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Markets in New York and Europe Stay Relaxed as Greek Talks Turn Hostile

Nichole Harper
17 Feb, 2015
New York City

Stocks in New York advanced and several indexes flirted with new highs with large and small cap indexes trading at new highs. Tollbooth Index and S&P 500 index traded at record highs. Germany led the improving economic expansion data in the euro zone.

Medtronic, Waste Management Jump; Agios Pharma Declines

Mukesh Buch
17 Feb, 2015
New York City

Agios Pharma net loss widened despite a surge in revenues. Genuine Parts sales and profit soared. Goodyear Tire net climbed after one-time tax benefit of $2.2 billion. Medtronic net surged 28%. Waste Management net swung to profit.

Fairfax to Acquire Brit for

Nigel Thomas
17 Feb, 2015
New York City

Brit agreed to acquire by Fairfax Financial for

Home Price Rise Worries Reserve Bank of Australia, Fortescue Sales Plunge

Marcus Jacob
17 Feb, 2015
New York City

Reserve Bank of Australia indicated in its latest minute of meetings that the rate cut was warranted on the weaker than expected economic growth. ANZ reported flat quarterly profit. Coca-Cola Amatil annual revenues declined. Fortescue first-half revenues plunged 17%.

Japan Stocks Unchanged, Kintetsu in Merger Talks with APL in Singapore

Hiruki Nakamura
17 Feb, 2015
New York City

Stocks in Tokyo edged lower in international worries. China reported ninth monthly decline in home prices and European finance ministers issued an ultimatum to Greece to stick to bailout terms for any new loan request. The yen gained against the dollar.

Greek Bonds Drop, Hryvnia Extends Currency Plunge; Puma Net Surges

Nigel Thomas
16 Feb, 2015
New York City

Balfour Beatty divest 80% interest in Thanet offshore transmission project for

Australian Markets Track Higher on Oil Prices, Vehicles Sales Fall 1.5%

Marcus Jacob
16 Feb, 2015
New York City

Australian markets edged up following a rebound in metals and oil prices extended gains for the third week in a row. Total motor vehicles sales in January declined 1.5% to 93,104. QBE Insurance divested three agency businesses. Aurizon, the freight rail operator reported flat first-half sales.

Japan Struggles to Escape Recession, Kuraray and ASIC Drop

Hiruki Nakamura
16 Feb, 2015
New York City

Nikkei index in Tokyo closed at a new eight year high after the yen weakened and the economy in the fourth quarter grew but at a slower than expected pace. Fanuc, the robotic equipment maker, plans to invest $1.1 billion by the end of 2016. Yokohama Rubber annual net rose 16%.

Sensex in India at 2-Week High, Trade Deficit and Exports Fall in January

Mukesh Buch
16 Feb, 2015
New York City

Stocks in Mumbai extended gains for the fifth day in a row after trade deficit edged lower. Exports and imports declined 11% and trade gap fell to $8.32 billion. HDFC net surged 13% on 19% increase in revenues. HDFC Bank net climbed 20%. ONGC net plunged 50%. Sun Pharma net fell 7%.

U.S. Indexes at Record Levels, Euro Zone Growth Picks Up

Nichole Harper
13 Feb, 2015
New York City

Stocks in New York advanced and several indexes flirted with new highs with large and small cap indexes trading at new highs. Tollbooth Index and the S&P 500 index traded at record highs. Germany led the improving economic expansion data in the euro zone.

ArcelorMittal, AIG, VF Corp Climb; DTE Energy, Kraft Foods Fall

Mukesh Buch
13 Feb, 2015
New York City

ArcelorMittal net loss narrowed and sales declined 6%. AIG net tumbled 67%. DTE Energy lifted earnings outlook. Groupon net swung to profit. Smucker revenues and profit declined. Kraft Foods net swung to a loss. Ventas net rose. VF Corp net plunged 67%.

Anglo American Net Loss Widens; Rolls-Royce Net Tumbles, L'Oreal Profit Surges

Nigel Thomas
13 Feb, 2015
New York City

Anglo American reported net loss widened to $2.5 billion. Centrica

Greek Talks Turn Friendlier for Now

Nigel Thomas
13 Feb, 2015
New York City

German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras struck a friendlier tone in looking for a solution to the debt problem of Greece. Prime Minister Tsipras is still looking for debt write down and tie future loan payments with the primary budget surplus.

Tokyo Movers: Citizen Plunges 10%, Suntory Sales Rise 12%

Hiruki Nakamura
13 Feb, 2015
New York City

Market averages in Tokyo eased from the recent 7-year high and investors focused on the latest batch of earnings. Citizen Holdings nine-month revenues jumped 5.6% and net soared 33%. Suntory Beverage & Food annual sales rose 12% and earnings advanced 16%. Mabuchi Motor net was ahead of expectations.

Australian Stocks Rebound; Sims Metals, Newcrest in Focus

Marcus Jacob
13 Feb, 2015
New York City

Australian market indexes soared in active trading after commodities rebounded and domestic earnings supported market momentum. Newcrest Mining reported surging earnings on flat revenues and also said that the gold miner is open to selling its third largest mine. Sims Metals soared.

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