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Teva in $40.5 B Deal with Allergan, McGraw to Acquires SNL Financial

Mukesh Buch
27 Jul, 2015
New York City

Teva agreed to acquire Allergan for $40.5 billion and withdrew its proposal to acquire Mylan. McGraw agreed to buy SNL Financial $2.2 billion. Biogen lowered revenues forecast. Johnson Controls net rose but sales fell. Norfolk net tumbled 23%.

Australian Markets Advance Despite Asia-Wide Declne

Marcus Jacob
27 Jul, 2015
New York City

Australian market indexes in thin trading rebounded as metal prices hover near new multi-year lows and market indexes in Shanghai plunge 8%. Atlas Iron Limited plunged 70% after a 16-week trading halt.

Sensex in India Declines 1.9%, Reliance Net Rises

Mukesh Buch
27 Jul, 2015
New York City

The Sensex decline in India was driven by the 8% market plunge in Shanghai. Reliance said quarterly profit rose 4% but revenues plunged 26%. MRF revenues increased 6%. Pfizer quarter profit soared 43%. Rajesh Exports acquired Switzerland-based Valcambi, the largest gold refinery in the world.

Deutsche Boerse to Buy 360T Beteiligungs, UBS Profit Surge

Nigel Thomas
27 Jul, 2015
New York City

European markets traded lower and commodities reached multi-year low. Deutsche Boerse agreed to buy 360T Beteiligungs for

Wall Street Indexes in 4-Day Decline, Weekly Loss of 5% in Oil

Nichole Harper
24 Jul, 2015
New York City

Market indexes on Wall Street declined for the fourth day in a row and metal prices fell to multi-year lows. Crude oil price extended 20% decline from the high of $61 a barrel in June and fell 5% in the week. Manufacturing sector outlook in China remained weak.

Meiji Yasuda Buys U.S Insurer StanCorp for $5 Billion, Nikkei Down 0.7%

Hiruki Nakamura
24 Jul, 2015
New York City

Investors in Tokyo sold stocks and focused on domestic earnings after manufacturing sector growth outlook was weak in China and overseas markets declined. Meiji Yasuda agreed to acquire the U.S. based insurance group for $5 billion. Softbank prepares for a bond offering next week.

Sensex in India Extends Losses; ABB, Biocon, Wipro Net Rise

Mukesh Buch
24 Jul, 2015
New York City

Market indexes on Dalal Street extended losses for the second day. Wipro said quarterly profit rose 4% on 10% increase in revenues. ABB India and Biocon net soared. Axis Bank profit jumped 19%. GAIL net plunged 32%. United Spirits net swung to profit.

Anthem in $54.2 B Deal with Cigna, AT&T Wins Approval for DirecTV

Mukesh Buch
24 Jul, 2015
New York City

Anthem agreed to acquire rival Cigna for $54.2 billion. Amazon net swung to profit on 20% increase in revenues. AT&T net plunged 14% and won a regulatory approval for the proposed acquisition of DirecTV. Caterpillar net tumbled 29%. Visa profit climbed 25%.

BASF, Danone Net Decline; Anglo American Net Swings to Loss

Nigel Thomas
24 Jul, 2015
New York City

Anglo American net swung to a loss to $3 billion. Air France KLM revenues jumped 3%. BASF profit declined 10% and plans to split its pigments business. Danone net tumbled 32% and plans to swap its Dumex infant formula unit in China. Vodafone revenues fell.

Australian Indexes Lower on China Slow Down

Marcus Jacob
24 Jul, 2015
New York City

Australian market indexes traded lower and for the week the ASX 200 index declined 1.8%. Costa Group, the largest horticulture company in Australia, priced its initial offering. OrotonGroup sold its stake in Brooks Brothers Australia.

World Markets Struggle; U.S. Jobless Claims at 40-Year Low, Metals Down

Nichole Harper
23 Jul, 2015
New York City

Indexes on Wall Street hovered near highs after jobless claims dropped to the lowest in last four years and lowest since 1973. Crude oil prices eased and metal prices declined after a weak price outlook for the rest of the year.

Dow, Deluxe, GM Net Jump; ABB, Eli Lilly, Qualcomm Net Fall

Mukesh Buch
23 Jul, 2015
New York City

3M net rose 2% but revenues declined 5%. ABB net and revenues plunged. American Express net fell 5%. Boston Scientific net soared. Comcast net jumped 8%. Deluxe net climbed 12%. Dow Chemical net surged 28%. GM net surged more than four-fold. Qualcomm net tumbled 47%.

Iron Ore Outlook Weak, Fortescue Metals Shipment Up 10%

Hiruki Nakamura
23 Jul, 2015
New York City

Australian market indexes declined for the second day after iron ore price fell and a report suggested continued weakness. Fortescue Metals iron ore shipments increased 10% in the June quarter. Newcrest Mining said June quarter gold production rose 10%.

Nikkei to Acquire Financial Times for $1.3 B

Hiruki Nakamura
23 Jul, 2015
New York City

Nikkei Inc agreed to acquire Financial Times group from the U.K. based Pearson Plc for $1.3 billion. The deal includes the publishing properties only and does not cover the real estate and the stake in the Economist publication. CyberAgent quarterly net doubled and Chugai Pharmaceuticals half-year net rose.

Daimler, Unilever Net Soar; Credit Suisse Net Swings to Profit

Nigel Thomas
23 Jul, 2015
New York City

Credit Suisse net swung to profit to 1.05 billion francs. Daimler profit climbed 8% to

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