ticker

Apple Net Rises 2%; Boeing, Biogen, Rockwell Net Drop

Mukesh Buch
27 Jan, 2016
New York City

Apple net income and revenues increased at a slower pace. AT&T net swung to profit after revenues surged 22%. Boeing net plunged 30% and aircraft deliveries declined 7%. Biogen net slumped 6%. General Dynamics net soared 9%. Parker-Hannifin net tumbled 32%. United Technologies net surged.

European Indexes Advance After Oil and Metal Prices Rebound

Lucy Stoeva
26 Jan, 2016
New York City

European markets closed higher after a spike in oil and metal prices. Anglo American jumped 12% after its diamond unit De Beers more than doubled sales of rough diamonds. EasyJet

J&J, P&G Profit Jump; 3M Net Plunges, Du Pont Net Swings to Loss

Mukesh Buch
26 Jan, 2016
New York City

3M net plunged 12% on 5% drop in revenues. Coach net declined 7% but revenues soared 7%. Danaher revenues and profit jumped 4%. Du Pont net swung to a loss. Dover net tumbled 16%. J&J net surged 18%. Lockheed Martin net rose 3%. P&G net soared 35% but sales fell 9%.

European Markets Fall on Oil Price Weakness

Lucy Stoeva
25 Jan, 2016
New York City

Energy companies dragged European markets down after the Friday rally in oil prices lost steam. Russian GDP dropped 3.7% in 2015 after growing 0.7% in 2014. In Germany, the business climate index fell to a 12-month low.

Johnson Controls and Tyco Agree Merger, McDonald's Net Soars

Mukesh Buch
25 Jan, 2016
New York City

D.R. Horton net surged 11%. Halliburton net swung to a loss. Illinois Tool Works agreed to acquire engineering unit from ZF TRW for $450 million. Johnson Controls and Tyco Intl agreed to merge. Kimberly Clark net swung to profit.McDonald''s net soared 10%.

European Markets Up 2% on Oil and Commodities Rally

Lucy Stoeva
22 Jan, 2016
New York City

European markets rallied on Friday after prices of oil and commodities rebounded and the ECB left door open for additional stimulus steps. Manufacturing activities in the euro zone slowed down to a three-month low. SAP SA lifted its fiscal 2017 revenue but lowered its operating margin outlook.

GE Net Surges; American Express, Legg Mason, Rockwell Fall

Mukesh Buch
22 Jan, 2016
New York City

American Express net declined 38% on 8% drop in revenues. Boeing plans to cut its production of 747 aircrafts and book an after-tax charge of $569 million. GE net income surged 22%.

BNY Mellon in $2.7 B Deal with Atherton, Verizon Net Swings to Profit

Mukesh Buch
21 Jan, 2016
New York City

BNY Mellon net surged two-fold and agreed to acquire the assets of Atherton Lane Advisers for $2.7 billion. BB&T net declined 9%. Fifth Third Bancorp net surged 75%. F5 Networks net rose 0.7%. J B Hunt profit jumped 6%. Key Corp net plunged 11%. Verizon net swung to profit.

Draghi Comments Lift European Markets

Lucy Stoeva
21 Jan, 2016
New York City

European Central Bank left key lending rate on hold and showed willingness to review monetary policy. Deutsche Bank warned of an annual loss of

European Markets Dive as Oil Drops to New Multi-Year Low

Lucy Stoeva
20 Jan, 2016
New York City

European market indexes dropped more than 2% on the persistent oil price decline and China slowdown worries. In Italy, liquidity jitters took banking stocks down. BHP Billiton Plc dropped 7.4% after the mining giant cut its forecast for iron-ore production and wrote down more assets.

Apple to Build Retail Operations in India; Goldman Sachs, IBM Net Fall

Mukesh Buch
20 Jan, 2016
New York City

Apple Inc moved to build retail operations in India as the mobile devices maker struggles with global sales growth. Goldman Sachs profit tumbled 72%. IBM net declined 19% on 9% plummet in revenues. Northern Trust net fell 2%. Netflix net plunged 48%.

Delta Air and Morgan Stanley Net Swung to Profit

Mukesh Buch
19 Jan, 2016
New York City

Bank of America net soared 10%. Charles Schwab profit surged 19%. Comerica net plunged 13% but revenues jumped 4%. Delta Air Lines and Morgan Stanley net swung to profit. M&T Bank net fell 2% while revenues surged 19%.

European Markets Turn Higher on China Economic Growth Data

Lucy Stoeva
19 Jan, 2016
New York City

Resource stocks lead European markets higher after China reported better-than-expected growth in the final quarter of 2015. In Milan, Banca Monte dei Paschi di Siena plummeted 13.3% and other banks were halted as ECB reviews non-performing loans. Unilever said 2015 revenues increased 10%.

ECB Reviews Non-Performing Loans at Banks, Volatile European Markets

Lucy Stoeva
18 Jan, 2016
New York City

European markets lost ground in a volatile trading session. Banks declined on reports that the European Central Bank reviewed non-performing loans at large banks. Adidas surged 5.1% after appointing new chief executive.

Nikkei in Tokoy Extends 2016 Losses to 9.9%

Hiruki Nakamura
16 Jan, 2016
New York City

Nikkei average closed down as markets in Asia dropped for the second week in a row. Nikkei extended weekly loss to 3.4% and plunged nearly 10% in 2016.

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