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U.S. Economic Slowdown to Extend, Weekly Loss of 2.3% in S&P 500

Nichole Harper
27 Mar, 2015
New York City

Stocks on Wall Street struggled and S&P 500 index is set to close down 2.3% and the Nasdaq by 2.9% for the week. Economic growth in the fourth-quarter was held at 2.2% in the final estimate and for all of 2014 the U.S. economy slowed to a growth of 2.2% from 2.4% in 2013.

BlackBerry Net Swings to Profit; Finish Line, GameStop Drop

Mukesh Buch
27 Mar, 2015
New York City

BlackBerry net swung to profit but revenues declined 32%. Finish Line profit declined 5% while revenues climbed 6%. GameStop profit surged 11% but sales dropped 6%. Restoration Hardware net climbed 60% on 24% increase in revenues.

RBS to Sell Private Banking Unit to Union Bancaire, European Markets Ease

Nigel Thomas
27 Mar, 2015
New York City

Antofagasta fell after suspended operations at three Chilean mines due to heavy rains. BHF Kleinwort Benson net swung to profit of

Japan Struggles with Flat Core Consumer Prices

Hiruki Nakamura
27 Mar, 2015
New York City

Nikkei index declined and extended losses for the week to 1.4% after the latest inflation data fell short of expectations. The weak fuel prices dragged the overall inflation below the Bank of Japan target.

Spectrum Auction in India Yields $16.5 B, Weekly Loss of 2.8% in Sensex

Mukesh Buch
27 Mar, 2015
New York City

Three leading wireless carriers Bharti Airtel, Idea Cellular and Vodafone and Tata Teleservices, Reliance Infocom and Reliance Jio committed nearly ₹109,000 crore or $16.5 billion in the largest wireless spectrum auction.

Oil Rally Lifts Australian Indexes, Chevron Exits Caltex After 40 Years

Marcus Jacob
27 Mar, 2015
New York City

Australian markets braved higher on the back of a sixth day rally in oil prices and gold extended seven day advance to 5%. Chevron agreed to sell its 50% stake in Caltex after 40 years as the U.S.-based oil explorer retrenches from refining businesses.

U.S. Stocks Struggle with Weekly Losses, Oil in 5-Day Rally

Nichole Harper
26 Mar, 2015
New York City

A mild rebound in tech stocks failed to lift the broader indexes and oil rally extended to fifth session in a row. S&P 500 index is down more than 2% in the week so far and the Nasdaq is down 3%, the largest weekly loss since October.

Accenture, Lululemon, Red Hat, Signet Surge; SanDisk Tumbles

Mukesh Buch
26 Mar, 2015
New York City

Accenture Net climbed 9%. ConAgra net swung to a loss but lifted earnings forecast. Lululemon surged 7% on positive outlook. PVH net swung to profit. Red Hat net jumped 6% on 15% increase in revenues. Signet Jewelers net rose 1%. SanDisk tumbled 17%.

Deutsche Postbank Net Drops, Telefonica Deutschland Net Swung to Loss

Nigel Thomas
26 Mar, 2015
New York City

Deutsche Postbank net plunged 16% to

Nikkei Turns Lower 1.4%, Ichibanya Net Soars

Hiruki Nakamura
26 Mar, 2015
New York City

Nikkei index in Tokyo closed lower following an Asia-wide sell-off sparked by more than 1% decline in New York. Ichibanya Co said third-quarter earnings surged 39% on 6% increase in revenues. Mitsubishi Motors plans to invest $500 million in Indonesia.

Australian Markets Plunge 1.6% in Asia-wide Decline

Marcus Jacob
26 Mar, 2015
New York City

Australian markets plunged following weak closing in New York. Despite the jump in oil prices, resource companies and banks declined. Bank of Queensland said net profit in the first-half increased 14%.

Sensex Plunges 2.3%, India Approves LNG Import for Power Plants

Mukesh Buch
26 Mar, 2015
New York City

Indexes in Mumbai led the decline across Asia after a sell-off in New York. Amtek Auto to buy U.S.-based TRW Automotive Holdings Corp.

S&P 500 Drops 1%, Heinz Kicks Off Consolidation in Food Industry

Nichole Harper
25 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after durable goods orders declined in February largely because of weakening exports on higher dollar. Heinz kicked-off long awaited consolidation in food industry with the purchase of Kraft at 27% premium.

Kraft Foods Agrees to $48 B Deal with Heinz, Apollo Education Plunges

Mukesh Buch
25 Mar, 2015
New York City

Apollo Education net swung to a loss on 14% decline in revenues. Kraft Foods agreed to merge with H.J. Heinz backed by 3G Capital and Berkshire Hathaway. Christopher & Banks net tumbled 22%. Lindsay profit plunged 33%. Lexmark plans to acquire Kofax for $1 billion. Paychex Net Jumped.

Airbus to Sell 17.5% Stake in Dassault, Balfour Beatty Loss Widens

Nigel Thomas
25 Mar, 2015
New York City

Airbus plans to sell its stake 17.5% in Dassault Aviation as the French government looks to raise capital. Balfour Beatty net loss widened to

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