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U.S. Consumer Confidence at 7-year High, Durable Goods Orders Fall Again

Nichole Harper
28 Oct, 2014
New York City

U.S. stocks traded higher and after a barrage of positive earnings. U.S. consumer confidence index increased to a seven-year high. Durable goods orders declined for the second month in a row in September.

Cummins, Parker Hannifin, Whirlpool Climb; Aetna, Freeport-McMoRan Drop

Mukesh Buch
28 Oct, 2014
New York City

Aetna net and revenue climbed. Cummins net climbed 19%. Du Pont net surged 52%. Noble Energy jumped 104.4% but revenue declined 9%. Pfizer profit jumped 3% while revenue fell 2%. Parker Hannifin net climbed 15% and Whirlpool net soared 17%.

Lloyds Banking Net Swings to Profit; BP Net Falls, UBS Net Surges

Nigel Thomas
28 Oct, 2014
New York City

BP net declined 63.2% to $1.32 billion. Lloyds Banking Group net swung to profit to

Noumura Net Surges, Softbank to Invest $10 B in E-commerce Sites in India

Hiruki Nakamura
28 Oct, 2014
New York City

Stocks in Tokyo halted a 2-day rally and market indexes eased after resource sector stocks declined. Nomura Holdings reported better than expected second-quarter earnings on higher broking and trading revenues. Softbank Corp plans to invest $627 million in India based Snapdeal.com.

Weak Iron Ore and Oil Prices Weigh on Australian Indexes

Marcus Jacob
28 Oct, 2014
New York City

Australian stocks traded lower and resource and construction services companies were in focus. Gold and oil eased in local and regional trading. Bega Cheese Ltd said first-half revenues jumped 6.5%. Silver Lake Resources retained its annual gold production target.

SoftBank Invests $627 M in Snapdeal, Ranbaxy Swung to Profit

Mukesh Buch
28 Oct, 2014
New York City

ABB India quarterly profit climbed 25%. Alstom India won a contract of Rs 671 crore. L&T secured a contract worth Rs 2,989 crore. Linde India net plunged 90%. Ranbaxy Laboratories net swung to profit. Lupin net surged 55% on 19% increase in revenues.

Chiquita Agrees to $1.3 B Deal, Valeant Prepared to Raise Allergan Offer

Mukesh Buch
27 Oct, 2014
New York City

Chiquita agreed to be acquired by a Brazil-based Cutrale-Safra group for $1.3 billion. Merck profit declined 20% on 4% decrease in revenues. Precision Drilling net surged 80%. Roper net rose 14%. Seagate net plunged 11%. Valeant raised offer to $200 per share to Allergan.

ECB Says 25 Smaller Banks Failed Stress Test

Nigel Thomas
27 Oct, 2014
New York City

European Central Bank released its second stress test report and said most banks in the euro zone met the requirements laid out in the stress test by the European Central Bank.

Stocks on Wall Street Struggle, Brazil Index Plunges 4.6%

Nichole Harper
27 Oct, 2014
New York City

Stocks on Wall Street eased following largest weekly gain in 22 months. Oil continued to slide as investors speculated global supply is rising faster than the demand. German business confidence dropped for the sixth month in a row.

Novartis Sells Vaccines Business, SAAB in $5.4 B Deal

Nigel Thomas
27 Oct, 2014
New York City

Novartis agreed to divest its influenza vaccines business to Australia-based CSL for $275 million. Petra Diamonds quarterly revenue climbed 55%. Saab signed $5.4 billion contract with Brazilian government for 36 Gripen fighters. TNT Express net swung to a loss of

Japan Service Index Rises; Fanuc, Chugai and Fujifilm in Focus

Hiruki Nakamura
27 Oct, 2014
New York City

Nikkei 225 index in Tokyo traded higher and the yen eased against the dollar. Market indexes extended weekly gains after most banks in the euro zone passed the ECB stress test. Bank of Japan said service price index rose 3.5% in September from the previous month when prices were flat.

Australian Indexes Extend 2-week Advance, CSL and Novartis in Vaccine Deal

Marcus Jacob
27 Oct, 2014
New York City

Australian market indexes extended 2-week advance and banks were in focus ahead of quarterly results. Crude oil eased and the Aussie dollar gained against the U.S. dollar. CSL Limited agreed to acquire flu vaccine business of Novartis for $297.4 million.

HUL, Kajaria Ceramics, Nerolac Paints Net Surge; Shanthi Gears Net Drops

Mukesh Buch
27 Oct, 2014
New York City

Amrutanjan Health Care quarterly profit surged 38%. Hindustan Unilever net jumped 8% on 11% increase in revenues. Indiabulls Securities profit climbed 27%. Kajaria Ceramics net soared 48%. Nerolac Paints net and revenue surged. Shanthi Gears profit plunged 60%.

European Markets Await Stress Tests Results

Bikram Pandey
24 Oct, 2014
New York City

European markets traded lower ahead of bank stress report scheduled to be released this Sunday. European Central Bank is scheduled to take over as the euro zone

Amazon Plunges 7% on Earnings Worries, Microsoft Soars 4%

Nigel Thomas
24 Oct, 2014
New York City

Amazon.com Inc plunged as much as 10% after the online retailer reported larger-than-expected loss. The company also guided lower than expected revenue growth in the busy holiday period fourth quarter. Microsoft topped revenues expectations.

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