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UTi Worldwide Surges; Alcoa, Gap, Ruby Tuesday Tumble

Mukesh Buch
09 Oct, 2015
New York City

Alcoa net plunged 71% on 11% decline in revenues. American Airlines total revenue passenger miles in September jumped 7.2%. Electro Rent net tumbled 48%. LDR tumbled despite higher revenues forecast. UTi Worldwide surged and agreed to be acquired by Denmark-based DSV.

Nikkei Leads Asia-wide Rally; Ichigo, Meiko Netowrk and Usen in Focus

Hiruki Nakamura
09 Oct, 2015
New York City

Nikkei average in Tokyo closed higher following the market advance in New York. For the week, the Nikkei increased 3.9%. Ichigo, the real estate developer lifted annual revenues outlook. Meiko Network, the college preparatory services provider said annual revenues soared 21%.

Broad Rally in Austalian Extends Weekly Gains

Marcus Jacob
09 Oct, 2015
New York City

Australian market indexes jumped 1.3% and extended weekly surge to 4.4%. The new home loan approvals in August rose less-than-expected 2.9% following the downwardly revised decrease of 0.3%. Macquarie Group completed $400 million stock offering to institutional investors.

Weekly Surge of 3.1% in Sensex, Tata to Build Assembly Plant in Slovakia

Mukesh Buch
09 Oct, 2015
New York City

Tata Motor

Fed Minutes Suggest Possible Rate Hike This Year

Nichole Harper
08 Oct, 2015
New York City

U.S. stocks turned around in the afternoon and most Fed policymakers are still looking to raise rate this year according to the latest minutes. Netflix raised monthly subscription rate for some new members. Amazon.com Inc expanded its store to include more handmade goods.

Biomed, Cato, Zumiez Jump; Buckle, Cardiovascular, Domino's Decline

Mukesh Buch
08 Oct, 2015
New York City

Biomed agreed to be acquired by Blackstone Real Estate for $8 billion. Buckle comparable sales in September declined 6.7%. Cato comparable sales increased 2%. Cardiovascular Systems estimated wider net loss. Dell is in talk to buy EMC. Domino''s net soared 8%.

Japan Machinery Orders Declined 3.5%, Current Account Surplus Falls

Hiruki Nakamura
08 Oct, 2015
New York City

Stocks in Tokyo closed down and the yen edged higher as investors focused on the latest batch of earnings. Current account surplus in August declined and core machinery orders slumped 3.5% in the month. Daiwa House first-half net increased 2%. J Front Retailing annual net soared 48%.

Deutsche Bank Loss Highlights Difficulties, DFS Net Swings to Profit

Nigel Thomas
08 Oct, 2015
New York City

Deutsche Bank estimated net loss for the third-quarter of about

Australian Indexes Climb Wall of Lower Oil Price Worries

Marcus Jacob
08 Oct, 2015
New York City

Australian market indexes closed higher and Aussie dollar stayed above 71 U.S. cents. Indexes lacked direction in trading and energy stocks closed higher but immediate outlook for crude oil is cloudy as traders prepare for a new price downturn.

Sensex and Rupee Struggle, Adani and Welspun in Power Plant Talks

Mukesh Buch
08 Oct, 2015
New York City

Rajesh Exports received an export order from UAE. Adani Power and Welspun are in talks to sell power plants. MAN Industries India secured orders worth $110 million. Trilogic and ITV Network partner for new channel ventures.

Earnings Anxieties Keep S&P 500 in Check, Oil Halts Rally

Nichole Harper
07 Oct, 2015
New York City

Investor anxieties intensified ahead of U.S. corporate earnings as most analysts kept earnings shortfall in the S&P 500 index between 3% and 6% in the third quarter. Oil rally halted after the latest U.S. government data showed rising inventories.

Nikkei in Longest Rally in Three Months on BOJ Easing Hopes

Hiruki Nakamura
07 Oct, 2015
New York City

Nikkei average in Tokyo advanced for the sixth session in a row and extended longest winning streak in three months. Investor shifted attention to the next meeting of policymakers at the end of October. Aeon Mall Co said first-half sales rose 14% but net declined nearly 5%.

Australian Construction Industry Growth Slows in September

Marcus Jacob
07 Oct, 2015
New York City

Australian market indexes lacked direction and closed higher in average trading. Construction industry survey showed a slight decline in growth in September. Insurance Australia Group announced the appointment of new chief executive.

Adobe, Nu Skin, Pandora Media, Yum! Brands Tumble, Monsanto Loss Widens

Mukesh Buch
07 Oct, 2015
New York City

Adobe declined on weaker outlook. Nu Skin plunged 25%. Acuity Brands profit and revenues soared. Constellation Brands net surged 54%. Global Payments net jumped 15%. Monsanto net loss widened. Pandora Media agreed to acquire Ticketfly. Yum! Brands profit rose 4%.

Germany and India Step Up Manufacturing Cooperation, Sensex Advances

Mukesh Buch
07 Oct, 2015
New York City

Germany and India stepped technology and manufacturing cooperation as Prime Minister Modi drives Make in India campaign. State Bank of India signed a loan agreement with German development bank KfW. HMT jumped after the machine tool maker and Fraunhofer agreed to work together.

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