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Encouraging Economic Data in the U.S., Greek Uncertaintity Clouds Europe

Nichole Harper
12 Jun, 2015
New York City

The latest economic data pointed positive picture as a private survey showed an increase in consumer confidence and a measure of wholesale inflation was within the target range set by the Fed. European leaders gather one more time to discuss Greek bailout as tempers rise and mood sours.

Twitter Chief Tweets Out; Cherokee, Korn/Ferry, MFRI Climb

Mukesh Buch
12 Jun, 2015
New York City

Twitter chief executive Dick Costolo steps down replaced by interim-CEO Jack Dorsey. Cherokee net edged up. Korn/Ferry profit soared 20% on 8% gain in revenues. MFRI net swing to a loss. Restoration Hardware net surged 37% and lowered fiscal outlook.

Japan Industrial Production Rises 1.2%, Weekly Fall of 0.3% in Nikkei

Hiruki Nakamura
12 Jun, 2015
New York City

Nikkei in Tokyo rose and investors digested latest batch of earnings. Industrial production increased for the first time in three months in April. Ateam said third-quarter sales increased 24% and estimated annual sales to increase 29%. Mitsubishi Corp launched a 60-year bond offering.

Ted Baker and Bonmarche Sales Rise; Bwin.party, Zodiac Fall

Nigel Thomas
12 Jun, 2015
New York City

SKY lifted its stake in Team Sky after the transfer of stake from 21st Century Fox. Boohoo.Com revenues surged 35%. Bonmarche net soared 78%. Bwin.party two shareholders will sell up to 50 million shares. Ted Baker revenues soared 24%.

Weekly Loss of 4.1% in Sydney, Energy Resources Plunges 48%

Marcus Jacob
12 Jun, 2015
New York City

Australian market indexes extended losses and fell 4.1% in the week. Aussie dollar edged higher and crude oil and gold advanced in local trading. Rio Tinto backed uranium miner Energy Resources plunged 48% after abandoning its expansion plans.

Takeover Activities Heat Up in India; ABG, PVR, Wipro in Focus

Mukesh Buch
12 Jun, 2015
New York City

Reliance plans to launch Reliance Jio in December this year. Wipro initiated talks with the UK-based outsourcing group Equiniti for takeover valued at

S&P 500 and European Markets Advance; IMF and Greece 'Far Apart'

Nichole Harper
11 Jun, 2015
New York City

Market indexes on Wall Street advanced and weekly jobless claims increased less than expected. The IMF recalled its debt negotiating team to Washington and contradicted Greek assertion that an agreement is in the offing.

Box, Krispy Kreme, Men's Wearhouse Climb

Mukesh Buch
11 Jun, 2015
New York City

Blackhawk Network agreed to acquire Achievers Corp for an undisclosed amount. Box net loss widened. Delta Air Lines plans to buy 40 Boeing 737 planes. Destination Maternity net plunged 68%. Krispy Kreme profit surged 11%. Men''s Wearhouse net tumbled 37%.

Airbus in

Nigel Thomas
11 Jun, 2015
New York City

Airbus secured contract worth about

Nikkei Surges 1.7%, Asian Markets Advance

Hiruki Nakamura
11 Jun, 2015
New York City

Nikkei average in Tokyo jumped following the gains in New York and Europe. Daiwa House set up a joint venture to build residential units in Malaysia. Supermarket retailer, Kobe Bussan Co Ltd reported better-than-expected earnings and sales.

Australian Jobless Rate Drops to 6%

Marcus Jacob
11 Jun, 2015
New York City

Australian market indexes traded higher for the second day in a row and the Aussie dollar held firm. Jobless rate in May declined to 6% from the revised 6.1% in April. Ramsay Health Care Limited soared after the private hospital operator reaffirmed earnings outlook.

India to Pump Capital in Struggling Banks, Sensex Falls 1.8%