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Sumitomo Life and Symetra in Deal Talk, Dentsu Revenues Rise 15%

123jump.com Staff
11 Aug, 2015
New York City

Stocks in Japan closed lower after China devalued yuan by 2% to support economic growth and manufacturing exports. Dentsu Inc said quarterly revenues increased 15% and net soared 75%. Nitto Denko, the industrial polymers maker estimated annual sales to rise 5.4%.

Australian Indexes Fall on Weak Results from Bradken, Cochlear and Transurban

Marcus Jacob
11 Aug, 2015
New York City

Australian market indexes declined after a string of weak quarterly results. Bradken and Transurban reported annual loss and Cochlear reported largest earnings decline in two years. China devalued its currency by 2% with the aim of supporting manufacturing sector.

State Bank of India Drops on Rising Bad Loans, Tata Steel Sales Fall 15%

Mukesh Buch
11 Aug, 2015
New York City

State Bank of India said quarterly profit and revenues jumped 10% and bad loans surged but said outlook is improving. Adani Enterprises revenues declined 9%. Tata Steel profit more than doubled while revenues slipped 15%. Bosch net rose 12%. Power Grid Corp net climbed 20%.

Terex and Konecranes Agree to Merge; Adecco, Prudential Net Soar

Nigel Thomas
11 Aug, 2015
New York City

Finland-based Konecranes and the U.S.-based Terex agreed to merge. Adecco net surged 32%. Leoni profit plunged 16%. Ladbrokes net swung to a loss of

Shenandoah, Rentech Nitrogen Soar; Envestnet, Symantec, Zebra Tech Plunge

Mukesh Buch
11 Aug, 2015
New York City

Envestnet agreed to acquire personal financial account aggregator Yodlee for $660 million. Shenandoah agreed to acquire NTELOS for $640 million. Ares Management net declined 32%. Symantec net tumbled 50%. Rentech net loss widened. Towers Watson net rose 8%. Zebra plunged after net swung to a loss.

Wall Street Deals Power Indexes Higher, China Wholesale Inflation Plunges 5.4%

Nichole Harper
10 Aug, 2015
New York City

Merger deals powered market indexes higher on Wall Street. European markets closed mixed and wholesale price index in China dropped the most in July in six years.

Nikkei Extends Gains on Earnings Reports; Dai-ichi Life, Toyo Tire Advance

Hiruki Nakamura
10 Aug, 2015
New York City

Nikkei average in Tokyo closed higher and investors digested earnings reports for the third week in a row. Dai-ichi Life Insurance reported quarterly net rose 68% and revenues surged 13%. Toyo Tire & Rubber surged after estimating lower-than-expected decline in annual net income.

Australian Mortgage Loans Rise 5.5%; Ansell, Carsales and JB Hi-Fi in Focus

Marcus Jacob
10 Aug, 2015
New York City

Australian market indexes advanced after a week of volatile trading and commodities prices rebounded. Ansell Ltd annual sales rose 3.5% and net soared more than four-fold. JB Hi-Fi soared 10% and declared annual dividend of 31 cents. Carsales.com agreed to acquire Mexico-based Soloautos.

Berkshire in $37 B Deal with Precision Castparts, Mallinckrodt to Buy Therakos

Mukesh Buch
10 Aug, 2015
New York City

Berkshire Hathaway agreed to acquire Precision Castparts for $37.2 billion and said profit declined 37% to $4.01 billion. CVR Partners plans to acquire 59.7% stake in Rentech Nitrogen. AES net tumbled 48%. Dean Foods net swung to profit. Sysco profit plunged 71%.

Sensex in India Falls; Adani Port net Jumps, Adani Power loss Widened

Mukesh Buch
10 Aug, 2015
New York City

Adani Ports said quarterly profit jumped 13% on 32% increase in revenues. Adani Power loss widened. Chambal Fertilisers profit surged 81% on 22% increase in revenues. Rural Electrification quarterly net rose 15%.

Europe Movers: Air France KLM, Carillion, Esure, Meggitt, QSC

Nigel Thomas
10 Aug, 2015
New York City

Air France passenger count in July increased 2.4% to 8.9 million. Carillion secured

Tollbooth and S&P 500 Extend Weekly Losses, World Markets Struggle

Nichole Harper
07 Aug, 2015
New York City

Market indexes extended losses in the week and broader indexes have lost more than 2% in the week. Latest jobs report may support the rate hike at the next meeting of policy makers. Volatile Shanghai market index jumped 2.3% and India accelerates road construction projects.

Nvidia, Viacom Jump; Groupon, Hershey, Sothebys Decline

Mukesh Buch
07 Aug, 2015
New York City

Consolidated Edison net jumped 3% but revenues dropped 4%. Groupon net swung to profit. Hershey net swung to a loss. IBM plans to acquire Merge Healthcare for $1 billion. NVIDIA net tumbled 80% but revenues jumped 4%. Sothebys net plummeted 13%. Viacom net slumped 3%.

Nikkei Extends Weekly Gain; Konica Minolta, Nikon Net Drop

Hiruki Nakamura
07 Aug, 2015
New York City

Nikkei 225 Average extended weekly gain and trading companies and camera makers were in focus after earnings results. Konica Minolta quarterly net declined 30% and Nikon net dropped 10%. Yokogawa Electric quarterly net jumped nearly four-fold.

Australian Stocks Dive; Virgin Loss Narrows, Orica Writes Down $1.6 B

Marcus Jacob
07 Aug, 2015
New York City

ASX 200 index fell sharply and bank stocks led the decliners for the second day in a row. Virgin Australia reported net loss on widening loss in its international operations. Explosive maker Orica Ltd plans to write down $1.65 billion as mining industry downturn cuts demand.

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