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Netflix to Pay for Streaming to Comcast; RF Micro Acquires TriQuint

Mukesh Buch
24 Feb, 2014
New York City

Dillard''s quarterly net declined 26% and sales fell 3%. El Paso net tumbled 75% GT Advanced Tech net loss narrowed. Netflix agreed to pay for network access to Comcast. Palo Alto loss widened. RF Micro Devices agreed to acquire TriQuint for $1.6 billion.

Broad Decline in Tokyo Indexes, Zeria Pharma Slumps 7%

Hiruki Nakamura
24 Feb, 2014
New York City

Stocks in Tokyo closed lower following general weakness in Asian markets. The yen gained and insurers and developers led the decliners in trading. Zeria Pharmaceutical dropped 7% after the company plans to raise as much as 18.7 billion yen in a public offering.

Europe Earnings: HSBC Net Soars, Bunzl Net Rises 7%

Nigel Thomas
24 Feb, 2014
New York City

Bunzl net climbed 7% to

China Housing Weakness Drags Australian Stocks, Transfield Soars 25%

Marcus Jacob
24 Feb, 2014
New York City

Australian market indexes turned lower in the afternoon trading to close flat after China added more restriction on housing market lending. Transfield Services soared 25% after the company won $1.2 billion contract to build an immigration processing center on Nauru and Manus Islands.

India Movers: CARE, DCM Shriram, ICRA, Pfizer, SKF India

Mukesh Buch
24 Feb, 2014
New York City

Anik Industries net jumped 9%. CARE declined after stakeholders rejected the sale bids. DCM Shriram board approves a stock buyback plan. ICRA surged after Moody''s offered to increase its stake to 55%. Pfizer climbed on restructuring plan. SKF India net surged 50%.

Nikkei Extends Weekly Gain to 3.9%, Osaka to Sell Rail Road to Nankai

Hiruki Nakamura
21 Feb, 2014
New York City

Stocks in Tokyo gained and for the week the indexes gained the best in the last three months. G20 finance ministers are scheduled for a weekend meeting and discuss the impact of U.S. Fed tapering plan on emerging markets currencies.

Agrium, DISH, Priceline.com Rise; Donaldson, Echostar, HP Fall

Mukesh Buch
21 Feb, 2014
New York City

Agrium net tumbled 72%. DISH net climbed 38% and revenue jumped 7%. Donaldson profit soared 15%. Ecolab net surged 24%. HP net soared 16%. Priceline.com profit surged 31%.

Australian Indexes Near 6-Year High

Marcus Jacob
21 Feb, 2014
New York City

Australian market indexes reached a six-year intra-day high in active trading worth $5 billion. Aussie dollar was the focus as banks estimate a sharp decline in the currency. Billabong reported a smaller loss. Crown Resorts said its Macau venture reported record results.

Europe Earnings: Axa, Elekta, Kering, Monitise, Valeo

Nigel Thomas
21 Feb, 2014
New York City

AXA net soared 14% to

India Movers: Bharti Airtel, HCL Tech, IL&FS, Shree Renuka, Sandur

Mukesh Buch
21 Feb, 2014
New York City

Bharti Airtel expected to face $3 billion charge in Nigeria. HCL denied that founder is seeking to sell his $10 billion stake. IL&FS secured a road project worth $216.7 million in Spain. Shree Renuka tumbled after Singapore based Wilmar to acquire 27.5% stake for $200 million.

Directv, Tesla Motors Rise; Marriott International, Wal-Mart Drop

Mukesh Buch
20 Feb, 2014
New York City

Actavis net swung to a loss but revenue soared 59%. DirecTV net declined 14%. Hormel Foods profit soared 18%. Marriott net tumbled 17%. Tesla Motors net loss narrowed. Wal-Mart net plunged 21%.

U.S. Indexes Retain Upward Bias, Wal-Mart Earnings Slide

Nichole Harper
20 Feb, 2014
New York City

U.S market indexes kept upward bias and investors focused on international markets and domestic earnings. Wal-Mart earnings declined for the fourth quarter in a row and the company blamed harsh weather and cut in food stamps.

Europe Earnings: Aegon, Air France-KLM, Accor, Danone, Randstad

Nigel Thomas
20 Feb, 2014
New York City

Aegon net tumbled 60%. Air France-KLM said loss in the quarter widened to

Nikkei Falls 2%, Japan Reports 19th Monthly Deficit in a Row

Hiruki Nakamura
20 Feb, 2014
New York City

Nikkei declined 2% after Japan reported 19th monthly trade deficit in a row on a surge energy imports. Weakening growth outlook in China also dragged market sentiment in Tokyo and Asia. Asahi Group estimated a fall in earnings on the impending rise in sales tax.

Weak China Growth Drags Australian Markets, Fairfax Soars 23%

Marcus Jacob
20 Feb, 2014
New York City

Australian market indexes trimmed the gains after a private survey in China suggested slowing manufacturing industry growth and moderate business conditions. Australian dollar eased. Fairfax Media soared 23% on earnings. Amalgamated Holdings Net fell 2%.

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