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World Markets Advance, U.S. Indexes Erase Losses

Nichole Harper
15 Aug, 2014
New York City

U.S. stocks erased losses in the session and markets in Europe registered best weekly gain in the year so far. S&P 500 index in the week gained 1.2% and the Nasdaq Composite advanced 2.2%. Retailer faced another day of sell off after weak results from Nordstrom, JC Penny and Dillard

Eurpean Markets Surge but Economic Recovery Delayed

Bikram Pandey
15 Aug, 2014
New York City

Markets across Europe register best weekly gain in 2014 after investors returned to add stocks on hopes of receding tensions between Russia and Europe. However, most nations struggled to expand economy in the second quarter and the much expected recovery is likely to be delayed several quarters.

Coca-Cola Acquires Monster Beverage Stake; Dillard's, Nordstrom Decline

Mukesh Buch
15 Aug, 2014
New York City

Applied Materials net soared 79%. Agilent Technologies net declined 13% but revenue climbed 7%. Dillard''s net dropped 6%. Estee Lauder profit surged 174%. J C Penney net loss narrowed. Coca-Cola acquired 17% stake in Monster Beverage. Nordstrom net slid.

BHP Billiton to Spinoff Assets; Balfour Beatty Rejects Merger Proposal

Nigel Thomas
15 Aug, 2014
New York City

Alpha Pyrenees net loss widened to

Weekly Advance of 3.6% in Nikkei in Tokyo

Hiruki Nakamura
15 Aug, 2014
New York City

Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.

Australian Indexes Extend Weekly Gain to 2.4%, ANZ Profit Jumps 8% to $5 B

Marcus Jacob
15 Aug, 2014
New York City

Australian market indexes gained 0.3% and extended weekly advance to 2.4%. ANZ Banking Group said nine-month cash profit increased 8% to $5.2 billion and the bank said it is on track to meet its annual earnings outlook. James Hardie plunged 7% after quarterly net dropped 80%.

Stocks on Wall Street and Europe Rise on Putin Comments

Nichole Harper
14 Aug, 2014
New York City

Stocks on Wall Street traded higher after conciliatory comments from Russian President Putin. On the domestic front, Wal-Mart quarterly sales met expectations but the largest retailer lowered estimates. Cisco Systems to eliminate 6,000 jobs after quarterly net fell 1%.

Cisco and Wal-Mart Disappoint on Revenue; Noodles Plunges

Mukesh Buch
14 Aug, 2014
New York City

Advance Auto Parts net soared 19%. Cisco net fell 1%. NetApp net jumped 8% but revenue fell 2%. Kohl

ThyssenKrupp Restructuring Trims Debt, RWE Net Drops 62%

Nigel Thomas
14 Aug, 2014
New York City

Novozymes net surged 20% to 1.28 billion kronor. RWE profit tumbled 62% to

ONGC Net Soars 19%; GMR Infra, Gammon India Net Loss Widen

Mukesh Buch
14 Aug, 2014
New York City

GMR Infra and Gammon India net loss widened. Hindalco net declined 31%. IL&FS net surged 77%. Jyothy Lab profit soared 80% and revenue surged 112%. Nalco profit soared 70%. ONGC net and revenue advanced. Voltas profit surged 67%. West Coast Paper net climbed 38%.

Slow Wage Increase in Australia, Record Profit at CBA

Marcus Jacob
13 Aug, 2014
New York City

Stocks in Sydney closed lower after CBA reported record annual profit but missed higher expectations set by investors. Wage price increase in June quarter was subdued, the third mild quarterly increase in a row. CBA annual net increased 12% to $8.6 billion. CSL net jumped 8%.

Japan Consumer Spending Plunges 5.2%, GDP Contraction Revised to 6.1%

Hiruki Nakamura
13 Aug, 2014
New York City

Stocks in Tokyo traded sideways after a week of volatile trading and the second quarter GDP contraction was revised to 6.8% from the previous estimate of 6.1%. Consumer spending in the quarter plunged 5.2%.

BHEL Struggles with Revenues, Tata Steel Net Plunges 70%

Mukesh Buch
13 Aug, 2014
New York City

BHEL net tumbled 58% and revenue declined 21%. EIL net plunged 38%. IOC, Sun Pharma, Siemens net swung to profit. NMDC net soared 22%. P&G net surged 73%. Tata Steel net tumbled 70.4%. Tata Power net loss narrowed.

Admiral Group Hikes Dividend, G4S Net Swings to Profit

Nigel Thomas
13 Aug, 2014
New York City

G4S net swung to profit of

Cree Plunges on Estimate, Macy's Cuts Outlook

Mukesh Buch
13 Aug, 2014
New York City

Cree net jumped 6% and lowered its fiscal outlook. Deere & Co net plunged 15%. Fossil net tumbled 22% but sales soared 10%. Hillshire Brands profit climbed 20%. Macy''''s sales and profit jumped 4%. URS surged 31% but revenue declined 7%. WellPoint rename to Anthem.

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