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Weak Tech Stocks Lead Nasdaq Lower, U.S. Housing Starts at 8-Year High

Nichole Harper
18 Aug, 2015
New York City

Market indexes on Wall Street traded lower and tech stocks led the decliners. Housing starts increased to a near eight-year high but permits fell. Home Depot and TJX Companies rose on earnings but Wal-Mart eased after the retailer lowered annual earnings outlook.

Nikkei Struggles in Tokyo; Nagase Net Falls, Don Quijote Sales Rise 12%

Hiruki Nakamura
18 Aug, 2015
New York City

Nikkei in Tokyo traded lower after weak sentiment and poor market conditions in Shanghai trading. Fast Retailing and SoftBank Group led the decliners among large companies in Tokyo. GDP in the previous quarter dropped 1.6%, meeting expectations.

ANZ Kicked Off Bad Loans Worries in Australia

Marcus Jacob
18 Aug, 2015
New York City

Australian market indexes in Sydney declined on the worries that banks may need to increase bad loan reserves in the mining sector. ANZ lifted its estimate of loan losses. QBE Insurance said quarterly net jumped 25%. Sydney Airport half-year results improved on higher passenger count.

Home Depot, TJX Net Jumps, Wal-Mart Profit Declines 15%

Mukesh Buch
18 Aug, 2015
New York City

BB&T agreed to acquire National Penn Bancshares for $1.8 billion. CVS completed the acquisition of Omnicare for $12.7 billion. Dicks Sporting net surged 31%. Home Depot profit rose 5% to $2.2 billion and lifted fiscal outlook. TJX net soared 7%. Wal-Mart net declined 15%.

Europe: Persimmon Revenues Jump 11%, Wirecard Net Jumps 26%

Nigel Thomas
18 Aug, 2015
New York City

Akers Biosciences net loss widened after revenues declined 28%. Chime Communications net swung to a loss on 7% drop in revenues. Mears net jumped 13%. Persimmon profit surged 45% to

In Mumbai Trading Adani Ports, Pipavav and Rajesh in Focus

Sarla Buch
18 Aug, 2015
New York City

Cipla said quarterly profit more doubled on 43% increase in revenues. Rajesh Exports received an export order worth $200 million from UAE. Adani Ports signed an agreement with Kerala government for the development of Vizhinjam deep sea port.

Liberty Interactive to Buy Zulily for $2.4 B

Mukesh Buch
17 Aug, 2015
New York City

Cargill agreed to acquire Norway-based Ewos for about $1.5 billion. Liberty Interactive agreed to acquire Zulily for $ $2.4 billion. Accenture agreed to buy consulting unit of Schlumberger for an undisclosed amount. Agilent net plunged 30%. Estee Lauder net tumbled 41%. Urban Outfitters net slid.

Airbus in $26 B Deal with India Based Airline, Cargill to Acquire EWOS

Nigel Thomas
17 Aug, 2015
New York City

IndiGo agreed to buy 250 single-aisle A320neo jets from Airbus worth about $26 billion. EWOS agreed to be acquired by the U.S.-based Cargill for

Japan's GDP in Second Quarter Shrinks 1.6%

Hiruki Nakamura
17 Aug, 2015
New York City

Japan

Australian Stocks Rebound; Aurizon, Newcrest and Santos in Focus

Marcus Jacob
17 Aug, 2015
New York City

Australian market indexes rose in weak trading as investors looked for bargains and commodities were on the defensive. Aurizon Holdings reported nearly flat revenues. Newcrest Mining swung to annual profit after revenues rose 8%.

IndiGo to Buy 250 Airbus, Sensex in India Drops

Sarla Buch
17 Aug, 2015
New York City

Tata Motors July global wholesale slipped 8%. IndiGo agreed to buy 250 Airbus A320neo single-aisle jets at a list price of $26.5 billion from Airbus Group.

U.S. Production Picks Up Pace, Euro Ministers Set to Approve Greek Bailout

Nichole Harper
14 Aug, 2015
New York City

Stocks on Wall Street lacked direction on Wall Street after a week of bouncing around and industrial output increased at its fastest pace in eight months on the rising auto production. Euro zone finance ministers are set to approve

J.C. Penney Same Store Sales Jump 4.1%, Nordstrom Net Rises 15%

Mukesh Buch
14 Aug, 2015
New York City

Goldman Sachs agreed to acquire GE Capital Bank

Nikkei Extends Weekly Losses, Nexon Soars 20%

Hiruki Nakamura
14 Aug, 2015
New York City

Nikkei average in Tokyo extended weekly losses and the yen traded near low of the year so far. In volatile weekly trading, yen came under pressure after China devalued yuan for three days in a row. Asatsu-DK, the advertising company reported flat first-half revenues.

Swiss Life Net Rises, Air Berlin Swings to Net Loss

Nigel Thomas
14 Aug, 2015
New York City

Air Berlin net swung to a loss on 7% decline in revenues. Basilea Pharma net loss widened to 30.1 million francs while revenues soared 23%. IMCD profit soared to

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