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European Markets Recover After Brussels Attack

Lucy Stoeva
22 Mar, 2016
New York City

European market indexes closed flat after the sharp decline in the aftermath of the terrorist attacks in Brussels. Eurozone economic activity regained momentum in March. PMI. Partners increased its dividend.

Anthem Sues Express Scripts, Mattress Firm Net Jumps

Mukesh Buch
22 Mar, 2016
New York City

Anthem sued Express Scripts Holding for price gouging. Centrus Energy net loss in the quarter widened. CIFC net swung to a loss. Elbit Systems net surged 43%. G-III Apparel net plunged 14%. Mattress Firm net more than doubled.

European Markets Trim Early Gains on Weaker Commodities

Lucy Stoeva
21 Mar, 2016
New York City

European market indexes were little changed on Monday and weak commodities trimmed early gains. Telecom Italia gained 3% after chief executive was forced out. Bayer gained 4% on rumors about a potential acquisition of its crop unit by Monsanto.

Starwood Accepts Revised Marriott Offer

Mukesh Buch
21 Mar, 2016
New York City

IHS profit surged and agreed to acquire U.K.-focused Markit Ltd. Marriott Intl agreed to acquire Starwood Hotels after revising the offer to $79.53 per share. Sherwin-Williams agreed to buy Valspar for $9.3 billion.

Weaker Euro and Banks in Focus in European Trading

Lucy Stoeva
18 Mar, 2016
New York City

European stocks were little changed on Friday as investors in the absence of large swings in oil and commodity prices. Generali announced a jump of 15% in annual pre-tax profit. Nordea Bank confirmed plans to transform its subsidiaries into branches.

Adobe Profit Surges, Tiffany Net Plunges; Aeropostale Tumbles

Mukesh Buch
18 Mar, 2016
New York City

Adobe Systems net surged three-fold on the back of 25% jump in revenues. Aeropostale net loss widened after sales tumbled. Gordmans Stores net plunged 52%. Myokardia net loss widened on flat revenues. Tiffany profit tumbled 17% and sales declined 6%.

European Markets Ahead of Fed Decision, Tullow Discovers Oil in Kenya

Lucy Stoeva
16 Mar, 2016
New York City

European markets were little changed as investors remained cautious ahead of the U.S. Fed decision on interest rates. Tullow Oil discovered oil in Kenya

CLARCOR, FedEx, Michaels Soar; Jabil Circuit, Williams-Sonoma Fall

Mukesh Buch
17 Mar, 2016
New York City

Cato net surged 28%. CLARCOR net profit plunged 18% on 6% decline in revenues. FedEx net tumbled 19% but revenues soared 9%. Jabil Circuit net soared 52%. Lands'''' End net swung to a loss. Michaels Co net jumped. Williams-Sonoma net fell.

Euro Jumps 1% After Fed Limits Future Rate Hikes, Lufthansa Falls 6%

Lucy Stoeva
17 Mar, 2016
New York City

The euro rose and European markets eased after the U.S. Fed limited future rate hikes to two in the rest of 2016 citing global economic weakness. Lufthansa projected slower earnings improvements. Immofinanz posted a loss after a write-down of

Oracle Net Declines 14%, Actuant Net Loss Widens

Mukesh Buch
16 Mar, 2016
New York City

Actuant net loss widened after revenues declined 13% and lowered sales forecast. Blount Intl net loss widened. Oracle profit plunged 14% as revenues in hardware and service segment plummeted. Team net surged 29% on 13% increase in revenues.

Volatile European Markets Turn Lower on Weaker Commodities

Lucy Stoeva
15 Mar, 2016
New York City

European markets fell on lower commodity prices and on weakness in Asian markets. Antofagasta canceled its final dividend. Galenica confirmed the corporate split-off plan. Numericable-SFR said adjusted operating earnings rose 20% in 2015.

European Markets Extend Rally, Italian Banks in Focus

Lucy Stoeva
15 Mar, 2016
New York City

European markets extended three-day rally on the back of financial and resource stocks. Energy shares turned down after Iran reiterated its commitment to increase production.

Valeant Tumbles on Revenue Outlookt; Bon-Ton, Veritiv Decline

Mukesh Buch
15 Mar, 2016
New York City

Bon-Ton net plunged 29%. Children''s Place profit rose. DSW net tumbled 62% but revenues jumped. FactSet net soared 10%. Valeant Pharma tumbled after lowering revenues forecast. Veritiv net swung to profit while revenues declined 8%.

Starwood Receives $12.8 B Buyout Offer from China- based Anbang

Mukesh Buch
14 Mar, 2016
New York City

Starwood Hotels received buyout offer of $12.8 billion from China-based insurance company. 3D Systems net swung to a loss. A. Schulman plunged. Fresh Market surged after agreed to be acquired by Apollo Global for $1.4 billion. A. M. Castle net and revenues declined.

Buckle, Genesco, Hibbett, Zumiez Net Decline; Square Loss Widens

Mukesh Buch
12 Mar, 2016
New York City

Buckle profit declined after sales dropped. Genesco net slumped 8% but sales increased. Hibbett Sports net plunged 13%. Square net loss widened. Ulta Salon net and total sales surged. Zumiez net tumbled 25% on 6% decline in revenues.

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