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SUVs Drives July U.S. Auto Sales Higher, Tyson Plunges

Mukesh Buch
03 Aug, 2015
New York City

Clorox net soared 12%. CDW profit surged 25%. Ford, Fiat Chrysler, GM sales in July climbed. Loews profit climbed 47% but revenues dropped 4%. Mercury General net tumbled 90% on 10% decline in revenues. Tyson Foods net surged 32%.

Australian Home Prices Rise 2.8% in July; CSL, Novartis in Flu Vaccine Deal

Marcus Jacob
03 Aug, 2015
New York City

Australian market indexes closed down and home prices rose 2.8% in July according to a private survey. CSL agreed to acquire influenza business of Novartis AG for US$275 million.

Commerzbank, Heineken Net Soar; HSBC Sells Brazilian Unit

Nigel Thomas
03 Aug, 2015
New York City

Commerzbank profit more than doubled. Exor agreed to acquire PartnerRe for about $6.9 billion. Heineken profit soared 81% to

Hero Struggles with Sales in Rural India, Maruti Auto Sales Rises 21%

Mukesh Buch
03 Aug, 2015
New York City

Maruti Suzuki, the largest automaker in India, said unit auto sales climbed 21% in July. Hero, the maker of two-wheeler, said sales slipped 8% on weaker demand in rural areas. Bajaj sales rose 3%. M&M sales slipped 11%. L&T quarterly profit plunged 37%. HCL net increased 6%.

World Markets Mixed as Oil Dips to New Low

Nichole Harper
31 Jul, 2015
New York City

Market indexes on Wall Street turned lower and commodities declined after crude oil price declined to a new low and extended losses deeper. Euro zone inflation was stable at 0.2% and jobless rate at 11%.

Australian Wholesale Inflation Slows, ResMed Rises

Marcus Jacob
31 Jul, 2015
New York City

Australian market indexes extended weekly gains and wholesale inflation in second quarter slowed on weaker energy prices. ResMed said fourth quarter sales increased 8%. Monadelphous won four contracts worth $130 million.

With Declining Household Spending, Stagnant Inflation in Japan

Hiruki Nakamura
31 Jul, 2015
New York City

Inflation in Japan increased 0.4% in June from a year ago month and was unchanged at 0.1% from the previous month. With the latest decline in energy prices, inflation has been below the Bank of Japan

Sensex Jumps 1.5%, ICICI Net Climbs, India to Trim Hindustan Copper Stake

Mukesh Buch
31 Jul, 2015
New York City

ICICI Bank said quarterly net climbed 12% in 8% increase in revenues. Karur Vysya Bank net jumped 10% but Kotak Mahindra Bank net plunged 26%. GlaxoSmithKline net and revenues declined. Titan Company net fell 15%.

Chevron, Exxon Profits at Decade-Low; LinkedIn Drops 9%

Mukesh Buch
31 Jul, 2015
New York City

ArcelorMittal revenues declined 18%. Amgen net climbed 6%. Aon profit plummeted 41%. Chevron and Exxon Mobil net declined after revenues tumbled above 30%. Enbridge net plunged 24%. LinkedIn net loss widened. Seagate net tumbled 57%.

Carrefour Net Plunges 29%, BNP Paribas Net Swings to Profit

Nigel Thomas
31 Jul, 2015
New York City

Airbus net surged 34% to

Consumer Spending Boosts Second-Quarter U.S. Economic Growth

Nichole Harper
30 Jul, 2015
New York City

U.S. economic growth accelerated in the second-quarter from the first boosted by consumer spending on falling energy price. In addition, improving labor market also encouraged consumers to shop more often.

Colgate, Facebook, Marriott, P&G, Whole Foods Decline

Mukesh Buch
30 Jul, 2015
New York City

BorgWarner net tumbled 22%. Colgate revenues and profit declined. Cigna net rose 2%. Facebook dropped 9% on rising costs but after advertising revenue surged 43%. Marriott net soared 25%. P&G net tumbled 80%. Time Warner net declined 7%. Teva net plunged 28%.

Nikkei Rises 1.1%; Nintendo Surges on Profit, Sony Net Triples

Hiruki Nakamura
30 Jul, 2015
New York City

Nikkei average increased 1.1% and industrial output jumped 0.8% in June. However, auto sales in the month declined 5.3% on 5.1% decline in sales. Nintendo soared after posting profit in the latest quarter. Sony Corp quarterly net tripled.

Australian Building Approvals Plunge 8%, Freelancer Soares 10%

Marcus Jacob
30 Jul, 2015
New York City

Australian market indexes gained and the Aussie dollar drifted lower after the U.S. Fed left rates at zero. Australian building approvals declined more than expected 8.2% in June. Australian online marketplace Freelancer posted record revenues and user growth.

RBA Lets Rupee Slide Further; Nestle Net Swung to Loss, Essar Oil Net Rises

Mukesh Buch
30 Jul, 2015
New York City

Rupee continues to drift lower despite the recent collapse in energy and gold prices, two largest imported items by India. Essar Oil quarterly profit surged 54%. Nestle India net swung a loss. Dr. Reddy''s Lab net jumped 14%. NTPC net fell 3%. Crompton Greaves secured a contract in Portugal.

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