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GE Net Surges; American Express, Legg Mason, Rockwell Fall

Mukesh Buch
22 Jan, 2016
New York City

American Express net declined 38% on 8% drop in revenues. Boeing plans to cut its production of 747 aircrafts and book an after-tax charge of $569 million. GE net income surged 22%.

BNY Mellon in $2.7 B Deal with Atherton, Verizon Net Swings to Profit

Mukesh Buch
21 Jan, 2016
New York City

BNY Mellon net surged two-fold and agreed to acquire the assets of Atherton Lane Advisers for $2.7 billion. BB&T net declined 9%. Fifth Third Bancorp net surged 75%. F5 Networks net rose 0.7%. J B Hunt profit jumped 6%. Key Corp net plunged 11%. Verizon net swung to profit.

Draghi Comments Lift European Markets

Lucy Stoeva
21 Jan, 2016
New York City

European Central Bank left key lending rate on hold and showed willingness to review monetary policy. Deutsche Bank warned of an annual loss of

European Markets Dive as Oil Drops to New Multi-Year Low

Lucy Stoeva
20 Jan, 2016
New York City

European market indexes dropped more than 2% on the persistent oil price decline and China slowdown worries. In Italy, liquidity jitters took banking stocks down. BHP Billiton Plc dropped 7.4% after the mining giant cut its forecast for iron-ore production and wrote down more assets.

Apple to Build Retail Operations in India; Goldman Sachs, IBM Net Fall

Mukesh Buch
20 Jan, 2016
New York City

Apple Inc moved to build retail operations in India as the mobile devices maker struggles with global sales growth. Goldman Sachs profit tumbled 72%. IBM net declined 19% on 9% plummet in revenues. Northern Trust net fell 2%. Netflix net plunged 48%.

Delta Air and Morgan Stanley Net Swung to Profit

Mukesh Buch
19 Jan, 2016
New York City

Bank of America net soared 10%. Charles Schwab profit surged 19%. Comerica net plunged 13% but revenues jumped 4%. Delta Air Lines and Morgan Stanley net swung to profit. M&T Bank net fell 2% while revenues surged 19%.

European Markets Turn Higher on China Economic Growth Data

Lucy Stoeva
19 Jan, 2016
New York City

Resource stocks lead European markets higher after China reported better-than-expected growth in the final quarter of 2015. In Milan, Banca Monte dei Paschi di Siena plummeted 13.3% and other banks were halted as ECB reviews non-performing loans. Unilever said 2015 revenues increased 10%.

ECB Reviews Non-Performing Loans at Banks, Volatile European Markets

Lucy Stoeva
18 Jan, 2016
New York City

European markets lost ground in a volatile trading session. Banks declined on reports that the European Central Bank reviewed non-performing loans at large banks. Adidas surged 5.1% after appointing new chief executive.

Nikkei in Tokoy Extends 2016 Losses to 9.9%

Hiruki Nakamura
16 Jan, 2016
New York City

Nikkei average closed down as markets in Asia dropped for the second week in a row. Nikkei extended weekly loss to 3.4% and plunged nearly 10% in 2016.

GE in $5.7 B Deal with Haier; BlackRock, Citigroup Profit Surge

Mukesh Buch
15 Jan, 2016
New York City

BlackRock profit jumped 6%. Citigroup net surged after loan losses slumped and operating expenses declined. GE plans to sell its appliance business to China-based Haier for $5.4 billion. Fastenal net declined 6%. Wells Fargo net in the quarter was flat at $5.7 billion.

European Markets Drop 2% on China Worries and Plummeting Oil Price

Lucy Stoeva
15 Jan, 2016
New York City

European stock markets extended losses as oil prices tanked below $30 a barrel and the outlook on China remained pessimistic. BHP Billiton wrote down $7.2 billion in U.S. shale assets. Renault confirmed French investigation for emissions fraud. H&M posted better-than-expected December sales.

S&P 500 Down 3% on Global Gloom and Oil Below $30

Nichole Harper
15 Jan, 2016
New York City

Market indexes on Wall Street accelerated declne after another day of sell-off in China spread to Asia and Europe. Indexes in China dipped into bear zone and European markets declined more than 1% and crude oil dipped to a new low in the year and retail sales dipped 0.1% in December.

China and India Indexes Approach Bear Zone, Rupee Drifts Lower

Sarla Buch
15 Jan, 2016
New York City

Stocks in Mumbai traded lower and extended weekly and year loss after weak profit from Hindustan Lever added to global market jitters. Emerging markets and commodities continued to struggle on the growing worries that China may let yuan drift lower by another 10% to sustain exports.

Rupee Drifts to New Low Despite Oil at 12-Year Low

Sarla Buch
14 Jan, 2016
New York City

Market indexes on Dalal Street extended weekly losses and the rupee dropped to a new record low despite the crude oil price falling to 12-year low. Infosys said quarterly profit rose 7%. Everest Industries net more than doubled. Cyient net declined 12%.

JPMorgan Profit Soars; Best Buy, GoPro Decline on Weak Sales

Mukesh Buch
14 Jan, 2016
New York City

JPMorgan Chase net soared 10% as non-interest expense fell 7%. Best Buy plunged 8% after the retailer lowered revenues outlook. GoPro tumbled on lower than anticipated sales. AEP Ind net swung to profit. Clarcor net tumbled 24%. HB Fuller net more than doubled.

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