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Market Update

AstraZeneca, Rolls-Royce Net Swing to Loss; Credit Suisse Net Swing to Profit

Sarla Buch
28 Jul, 2016
New York City

AstraZeneca net swung to a loss. BAE Systems net jumped 5%. Credit Suisse net swung to profit bur revenues plunged 27%. Lloyds Banking net more than doubled. Rolls-Royce net swung to a loss. Shell profit tumbled 80%. Volkswagen net plunged 57%.

Colgate, Dow Chemical, Facebook, MasterCard, Reuters Net Jump

Mukesh Buch
28 Jul, 2016
New York City

Baker Hughes net loss narrowed. ConocoPhillips net loss widened. Colgate-Palmolive net rose 5%. Dow Chemical net surged nearly tripled. Facebook profit and revenues soared. MasterCard net grew 7%. Oracle agreed to buy NetSuite for $9.3 billion. Thomson Reuters net surged 25%.

Apple Profit Tumbles as iPhone Sales Decline; Comcast Net Falls

Mukesh Buch
27 Jul, 2016
New York City

Apple net tumbled 27% as iPhone sales declined 15% but managed to sell more cheaper version of the recently launched phone model. Coca-Cola net surged 11% lifted revenue forecast. Comcast profit dropped 5%. General Dynamics net rose 1%. Hilton net soared 48%. Northrop Grumman net fell 3%.

Airbus, Net Soars, Deutsche Bank Net Tumbles; Glaxo Net Swing to Loss

Sarla Buch
27 Jul, 2016
New York City

Airbus profit surged 16% and the aviation group booked fresh charges of

Du Pont, McDonald's Net Jump; 3M, Caterpillar, Verizon Net Decline

Mukesh Buch
26 Jul, 2016
New York City

3M net and revenues fell. Caterpillar net tumbled 31% on 16% decline in revenues. du Pont profit jumped 9%. Eli Lilly net surged 24%. Gilead Sciences net plunged 22%. Las Vegas Sands profit declined 30%. McDonald''s net rose 3%. Verizon profit slumped 81%.

AB InBev

Sarla Buch
26 Jul, 2016
New York City

AB InBev raised its takeover offer for SABMiller to

Carmike Accepted Revised AMC Offer. Sprint Soars

Mukesh Buch
25 Jul, 2016
New York City

Apollo Global agreed to buy Outerwall. Carmike accepted the revised merger offer from AMC Theatres. Kimberly Clark net swung to profit. Roper net slumped 8% but revenues jumped 5%. Sprint net loss widens but reported record first-quarter subscriber growth.

European Markets Lower On Weaker Oil; Julius Baer, Ryanair in Focus

Sarla Buch
25 Jul, 2016
New York City

Cranswick agreed to sell its Sandwich business to Greencore. Julius Baer said first-half revenues rose 1.2%. LVMH agreed to divest Donna Karan Intl unit. L''Oreal plans to buy U.S.-based IT Cosmetics. Ryanair profit jumped 4% as fares and unit costs decline.

European Markets Extend Weekly Gains; Vodafone, CRH and Skanska in Focus

Sarla Buch
22 Jul, 2016
New York City

European markets extended weekly gains. Big Yellow said revenues in the first-quarter surged 10%. CRH advanced on outlook. Skanska revenues plunged 8%. Vodafone said revenues in the first-quarter declined 4.5%.

Verizon Offers More for Yahoo; GE Net Swings to Profit

Mukesh Buch
22 Jul, 2016
New York City

American Airlines tumbled 44%. GE net swung to profit on 15% surge in revenues. Honeywell lowered revenues forecast. Moody''s net fell 2%. Whirlpool net surged 81% on flat revenues. Verizon is said to offer a higher bid beating rivals to acquire core internet business of Yahoo.

Unilever, Daimler Net Jump, ABB Net Drops; Lufthansa, easyJet Sales Fall

Sarla Buch
21 Jul, 2016
New York City

ABB net plunged 31%. Lufthansa revenues fell 3% and the airline lowered fiscal outlook. Daimler profit and revenues jumped 3%. easyJet revenues slumped 3%. Unilever sales increased 5%. MasterCard agreed to acquire rival VocaLink.

Domino's, GM, Johnson Controls Profit Jump; BNY Mellon, Travelers Net Fall

Mukesh Buch
21 Jul, 2016
New York City

BNY Mellon net and revenues fell. BB&T revenues soared. Biogen profit jumped 13% on 12% increase in revenues. Domino''s Pizza net soared 7%. GM profit more than double. PPG Ind net advanced 10%. Travelers Co net declined 18%.

Lonza and SAP Results Support Slight Advance in European Markets

Sarla Buch
20 Jul, 2016
New York City

Johnson Matthey said group sales jumped 6%. Lonza reported record first-half results as profit soared 75%. Remy Cointreau said sales fell 2%. SAP profit surged 73% and lifted fiscal outlook. Talktalk declined after flat first-half revenues.

Microsoft Earnings Soar Supported by Cloud Business, Abbott Net Drops

Mukesh Buch
20 Jul, 2016
New York City

Abbott net declined 22%. Halliburton net swung to a loss after revenues plummeted 35%. Illinois Tool net jumped 9%. Microsoft net swung to profit but revenues declined 7%. Morgan Stanley net and revenues tumbled. St. Jude Medical net declined 18%.

Monsanto Rejects Higher Offer from Bayer, Zalando Surges 24%

Sarla Buch
19 Jul, 2016
New York City

Bayer fell after Monsanto rejected $65 billion bid. Novartis profit and revenues fell. Rio Tinto said iron ore production soared 8% and shipment jumped 6%. Royal Mail said revenues rose 1%. Zalando surged 24% on higher than expected revenues.