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Ford, Fiat Chrysler, GM, Nissan September Sales Surge

Mukesh Buch
01 Oct, 2015
New York City

Ford, Fiat Chrysler, GM, Nissan U.S. sales in September surged. Bassett Furniture profit and revenues jumped. JPMorgan plans to bid for $18 billion of mortgages sold by the U.K. government. McCormick net tumbled 21%. Rite Aid same store sales increased 1.5%.

Worst Quarterly Decline in Four Years on Wall Street

Nichole Harper
30 Sep, 2015
New York City

Stocks on Wall Street rebounded and market indexes soared. S&P 500 index jumped 1.9% in active trading. U.S. Congress passed a stop-gap measure just hours before to avert a government shutdown. Fro the quarter, the S&P 500 index declined 6.9% and the Nasdaq dropped 7.4%.

Nikkei Surges on Technical Rebound, Retail Sales Rise 0.8%

Hiruki Nakamura
30 Sep, 2015
New York City

Nikkei average in Tokyo surged on a technical rebound and investors overlooked the weak factory output and retail sales data. Japan Tobacco plunged 10% after the company agreed to an expensive purchase of brands from Reynolds America.

Australia Rebounds 2% Despite Weak and Volatile Housing Data

Marcus Jacob
30 Sep, 2015
New York City

Australian market indexes soared 2% following a market advance in the region. New home construction in August declined 6.9%, significantly lower than the expectations of 2% fall but rose 5.1% from a year ago.

Comscore Jump; Barracuda, Diamond Foods Drop

Mukesh Buch
30 Sep, 2015
New York City

Actuant tumbled 38% after the company lowered fiscal outlook. Avnet agreed to acquire Germany-based Orchestra Service. Barracuda Networks net swung to a loss. Costco profit soared 10%. Diamond Foods net swung to profit. Pfizer lifted revenues forecast.

France Based Retailer Fnac Approaches Darty, Sainsbury Lifts Outlook

Nigel Thomas
30 Sep, 2015
New York City

British American Tobacco completed the acquisition of Croatia-based TDR for

India Wins 18% Discount on Natural Gas Price, Sensex Rebounds 1.5%

Mukesh Buch
30 Sep, 2015
New York City

India settled price of natural gas with contractors at $3.82 per unit, 18% lower than the current price. India imports nearly 50% of its natural gas demand. RCom is in advanced talks with Reliance Jio to share spectrum. Godrej Properties sold its Bandra-Kurla complex.

Worldwide Sell off Extends to Second Day

Nichole Harper
29 Sep, 2015
New York City

Market indexes in New York and Europe trended lower and commodities were in focus again. Asian markets sold off and Nikkei in Tokyo plunged more than 4%. Reynolds American agreed to sell a business unit for $5 billion.

Nikkei Plunge Leads Asia Sell Off, Shippers and Steel Makers Drop

Hiruki Nakamura
29 Sep, 2015
New York City

Nikkei average plunged 4% and led the Asia-wide decline on the ongoing Chinese economy slowdown worries. Shipping companies plunged more than 5% after a mid-tier shipper announced a plan to file bankruptcy.

Australian Indexes Plunge 4% as Glencore Melts Down

Marcus Jacob
29 Sep, 2015
New York City

Australian market indexes plunged 4% and dropped to a two-year low in active trading after an analyst report cited dire outlokk for shareholders. Arrium agreed to develop a port facility at the third largest city in South Australia.

Yahoo to Spin-off Alibaba Stake, Reynolds in $5 B Deal

Mukesh Buch
29 Sep, 2015
New York City

Yahoo! plans to spin off about $22 billion in Alibaba shares that may not be a tax-free deal to shareholders. Ferrellgas Partners net loss widened after revenues declined. IHS profit soared. Reynolds American sells its certain brands to Japan Tobacco for $5 billion.

RBI in India Lowers Rate, Shree Renuka Brazil Units File Bankruptcy

Mukesh Buch
29 Sep, 2015
New York City

The Reserve Bank of India lowered its reference rate as anticipated but consumer price inflation in India remains elevated despite the deepening wholesale price deflation. Shree Renuka said its Brazilian unit acquired five years ago in debt-financed deals filed for bankruptcy protection.

Ahead of RBI Policy Meeting Stocks Turn Lower, Fertilizer Stocks Soar

Mukesh Buch
28 Sep, 2015
New York City

Stocks in Mumbai were on the defensive ahead of the economic policy meeting tomorrow. Central and state government agencies award more highway construction contracts. Petronet LNG prepares for $160 million bond offering. Fertilizer stocks soar.

TeleCity Merger Decision Looms, Quintain Bid Revised Higher

Nigel Thomas
25 Sep, 2015
New York City

European antitrust regulators are expected to decide on the merger between two data center operators TeleCity and Equinix for

Williams and Energy Transfer in $37.7 B Deal, Alcoa to Split

Mukesh Buch
28 Sep, 2015
New York City

Alcoa will split into two publicly traded companies. Apple sold more than 13 million iPhone 6 versions in three days of launch. Cypress Semiconductor plans to acquire Atmel for $4.6 billion. Comcast will acquire 51% stake in Universal Studios Japan theme park.

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