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Markets in New York and Europe Rebound, Oil Jumps

Nichole Harper
20 Mar, 2015
New York City

Stocks in New York surged after investors focused on domestic earnings and set aside worries linked to the recent surge in the dollar. Investors in Europe focused on the benefits of the bond buying program as leaders in the euro zone appear to sound positive on bailout conditions for Greece.

Darden, KB Home, Mattress Firm, Nike Jump

Mukesh Buch
20 Mar, 2015
New York City

AK Steel plunged on weak outlook. Cato profit surged 139% on 11% increase in revenues. Darden net climbed 22%. KB Home plunged 26%. Mattress Firm net tumbled 24% but revenues surged 92%. Nike profit surged 16% on 7% increase in revenues.

Lafarge, Holcim Finally in a Deal; Sabadell to Buy TSB for

Nigel Thomas
20 Mar, 2015
New York City

Lafarge and Holcim agreed to a new share-swap for the $44 billion merger. Sabadell agreed to acquire TSB Banking for

Yen Trading Sets Direction for Nikkei in Tokyo, Rakuten Acquires overdrive

Hiruki Nakamura
20 Mar, 2015
New York City

Stocks in Tokyo extended weekly advance and trading in yen set the pace and direction of stock market indexes. Chiyoda and Mitsubishi to partner to build a new airport in Bohol, Philippines. Rakuten, the online retailer agreed to acquire Overdrive, the ebook platform overDrive.

Australian Indexes in Weekly Advance of 2.8%

Marcus Jacob
20 Mar, 2015
New York City

Australian market indexes extended gains and the Aussie dollar traded firm near its six-year low after stocks in the energy and resource sectors rebounded. APN News and Media soared 5% after News Corp said it plans to increase its stake to 15%. Myer Holdings edged lower again.

Sensex Declines 0.7%, Rupee Steady

Mukesh Buch
20 Mar, 2015
New York City

Gayatri Projects secured road project worth ₹137 crore in Chhattisgarh. Mahindra First Choice Wheels Ltd plans to raise $15 million from the U.S.-based Valiant Capital. Wipro secured a five-year contract from U.S.-based utility company.

Stocks Turn Lower After Market Rally Fizzles, Oil Extends Losses

Nichole Harper
19 Mar, 2015
New York City

U.S. market indexes suffered as lawmakers exchanged barbs in how to control budget deficit and rising war spending. Seasonally adjusted weekly jobless claims rose 1,000. Preliminary current account deficit in the fourth-quarter widened to $113.5 billion.

Starbucks to Split Stock, Lennar Net Surges 47%

Mukesh Buch
19 Mar, 2015
New York City

Cintas net climbed 12%. Clarcor profit soared 10% on 12% increase in revenues. Herman Miller net jumped 8% and lifted revenue outlook. Lennar net surged 47%. Starbucks plans for 2-for-1 stock split, sixth since 1992. Tech Data net tumbled 27%. Williams-Sonoma net climbed 10%.

Oracle, Steel Dynamics Jump; Adobe, FedEx, General Mills, Guess Fall

Mukesh Buch
18 Mar, 2015
New York City

Adobe net climbed 81%. FedEx net surged 53% on 4% increase in revenues. General Mills profit plunged 16%. Guess net dropped 4.1%. Oracle profit fell 3%. Steel Dynamics climbed 5% on positive earnings outlook. Zebra Technologies net swung to a loss.

Eurotunnel, Smiths Group, Inditex Net Soar; Phoenix Net Tumbles

Nigel Thomas
18 Mar, 2015
New York City

Bilfinger net swung to a loss of

Fraport, Next, Rational Profit Climb; HeidelbergCement Net Plunges

Nigel Thomas
19 Mar, 2015
New York City

Fraport Services net jumped 6% to

February Trade Deficit in Japan Widnes 55%, Yen Eases

Hiruki Nakamura
18 Mar, 2015
New York City

Seasonally adjusted trade deficit in February widened 55% from January. Exports declined 7% and imports eased 3.4%. The yen weakening to above 121 against a dollar lifted market indexes in Tokyo. Seven & I jumped on a speculation that profit for the year ending in February is ahead of expectations.

Iron Ore Extends 3-Year Decline

Marcus Jacob
18 Mar, 2015
New York City

Australian market indexes traded volatile and Aussie dollar lacked direction ahead of U.S. Fed statement. Iron ore prices extended three-year losses as four largest iron ore miners in the world continue to ramp up capacity.

India Movers: IDBI Bank, L&T, RPP Infra

Mukesh Buch
19 Mar, 2015
New York City

IDBI Bank completed the stake sale in Credit Analysis and Research to LIC. Larsen & Toubro won orders for ₹1,255 crore in March. RPP Infra secured an order worth ₹16.6 crore from Mangalore SEZ Ltd. Rajesh Exports acquires export order about ₹1,265 crore from UAE.

Nikkei Declines 0.4% on Yen Volatility

Hiruki Nakamura
19 Mar, 2015
New York City

Japan indexes gained and the yen traded near its low in the year as the U.S. Fed left forecasted low rates to continue in the near future. Mitusi & Co Ltd acquired a minority stake in Penske Truck Leasing Co from General Electric Capital Corp.

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