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Analysis: No rebound yet, but some U.S. companies see European bottom

The corner is far from turned in Europe, but for some U.S. companies there is a sense that they have reached - or can at least see - a bottom after years of weakness, a welcome change that could help boost profits in 2013.The euro hit a fresh 14-month high on Friday after new data on European factory activity suggested the region was on track to start growing again this year, underlining the opportunity for well-placed U.S. businesses."The solid growth in Europe is encouraging in light of the economic headwinds that continued in the region," Kevin Farr, the chief financial officer of toymaker Mattel , said on a conference call on Friday.It is not just toys, either. Software maker Citrix Systems Inc said last week that things had stabilized, partly as people grew accustomed to doing business in a rocky market."People are becoming more adjusted to the expectations, how to work with customers, how to think about backlog and the timing of getting individual transactions closed," Citrix CFO...

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  1. Stocks Down On Risky European Bank Debt

    FBN's Robert Gray on the impact that European debt is having on U.S. markets.

  2. US STOCKS-Wall St to open lower on European banking worries

    By Chuck MikolajczakNEW YORK (Reuters) - Wall Street was poised for alower open Tuesday after reports on the European bankingsystem sparked fresh concerns about the ...

  3. US STOCKS-Futures drop on renewed European banking concerns

    By Chuck MikolajczakNEW YORK (Reuters) - U.S. stock index futures fell Tuesday after reports on the European banking systemrekindled concerns about the financial hea...

  4. US STOCKS-Futures fall on renewed European banking concerns

    By Chuck MikolajczakNEW YORK (Reuters) - U.S. stock index futures fell Monday after reports on the European banking systemrekindled concerns about the financial heal...

  5. Obama Reaches Out to Business With Tax Breaks

    FBN's Connell McShane on the administration’s proposed tax breaks for new investments.

  6. Obama to Propose Business Investment Tax Breaks

    FBN's Connell McShane on the administration’s new proposed tax break for business investments.

  7. Air Products raises offer for Airgas to $5.5 bln

    NEW YORK (Reuters) - Air Products and Chemicals said Monday it raised its bid for Airgas Inc to $5.5 billion, the latest salvo in its hostile bid for therival compan...

  8. Air Products says FTC signs off on Airgas bid

    (Updates stocks, adds context)By Ernest ScheyderNEW YORK, (Reuters) - Industrial gas producer Air Products and Chemicals Inc said Monday it signed a consent degree w...

  9. Air Products says FTC OKs Airgas bid

    NEW YORK, (Reuters) - Air Products and Chemicals Inc said it has signed a consent degree with the U.S. Federal Trade Commission that would let it acquire Airgas Inc,...

  1. Corporate Bonds Rally on ECB Debt Purchase Program

    The corporate-bond market welcomed efforts from European leaders to tackle their economic problems, and issuers jumped on the positive reaction to sell more debt.Six...

  2. Air Products and Chemicals ' 3Q Results: Postgame Scorecard

    With a rise in net income, Air Products and Chemicals (NYSE:APD) beat Wall Street forecasts in the third quarter.Earnings and Revenue The company announced EPS of $2...

  3. Will the Greek Debt Crisis Impact U.S. Markets?

    Haverford CIO Hank Smith on the Greek debt crisis’ potential impact on the U.S. markets and economy.

  4. Six Banks Repay $2.66B in TARP Funds

    FBN's Connell McShane on the six banks that are paying back taxpayer money.

  5. Airgas shareholders support Air Products slate

    By Ernest ScheyderDREXEL HILL, Pennsylvania (Reuters) - Airgas Incsuffered a blow to its efforts to stave off a takeover by rivalindustrial gases producer Air Produc...

  6. ANALYSIS-Airgas looks to hold back Air Products tide

    By Ernest ScheyderNEW YORK, (Reuters) - Industrial gas supplierAirgas Inc is looking to its annual meeting onWednesday as a place to hold the line against hostile bi...

  7. Glass Lewis supports Airgas in Air Products fight

    NEW YORK (Reuters) - Airgas Tuesday wonthe support of risk advisory firm Glass Lewis & Co in its proxybattle with Air Products and Chemicals Inc.Air Products has lau...

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