
New York City

Brookfield Asset Management net tumbled 56% but revenues soared 19%. Dillard''s net declined 29%. J C Penney net loss narrowed. Nordstrom profit plunged 64% and lowered revenue outlook. Luxoft net and revenues surged. NVIDIA net soared 46%. Symantec profit surged.

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