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Nikkei Leads Developed Markets with 9.1% Gain in 2015

Hiruki Nakamura
30 Dec, 2015
New York City

Nikkei 225 average in Tokyo closed up 9.1% and led the developed markets in the world. Bridgestone Corp said it has no plans to revise its offer higher for Pep Boys.

Tech Rally Lifts S&P 500 to Positive in 2015

Nichole Harper
29 Dec, 2015
New York City

S&P 500 index traded in the positive zone for the year after tech stocks rallied and energy complex stocks edged higher. Crude oil jumped 2%. European markets extended yearly gains but the FTSE 100 index lagged and the markets in Asia closed mixed.

Intel Wins European Approval for Altera, Icahn Lifts Bid for Pep Boys

Mukesh Buch
29 Dec, 2015
New York City

GE agreed to acquire privately held gas turbine maker Metem Corp. European Commission approved the merger between Altera and Intel. Icahn Entp lifted Pep Boys-Manny Moe offer to $1 billion.

European Markets Advance, Resource Heavy FTSE 100 Lags

Lucy Stoeva
29 Dec, 2015
New York City

European markets advanced on Tuesday in light trading. Anglo American sold its 83.3% stake in Australia-based Dartbrook Coal Mine. Deutsche Bank sold its 20% in China-based Hua Xia Bank for

Australia Extends 8-Day Rally Gains

Marcus Jacob
29 Dec, 2015
New York City

ASX 200 index extended gains for the eight session in a row. Australian Dairy Farms Group acquired privately-owned Camperdown Dairy Farms for $11 million in cash. Australian Pacific Coal Ltd acquires 83.33% in Dartbrook mine from Anglo American.

Nikkei 225 Gains 0.6% in Volatile Trading

Hiruki Nakamura
29 Dec, 2015
New York City

Stocks in Japan advanced on bargain-hunting and strength in construction and pharmaceuticals. Toshiba seeks a new credit line of 300 billion yen and plans large-scale restructuring. FamilyMart

Indian Rupee Drifts Lower Despite Record Low Oil Prices

Sarla Buch
29 Dec, 2015
New York City

Sensex index in Mumbai declined and markets across Asia retained a negative bias on the weakening economic backdrop in China and falling energy imports from Japan. Rupee traded near record low, despite the oil prices easing to 11-year low.

Online Sales Surge Drives Holiday Spending Higher, Brent Crude at 11-Year Low

Nichole Harper
28 Dec, 2015
New York City

With sellers in control, oil prices turned lower in the last week and stocks followed. Market indexes on Wall Street declined as much as 0.6%. U.S. holiday spending rose more than expected and more shoppers shifted to online shopping.

Amazon Sells Record Prime Membership; Chimerix, Iconix Tumble

Mukesh Buch
28 Dec, 2015
New York City

Amazon added 3 million Prime service members in the week of Christmas. Apple sued Samsung for additional $180 million in damages. Chimerix plunged 77% after the blood transfer infection prevention drug failed in Phase 3 trial.

European Markets Lower on China Worries

Lucy Stoeva
28 Dec, 2015
New York City

Stock markets edged lower in Europe and trading remained subdued in the holiday-shortened week. adidas expects higher sourcing costs in 2016 due to negative currency effects. Banca Monte dei Paschi sells its loan portfolio to Deutsche Bank. Transocean

Sensex Rebounds; India, Russia Deepen Military and Commercial Ties

Sarla Buch
28 Dec, 2015
New York City

India and Russian companies sign contacts to increase local content in defense equipment and systems and speed up construction of nuclear power plants. Tata Power, Essar, Reliance, Bharat Forge are some of the leading companies engaged in joint developments.

Bargain Hunters Return to Tokyo, Hon Hai Pursues Sharp

Hiruki Nakamura
28 Dec, 2015
New York City

The Nikkei 225 average closed higher as bargain-hunting offset disappointing November production and retail data. Taiwan-based Hon Hai Precision Industry is exploring to acquire Sharp Corp. Tri-Stage expects annual net income to plunge 23.1%.

Nikkei and Yen Ease in Quiet Trading

Hiruki Nakamura
25 Dec, 2015
New York City

Nikkei 225 average closed lower in muted trading and the yen edged down against the U.S. dollar. J. Front Retailing reported nine-month sales increased 2.5% and net income soared 79%.

Stocks Lack Cheer on Wall Street, Oil in 4-Day Advance

Nichole Harper
24 Dec, 2015
New York City

Stocks on Wall Street lacked cheer and market indexes rested ahead of early closure. Crude oil gained for the fourth session in a row and jobless claims in the previous week dropped to a 42-year low. European markets were little changed and energy prices were in focus.

Nexstar Pursues Media General, Salesforce Buys SteelBrick

Mukesh Buch
24 Dec, 2015
New York City

EZCorp net loss widened. Nexstar Broadcasting is in talks to acquire Media General for $2 billion. Piedmont Natural Gas net dropped 5%. Salesforce.com agreed to acquire billing services provider SteelBrick for $360 million.

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