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Burberry Revenues Rise, Daimler Reports Improving Cash Flow

Nigel Thomas
14 Oct, 2014
New York City

Allocate Software agreed to be acquired by Acorn Bidco for

Nikkei in Tokyo Plunges 2.4% on Recession Worries

Hiruki Nakamura
14 Oct, 2014
New York City

Market indexes in Tokyo traded lower and Nikkei extended weekly losses and the Topix dropped to the low not seen since May 30. BIC Camera reported annual sales increased 3%. LIXIL Group estimated weak sales and earnings outlook.

Australian Market Indexes Soar 1%, Oz Minerals Lifts Outlook

Marcus Jacob
14 Oct, 2014
New York City

Australian market indexes rebounded and the Aussie dollar hovered near 88 U.S. cents after iron ore prices gained 4%. Oz Minerals soared more than 7% after miner revised higher gold and copper production estimate. Pacific Brands estimated weak outlook for fiscal first-half 2015.

Bajaj Finserv, Bajaj Finance, Symphony, Sintex Profit Climb

Mukesh Buch
14 Oct, 2014
New York City

Bajaj Finserv profit climbed 14%. Bajaj Finance net jumped 18% on 29% increase in revenue. IL&FS Engineering secured order worth Rs 1,232 crore from National Highways Authority of India. Liberty Shoes net climbed 25%. Symphony net and revenue surged. Sintex profit soared.

Blue Dart, IndusInd Bank Profit Soar; Bajaj Auto net declines

Mukesh Buch
15 Oct, 2014
New York City

Bajaj Auto net plunged 29% but sales soared 15%. Blue Dart net rose 3% on 24% increase of revenue. IndusInd Bank net climbed 30%. Sterling Holiday net loss narrowed after sales surged 60%.

Australian Vehicles Sales Rise 2.9%, Stocks Rebound

Marcus Jacob
15 Oct, 2014
New York City

Australian market indexes recovered some of the weekly losses and motor vehicles sales in September increased 2.9%. China reported lower than expected inflation of 1.6% in September. Rio Tinto said iron ore shipment in September quarter increased 15%.

GE, Morgan Stanley Profit Soar; Google, M&T Bank Net Decline

Mukesh Buch
17 Oct, 2014
New York City

BNY Mellon net soared 11%. GE profit jumped 11%. Google net declined 5% but revenues soared 20%. Honeywell net surged 18%. Morgan Stanley profit surged 87%. M&T Bank net declined 9%. Schlumberger net climbed 11.6%. SanDisk revenue dropped 5%.

Nikkei in Tokyo Rebounds 0.9%

Hiruki Nakamura
15 Oct, 2014
New York City

Stocks in Tokyo rebounded and commodities in Asia traded lower after China reported lower than expected inflation in September. Adreans Company, the maker of wigs said first-half net sales rose 20% but net plunged 48%.

AbbVie and Shire Merger in Trouble, Danone Sales Rise 3%

Nigel Thomas
15 Oct, 2014
New York City

Connect Group reported flat revenues of

GE to Buy Milestone Aviation, NetScout in Deal with Danaher

Mukesh Buch
13 Oct, 2014
New York City

Danaher agreed to sell its communications business to NetScout for $2.6 billion. GE

Statoil Sells Azerbaijan Field Stake, Steris Acquires Synergy for

Nigel Thomas
13 Oct, 2014
New York City

Essentra third-quarter revenue climbed 8%. Quindell third-quarter EBITDA climbed 141% to

Qualcomm Acquires CSR for $2.5 B, AbbVie Rethinks Shire Merger

Mukesh Buch
15 Oct, 2014
New York City

AbbVie board is scheduled to discuss Shire merger after U.S. tax law changes. Bank of America net swung to a loss. BlackRock net surged 26%. Charles Schwab profit jumped 11%. CSX net soared 12%. Intel profit surged 12%. Qualcomm agreed to buy CSR for $2.5 billion. St. Jude Medical net plunged 9%.

Australian Indexes Extend Losses

Marcus Jacob
13 Oct, 2014
New York City

Australian market indexes traded lower and extended weekly losses as investors dial back global growth expectations. Horizon Oil Limited said it struck oil off the coast of China. Finbar Group received government approval for its retail and residential project in Perth.

Old Mutual Acquires Quilter Cheviot, Rolls Royce Plunges 14%

Nigel Thomas
17 Oct, 2014
New York City

Accor climbed after third-quarter revenues jumped 5% to

Wall Street Indexes Rebound, U.S. Consumer Confidence at 7-Year High

Nichole Harper
17 Oct, 2014
New York City

Market indexes on Wall Street rebounded after European Central Bank prepares to step up bond purchase program and the prospects of wider stimulus in the region rose. U.S. consumer sentiment rose to a seven-year high.

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