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Toshiba Revises Loss Estimate Sharply Higher, Nikkei Eases 0.4%

Hiruki Nakamura
21 Dec, 2015
New York City

The Nikkei 225 average extended Friday losses after oil prices continued to dip and Toshiba sharply escalated its estimate of fiscal year losses. Domestic supermarket sales in November declined 1%. Osaka Gas plans to withdraw from its thermal power project with Marubeni Corp.

S&P 500 Down 1%, Third Weekly Price Decline in Oil

Nichole Harper
18 Dec, 2015
New York City

S&P 500 index declined nearly 1% and for the week trimmed gains to 0.5% and extended 2015 loss to 1.8%. The widely followed index was down on the ongoing weakness in energy and industrial sectors.

Darden Restaurants, Red Hat Jump; CarMax Plunges 8%

Mukesh Buch
18 Dec, 2015
New York City

Bristol-Myers agreed to sell its investigational HIV medicines for $1.5 billion to GlaxoSmithKline unit. AAR net tumbled 47%. BlackBerry net swung to a loss. CarMax profit fell 4%. Darden Restaurants net swung to profit. Lennar net soared 15%. Red Hat net slid 2%.

European Markets Retreat, GSK Acquires H.I.V Drugs for $1.5B

Lucy Stoeva
18 Dec, 2015
New York City

European markets retreated on Friday after strong gains earlier in the week. GlaxoSmithKline agreed to acquire H.I.V. treatments drugs from Bristol-Myers Squibb for $1.5 billion. Intertek Group acquires FIT Italia.

Investa, Dexus Merger to Create Largest Office Trust, Sydney Arpt Traffic Up

Marcus Jacob
18 Dec, 2015
New York City

ASX 200 was little changed on Friday but closed 1.4% higher for the week. A2 Milk surged 29% after the infant dairy powder maker lifted revenues and operating profit forecast. Investa Office and Dexus Property Group merger will create the largest office trust in Australia.

Bank of Japan Holds Asset Purchase Program, Nikkei Down 1.3%

Hiruki Nakamura
18 Dec, 2015
New York City

The Nikkei 225 average declined 1.9% today and fell 1.3% in the week. The Bank of Japan kept its monetary stimulus unchanged and proposed a new ETF purchase program. Kumiai Chemical net soared 115%. Oracle Corporation Japan profit rose 3%.

Sensex in India Halts 4-Day Rally; TCS and Infosys Edge Lower

Sarla Buch
18 Dec, 2015
New York City

Sensex in Mumbai halted 4-day rally and pared weekly gains to 1.6%. Germany-based ERGO Insurance Group plans to increase its stake in insurance joint venture with HDFC to just below 49%.

European Markets Soar on Fed Move and Economic Data

Lucy Stoeva
17 Dec, 2015
New York City

European markets surged after the Fed lifted rates and signaled improving economy. U.K. retail sales were ahead of expectations and construction activities in the euro zone also rose. AstraZeneca agreed to acquire Acerta Pharma for

Wall Street Turns Lower A Day After Rate Hike, Stable World Markets

Nichole Harper
17 Dec, 2015
New York City

A day after rate hike, stocks on Wall Street traded lower and investors shifted focus to latest weekly jobless claims. Unemployment claims declined 11,000 in the previous week. FedEx and Oracle diverged on earnings. European markets jumped on widening economic activities.

FedEx, Worthington Jump; Accenture, General Mills, Oracle, Scholastic Drop

Mukesh Buch
17 Dec, 2015
New York City

Accenture net dropped 3%. FedEx revenues and profit jumped 4%. General Mills net surged 53% but revenues slumped 6%. Jabil Circuit profit soared 83% on 15% increase in revenues. Oracle net tumbled 12% and revenues declined 6%. Rite Aid net plunged 43%.

Banks Lead Sydney Stocks Rally on U.S. Rate Hike

Marcus Jacob
17 Dec, 2015
New York City

ASX 200 index jumped 1.5% after the widely anticipated increase in the U.S. interest rates kicked in. Banks led the gainers. Caltex Australia said net profit before one-time items soared 29%.

Sensex Jumps 1.2%, Reliance Infra Lifts Stake in Pipavav Defence

Sarla Buch
17 Dec, 2015
New York City

Sensex jumped 1.2% following a rally in Asian markets after the U.S. Federal Reserve lifted rates and signalled that the economy has recovered to be strong enough to withstand higher rates. Reliance Infra acquired additional 17% stake in Pipavav Defence. Hindustan Unilever agreed to buy Indulekha.

Nikkei in Tokyo Surges 1.6%, Toyota Lifts Global Sales Outlook

Hiruki Nakamura
17 Dec, 2015
New York City

The Nikkei 225 average jumped 1.6% after trade deficit in November narrowed and the U.S. Fed raised its key lending rate. Toyota lifted 2016 global sales outlook by 1.1%. TDK plans to acquire Switzerland-based semiconductor designer.

Fed Hikes Rate After Nine Years

Nichole Harper
16 Dec, 2015
New York City

Stocks on Wall Street gyrated but markets remained calm after the U.S. Federal Reserve raised interest rate for the first time in nine years. The increase of 0.25% is expected to be followed by additional but gradual increases. Crude oil dropped more than 3% and natural gas fell to 16-year low.

Honeywell, Joy Global, Valeant Jump; Global Payments, Lakeland Plunge

Mukesh Buch
16 Dec, 2015
New York City

Global Payments agreed to acquire Heartland Payment for $4.3 billion. Honeywell reaffirmed 2015 earnings outlook. Heico net surged 19%. Joy Global net swung to a loss on 24% decline in revenues. Valeant lowered revenues outlook.

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