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Lindsay, Nike Soar; Bed Bath & Beyond, Micron Technology Plunge

Mukesh Buch
23 Dec, 2015
New York City

Bed Bath & Beyond plunged 6% on weak sales and earnings per share forecast. Lindsay revenues and net declined 9%. Micron Technology net tumbled 79%. Nike profit surged 20%. Paychex net jumped 9%. ConocoPhillips agreed to sell its 50% stake in Rosneft.

European Markets Jump 2% on Brief Rebound in Brent Crude

Lucy Stoeva
23 Dec, 2015
New York City

European markets jumped 2% after Brent crude rebounded from the lowest since 2004 a day earlier. OPEC report suggested that the demand for its crude in 2020 is likely to be less than in 2016. Game Digital tumbled. Interbulk agreed to be acquired.

Sensex in Mumbai Jumps 1%, Rupee in 6-Day Rally

Sarla Buch
23 Dec, 2015
New York City

Rupee strengthens for the sixth day in a row. Wipro agreed to acquire Viteos Group for about $130 million. L&T secured orders worth ₹1,178 crore in December. Tata Steel is in talks to sell its U.K.-based steel unit to a private equity firm.

Australia Extends Six-Day Rally, Aurizon Lowers Profit Outlook

Marcus Jacob
23 Dec, 2015
New York City

Australian markets extended gains for the sixth day in a row on the strength in banking and mining stocks. Aurizon Holdings issued a profit warning. Mirvac Group signed an agreement with China Investment Corp. Slater & Gordon Limited faces another class action suit.

U.S. Home Sales Drop, GDP Estimate Lowered to 2%

Nichole Harper
22 Dec, 2015
New York City

Market indexes on Wall Street struggled to extend 2-day gains and commodities lacked direction in lacklustre trading. Existing home sales in November declined 10.5% but median home price rose 6.3%. European deal announcements picked up. Asian markets closed mixed.

Merger Deals in Europe Heat Up, DAX and CAC-40 Edge Higher

Lucy Stoeva
22 Dec, 2015
New York City

European markets traded slightly higher in a volatile session. Carrefour agreed to buy Romanian supermarket chain Billa Romania. Eurobank sells its 80% stake in Eurolife ERB Insurance. National Bank of Greece sells Finansbank to Qatar National Bank for

GE Sells Hyundai Capital Stake, ConAgra Profit Surges

Mukesh Buch
22 Dec, 2015
New York City

ConAgra profit surged. Cintas forecasted revenues for the year to jump 8%. Ennis net swung to profit but revenues fell. GE agreed to sell stake in Hyundai Capital to Hyundai Motor and Kia Motors. NetApp agreed to buy privately held SolidFire for $870 million.

Australian Stocks in 5-Day Rally, eCargo Soars

Marcus Jacob
22 Dec, 2015
New York City

Australian market indexes extended five-day rally and losses in banks and resource stocks trimmed gains. eCargo soared after signing a contract with Woolworths for its China operations. Broadspectrum proposed to reject the $692 million takeover proposal from Ferrovial.

Nikkei Average Holds Yearly Advance at 8%, Recruit Buys Dutch Rival

Hiruki Nakamura
22 Dec, 2015
New York City

The Nikkei 225 average closed marginally lower, while the Topix index edged higher in a lacklustre trading session ahead of a national holiday. McDonald reportedly plans to sell up to 33% stake in its Japanese unit. Recruit agreed to acquire Dutch rival USG People for

State Bank of India Plans $2 B Bond Offering, Rupee Gains

Sarla Buch
22 Dec, 2015
New York City

Sensex in Mumbai turned lower but rupee strengthened for the sixth day in a row. State Bank of India is looking to raise as much as $2 billion through a bond offering. Kotak Mahindra Bank acquired 1.37% stake in Godrej Properties.

Stocks on Wall Street Struggle, World Markets Turn Cautious on Oil Weakness

Nichole Harper
21 Dec, 2015
New York City

Stocks on Wall Street lacked conviction and broader market indexes are still in the negative territory in the year so far. Uncertainties linked to the U.S. rates and falling energy prices are the latest worries sapping the market momentum in addition to the slowing growth in China.

Icahn Raise Offer for Pep Boys; Staples, Office Depot Merger in Limbo

Mukesh Buch
21 Dec, 2015
New York City

Carnival net swung to profit. Icahn Enterprises lifted its offer for The Pep Boy to $16.50 a share. Ingersoll-Rand intends to sell its remaining stake in Hussmann for $400 million. Staples fail to win antitrust approval for Office Depot.

Brent Crude Hits 11-Year Low, Spain Hit by Election Results

Lucy Stoeva
21 Dec, 2015
New York City

European markets advanced and Brent oil dropped to an 11-year low. Markets were under pressure after ruling party failed to garner election win as expected. TeliaSonera agreed to sell its 60.4% stake in the Nepal-based Ncell to Axiata for $1.03 billion.

Sensex in India Rises 0.8%, IDBI May Sell Stake in Insurance Venture

Sarla Buch
21 Dec, 2015
New York City

Sensex in Mumbai closed higher on a rebound in financial and infrastructure stocks. IDBI Bank plans to sell its 20% stake in life insurance joint venture with Federated Bank and Belgium-based Ageas. Jubilant Life Sciences won an approval to sell more stake to foreign investors.

Australian Stocks Rest, Telstra and NBN in Network Deal

Marcus Jacob
21 Dec, 2015
New York City

ASX 200 closed little changed after gains in mining and finance offset losses in healthcare. Telstra moved closer to signing a $1.5 billion deal with NBN. James Packer of Crown Resorts resigned. Westfield completed the sale of five shopping malls for about $1.1 billion.

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