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Italy Sets Up Bank Bailout Fund, Speculation Drives Oil Higher

Lucy Stoeva
12 Apr, 2016
New York City

European markets closed higher after oil rebounded ahead of OPEC meeting this weekend and mining companies extended their gains. Anglo American

Alcoa Miss Earnings Estimate, Perry Ellis Mises Earnings Expectations

Mukesh Buch
12 Apr, 2016
New York City

Alcoa net plunged 92% while revenues jumped 15%. Bank of The Ozarks net and revenues soared. Fastenal net fell but sales increased. Perry Ellis reiterated revenues forecast in the fiscal 2017 and missed the earnings expectations in the latest fiscal year ending in Janyary 2016.

Goldman Settles Mortgage Claims for $5 B, Yahoo Seeks Buyers

Mukesh Buch
11 Apr, 2016
New York City

Annaly Capital agreed to acquire Hatteras Financial for $1.5 billion. Canadian Pacific Railway ended its bid to acquire Norfolk Southern. Goldman Sachs agreed to settle the U.S. regulator claims for $5 billion. Yahoo is forced to search buyers for its core assets.

Italy Banks Leand European Advance, Vivendi to Acquire Mediaset Pay-TV Unit

Lucy Stoeva
11 Apr, 2016
New York City

European market indexes closed higher Monday after mining stocks and Italy banks extended gains. Vivendi agreed to acquire the pay-TV business of MediaSet. Swiss airline catering Gategroup is being acquired by a China based company. Telenor may sell its unit in India.

European Indexes Trim Weekly Losses On a Rebound in Banks and Resource Stocks

Lucy Stoeva
08 Apr, 2016
New York City

European stocks made a strong comeback on Friday and trimmed weekly losses in market indexes as Italian banks rallied and rising oil prices buoyed energy stocks. German trade surplus increased to

Twitter Appoints New CFO, PriceSmart Revenues and Net Jumps

Mukesh Buch
08 Apr, 2016
New York City

Chase Corp net surged 71%. Electro Rent profit plunged 58% on 30% decline in revenues. Griffin net loss narrowed after revenues jumped 8%. PriceSmart net and revenues rose 4%. Ruby Tuesday net loss widened and lowered earnings per share outlook.

Investors Look to ECB for More Rate Cuts, European Stocks Struggle

Lucy Stoeva
07 Apr, 2016
New York City

European markets reversed earlier gains as concerns about further rate cuts dragged down shares of banks. Oversea-Chinese Banking acquired wealth management unit in Asia for $320 million from Barclays. Peugeot is looking to raise capital in the high yield bond market.

ConAgra Net Swings to Profit; Bed Bath & Beyond, Rite Aid Net Decline

Mukesh Buch
07 Apr, 2016
New York City

Apollo Education net loss widened. Bed Bath & Beyond profit declined 6%. ConAgra net swung to profit. CarMax net fell but sales jumped 6%. Hooker Furniture net and revenues dropped. Rite Aid net plunged 64% while revenues soared 21%.

Rally in Oil Lifts European Stocks, H&M Reveals Aggressive Expansion

Lucy Stoeva
06 Apr, 2016
New York City

European stocks moved higher after oil rallied and positive economic data from China. Pfizer and Allegan deal worth $160 billion was canceled after U.S. put up tax hurdles. H&M

Pfizer Terminates Allergan Deal, Monsanto Net Plunges

Mukesh Buch
06 Apr, 2016
New York City

Pfizer terminate the agreement to acquire Ireland-based Botox maker Allergan. Acuity Brands and Constellation Brands net and revenues surged. Global Payments net soared 10%. Monsanto profit tumbled 26% on 13% decline in revenues. RPM Intl net swung to profit.

Darden Chairman Resigns, Walgreens Profit Tumbles

Mukesh Buch
05 Apr, 2016
New York City

Darden Restaurants net plunged 21% but revenues jumped 7% and chairman of the board resigned. Greenbrier net declined 11% and lifted fiscal revenue forecast. International Speedway net surged 32%. Walgreens Boots Alliance net tumbled 54.5% but sales soared 14%.

European Markets Drop After German Factory Orders Disappoint

Lucy Stoeva
05 Apr, 2016
New York City

European market indexes fell between 1% and 2.5% after factory orders in Germany unexpectedly dropped. Peugeot SA plummeted 6.5% after its new five-year strategic plan disappointed investors. Vale agreed to sell its stake in a steel plant venture with ThyssenKrupp and focus on core mining business.

Alaska Air to Buy Virgin America, Brocade Acquires Ruckus

Mukesh Buch
04 Apr, 2016
New York City

Alaska Air agreed to acquire Virgin America for about $2.6 billion. Brocade agreed to acquire small rival Ruckus Wireless in a cash and stock transaction of about $1.5 billion. Blackstone Group agreed to buy India-based Mphasis from Hewlett Packard Enterprise Co for $1.1 billion.

French Telco Merger Talks Struggle, Jobless Rate at 5-Year Low in Europe

Lucy Stoeva
04 Apr, 2016
New York City

European stocks moved higher Monday, but gains were limited by losses in French telecoms after the merger talks between Orange and Bouygues came to a halt. Unemployment in the euro zone fell to the lowest level in five years in February.

Ford, GM March Auto Sales Rise; BlackBerry Net Swing to a Loss

Mukesh Buch
01 Apr, 2016
New York City

BlackBerry net swung to a loss after sales declined 30%. CTC Media net swung to a loss. Franklin Covey slumped 6% after sales fell 2% and quarterly net swung to a loss. Ford March total vehicles sales surged 8% and truck sales soared 11.4%. GM sales rose 0.9% and retail sales jumped 5.9%.

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