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U.S. and European Markets Drop on Political Crisis in Greece

Nichole Harper
09 Dec, 2014
New York City

Market indexes on Wall Street and in Europe fell more than 1% after Greek political crisis plunged Athens benchmark index more than 13%. In addition, China tightened lending restrictions and held out for slower growth in the second largest economy in the world.

AutoZone, Burlington Stores Climb; Conn's, H & R Block, Verizon Decline

Mukesh Buch
09 Dec, 2014
New York City

AutoZone net jumped 3% on 8% increase in revenues. Argan net increased 4%. Burlington Stores and H & R Block net loss widened. Conn''''s net swung to a loss. Verizon declined despite positive outlook.

Perceptions of Weaker Yen and Oil Hover Tokyo Stock Market

Hiruki Nakamura
09 Dec, 2014
New York City

Nikkei and Topix indexes closed lower after analysts held out for weaker yen in the next six months. Oil futures declined to a five-year low and metals trended lower after speculators exit the market. Token Corporation, the construction company reported first-half results in line with expectations.

Australian Markets Drop on Oil and Iron Ore Weakness

Marcus Jacob
09 Dec, 2014
New York City

Australian market indexes plunged following a sharp decline in oil and gold prices. Australia

ASOS Sales Jumps 8%, Tesco Plunges on Profit Alert

Nigel Thomas
09 Dec, 2014
New York City

ASOS total group revenues climbed 8% to

India Approves Sun Pharma and Ranbaxy Merger

Mukesh Buch
09 Dec, 2014
New York City

HCL won a customer service software contract from the U.S.-based Washington Gas. IOCL plans to set up LNG terminal in Tamil Nadu. ITC plans to invest Rs 1,000 crore into dairy and juice business. Sun Pharma received approval from the antitrust regulator to acquire.

Oil at 5-year Low on Merger Monday, Weak European Markets

Nichole Harper
08 Dec, 2014
New York City

Market indexes on Wall Street traded lower and crude oil futures declined nearly 4% to a five-year low. China reported record trade surplus in November partly on the cheaper oil and commodities imports and buyers delay oil purchase on the prospect of weaker oil.

Merck to Buy Cubist for $9.5 B, Blackstone Sells California Buildings

Mukesh Buch
08 Dec, 2014
New York City

Blackstone Group agreed to sell its portfolio of 26 office buildings in Northern California for $3.5 billion. Ingles Markets net climbed 13%. Merck agreed to acquire Cubist Pharmaceuticals for about $9.5 billion. McDonald November sales plunged. Vail Resorts net loss narrowed.

Saint Gobain Pursues Sika for $2.8 B

Nigel Thomas
08 Dec, 2014
New York City

Air France KLM dropped on November traffic update. The Burkard family agreed to sell its 16.1% stake and control of voting rights in Sika AG to Saint-Gobain agreed for 2.75 billion Swiss francs. Cupid agreed to sell its last dating operating business for

Recession in Japan Deeper than Estimated, Yen Falls

Hiruki Nakamura
08 Dec, 2014
New York City

Market indexes in Tokyo advanced for the seventh day in a row and Japan said third-quarter economic contraction was deeper than the earlier estimate. Yen weakened and current account surplus narrowed in October. Japan is scheduled for national election on December 14.

Australian Dollar Eases, Qantas Soars 13% on Earnings Outlook

Marcus Jacob
08 Dec, 2014
New York City

Australian dollar eased and market indexes gained for the second day in a row in active trading. Qantas is set to report its best first-half results and the airline is expected report pre-tax profit of as much as $350 million helped by lower fuel prices and weaker dollar.

Infosys Founders Trim Stakes by $1.1 B, Aurobindo in U.S. Acquisition

Mukesh Buch
08 Dec, 2014
New York City

Infosys founders are looking to sell shares worth Rs 6,484 crore and cut their collective holding from 16%. SBI is expected to decide on the loan of $1 billion to Adani Group for its Australian project in three-months. Aurobindo Pharma to acquire the U.S.-based Natrol Inc worth $132.5 million.

U.S. Employment Data Lifts Market Sentiment, Jobless Rate at 5.8%

Nichole Harper
05 Dec, 2014
New York City

Market indexes on Wall Street trimmed gains and investors took an optimistic view of the latest monthly jobs data. Employers at all levels added 321,000 jobs and jobless, the most since June 2012 and jobless rate held at 5.8%. U.S. trade deficit also narrowed. S&P lowered its view on Italian debt.

Stocks in Tokyo Extend a 6-day Rally, Yen Weakens Above 120

Hiruki Nakamura
05 Dec, 2014
New York City

Japanese stocks and market indexes extended gains for the sixth day in a row and the Topix extended seven-year high. The yen dropped below 120 mark and economists and brokers held out for 125 against the U.S. dollar target.

Australia Halts 3-day Rally; Mount Gibson Plunges 50%, Bradken Soars

Marcus Jacob
05 Dec, 2014
New York City

Australian market indexes halted a three-day rally and the Aussie dollar weakened following persistent weakness in resource prices. In active trading, market indexes trimmed weekly gains. Bradken Limited soared on a takeover proposal. Mount Gibson Iron Ltd plunged 50% on a iron mine closure.

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