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Market Update

Actelion Offers $2.5 B to ZS Pharma, J D Wetherspoon Net Soars

Nigel Thomas
11 Sep, 2015
New York City

Actelion in preliminary talk with the U.S.-based rivals ZS Pharma for $2.5 billion. Gerry Weber profit tumbled 49% but revenues jumped 5%. J D Wetherspoon profit soared 9% on 7% increase in revenues. Jelf received

Australian indexes Lack Support, CBA Offering Attracts 50% Participation

Marcus Jacob
11 Sep, 2015
New York City

Australian market indexes closed down and trimmed weekly gains to 0.7%. Commodities eased. Commonwealth Bank only received 50% participation in its $3 billion rights offering. Newcrest Mining struggles with safety issues.

Sensex in India Advances 1.6%; MRF, TVS to Expand in Tamil Nadu

Mukesh Buch
11 Sep, 2015
New York City

Arvind Ltd, apparel retailer entered in a partnership with cosmetics retailer Sephora. MRF & TVS Motors finalize investment plans to expand manufacturing in Tamil Nadu. L&T is a step closer to issue bonds worth ₹9,600 crore.

Palo Alto Surges; Krispy Kreme, Lululemon Plunge

Mukesh Buch
10 Sep, 2015
New York City

Assurant agreed to sell businesses for $1.92 billion to Canada-based Sun Life Financial. Dell plans to invest $125 billion in China in the next five years. Hovnanian net swung to a loss. Krispy Kreme profit increased 4%. Lululemon net dropped 2%. Palo Alto net loss widened.

Australian Indexes Drop 2.4% on Weak Commodities

Marcus Jacob
10 Sep, 2015
New York City

Australian market indexes declined more than 2% after regional markets turned volatile and investors worried on the faster economic slowdown in China. Gold and crude oil declined. Atlas Iron reached its production target four months ahead of schedule.

Nikkei Settles Lower in Tokyo, Machine Orders Slipped in July

Hiruki Nakamura
10 Sep, 2015
New York City

Nikkei average settled lower in choppy trading following the largest one-day gain since 2008. Core machinery orders slipped in July. Shimamura advanced on higher first-half sales.

Dunelm, Next Profit Jump; Morrison Net Tumbles

Nigel Thomas
10 Sep, 2015
New York City

Bouygues secured contract worth

Wireless Carriers in India Look to Consolidate, Sensex Falls

Mukesh Buch
10 Sep, 2015
New York City

Com plans to sign a spectrum sharing agreement with Reliance Jio.Bharti and Malaysia-based Axiata Group are looking to combining operations in Bangladesh.

Wall Street Turns Cautious, Asia and Europe Rally

Nichole Harper
09 Sep, 2015
New York City

Stocks on Wall Street opened higher after positive comments from Beijing and Tokyo. However, market sentiment turned negative in the afternoon trading ahead of Fed policy meeting next week. Apple released new phone versions and business user focused tablets.

Biggest One Day Surge in Seven Years in Nikkei

Hiruki Nakamura
09 Sep, 2015
New York City

Nikkei average soared nearly 8% after dipping into negative territory following a broader rally in Asia. In the largest one-day gain since October 2008, Nikkei closed at a one-week high. Toshiba traded volatile and SoftBank and Fanuc led gainers in the index.

Australian Indexes Soar 2.2%, Home Loans Approval Rise 0.3%

Marcus Jacob
09 Sep, 2015
New York City

Australian market indexes soared more than 2% following an Asia-wide rally. In active trading, banks and resource stocks led gainers. Home loans approval increased less than expected 0.3% in July.

Sensex Soars 1.6%, Hindustan Unilever Sells Bakery Business

Mukesh Buch
09 Sep, 2015
New York City

Hindustan Unilever sold its bakery business to Nimman Foods. JK Tyre jumped 3% and the company plans to make tyres scooters. Hindalco refinanced about $2.2 billion of debt and extended loans for 10 more years.

AEP, Barnes & Noble, Men's Wearhouse Decline

Mukesh Buch
09 Sep, 2015
New York City

AEP Industries net soared. Barnes & Noble net loss widened. Casey''s General net surged 23% while sales plunged 11%. HD Supply jumped 127%. Men''s Wearhouse profit soared on 15% increase in revenues. Titan Machinery net swung to profit.

ABB Lowers Revenues Forecasts, Ryanair Lifted Profit Outlook

Nigel Thomas
09 Sep, 2015
New York City

ABB lowered revenues forecast up to fiscal 2020. Bourbon net loss widened. Barratt Developments profit surged 47%. Hargreaves Lansdown net slumped 3%. Ryanair lifted profit forecast after traffic in the first-half jumped 13%.

Wall Street Rally Lifts S&P 500 2%, China Imports Drop

Nichole Harper
08 Sep, 2015
New York City

Wall Street indexes rebounded in a broad rally and the dollar advanced. Crude oil declined and European markets gained more than 1%. Indexes in Japan extended last week loss of 7% and China reported weaker than expected imports data.