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ASX 200 in Sydney Extends Weekly Loss to 2.2%, Home Price Worries

Marcus Jacob
25 Sep, 2015
New York City

Australian markets extended weekly loss on Friday and resource stocks took another beating. Skilled Group shareholders approved merger with PMS Ltd. Myer, the department store retailer shot up 9% after broker comments.

Caterpillar Job Cut and VW Scandal Set Global Market Decline Tone

Nichole Harper
24 Sep, 2015
New York City

U.S. stocks stayed in the negative territory and investors struggled to find a path from the uncertainty related to ongoing U.S. monetary policy and global economic slowdown. Caterpillar set the tone after announcing a large job cut and lowered sales outlook.

Aussie Dollar Dips Below 70 U.S. Cents Mark, ASX Jumps 1.5%

Marcus Jacob
24 Sep, 2015
New York City

Australian market indexes closed higher and defied the weak international market environment. The Aussie dollar closed below psychologically important 70 U.S. cents level. Fonterra reported a sharp in cost largely on aggressive cost cutting.

Nikkei Drops 2.8% After Manufacturing Growth Weakens

Hiruki Nakamura
24 Sep, 2015
New York City

Nikkei average plunged 2.8% after Japanese markets reopened after a 3-day holiday. Weakness in New York and Shanghai were compounded by weakening growth profile in manufacturing sector and falling yen. Auto and diesel filter makers led the decliners.

India Awards More Highway Contracts, Rupee Drifts Lower

Mukesh Buch
24 Sep, 2015
New York City

Road builders were in focus in Mumbai after the government agency awarded more contracts. Hindustan Construction Co. received contract from National Highways Authority of India for $300 million. Larsen & Toubro plans to sell asset.

Accenture Net Jumps; Caterpillar, KB Home Declines, Worthington Surges

Mukesh Buch
24 Sep, 2015
New York City

Accenture net jumped and lifted revenues growth forecast. Caterpillar lowered revenue forecast. KB Home net declined 18% while revenues soared 43%. Korn-Ferry agreed to acquire Hay Group for $452 million. Scholastic net loss widened. Steelcase profit soared 22%. Worthington net tumbled 29%

H&M Revenues Soars, Ryanair to Return Stake Sale Proceeds

Nigel Thomas
24 Sep, 2015
New York City

Hennes & Mauritz profit edged up but revenues soared 19%. Ryanair plans to return the

U.S. Stocks Meander, DAX in Germany Plunges 3% as VW Scandal Widens

Nichole Harper
23 Sep, 2015
New York City

Stocks in New York and Europe lacked direction and commodities bounced around with a downward drift as investors start looking ahead to earnings. German stock index plunged 3% as Volkswagen Scandal widened and CEO resigned.

Boeing Receives Contracts from China and India

Mukesh Buch
23 Sep, 2015
New York City

Boeing received an order for 300 jets aircraft from three Chinese firms and military contract from India. Biomed Realty Trust is in talks to go private. Copart profit soared 12%. Citrix Systems is negotiating to go private led by Elliott Management buyout.

Sensex in India Gains as Volatile Emerging Markets Look Beyond Fed

Mukesh Buch
23 Sep, 2015
New York City

Sensex in Mumbai jumped 0.7% despite the persistent selling of stocks in emerging markets by foreign investors. Pfizer plans to sell its plant in Thane, Maharashtra to Gujarat-based Vidhi Research and Development for ₹178 crore. Pidilite plans to expand its business in the Asian and African Markets.

Swiss Re in

Nigel Thomas
23 Sep, 2015
New York City

Axel Springer plans to buy online publication Business Insider for $500 million. BBA Aviation agreed to buy Landmark Aviation for $2.07 billion. Smiths Group profit soared 6% to

Australian Indexes Dive on Weakest Chinese Manufacturing Growth in 6 Years

Marcus Jacob
23 Sep, 2015
New York City

Australian market indexes plunged more than 2% led by another sharp fall in resource sector after the Chinese manufacturing sector growth contracted at the fastest pace since the depth of financial crisis in 2008. Nufarm gained after the agro-chemicals maker reported net annual income increased 15%.

With Fed Playing Indecisive, S&P 500 and Emerging Markets Dive

Nichole Harper
22 Sep, 2015
New York City

Market indexes across Atlantic dropped more than 1% on the potential that the Fed may push rate hike until next year. Dollar traded at a 2-week high. Commodities extended monthly loss with copper and other base metal reaching monthly lows.

AutoZone Jumps; Carnival, ConAgra, CarMax, Red Hat, Thor Drop

Mukesh Buch
22 Sep, 2015
New York City

AutoZone revenues and profit jumped. Carnival net and sales fell but lifted fiscal earnings outlook. ConAgra net swung to a loss. CarMax net surged 12%. Darden Restaurants lifted fiscal earnings outlook. General Mills net surged 24%. Red Hat profit jumped 9%.

Volkswagen Sets Aside

Nigel Thomas
22 Sep, 2015
New York City

AA net swung to a loss of

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