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GEO, Medicines, Noble Energy, Priceline Group Soar; Gannett Drops

Mukesh Buch
17 Feb, 2016
New York City

Analog Devices profit declined 8%. Gannett net tumbled 70%. GEO Group profit and revenues surged. Medicines net loss widened. Noble Energy net swung to a loss. Priceline Group net and revenues jumped. T-Mobile US net soared 180% and added 2.1 million net customers.

Banks and Resource Stocks Lead European Markets 2% Rebound

Lucy Stoeva
17 Feb, 2016
New York City

European indexes gained 2% fueled by positive news from the banking and resource sectors. Glencore announced new loan facility. Credit Agricole posted better-than-expected results and simplified its ownership structure. Schneider Electric SE increased its dividend and share-buyback program.

European Markets Turn Volatile on German Economic Outlook

Lucy Stoeva
16 Feb, 2016
New York City

European markets were mixed on Tuesday after volatile banking stocks turned lower and renewed concerns over oil prices. In Germany, economic expectations sank to 1.0 in February from 10.2 in January. Anglo American doubled its net loss in 2015.

ADT Goes Private in $7 B Deal, Freeport Raises $1 B

Mukesh Buch
16 Feb, 2016
New York City

ADT agreed to be acquired by Apollo Global for $7 billion. Baxalta net plunged 88%. Freeport agreed to sell its 13% stake to Sumitomo Metal Mining. Generac net plummeted 81% and agreed to acquire a majority stake in Italy-based PR Industrial. Hormel Foods net soared.

Second Day Advance in European Markets on the Resurgent Bank Stocks

Lucy Stoeva
15 Feb, 2016
New York City

Stock market indexes extended gains for the second day in a row banking stocks rebounded on possible ECB purchase of Italian bad loans. Telecom sector heated up on the recent merger activity. HSBC Holdings decided to keep its headquarters in London.

ITT, Red Robin, Verisign Jump; Activision, Dentsply Decline

Mukesh Buch
12 Feb, 2016
New York City

Activision Blizzard net plunged 56% on 15% decline in revenues. Dentsply Intl net tumbled 31%. ITT profit jumped 9%. LifePoint Health net surged. Portland General Electric net soared 19%. Red Robin Gourmet Burgers net jumped. Ventas net advanced. Verisign profit soared 57%.

Cisco, PepsiCo Profit Surge; Kellogg and Twitter Net Loss Narrow

Mukesh Buch
11 Feb, 2016
New York City

Avon net loss widened after revenue fell 20%. BorgWarner net declined 10% but revenues jumped. Cisco net soared 31% on flat revenues. Kellogg and Twitter net loss narrowed. PepsiCo profit surged 31%. Reuters net tumbled 65%. Teva Pharma net plummeted 29%.

Commerzbank Leads Volatile Banks Higher in Europe

Lucy Stoeva
12 Feb, 2016
New York City

European shares recovered on the back of a rally in oil, while Commerzbank

European Markets Extend Feb Loss to 10%, Banks Lead Decliners

Lucy Stoeva
11 Feb, 2016
New York City

European markets extended February losses to about 10% as concerns over the banking and resource sectors dominated the session. Societe Generale net fell short of expectations. Rio Tinto Plc swung to a loss and discarded its dividend policy.

European Markets Halt 7-Day Decline, Opera Software Soars 33%

Lucy Stoeva
10 Feb, 2016
New York City

European markets halted 7-day losing streak after investors returned for bargain hunting. Deutsche Bank rebounded on unconfirmed reports that the largest German bank may buy back bonds. Opera Software surged 33.5% after receiving an offer for $1.23 billion from China.

CVS Health, Coca-Cola Profit Jump; Twenty-First Century Fox Net Tumbles

Mukesh Buch
09 Feb, 2016
New York City

Agrium profit surged but revenues declined. CVS Health net jumped 15%. CDW net soared 73%. HCP net swung to loss after revenues declined 11%. Ingersoll-Rand net fell 9%. Coca-Cola profit soared 61%. Twenty-First Century Fox net tumbled 89%. Waste Connections net dropped.

Banks Extends Losses in Europe on Capital Adequacy Worries

Lucy Stoeva
09 Feb, 2016
New York City

European market indexes dropped to 2-year lows on the growing concerns over the profitability and the adequacy of capitalization of banks. German industrial production fell 1.2% and exports declined 1.6% in December. Vestas Wind Systems, the wind-turbine maker, reported record revenue in 2015.

Disney Net Ahead of Expectations, Time Warner Reports Mixed Earnings

Mukesh Buch
10 Feb, 2016
New York City

Akamai Technologies net fell but revenues jumped. Assurant net surged 32%. DTE Energy net tumbled 73%. Walt Disney net and revenues jumped. Humana profit plunged 30% but revenues increased 8%. Sealed Air net jumped. Time Warner net surged 19%. Western Union net fell.

Apollo Education Agrees to go Private, Loews Net Swings to Loss

Mukesh Buch
08 Feb, 2016
New York City

Apollo Education agreed to be acquired by Apollo Global Management. Cognizant net and revenues surged but lowered on weak forecast. CTS fell despite net swung to profit. Hasbro net jumped 4%. Loews net swung to a loss. Mercury General net swung to profit.

European Markets Drop 2% on Banking Sector Health Worries

Lucy Stoeva
08 Feb, 2016
New York City

European stocks fell sharply on Monday on the fresh worries of the banking sector health and concerns over the global economic growth. Eurobank Ergasias in Greece plunged 29.2%. Gold miner Randgold Resources jumped 13% on the dividend hike and exploration progress.

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