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Wall Street Reverse Losses, U.S. Launches Drug Price Investigation

Nichole Harper
05 Nov, 2015
New York City

Market indexes on Wall Street reversed losses of as much as 0.8% but stocks across most sector generally traded lower. Facebook soared to a record high on strong quarterly results. U.S. launched a drug price increase investigation and sought information from four drug makers.

Expedia, FB, Ralph Lauren Soar; Qualcomm, Whole Foods Plunge

Mukesh Buch
05 Nov, 2015
New York City

Apache net loss widened and Duke Energy profit plunged 27%. Expedia agreed to acquire smaller rival HomeAway for $3.9 billion. FB net soared 11% after ad revenues rose 45%. Qualcomm profit declined 44%. Ralph Lauren net tumbled 20%.

EC Lowers Growth and Inflation Outlook, German Manufacturing Slowdown

Nigel Thomas
05 Nov, 2015
New York City

European markets were little changed, driven mostly by mixed earning reports. Adidas profit surged 10% on 18% increase in revenues. AstraZeneca net slipped and forecasted flat revenues for the year. Credit Agricole plunged after revenues declined. Deutsche Telekom net jumped. Heidelberg profit rose.

Nikkei in Tokyo Jumps 1% in Asian Rally

Hiruki Nakamura
05 Nov, 2015
New York City

Nikkei average in Tokyo jumped 1% on positive assessment of the U.S. economy and rally in Shanghai supported the market advance across several markets in Asia. Mitsubishi net swung to a loss. Marubeni net tumbled 76%. Toyota lowered fiscal year vehicle sales forecast after net profit soared 12%.

Bank Stocks in Australia Lead Decliners After Commowealth Results

Marcus Jacob
05 Nov, 2015
New York City

Australian market indexes and the bank stock fell after Commonwealth Bank said bad debts continued to rise but profits increased. Shanghai Composite surged 4% and extended 2-day rally on the stimulus measures expectations. Ardent Leisure tumbled. oOh!Media surged.

Sensex in India at Five-Week Low; Ashok Leyland, Bata, P&G Net Soar

Sarla Buch
05 Nov, 2015
New York City

Ashok Leyland said quarterly net soared 137% on 54% increases in revenues. L&T secured orders worth $300 million in October. Bata India net soared 39%. Procter & Gamble India profit rose 16%. Chennai Petroleum loss widened.

Yellen in Hot Seat Defends Fed's Approach, European Markets Advance

Nichole Harper
04 Nov, 2015
New York City

U.S. indexes struggled as the Fed Reserve Chair Janet Yellen defended the central bank

Avon, Cognizant, Revlon; Time Warner Twenty-First Century Fox Decline

Mukesh Buch
04 Nov, 2015
New York City

Avon net swung to a loss after revenues fell 22%. Becton Dickinson net plunged 40%. Cognizant lifted fiscal outlook. Motorola net fell 22%. Revlon net slumped 58%. Time Warner net jumped. Twenty-First Century Fox net plunged.

Japan Post Public Offerings Soar in Tokyo, Japan Tobacco Surges on Outlook

Hiruki Nakamura
04 Nov, 2015
New York City

Nikkei average gained 1.3% and the Japanese government raised $12 billion through three public offerings of Japan Post related companies. Consumer confidence index in October recovered a little from September. Japan Tobacco soared 11% on sales outlook. Honda Motor sales jumped 16% in first-half.

ECB Reaffirms Deflation Fight Commitment, InBev Extends SABMiller Deadline

Nigel Thomas
04 Nov, 2015
New York City

ECB held out for additional steps to stimulate the euro zone economy at the next meeting in December. Axel Springer profit soared 68%. Barry Callebaut net fell 3%. Marks & Spencer net tumbled 24% but lifted gross margin estimate for the year. AB InBev extended SABMiler offer deadline.

Australian Trade Deficit Narrows, Aussie Dollar Gains

Marcus Jacob
04 Nov, 2015
New York City

Australian market indexes closed nearly changed in a quiet trading after trade deficit in September narrowed. Exports rose 3% and imports increased 2% in the month. Aussie dollar closed higher and traded above 72 U.S. cents.

Godrej Properties, GAIL, Power Grid, Tech Mahindra Net Jump; DLF Net Falls

Sarla Buch
04 Nov, 2015
New York City

Nestle India readies the return of Maggi by the end of November. GAIL India quarterly profit rises 20%. DLF net tumbled 66%. Godrej Properties net and revenues surged. Power Grid profit soared 21% on 17% increases in revenues. Tech Mahindra profit jumped 16%.

4% Surge in Crude Oil Fuels Wall Street Rally

Nichole Harper
03 Nov, 2015
New York City

Market indexes on Wall Street advanced on the back of a nearly 4% rally in crude oil prices. A five-day rally in energy prices lifts the sector to a high not seen in three weeks. AIG struggled after missing earnings but Visa surged after it agreed to buy Visa Europe.

Activision to Buy King Digital for $5.9 B, October U.S. Auto Sales Jump

Mukesh Buch
03 Nov, 2015
New York City

Activision Blizzard agreed to acquire King Digital for $5.9 billion and net swung to profit. Archer Daniels net tumbled 66%. Chrysler October sales soared 15%. Ford sales Jumped 13% while GM sales surged 16%. HCP net plunged 54%. Kellogg profit dropped. McGraw Hill Financial net surged 33%.

Australian Index Jumps 1% With Rates on Hold and Future Easing Bias

Marcus Jacob
03 Nov, 2015
New York City

Reserve Bank of Australia left its reference rate on hold and held out for more easing steps on benign inflation outlook. GrainCorp issued a profit warning. Banks led the gainers in Sydney trading.

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