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European Markets Down 2% After U.S. Payrolls Increased 215,000 in March

Lucy Stoeva
01 Apr, 2016
New York City

European markets began the quarter with a loss after investors focused on weakening corporate confidence and volatile energy prices headed lower. Tata Steel. Apple dropped Osram from its list of top suppliers. Tata Steel may bid for Thyssenkrupp unit.

European Indexes Trim First Quarter Losses; TUI, Carnival Advance

Lucy Stoeva
31 Mar, 2016
New York City

European markets extended March gains and trimmed first-quarter losses as financial services sector dragged broader market sentiment. Italian banks struggled after rights offering from Banca Popolare di Vicenza may have to be postponed. Bouygues and Orange extended merger deadlines.

ParkerVision Jumps; Lindsay, Movado, Micron, Progress Software Fall

Mukesh Buch
31 Mar, 2016
New York City

Bassett Furniture net plunged 47% while sales surged 15%. Lindsay and Micron Technology net swung to a loss. Movado profit declined 22% but revenues jumped 7%. Progress Software net swung to profit after revenues soared 10% and lowered fiscal outlook.

European Markets Advance 1.5% After Yellen Stressed Caution

Lucy Stoeva
30 Mar, 2016
New York City

European markets advanced 1.5% after U.S. Fed Chair signaled caution in raising interest rates. Steelmakers traded higher on hopes of a European consolidation after Tata Steel said it would leave the British market. Metro AG plans to split its wholesale and electronics retailing businesses.

Carnival, Lululemon Profit Jump; Paychex, UniFirst, Verint Drop

Mukesh Buch
30 Mar, 2016
New York City

Carnival net nearly jumped three-fold. InterOil net loss widened. Lululemon profit jumped 11% on 17% increase in revenues. Paychex net and revenues soared 7%. Sonic profit advanced 40%. UniFirst net plunged 8%. Verint Systems net surged 280.4% while revenues dropped 10%.

Euro Zone Lending Accelerates, Market Indexes Close Mixed

Lucy Stoeva
29 Mar, 2016
New York City

European market indexes closed mixed as bank lending in February rose at the fastest pace since 2011. Oil and base metal prices retreated as the U.S. dollar inched higher.

Conn's, Destination Maternity, SYNNEX Decline; McCormick Net surges

Mukesh Buch
29 Mar, 2016
New York City

Conn''s net plummeted 93% but revenues jumped 7%. Destination Maternity net loss narrowed. Lennar profit surged 25%. McCormick lifted sales and profit outlook. SYNNEX net edged up but revenues fell.

Marriott Cautious After Anbang Lifted Starwood Offer

Mukesh Buch
28 Mar, 2016
New York City

China-based Anbang Insurance raised its offer for Starwood Hotels to $13.9 billion. Dell agreed to sell its information technology consulting business to Japan-based NTT Data Corp for $3.05 billion.

European Markets Lower Ahead of Easter Holiday, Next Plunges15%

Lucy Stoeva
24 Mar, 2016
New York City

European market indexes closed lower ahead of the Easter holidays. Resource and energy stocks fell after the U.S. dollar strengthened and U.S. crude inventories increased. Next, the apparel retailer sank 15% on weak 2016 sales outlook. Italian banks were under pressure.

Accenture, PVH, Signet Jewelers Rise; Discovery Lab, Finish Line Fall

Mukesh Buch
24 Mar, 2016
New York City

Accenture net loss narrowed after sales jumped. Finish Line net tumbled 90% but revenues increased. PVH profit surged 161%. Signet Jewelers net soared 19%. Discovery Laboratories net narrowed and revenues declined 42%.

Leusure Stocks Rebound in Europe, Credit Suisse to Cut 2,000 Jobs

Lucy Stoeva
23 Mar, 2016
New York City

European stock indexes closed flat on Wednesday as weakness in mining stocks offset a rebound in travel and leisure stocks one day after the terrorist attacks in Belgium. Credit Suisse will cut about 2,000 jobs as part of its global restructuring. William Hill issued a profit warning.

Cintas, General Mills, Nike, Red Hat Net Soar; Fred's Net Loss Narrows

Mukesh Buch
23 Mar, 2016
New York City

Bristol-Myers plans to acquire privately held Padlock Therapeutics for $600 million. Cintas net soared 24% on 10% jump in revenues. Fred''s net loss narrowed. General Mills profit jumped 5%. Neogen net soared 12%. Nike profit surged 20%. Red Hat net soared 11%.

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