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Duke Energy, Pep Boys, Western Refining Deals, Xerox Swings to Loss

Mukesh Buch
26 Oct, 2015
New York City

Duke Energy agreed to acquire Piedmont Natural Gas for $4.9 billion. Pep Boys agreed to be acquired by Japan-based Bridgestone. General Atlantic agreed to acquire 21.6% stake in India-based IIFL. Laboratory Corp net soared 11%. Roper profit jumped 3%. Xerox net swung to a loss.

U.S. Tech Stocks and China Rate Cut Power Global Rally

Nichole Harper
23 Oct, 2015
New York City

Tech stocks powered rally on Wall Street and the market move was amplified after China offered a rate cut ahead of a meeting of senior leaders in Beijing. Amazon, Alphabet, Microsoft and American Airlines reported better-than-expected earnings.

Nikkei Rebounds to Two-Month High and Yen at One-Month Low

Hiruki Nakamura
23 Oct, 2015
New York City

Nikkei average shot up near two-month high and the yen declined to one-month low after the European Central Bank kept its easing bias. Exporters and financials led the gainers in a broad rally. Kao Corp rose on higher annual sales outlook.

Australian Indexes Advance, Qantas Redeploys Western Assets

Marcus Jacob
23 Oct, 2015
New York City

Australian market indexes closed higher and the ASX 200 index jumped 1.5% for the week. Qantas Airways plans to reduce capacity and adjust cost base in Western Australian market as the mining boom unwinds. OZ Minerals lifted copper production outlook.

Alphabet, Amazon, Microsoft, P&G Jump; American Airlines, Whirlpool Fall

Mukesh Buch
23 Oct, 2015
New York City

Alphabet net and revenues surged. Amazon.com net swung to profit. American Airlines expands share buyback plan. AT&T net fell 4%. Microsoft revenues declined 12%. PG net soared 31% but revenues plunged. Reuters net jumped 17%. Whirlpool profit jumped.

Weekly Surge of 7% in DAX, Ericsson Plunges 9% on China Worries

Nigel Thomas
23 Oct, 2015
New York City

Ericsson plunged as much as 9% on revenues slowdown in China. Grammer agreed to acquire privately held Reum group. Michelin revenues soared 8.7%. Kering third-quarter sales soared 12%. Vinci revenues in the quarter increased 3%.

Fourth Weekly Advance in Sensex in India, Idea Cellular Net Falls

Mukesh Buch
23 Oct, 2015
New York City

Sensex in Mumbai rose for the first time in three days and the index closed higher for the fourth week in a row. Wipro quarterly net and revenues rose 7%. Symphony net surged 30%. Cadila revenues soared 12%. Blue Dart net surged 75%. Idea profit slipped 13%. HCL Infosystems loss widened.

S&P 500 Reaches 2-Month High; Alphabet, Microsoft and Amazon Soar

Nichole Harper
22 Oct, 2015
New York City

Stocks on Wall Street traded higher after earnings were ahead of expectations. After the close Microsoft, Alphabet and Amazon soared more than 9% after reporting stronger than expected earnings. European markets were cautiously optimistic ahead of the ECB meeting tomorrow.

Nikkei Eases After Reaching Six-Week High, Chugai in Focus

Hiruki Nakamura
22 Oct, 2015
New York City

Stocks in Tokyo stepped back after the Nikkei reached to a six-week high at the close of yesterday. Chugai Pharmaceutical said nine-month sales increased 10% and net soared 20% and said full-year sales are expected to rise 5.5%. SPK Corp was halted after the release of first-half results.

Aussie Dollar Edges Lower After CBA Lifts Variable Mortgage Rate

Marcus Jacob
22 Oct, 2015
New York City

Australian market indexes gained but the Aussie dollar edged lower after the largest bank in the nation, CBA, lifted variable home mortgage rate by 15 basis points. Santos Ltd rejected a highly conditional purchase offer. Wesfarmers said first-quarter food and liquor sales rose 4.7%.

U.S. Movers: 3M, Dow, Eli Lilly, EQT, McDonald's, Union Pacific, W. R. Grace

Mukesh Buch
22 Oct, 2015
New York City

3M jumped after announcing a restructuring plan. Dow profit surged but revenues plunged 16%. Eli Lilly net soared 60% and lifted earnings outlook. McDonald''s net surged 23% but sales dropped 5%. Parker-Hannifin revenues and net declined. Raytheon net fell.

Daimler Net Plunges 14%, Deutsche Wohnen Rejects

Nigel Thomas
22 Oct, 2015
New York City

Daimler profit tumbled 14% but revenues soared 13%. Orange revenues jumped 5%. Deutsche Wohnen for the second time rejected

S&P 500 Drops on Another Dive in Crude Oil

Nichole Harper
21 Oct, 2015
New York City

Stocks on Wall Street struggled after mixed earnings report and energy complex drifted lower after a weak weekly inventory report. Crude oil plunged to a three-week low. The $30 billion worth of two deals in technology hardware brought KLA and Lam Research and Western Digital and SanDisk together.

KLA and Lam and Western Digital and SanDisk in $30 B Deals

Mukesh Buch
21 Oct, 2015
New York City

KLA-Tencor agreed to be acquired by Lam Research for $10.6 billion. Western Digital agreed to acquire SanDisk for $19 billion. Abbott net jumped 8%. Boeing profit surged 25%. GM reported flat profit. Kimberly Clark revenues and profit plunged. Coca-Cola net declined 31%.

Credit Suisse Net Tumbles, Fiat Chrysler set $52 for Ferrari IPO

Nigel Thomas
21 Oct, 2015
New York City

Credit Suisse profit tumbled 24% on 8% decline in revenues and plans to raise 6 billion Swiss francs through new shares. Pearson plunged on weak sales numbers. Fiat Chrysler announced pricing of initial public offering. Sky operating profit in the quarter soared 10%.

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