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Market Update

S&P 500 Extends 4-Day Losses, World Markets Struggle

Nichole Harper
14 Dec, 2015
New York City

S&P 500 index declined after the crude oil price dropped as much as 4% and neared 2011 low. European markets turned lower after positive start and struggled to hold the advance of the day. Asian markets also were cautious ahead of the Fed meeting.

Newell Offered $15 B for Jarden, Norfolk Rejects Revised CP Offer

Mukesh Buch
14 Dec, 2015
New York City

Newell Rubbermaid is in talk to acquire Jarden Corp for $15 billion. Orchestra Premaman agreed to buy 13% stake in Destination Maternity. Norfolk Southern rejected a revised offer from Canadian Pacific Railway.

European Markets Down with Oil Nearing 2011 Low

Lucy Stoeva
14 Dec, 2015
New York City

European markets turned lower after crude oil resumed its slide and neared 2011 prices in London and in New York. Industrial production in the euro zone was ahead of expectations. AstraZeneca is in preliminary talks to acquire cancer drug developer Acerta Pharma for

ASX 200 in Sydney Drops 2% on Commodities Gloom

Marcus Jacob
14 Dec, 2015
New York City

ASX 200 plummeted 2% on Monday on the deepening commodities plunge. Australian dollar declined below 72 U.S. cents. Austal secured a $63 million contract with National Australia Bank.

Japan Offers Bullet Train and Nuclear Power Assistance to India

Sarla Buch
14 Dec, 2015
New York City

The wholesale price index in November decreased 1.99% compared to the decline of 3.81% in October. Japan offered military, commercial and technology assistance to advance logistics and infrastructure development to India.

Nikkei Drops 1.8%, Elevated Tankan Business Confidence Index

Hiruki Nakamura
14 Dec, 2015
New York City

The Nikkei plunged on Monday and tested six-week low following the deepening correction in oil and commodities. Industrial production in October jumped 1.4%. Japan and India signed several agreements involving bullet train and nuclear power plants.

Rout in Oil Spreads to Global Markets

Nichole Harper
11 Dec, 2015
New York City

Stocks on Wall Street extended losses as oil and commodities reach new multi-year lows. Retail sales in November suggested sufficient momentum in the economy. S&P 500 index dropped 1.7% and extended weekly fall to 3.5%. European markets dropped more than 2% and dropped as much as 4.5% for the week.

Weekly Losses of 4% in European Markets, Multi-Year Lows in Commodities

Lucy Stoeva
11 Dec, 2015
New York City

Market indexes in Germany, France and UK dropped 2% or more and extended weekly losses between 3.7% and 4.4%. Market sentiment remained gloomy after oil, copper and iron ore dropped to multi-year new lows. Copper producer Aurubis tumbled 18% on a profit warning.

Adobe, NCI Building Jump; Argan, Nordson Drop

Mukesh Buch
11 Dec, 2015
New York City

Adobe Systems profit more doubled to $223 million on 22% jumps in revenues. Argan net slumped 13% and revenues declined 11%. Nordson net tumbled 31%. NCI Building Systems net surged 29%. UTi Worldwide net loss narrowed despite revenues plunged 18%.

Weekly Loss of 2.5% in Australia, Woodside Approves $2.7 B Gas Project

Marcus Jacob
11 Dec, 2015
New York City

The Australian market extended losses and finished the week 2.5% lower as commodities reach multi-year lows. BC Iron suspended operations of Direct Shipping Ore mine. Woodside Petroleum approved natural gas development project with an estimated cost of $2.7 billion.

India Indexes at 13-Week Low, Sensex Down 8.9% YTD

Sarla Buch
11 Dec, 2015
New York City

Market indexes in India extended weekly losses and dropped to 13-week lows. Sensex is down 8.9% in the year so far and may register annual loss for the first time since 2011. MEP Infrastructure secured toll collection rights in Uttar Pradesh.

Nikkei Trims Weekly Loss to 1.4%, Abe Starts India Trip

Hiruki Nakamura
11 Dec, 2015
New York City

The Nikkei average trimmed weekly losses to 1.4%. Prime Minister Abe starts his visit to India after the approval of a $14.7 billion project for the construction of India''s first bullet train line.

U.S.Import Prices Fall, World Markets Lack Direction

Nichole Harper
10 Dec, 2015
New York City

Stocks struggled to advance on Wall Street after weekly jobless claims rose but remained below the threshold of 300,000. Import prices declined largely on the strength of the dollar and declined 9.4% from a year ago month in November.

Ciena, Methode Electronics, Men's Wearhouse Plunge

Mukesh Buch
10 Dec, 2015
New York City

Ciena plunged out revenues outlook missed expectations. Cantel Medical net soared 28%. Hooker Furniture profit surged 44%. Ingles Markets net dropped 8%. Methode Electronics net declined 19%. Men''''s Wearhouse plunged 25%.

European Markets at Two-Month Lows, U.K. Rates on Hold

Lucy Stoeva
10 Dec, 2015
New York City

European market indexes extended losses and hovered near two-month lows. Accor agreed to acquire three luxury hotel brands for $2.9 billion. Centrica jumped after reassuring operating profit outlook. Ocado fourth-quarter revenues soared 17% to