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CME, Cummins, Moody's Profit Decline; ArcelorMittal Net Loss Widens

Mukesh Buch
05 Feb, 2016
New York City

AON net surged on flat revenues. ArcelorMittal net loss widened and the steelmaker plans to raise $4 billion to reduce net debt of $12 billion. Ametek net declined 10%. CME profit dropped 5%. Cummins net plunged 64% on 6% decline in revenues. Estee Lauder net rose 2%. Moody''s net fell.

European Resource Stocks Rally Again, Arcelor Plans $3 B Offering

Lucy Stoeva
05 Feb, 2016
New York City

European stock trading was volatile and markets were mixed on the weak U.S. jobs data and a rally in mining, and gains in banking and retail sector. ArcelorMittal plans to launch a $3 billion offer to reduce net debt of $12 billion. BNP Paribas plans to cut costs and increase its dividend.

McGraw, Xylem Rise; AstraZeneca, ConocoPhillips, Ralph Lauren Fall

Mukesh Buch
04 Feb, 2016
New York City

AstraZeneca net swung to profit but revenues dropped. ConocoPhillips net loss widened and lowered capital expenditures forecast. Cigna net declined while revenues jumped. McGraw Hill net swung to profit. Philip Morris net plunged. Ralph Lauren net tumbled. Xylem net surged.

Resource Stocks Rally in Europe; Credit Suisse, ING and Lafarge in Focus

Lucy Stoeva
04 Feb, 2016
New York City

European markets rebounded after a rally in resource sector on the weakening dollar. Credit Suisse plummeted after reporting its first full-year loss since 2008. LafargeHolcim proposed selling its entire operation in India.

Lowe's in $2.3 B Deal with Rona; Comcast Net Jumps, Merck Profit Drops

Mukesh Buch
03 Feb, 2016
New York City

Becton Dickinson net fell 3% but revenues soared 46%. Comcast net rose 3%. Exelon profit surged while revenues declined 8%. GM net surged. International Paper net soared 33%. Lowe''s agreed to acquire Canada-based Rona for $2.3 billion. Merck profit tumbled 87%.

European Markets Extend 3-Day Losses, LVMH Soars 7%

Lucy Stoeva
03 Feb, 2016
New York City

European stocks declined for the third day in a row on weak earnings reports from key companies. Finland controlled utility Fortum said adjusted operating profit tumbled 34%. Italian banks extended losses by as much as 8% on the rising non-performing loan portfolios.

European Markets Turn Lower on Weaker Oil and UBS Asset Outflow

Lucy Stoeva
02 Feb, 2016
New York City

European equities extended losses as oil prices continued to slide. UBS Group reported an unexpected outflow of 3.4 billion Swiss francs from its wealth management business. BP Plc posted its worst results in more than 20 years and announced 3,000 job cuts.

Alphabet Soars; Exxon, Pfizer Net Drop

Mukesh Buch
02 Feb, 2016
New York City

Archer Daniels net rose but sales fell. Alphabet net jumped. BP net loss narrowed and the oil explorer booked $2.6 billion of restructuring charges. Dow Chemical net surged. Exxon Mobil net tumbled 58%. Ford and GM sales drop in January. Pfizer profit plunged 50%.

Europe Down on Weak Manufacturing Data, Nokia Disappoints

Lucy Stoeva
01 Feb, 2016
New York City

European markets edged down on weak manufacturing data from China and the euro zone, disappointing news from Nokia, and the decline in oil prices. BT Group

Abbott in $5.8 B Deal with Alere, Dominion Resources to Acquires Questar

Mukesh Buch
01 Feb, 2016
New York City

Abbott agreed to acquire Alere for $5.8 billion. Aetna net soared 38%. Cardinal Health net rose. Dominion Resources agreed to acquire Questar for $4.4 billion in cash. Hill-Rom net tumbled 60% but revenues surged 42%. Roper net jumped 12%. Sysco net soared 72%.

Bank of Japan Negative Interest Move Lifts European Indexes

Lucy Stoeva
29 Jan, 2016
New York City

European indexes soared at least 2% after the Bank of Japan surprised the markets by adopting negative interest rates. The banking sector staged a recovery after positive news from Banco de Sabadell in Madrid and rumors about possible mergers in Italy.

MasterCard Profit Surges; Colgate and Chevron Net Swing to Loss

Mukesh Buch
29 Jan, 2016
New York City

American Airlines net surged but revenues fell. Colgate-Palmolive and Chevron net swung to a loss after sales declined. Honeywell net soared 25%. MasterCard profit surged 11%. Phillips 66 net and revenues tumbled. Seagate net tumbled 82%. Whirlpool net jumped.

Ford Net Swings to Profit; Bristol-Myers, Caterpillar Net Swing to Loss

Mukesh Buch
28 Jan, 2016
New York City

Abbott net plunged 15% after global sales dropped. American Electric net surged but sales fell. Bristol-Myers, Baker Hughes and Caterpillar net swung to a loss. Eli Lilly profit soared 12%. Ford net swung to profit. Time Warner Cable net plunged 12%. T. Rowe profit slid 4%.

European Markets Fall on Weak Earnings from Deutsche Bank, H&M and Roche

Lucy Stoeva
28 Jan, 2016
New York City

European stocks dropped in choppy trading as disappointing earnings and turmoil in the banking sector offset the rally in oil prices. Deutsche Bank reported its first annual loss since 2008. H&M net fell 11% due to unfavorable currency and the warm winter. Roche warned of growth slowdown in 2016.

European Markets Advance Despite Earnings Disappointments

Lucy Stoeva
27 Jan, 2016
New York City

European markets recorded gains on Wednesday after a volatile trading session. Ericsson fell 6% despite reporting 67% growth in net profit. Novartis said fourth-quarter net profit tumbled 57% due to poor performance of its eye-care business. BASF wrote down

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