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BP Settles Oil Spill Claims in $20.8 B, American Apparel Files Bankruptcy

Mukesh Buch
05 Oct, 2015
New York City

BP settled claims for Gulf of Mexico oil spill for $20.8 billion. Nelson Peltz invested $2.5 billion in GE and becomes one of top 10 investors. American Apparel filed for Chapter 11 bankruptcy. Suncor made a hostile acquisition offer to Canadian Oil Sands for C$4.3 billion.

Potash Withdraws K&S Offer, Glencore to Sell Agriculture Assets

Nigel Thomas
05 Oct, 2015
New York City

Potash Corp withdrew its

Sensex Powers Ahead 2% on Rally in Asia

Mukesh Buch
05 Oct, 2015
New York City

TVS and Tata Motors total vehicle sales slipped. National Buildings Construction secured new contracts and expanded its backlog. Life Insurance Corp sold its 2% stake in Chennai Petroleum. NTPC plans to sell electricity to Bangladesh.

U.S. Job Growth Machine Sputters, Europe Struggles with Deflation

Nichole Harper
02 Oct, 2015
New York City

Stocks on Wall Street edged lower after weaker-than-expected new job additions in September and August. Jobless rate in September held at 5.1% in September. Wholesale price index in the euro zone declined more than expected. Monetary base in Japan accelerated at a faster pace in September.

Nikkei Flat as Monetary Bas Rises in August at a Faster Pace

Mukesh Buch
02 Oct, 2015
New York City

Nikkei average in Tokyo closed nearly unchanged and rose 0.9% after a week of volatile trading. Seasonally adjusted jobless rate rose was unchanged in August at 3.4%. Monetary base in August rose more than expected in August.

CalAmp Micron Jump; Delta Air, Progress Software Decline

Mukesh Buch
02 Oct, 2015
New York City

American Electric Power agreed to sell its subsidiary to American Commercial Lines for $550 million. CalAmp net jumped 7%. Delta Air Lines passengers

Australian Indexes Fall 1%, Origin Energy Nears $2.5 B Capital Raising

Marcus Jacob
02 Oct, 2015
New York City

Australian market indexes declined more than 1% and closed flat after a week of volatile trading. Origin Energy completed its institutional tranche of $2.5 billion capital raising.

Stocks on Wall Street Search Direction on Mixed Economic Data, Oil Down 1%

Nichole Harper
01 Oct, 2015
New York City

Market indexes on Wall Street lacked direction and oil prices declined nearly 1%. Chipmakers were on the defensive on an industrywide speculation that Apple Inc may cut chip orders for the fourth quarter.

Nikkei Soars 1.9% After Worst Third Quarter in Five Years

Hiruki Nakamura
01 Oct, 2015
New York City

Nikkei average in Tokyo soared on the first day of the last quarter after falling the most in the previous quarter in five years. Tankan survey, released by the Bank of Japan showed mixed economic picture with the struggling manufacturing sector but growing service sector.

September Vehicle Sales Jumps in India, Weekly Rise of 1.5% in Sensex

Mukesh Buch
01 Oct, 2015
New York City

Ashok Leyland total auto sales soared 26% and Hero MotoCorp total sales rose 0.7%. Maruti Suzuki India sales increased 4%. Eicher Motors sales surged 28% but Mahindra & Mahindra passenger vehicle sales slipped 7%.

Europe Movers: Air France KLM, Carl Zeiss Meditec, Grenkeleasing, Paragon

Nigel Thomas
02 Oct, 2015
New York City

Air France KLM board agreed on a restructuring plan for next two years. Carl Zeiss Meditec estimated revenues for the year to jump 14% to

Australia Extends Weekly Gains, Newcrest Sells Evolution Stake

Marcus Jacob
01 Oct, 2015
New York City

Resource stocks and banks led the latest advance in Australia. Crude oil and gold gained. Arrium estimated additional cost savings of $60 million as the steelmaker restructure its distribution and operations. Newcrest Mining sold off its remaining stake in Evolution Mining.

Altice Completed Debt and Equity Issues to Fund Cablevision Purchase

Nigel Thomas
01 Oct, 2015
New York City

Altice raised $2 billion in an equity offering and $8.6 billion in debt offering to finance the purchase of Cablevision. Repsol sell part of its piped gas business. Tullow managed to retain its credit facility of

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%.

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