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ECB Stimulus Action Fails to Sway Markets Across Atlantic

Nichole Harper
02 Oct, 2014
New York City

The European Central Bank announced steps to purchase covered bonds and asset-backed securities in the final quarter of the year. Market indexes across Europe and U.S. declined after the latest stimulus measures from the ECB were deemed less than adequate.

ARC Sells Cole Capital for $700 M, Bassett Furniture Soars

Mukesh Buch
02 Oct, 2014
New York City

American Realty agreed to sell Cole Capital to RCS Capital for $700 million. Actuant net plunged 39% but revenue climbed 8%. Constellation Brands profit tumbled 87%. Global Payments net jumped 17% on 12% increase of revenue. McCormick profit surged 18%.

Exporters and Automakers Lead 2.6% Plunge in Nikkei

Hiruki Nakamura
02 Oct, 2014
New York City

Market indexes in Tokyo plunged after the yen gained and investors turned cautious on stretched valuation. Honda, Nissan and Mitsubishi issued domestic auto recalls. Japan Airlines plunged after the first reported case of Ebola virus in the U.S.

BG and Ophir Discover Gas in Tanzania, Ted Baker Net Soars

Nigel Thomas
02 Oct, 2014
New York City

Balfour Beatty divests 50% stake in hospitals projects for

Australian Building Approvals Rise 3%, Slide in Stocks Extend Losses

Marcus Jacob
02 Oct, 2014
New York City

Australian stocks declined and the dollar rebounded ahead of government report on new capital requirements at banks. Australian building approvals increased 3% in August on a surge in multi-family units. Expedia won a regulatory approval to acquire Wotif.com Holdings.

S&P 500 Drops 1%, Fannie and Freddie Plunge 30%

Nichole Harper
01 Oct, 2014
New York City

U.S. stocks traded sharply lower after Hong Kong braced for more protests and Italy forecasted economic contraction in the current year. Fannie Mae and Freddie Mac plunged after a court ruling. GM and Chrysler September sales rise 19% and Ford sales fall 3%.

GM, Honda, Chrysler Sales Jump; Ford Sales Falls

Mukesh Buch
01 Oct, 2014
New York City

Acuity Brands profit surged 22% and revenue climbed 15%. AZZ net plunged 16%. American Honda September sales climbed 12% and Chrysler sales soared 19%. Ford sales in September fell 3%. GM vehicles sales soared 19% to 223,437.

Japanese Shares Turn Lower, Tankan Index Rises

Hiruki Nakamura
01 Oct, 2014
New York City

Tankan index of confidence among large manufacturers increased in July, the Bank of Japan said today. Investors turned cautious after Hong Kong braced for larger protests as national holidays begin in China.

Adidas Announces

Nigel Thomas
01 Oct, 2014
New York City

adidas plans to buy back

Australian Retail Sales Rose Marginally

Marcus Jacob
01 Oct, 2014
New York City

Australian dollar drifted sideways and stock market indexes gained after retail sales rose marginally in August. Manufacturing in China expanded in September. News Corp agreed to acquire real estate listing company Move Inc for $1.1 billion.

Bajaj, Hero and Maruti September Vehicle Sales Advance in India

Mukesh Buch
01 Oct, 2014
New York City

Bajaj Auto sales in September climbed 9% and commercial vehicles sales and export surged 19%. Hero MotoCorp sales soared 30% to 558,609 units. Maruti Suzuki September sales jumped 5% and domestic sales soared 10% but export plunged 28%.

Japan's Retail Sales Rise 1.9% and Industrial Production Falls 1.5%

Hiruki Nakamura
30 Sep, 2014
New York City

Stocks in Tokyo responded to the latest economic data. Retail sales increase of 1.9%, ahead of expectations, and jobless rate decreased to 3.5%. Industrial production declined 1.5% unexpectedly. The yen declined traded above 109 level against one dollar.

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