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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.

Volatile European Markets Close Higher; Aegon, C Agricole and KBC in Focus

Lucy Stoeva
12 May, 2016
New York City

European markets closed lower amid high volatility brought by oil prices and corporate earnings. Dutch insurer Aegon, French lender Credit Agricole and online fashion retailer Zalando reported disappointing first-quarter earnings. Howeverm KBC Group, RWE, and Zurich Insurance exceeded expectations.

CA, Jack in the Box, Vista Outdoor Jump; AerCap, Kohl's Decline

Mukesh Buch
12 May, 2016
New York City

AerCap net declined 28%. CA net surged 15%. Jack in the Box forecasted positive yearly outlook. Kohl''s net plunged 87%. Prestige Brands net declined 42% but lifted revenue estimate. Ralph Lauren net tumbled 67%. Vista Outdoor net and revenues surged.

European Markets Drop on Weak Earnings, Carlsberg, JCDecaux Fall

Lucy Stoeva
11 May, 2016
New York City

European stock markets declined on disappointing earnings reports and company news. JCDecaux lowered its second-quarter outlook. Banco Popolare reported first-quarter loss due to loan write-downs. Carlsberg

Disney, Fossil, Macy's, Wendy

Mukesh Buch
11 May, 2016
New York City

Aramark reaffirmed earnings outlook and said net soared 11%. Disney net rose 2%. Fossil profit tumbled 85% on 9% decline in revenues. Macy''''s lowered earnings forecast. Wendy

Echostar Net Ahead of Expectations, MBIA Struggles

Mukesh Buch
10 May, 2016
New York City

A. M. Castle net loss widened to $36.9 million after sales declined 13%. Echostar profit surged 52%. MBIA net swung to a loss on 26% plunge in revenues. Dean Foods net swung to profit while revenues dropped 8%. Lumber Liquidators net loss widened on 10% drop in revenues.

European Markets Gain on Positive Earnings and Greek Outlook

Lucy Stoeva
10 May, 2016
New York City

European shares advanced on Tuesday as positive developments in Greece

European Markets Trade Sideways as Volatile Oil Closes Up

Lucy Stoeva
09 May, 2016
New York City

European markets closed mixed on Monday, tracking the movement in volatile oil prices and reflecting the weak international data from China. Alstria Office REIT said funds from operations grew 24.5% in the first-quarter of 2016. ITE Group

Krispy Goes Private, Charter Wins Regulatory Approval Time Warner Cable

Mukesh Buch
09 May, 2016
New York City

Charter Communications won final clearance to acquire Time Warner Cable. Krispy Kreme agreed to be taken private by Germany-based JAB. Freeport agreed to sell stake in TF Holdings to China-based Molybdenum. Drew net jumped 79%. HCP plans to spin off its HCR ManorCare portfolio.

Cognizant, Mohawk Net Jump; ArcelorMittal Net Loss Narrows

Mukesh Buch
06 May, 2016
New York City

Alleghany net and revenues surged. ArcelorMittal net loss narrowed. Cigna net loss fell 3% but revenues jumped 6%. Cognizant Tech net soared 15%. Consolidated Edison net declined 16% on 13% fall in revenues. Exelon profit tumbled 75%. Fiserv net soared 62%. Mohawk net soared.

Late Rebound In European Indexes After Mixed U.S. Employment Data

Lucy Stoeva
06 May, 2016
New York City

European markets erased earlier losses in a late rebound after the U.S. employment data sent offered mixed outlook. ArcelorMittal said loss narrowed and the steelmaker kept its 2016 guidance unchanged. Banca Monte dei Paschi di Siena posted higher-than-expected net income.

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