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Valeant Tumbles After Quarterly Losses, Ralph Lauren to Restructure

Mukesh Buch
07 Jun, 2016
New York City

HD Supply and Valeant Pharma net swung to a loss. Hooker Furniture net declined 29% but revenues more than doubled. Michaels profit and revenues jumped. Navistar lowered fiscal outlook. Verizon plans a second bid for internet business of Yahoo.

easyJet Traffic in May Jumps, Intertrust Acquires Electra Partners for

Sarla Buch
06 Jun, 2016
New York City

easyJet passenger count in May jumped 5.7% but load factor edged down. Intertrust agreed to acquire Elian Group from Electra Partners LLP for about

BlackRock in $2.5 B Deal with Qatar Investment, Qlink Goes Private

Mukesh Buch
06 Jun, 2016
New York City

BlackRock agreed to sell its Singapore-based 43-story office building to Qatar Investment for $2.45 billion. Calavo Growers net jumped 14%. salesforce.com will commence $2.8 billion offer to acquire Demandware Inc. Thoma Bravo agreed to take private Qlik Technologies for $3 billion.

Cooper, IDT Rise; Sears Hometown, Zumiez Fall

Mukesh Buch
03 Jun, 2016
New York City

Ambarella net and revenues tumbled. Cooper Companies net soared 22%. Five Below net surged 58% on 25% increase in revenues. Hurco net declined 8% but revenues jumped 4%. IDT revenues slumped 8%. Sears Hometown net swung to a loss.

European Markets Trim Weekly Gains, Accor Leads on China Stake Increase

Sarla Buch
03 Jun, 2016
New York City

European markets trimmed weekly gains and retail sales in April were stable. Accor jumped after China-based Jin Jiang intends to increase its stake to 29%. BP agreed to settle $175 million shareholder lawsuit linked to Gulf of Mexico spill. Total SA plans to divest its Atotech valued at

Rates on Hold in Europe, Munich Re to Cut 1,800 Jobs

Sarla Buch
02 Jun, 2016
New York City

ECB held interest rates and lowered growth outlook. Cobham wins a contract from Airbus. Johnson Matthey net declined 24%. Ryanair traffic in May surged 12% and the discount airline cut baggage fees by 50%. Munich Re plans to lay off 1,800 employees. Voestalpine forecasted stable steel prices.

J&J Bids $3.3 B for Hair Care Products Maker Vogue, Ciena Net Falls

Mukesh Buch
02 Jun, 2016
New York City

J&J consumer unit plans to acquire privately held hair care products maker Vogue International for about $3.3 billion. Ciena net tumbled 32%. CorVel net fell 16%. Conn''''''''s and Joy Global net swung to a loss. Donaldson profit jumped 15%. Mesa Labs net soared 78%.

Ford, GM Sales in May Decline; Michael Kors Net Falls 3%

Mukesh Buch
01 Jun, 2016
New York City

Fiat Chrysler U.S. sales in May rose 1%, Ford sales slumped 6% and GM sales declined 18%. Cracker Barrel net soared 39%. Daktronics net swung to a loss. G-III Apparel profit plunged 59% and reiterated sales outlook. Michael Kors net fell 3%. Vera Bradley net swung to profit.

OECD Lowers Global Outlook, Ahold Profit Surges 13%

Sarla Buch
01 Jun, 2016
New York City

Market indexes across the euro zone declined tracking weak world markets in Asia and in the U.S. OECD lowered global growth outlook. Halfords profit dropped 4%. Ahold net surged 13% to

European Markets Gain In May, Volkswagen Net Plunges 20%

Lucy Stoeva
31 May, 2016
New York City

European stock market indexes closed lower and latest economic data showed the euro zone is still in deflation. However, most major European markets gained in May. Volkswagen reported a 20% drop in profits.

Great Plains and Westar in $8.6 B Deal, Medtronic Net Swings to Profit

Mukesh Buch
31 May, 2016
New York City

Great Plains Energy agreed to acquire Westar Energy for $8.6 billion. Carl Icahn confirmed a ""large position"" in Botox-maker Allergan. Bank of Nova Scotia net declined but revenues jumped. Frontline net and revenues surged. Medtronic net swung to profit.

France, Austria Lift Growth Estimates; PostNL, BPost End Merger Talks

Lucy Stoeva
30 May, 2016
New York City

European stock markets closed slightly higher on Monday after France and Austria revised economic growth estimates. Daimler AG may face record cartel charges from the European Union. Dutch mail operator PostNL and Belgian rival BPost failed to agree on merger terms.

Volatile European Indexes Close Flat, Philips Lighting Surges 10% on Debut

Lucy Stoeva
27 May, 2016
New York City

European stocks closed flat and banks and resource sectors were in focus in the region. Roche AG announced positive results for a new blood cancer drug. Adidas sold its U.S.-based Mitchell & Ness. Philips Lighting jumped 10% to on its first day of trading.

Big Lots, Caleres, Deckers Ulta Salon Jump; Palo Alto Tumbles

Mukesh Buch
27 May, 2016
New York City

Big Lots net and sales rose 3%. Caleres net declined 8%. Deckers Outdoor, Palo Alto Networks and Splunk net loss widened. Multi-Color net plunged 29% but revenues surged 11%. NGL Energy net swung to a loss. Ulta Salon profit jumped 37% on 14% surge in revenues.

European Banks Drop after Banco Popular Announced Rights Issue

Lucy Stoeva
26 May, 2016
New York City

European markets closed higher but gains were limited after banks recorded another down day. Banco Popular surprised investors with an announcement of

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