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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.

European Markets Halt 7-Day Decline, Opera Software Soars 33%

Lucy Stoeva
10 Feb, 2016
New York City

European markets halted 7-day losing streak after investors returned for bargain hunting. Deutsche Bank rebounded on unconfirmed reports that the largest German bank may buy back bonds. Opera Software surged 33.5% after receiving an offer for $1.23 billion from China.

CVS Health, Coca-Cola Profit Jump; Twenty-First Century Fox Net Tumbles

Mukesh Buch
09 Feb, 2016
New York City

Agrium profit surged but revenues declined. CVS Health net jumped 15%. CDW net soared 73%. HCP net swung to loss after revenues declined 11%. Ingersoll-Rand net fell 9%. Coca-Cola profit soared 61%. Twenty-First Century Fox net tumbled 89%. Waste Connections net dropped.

Banks Extends Losses in Europe on Capital Adequacy Worries

Lucy Stoeva
09 Feb, 2016
New York City

European market indexes dropped to 2-year lows on the growing concerns over the profitability and the adequacy of capitalization of banks. German industrial production fell 1.2% and exports declined 1.6% in December. Vestas Wind Systems, the wind-turbine maker, reported record revenue in 2015.

Disney Net Ahead of Expectations, Time Warner Reports Mixed Earnings

Mukesh Buch
10 Feb, 2016
New York City

Akamai Technologies net fell but revenues jumped. Assurant net surged 32%. DTE Energy net tumbled 73%. Walt Disney net and revenues jumped. Humana profit plunged 30% but revenues increased 8%. Sealed Air net jumped. Time Warner net surged 19%. Western Union net fell.

Apollo Education Agrees to go Private, Loews Net Swings to Loss

Mukesh Buch
08 Feb, 2016
New York City

Apollo Education agreed to be acquired by Apollo Global Management. Cognizant net and revenues surged but lowered on weak forecast. CTS fell despite net swung to profit. Hasbro net jumped 4%. Loews net swung to a loss. Mercury General net swung to profit.

European Markets Drop 2% on Banking Sector Health Worries

Lucy Stoeva
08 Feb, 2016
New York City

European stocks fell sharply on Monday on the fresh worries of the banking sector health and concerns over the global economic growth. Eurobank Ergasias in Greece plunged 29.2%. Gold miner Randgold Resources jumped 13% on the dividend hike and exploration progress.

CME, Cummins, Moody's Profit Decline; ArcelorMittal Net Loss Widens

Mukesh Buch
05 Feb, 2016
New York City

AON net surged on flat revenues. ArcelorMittal net loss widened and the steelmaker plans to raise $4 billion to reduce net debt of $12 billion. Ametek net declined 10%. CME profit dropped 5%. Cummins net plunged 64% on 6% decline in revenues. Estee Lauder net rose 2%. Moody''s net fell.

European Resource Stocks Rally Again, Arcelor Plans $3 B Offering

Lucy Stoeva
05 Feb, 2016
New York City

European stock trading was volatile and markets were mixed on the weak U.S. jobs data and a rally in mining, and gains in banking and retail sector. ArcelorMittal plans to launch a $3 billion offer to reduce net debt of $12 billion. BNP Paribas plans to cut costs and increase its dividend.

McGraw, Xylem Rise; AstraZeneca, ConocoPhillips, Ralph Lauren Fall

Mukesh Buch
04 Feb, 2016
New York City

AstraZeneca net swung to profit but revenues dropped. ConocoPhillips net loss widened and lowered capital expenditures forecast. Cigna net declined while revenues jumped. McGraw Hill net swung to profit. Philip Morris net plunged. Ralph Lauren net tumbled. Xylem net surged.

Resource Stocks Rally in Europe; Credit Suisse, ING and Lafarge in Focus

Lucy Stoeva
04 Feb, 2016
New York City

European markets rebounded after a rally in resource sector on the weakening dollar. Credit Suisse plummeted after reporting its first full-year loss since 2008. LafargeHolcim proposed selling its entire operation in India.

Lowe's in $2.3 B Deal with Rona; Comcast Net Jumps, Merck Profit Drops

Mukesh Buch
03 Feb, 2016
New York City

Becton Dickinson net fell 3% but revenues soared 46%. Comcast net rose 3%. Exelon profit surged while revenues declined 8%. GM net surged. International Paper net soared 33%. Lowe''s agreed to acquire Canada-based Rona for $2.3 billion. Merck profit tumbled 87%.

European Markets Extend 3-Day Losses, LVMH Soars 7%

Lucy Stoeva
03 Feb, 2016
New York City

European stocks declined for the third day in a row on weak earnings reports from key companies. Finland controlled utility Fortum said adjusted operating profit tumbled 34%. Italian banks extended losses by as much as 8% on the rising non-performing loan portfolios.

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