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Wall Street and London Struggle After Oil Drops to 7-Year Low

Nichole Harper
07 Dec, 2015
New York City

Market indexes on Wall Street struggled after oil took another dive and dropped to a low not seen in seven years. Oil prices have dropped nearly 60% in the last eighteen months and the bearish sentiment is rising. Keurig Green Mountain agreed to go private.

Germany, France Indexes Jump 1.7%; GE Terminates Electrolux Agreement

Lucy Stoeva
07 Dec, 2015
New York City

Markets across Europe rebounded after the U.S. reported better-than-expected November job gains. Low oil prices kept London gains in check. Electrolux plunged after GE terminated the sale of its appliance business. Ferrovial turned hostile and lifted its offer for Australia-based Broadspectrum.

Weakness in Oil and Yuan Weighs on Australian Dollar and Stocks

Marcus Jacob
07 Dec, 2015
New York City

ASX 200 recorded marginal gains after the decline of oil prices dragged down energy stocks. Broadspectrum surged 48% after the Spain-based infrastructure group Ferrovial launched a hostile takeover bid worth $715 million. Graphitecorp tumbled 13% on its trading debut.

Sensex in Fourth Day Decline, GMR Airports in Stake Sell Talks

Sarla Buch
07 Dec, 2015
New York City

Sensex extends losses to fourth day in a row. GMR Airports is in talks to sell 30% stake airport business to Canada-based Fairfax Financial and the U.S. based private equity firm. Tata Steel is close to divesting its U.K.-based steel plant.

Nikkei Rebounded 1%, Takata Schedules Penalty Payment

Hiruki Nakamura
07 Dec, 2015
New York City

Nikkei rebounded 1% following the stronger-than-expected U.S. payrolls increase in November. Markets across Asia gained and the yen weakened to 123 mark against the U.S. dollar. Energy complex stocks declined after OPEC decided to hold its production quota despite the rising glut in the market.

Upbeat Jobs Data Lifts S&P 500 and Indexes by 1%, Europe Struggles

Nichole Harper
04 Dec, 2015
New York City

November month payroll gains increased 211,000 and jobless rate declined to a seven-year low of 5%. Payrolls for October and September were revised higher by 35,000. European markets were on the defensive. Crude oil eased to one-year low after OPEC held its production quota despite the rising glut.

Europe Extends Losses as Oil Drops 2% to One-Year Low

Lucy Stoeva
04 Dec, 2015
New York City

European markets extended losses dragged down by energy stocks. OPEC raised production ceiling to 31.5 million barrels of oil a day. French insurer AXA and the U.K. homebuilder Berkeley increased their dividends. Volkswagen U.K. sales plunged 20%.

Ulta Salon, Genesco Rise; Big Lots, Barnes & Noble, Cooper Decline

Mukesh Buch
04 Dec, 2015
New York City

Big Lots net loss narrowed. Barnes & Noble net swung to a loss. Cooper net soared 31%. Genesco net soared 13%. Kroger profit surged 18%. OmniVision net tumbled 50% on 13% decline in revenues. Ulta Salon lifted earnings outlook after profit jumped 20%.

U.S. and Europe Rate Jitters Drives ASX 200 Down 1.5%

Marcus Jacob
04 Dec, 2015
New York City

ASX 200 index declined following the weak market conditions in New York and in Europe in overnight trading. Australian dollar eased and in active trading resource stocks and banks led the decliners. Virgin wins a regulatory approval to exend its alliance with Etihad for five more years.

Nikkei Extends Weekly Loss; Fujitsu, Toshiba and Vaio in Merger Talks

Hiruki Nakamura
04 Dec, 2015
New York City

Stocks in Tokyo extended losses and the Nikkei dropped 1.9% in the week. Fujitsu, Toshiba and Vaio are in merger talks and combine personal computer business with the domestic market share of 30%.

Sensex in India Down on Weakness Across Asia

Sarla Buch
04 Dec, 2015
New York City

Stocks in Mumbai traded lower after markets across Asia declined. Investors shifted attention to U.S. rate decision after European Central Bank drove rates deeper in the negative territory. Jaiprakash Associates is looking to raise at least $700 million through a bond offering.

Yellen Offers Optimism on U.S. Growth Outlook, ECB Struggles

Nichole Harper
03 Dec, 2015
New York City

U.S. Federal Reserve Chair Janet Yellen offered positive economic assessment and highlighted stable employment and widening economic recovery. Across the Atlantic, the European Central Bank fell short of expected additional stimulus measures. Stocks in New York and the euro zone lacked momentum.

Dollar General Jumps; Aeropostale, Express, PVH, Titan Plunge

Mukesh Buch
03 Dec, 2015
New York City

Aeropostale net loss narrowed but American Eagle net soared. Dollar General net and revenues surged 7%. Express net soared 80% on 10% jump in revenues. Medtronic net tumbled 37%.Michaels Co net soared 20%. PVH profit fell. Sears net loss narrowed and revenues plummeted 19%.

ECB Drives Rates Deeper in Negative Territory, Markets Drop

Lucy Stoeva
03 Dec, 2015
New York City

Stock markets declined as ECB extended stimulus, but investor expected more drastic action. Nokia shareholders approved the $17.6 billion acquisition of Alcatel Lucent. Royal Dutch Shell received regulatory clearance for the $70 billion acquisition of BG Group. DS Smith profit plunged 19%.

19th Monthly Trade Deficit in Australia, New Home Sales Drop 3%

Marcus Jacob
03 Dec, 2015
New York City

The benchmark ASX 200 dropped after the merchandise trade deficit in October widened for 19th month in a row. New home sales in October slumped 3% but new motor vehicle sales in November increased 6.9%.

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