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Stocks on Wall Street Struggle, World Markets Turn Cautious on Oil Weakness

Nichole Harper
21 Dec, 2015
New York City

Stocks on Wall Street lacked conviction and broader market indexes are still in the negative territory in the year so far. Uncertainties linked to the U.S. rates and falling energy prices are the latest worries sapping the market momentum in addition to the slowing growth in China.

Icahn Raise Offer for Pep Boys; Staples, Office Depot Merger in Limbo

Mukesh Buch
21 Dec, 2015
New York City

Carnival net swung to profit. Icahn Enterprises lifted its offer for The Pep Boy to $16.50 a share. Ingersoll-Rand intends to sell its remaining stake in Hussmann for $400 million. Staples fail to win antitrust approval for Office Depot.

Brent Crude Hits 11-Year Low, Spain Hit by Election Results

Lucy Stoeva
21 Dec, 2015
New York City

European markets advanced and Brent oil dropped to an 11-year low. Markets were under pressure after ruling party failed to garner election win as expected. TeliaSonera agreed to sell its 60.4% stake in the Nepal-based Ncell to Axiata for $1.03 billion.

Sensex in India Rises 0.8%, IDBI May Sell Stake in Insurance Venture

Sarla Buch
21 Dec, 2015
New York City

Sensex in Mumbai closed higher on a rebound in financial and infrastructure stocks. IDBI Bank plans to sell its 20% stake in life insurance joint venture with Federated Bank and Belgium-based Ageas. Jubilant Life Sciences won an approval to sell more stake to foreign investors.

Australian Stocks Rest, Telstra and NBN in Network Deal

Marcus Jacob
21 Dec, 2015
New York City

ASX 200 closed little changed after gains in mining and finance offset losses in healthcare. Telstra moved closer to signing a $1.5 billion deal with NBN. James Packer of Crown Resorts resigned. Westfield completed the sale of five shopping malls for about $1.1 billion.

Toshiba Revises Loss Estimate Sharply Higher, Nikkei Eases 0.4%

Hiruki Nakamura
21 Dec, 2015
New York City

The Nikkei 225 average extended Friday losses after oil prices continued to dip and Toshiba sharply escalated its estimate of fiscal year losses. Domestic supermarket sales in November declined 1%. Osaka Gas plans to withdraw from its thermal power project with Marubeni Corp.

S&P 500 Down 1%, Third Weekly Price Decline in Oil

Nichole Harper
18 Dec, 2015
New York City

S&P 500 index declined nearly 1% and for the week trimmed gains to 0.5% and extended 2015 loss to 1.8%. The widely followed index was down on the ongoing weakness in energy and industrial sectors.

Darden Restaurants, Red Hat Jump; CarMax Plunges 8%

Mukesh Buch
18 Dec, 2015
New York City

Bristol-Myers agreed to sell its investigational HIV medicines for $1.5 billion to GlaxoSmithKline unit. AAR net tumbled 47%. BlackBerry net swung to a loss. CarMax profit fell 4%. Darden Restaurants net swung to profit. Lennar net soared 15%. Red Hat net slid 2%.

European Markets Retreat, GSK Acquires H.I.V Drugs for $1.5B

Lucy Stoeva
18 Dec, 2015
New York City

European markets retreated on Friday after strong gains earlier in the week. GlaxoSmithKline agreed to acquire H.I.V. treatments drugs from Bristol-Myers Squibb for $1.5 billion. Intertek Group acquires FIT Italia.

Investa, Dexus Merger to Create Largest Office Trust, Sydney Arpt Traffic Up

Marcus Jacob
18 Dec, 2015
New York City

ASX 200 was little changed on Friday but closed 1.4% higher for the week. A2 Milk surged 29% after the infant dairy powder maker lifted revenues and operating profit forecast. Investa Office and Dexus Property Group merger will create the largest office trust in Australia.

Bank of Japan Holds Asset Purchase Program, Nikkei Down 1.3%

Hiruki Nakamura
18 Dec, 2015
New York City

The Nikkei 225 average declined 1.9% today and fell 1.3% in the week. The Bank of Japan kept its monetary stimulus unchanged and proposed a new ETF purchase program. Kumiai Chemical net soared 115%. Oracle Corporation Japan profit rose 3%.

Sensex in India Halts 4-Day Rally; TCS and Infosys Edge Lower

Sarla Buch
18 Dec, 2015
New York City

Sensex in Mumbai halted 4-day rally and pared weekly gains to 1.6%. Germany-based ERGO Insurance Group plans to increase its stake in insurance joint venture with HDFC to just below 49%.

European Markets Soar on Fed Move and Economic Data

Lucy Stoeva
17 Dec, 2015
New York City

European markets surged after the Fed lifted rates and signaled improving economy. U.K. retail sales were ahead of expectations and construction activities in the euro zone also rose. AstraZeneca agreed to acquire Acerta Pharma for

Wall Street Turns Lower A Day After Rate Hike, Stable World Markets

Nichole Harper
17 Dec, 2015
New York City

A day after rate hike, stocks on Wall Street traded lower and investors shifted focus to latest weekly jobless claims. Unemployment claims declined 11,000 in the previous week. FedEx and Oracle diverged on earnings. European markets jumped on widening economic activities.

FedEx, Worthington Jump; Accenture, General Mills, Oracle, Scholastic Drop

Mukesh Buch
17 Dec, 2015
New York City

Accenture net dropped 3%. FedEx revenues and profit jumped 4%. General Mills net surged 53% but revenues slumped 6%. Jabil Circuit profit soared 83% on 15% increase in revenues. Oracle net tumbled 12% and revenues declined 6%. Rite Aid net plunged 43%.

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