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AXA to Acquire Insurer in Brazil; Richemont, Severn Trent Net Decline

Nigel Thomas
22 May, 2015
New York City

Axa agreed to acquire SulAm

State Bank of India Net Surge Powers Sensex Advance

Mukesh Buch
22 May, 2015
New York City

State Bank of India said quarterly net soared 23% and net non-performing assets declined. Regional banks surged in the sector rally. Voltas soared 8% on 18% increase in quarterly profit. Britannia surged 7% on a 55% surge in net. Indiabulls net income doubled.

Fed Powered Market Ascent Continues on Wall Street

Nichole Harper
21 May, 2015
New York City

Market indexes powered ahead and further in the record zone after weekly jobless claims met expectations. Fed minutes also supported the view that rates are not likely to rise at least for another two months and increase is likely to be modest.

CVS Health in $13 B Deal with Omnicare; Best Buy Climbs, NetApp Plunges

Mukesh Buch
21 May, 2015
New York City

CVS Health agreed to acquire Omnicare for $12.7 billion. Cato net jumped 4%. Best Buy net plunged 72%. Buckle profit declined 10%. Dollar Tree net plunged 50%. L Brands profit surged 60%. NetApp net plummeted 32%. Salesforce net swung to profit.

Nikkei at New 15-Year High, Takata May Take Years to Solve Air Bag Recall

Hiruki Nakamura
21 May, 2015
New York City

Nikkei average in Japan jumped to a new 15-year high for second day in a row and banks, utilities and electronics makers led the gainers. Takata was in focus after the airbag maker faced parts shortages to deal with larger recall.

Daily Mail, Royal Mail Net Climb; National Grid, Suedzucker Net Decline

Nigel Thomas
21 May, 2015
New York City

Daily Mail net surged 82%. National Grid profit tumbled 19% to

Australian Indexes Advance, James Hardie Soars

Marcus Jacob
21 May, 2015
New York City

Australian market indexes traded higher in moderate trading and the Aussie dollar held firm near 79 U.S. cents. James Hardie soared 11% after the company offered a special dividend and announced a stock buyback program.

India Earnings: Bajaj Auto, Zee, DLF Net Fall; Tata Steel Swings to Loss

Mukesh Buch
21 May, 2015
New York City

Zee said net in the quarter rose 6% on 20% increases in revenues. Bajaj Auto net declined 19%. DLF net slipped 22%. Tata Steel net swung to a loss. Balaji Telefilms net swung to profit.

U.S. Regulators Show Weakness in Charging Five Banks with Billions in Fines

Devan Biswas
20 May, 2015
New York City

Five banks in the U.S. and U.K. were charged with multiple crimes linked to foreign currencies and interest rates violations by state and federal authorities on Wednesday. However, tough talking regulators did little to prevent these banks from operating in many parts of financial industry.

Wall Street Down Ahead of Fed Minutes, Greece in Focus in Europe

Nichole Harper
20 May, 2015
New York City

Market indexes on Wall Street lacked direction ahead of Fed minutes and investors focused on latest batch of earnings. European markets struggled and Greek lawmakers resisted the next loan payment in June without revisions to agreements with international lenders.

Target Lifts Annual Outlook; Lowe

Mukesh Buch
20 May, 2015
New York City

American Eagle profit surged more than six-fold. Analog Devices net climbed 10%. Autodesk net tumbled 33%. Hormel Foods net climbed 29%. Heico net jumped 17%. Target quarterly net surged 52%. Lowe

Altice Acquires 70% Stake in Suddenlink, Marks and Spencer Net Drops

Nigel Thomas
20 May, 2015
New York City

Altice agreed to acquire 70% stake of U.S.-based Suddenlink for $9 billion. Burberry net rose 4%. Cable and Wireless net tumbled 71%. Deutsche Wohnen net swung to a loss. Marks and Spencer net fell 5%. Thomas Cook net loss narrowed.

Japan's First-Quarter GDP Expands 2.4%, Nikkei at 15-Year Peak

Hiruki Nakamura
20 May, 2015
New York City

Japan reported better than expected first-quarter economic growth of 0.6% and the U.S. dollar rose to a two-month high. On an annual basis, the GDP increased 2.4%. Nikkei average jumped to a 15-year high. Next Co, the online real estate information provider said annual sales jumped 42%.

Australian Indexes Struggle, Brambles Acquires Chilean Company

Marcus Jacob
20 May, 2015
New York City

Australian market indexes trimmed losses in moderate trading and banks led the decliners. Cardno Limited, the environmental consultant plunged 27% after $200 million write down. Brambles Ltd acquired Chile based crate pooling services provider for $80 million.

Reliance to Raise $1.7 B in Bond Offering, PVR in Talks with DLF

Mukesh Buch
20 May, 2015
New York City

Reliance Industries sought shareholder approval to raise $1.7 billion in a convertible bond offering. PVR is in talks to acquire movie theater chain from DLF for as much as $90 million. Bharat Forge net soared 71%. Tata Power net swung to profit.

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