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Stocks Lose Steam on Wall Street; ECB Lowers Inflation, Growth Targets

Nichole Harper
03 Sep, 2015
New York City

Investors looked ahead to the monthly employment data release tomorrow. Global markets gained in quiet trading and bond yields fell in the euro zone after the European Central Bank trimmed growth and inflation outlook.

Nikkei Closes Higher Following New York Rebounce

Hiruki Nakamura
03 Sep, 2015
New York City

Nikkei average in Tokyo closed higher and the yen strengthened in thin trading. Nikkei traded above 18,000 but investors worried that the quarter profit may fall below expectations.

Weak Australian Retail Sales and Exports Add to Economic Anxieties

Marcus Jacob
03 Sep, 2015
New York City

The latest read on Australian retail sales added to domestic economic anxieties following the weak economic growth data released this week. In addition, trade deficit in July narrowed but core exports of coal and metal ores fell.

Syngenta Announces $2B Repurchase Plan, UCB in $1.2 B Deal

Nigel Thomas
03 Sep, 2015
New York City

Syngenta announced a share repurhcase plan of more than $2 billion. UCB unit agreed to be acquired by Lannett for $1.2 billion. easyJet lifted fiscal outlook. Co-operative Group swung to profit. Lookers agreed to acquire Benfield Motor.

Sensex in India Soars 1.2%; VA Tech Wabag Wins Order in Malaysia

Mukesh Buch
03 Sep, 2015
New York City

Volatile Sensex in Mumbai jumped up more than 1% following relative stability in world markets. Punj Lloyd plans to invest $300 million to expand its defense facilities. VA Tech received an order from Malaysia-based Petronet worth $250 million.

AOL Acquired Millennial Media, Medtronic Net Falls

Mukesh Buch
03 Sep, 2015
New York City

Lannett agreed to acquire a unit of UCB for $1.2 billion. AOL agreed to acquire Millennial Media for $250 million. Campbell Soup net tumbled 45%. Ciena profit jumped 46%. Greif net plunged 37.2% but lifted fiscal outlook. Joy Global net plunged.

For Now Global Markets Stable on China Steps, U.S. Productivity Jumps

Nichole Harper
02 Sep, 2015
New York City

Global markets stabilized after China took steps to support stocks with the help of nine large brokerage houses. Stocks on Wall Street advanced after productivity rose at a faster pace in the second quarter. Crude oil eased on rising inventories.

Valeant to Buy Synergetics, AeroVironment Plunges 11%

Mukesh Buch
02 Sep, 2015
New York City

AeroVironment net loss widened. Ambarella net more than doubled. H & R Block announced a stock buyback plan of as much as $3.5 billion through June 2019. Navistar sales declined 11%. Valeant agreed to acquire surgical devices maker Synergetics for $6.50 a share.

European Markets Rebound, Vivendi Increase Dailymotion Stake

Nigel Thomas
02 Sep, 2015
New York City

Ashtead profit surged 36% on 26% increase in revenues. Halfords plunged after comparable bicycles and accessories sales declined 11%. Ryanair said passenger count in August surged 10%. Vivendi increased stake in Dailymotion to 90%.

Sensex Drops 0.9%; Bajaj, TVS Sales Rise, Hero, Tata Motors Sales Fall

Mukesh Buch
02 Sep, 2015
New York City

Indexes in India declined and vehicle makers reported mixed sales. Hero MotoCorp, the largest two-wheeler maker said sales in August declined 14% but Bajaj sales rose 2%. Third largest scooter maker TVS Motor said sales edged up 0.7%. Largest truck maker Tata Motor said domestic sales fell 3%.

Australia's Economic Growth Slows to 2-Year Low

Marcus Jacob
02 Sep, 2015
New York City

Australian economic growth slowed more than anticipated. GDP rose barely in the second quarter from the first after prices of oil, iron ore and other commodities dipped to new lows. Economy may have entered negative zone in the current quarter.

Volatile Nikke Drifts Near Six-Month Low on Another Down Day in China

Hiruki Nakamura
02 Sep, 2015
New York City

Volatile Nikkei average closed down after Chinese stocks fell again in a chaotic session. Nikkei lacked direction and the average jumped up and down in most of the session but drifted near six-month low. Daio Paper plunged 18% after the company announced $250 million euro-yen bond offering.

Global Markets Dive Again, U.S. Indexes in Correction Phase Again

Nichole Harper
01 Sep, 2015
New York City

Global markets selloff began in Asia and quickly traveled to Europe and New York with major market indexes falling between 2% and 4%. S&P 500, Tollbooth and Dow reentered corrective phase as indexes resume downward spiral in September.

Ford, Chrysler Sales Jump but GM, Nissan Sales Drop in August

Mukesh Buch
01 Sep, 2015
New York City

Dollar Tree net swung to a loss. Donaldson net plunged 23%. Ford sales in August soared 5.4%. Chrysler Sales in August increased 2%. GM sales in the U.S. fell 0.7%. Nissan sales decreased 0.8%. SAIC profit tumbled 35%.

Nikkei Plunges 4% on Corporate Spending Slowdown

Hiruki Nakamura
01 Sep, 2015
New York City

Nikkei average in Tokyo plunged nearly 4% after corporate capital spending growth declined in June quarter and investors worried that the current quarter data may show additional weakness. Toshiba Corp plunged 5% after the conglomerate delayed releasing financial statements again.

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