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HP, salesforce, Steiner Leisure Soar; Deere, Foot Locker, Intuit Fall

Mukesh Buch
21 Aug, 2015
New York City

Deere net plummeted 40% on 20% fall in revenues. Foot Locker net surged 29%. GAP net tumbled 34%. Hibbett Sports profit plunged 17% and the retailer lowered fiscal outlook. In its last result before split, HP said net and revenues declined. Intuit net swung to profit. Salesforce net loss narrowed.

Sensex in India Declines 0.9%, Rupee Struggles Despite Oil Price Collapse

Mukesh Buch
21 Aug, 2015
New York City

Market indexes on Dalal Street declined and rupee struggled despite the yearlong correction in crude oil price. Central government is planning to sell 10% stake in Coal India. HCL Infosystems reported slightly narrower quarterly loss.

Nikkei Drops 2.9% in Asia-wide Sell-off

Hiruki Nakamura
21 Aug, 2015
New York City

Nikkei average in Japan and market indexes in Tokyo dropped following deepening losses in New York and Europe. Commodities also extended losses in the year after crude oil and copper flirted with new six-year lows. Nikkei dropped 2.9% today and plunged 5.3% in the week.

Glaxo in $1 B Deal with Novartis, Royal Vopak Profit Surges 17%

Nigel Thomas
21 Aug, 2015
New York City

European markets accelerated decline on the growing worries in the euro zone and deepening correction in commodities. Glaxo divest its rights to a drug for auto-immune diseases to Novartis for

Fear Grips Global Markets on Growing Uncertaities in China and Europe

Nichole Harper
20 Aug, 2015
New York City

Fear began to set in global markets with oil flirting with new multi-year lows, deepening slowdown in China and continued uncertainty about the rate hike timing in the U.S. and growing instability in the euro zone. Kazakhstan currency plunged 25% and Vietnam devalued 1%.

Nikkei Drops to a 3-Week Low on Growing China Worries

Hiruki Nakamura
20 Aug, 2015
New York City

Stocks in Tokyo declined following another week of volatile trading in Shanghai and weak commodities prices. Real estate information provider Next Co said quarterly revenues rose 58%. Nippon REIT said first-half sales and net rose more than 90%.

Toro, Tech Data Jump; Buckle, Bon-Ton, Cato, Sears Decline

Mukesh Buch
20 Aug, 2015
New York City

Buckle net fell 4%. Bon-Ton net loss widened after sales dropped. Cato net slid. L Brands profit soared 8% and lifted fiscal outlook. Madison Square Garden net surged 294%. Stage Stores profit tumbled 86% and lowered earnings estimate. Sears net swung to profit. Tech Data net soared 94%.

Ahold, Schaeffler Net Soar; Co-operative Bank to Pay Record Fine

Nigel Thomas
20 Aug, 2015
New York City

Ahold profit more than doubled. Bank of England fined record

Rupee Sinks Near Record Low in India, Pharma Stocks Rally Again

Mukesh Buch
20 Aug, 2015
New York City

Sensex in Mumbai declined on the persistent weakness in rupee and investors overlooked the new lows in crude oil price. Sun Pharmaceutical and Lupin won U.S. regulatory approvals for new drugs. PVR acquired 70% stake in Zea Maize Pvt Ltd.

China Worries Overwhelm World Markets; Oil and Copper at 6-Year Low

Nichole Harper
19 Aug, 2015
New York City

World financial markets declined after volatile Chinese stocks raised the prospect of larger than expected economic slowdown. Oil and copper traded at new six-year lows. German lawmakers approved third Greek bailout.

Nikkei at 5-Week Low, Toshiba Forms New Board

Hiruki Nakamura
19 Aug, 2015
New York City

Nikkei average in Tokyo dropped to a five-month low after another slide in Shanghai stocks and trade deficit widened. Kirin acquired 55% stake in the government controlled brewery in Myanmar. Toshiba Corp soared 8% after forming new board.

Australian Stocks Rebound, Stockland Net Soars on Housing Boom

Marcus Jacob
19 Aug, 2015
New York City

Australian stocks rebounded for the second day in a row after bargain hunters searched for values. In active trading, banks led the market index advance. Stockland said housing boom supported earnings rise. Woodside Petroleum slashed its dividend. Arrium swung to a quarterly loss.

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