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U.S. Regulators Show Weakness in Charging Five Banks with Billions in Fines

Devan Biswas
20 May, 2015
New York City

Five banks in the U.S. and U.K. were charged with multiple crimes linked to foreign currencies and interest rates violations by state and federal authorities on Wednesday. However, tough talking regulators did little to prevent these banks from operating in many parts of financial industry.

Wall Street Down Ahead of Fed Minutes, Greece in Focus in Europe

Nichole Harper
20 May, 2015
New York City

Market indexes on Wall Street lacked direction ahead of Fed minutes and investors focused on latest batch of earnings. European markets struggled and Greek lawmakers resisted the next loan payment in June without revisions to agreements with international lenders.

Target Lifts Annual Outlook; Lowe

Mukesh Buch
20 May, 2015
New York City

American Eagle profit surged more than six-fold. Analog Devices net climbed 10%. Autodesk net tumbled 33%. Hormel Foods net climbed 29%. Heico net jumped 17%. Target quarterly net surged 52%. Lowe

Altice Acquires 70% Stake in Suddenlink, Marks and Spencer Net Drops

Nigel Thomas
20 May, 2015
New York City

Altice agreed to acquire 70% stake of U.S.-based Suddenlink for $9 billion. Burberry net rose 4%. Cable and Wireless net tumbled 71%. Deutsche Wohnen net swung to a loss. Marks and Spencer net fell 5%. Thomas Cook net loss narrowed.

Japan's First-Quarter GDP Expands 2.4%, Nikkei at 15-Year Peak

Hiruki Nakamura
20 May, 2015
New York City

Japan reported better than expected first-quarter economic growth of 0.6% and the U.S. dollar rose to a two-month high. On an annual basis, the GDP increased 2.4%. Nikkei average jumped to a 15-year high. Next Co, the online real estate information provider said annual sales jumped 42%.

Australian Indexes Struggle, Brambles Acquires Chilean Company

Marcus Jacob
20 May, 2015
New York City

Australian market indexes trimmed losses in moderate trading and banks led the decliners. Cardno Limited, the environmental consultant plunged 27% after $200 million write down. Brambles Ltd acquired Chile based crate pooling services provider for $80 million.

Reliance to Raise $1.7 B in Bond Offering, PVR in Talks with DLF

Mukesh Buch
20 May, 2015
New York City

Reliance Industries sought shareholder approval to raise $1.7 billion in a convertible bond offering. PVR is in talks to acquire movie theater chain from DLF for as much as $90 million. Bharat Forge net soared 71%. Tata Power net swung to profit.

ECB 2-Month Plan Supports Global Rally, U.S. Stocks Struggle at Records

Nichole Harper
19 May, 2015
New York City

Global markets jumped after the European Central Bank official suggested that the bank may accelerate its one trillion euro bond-buying program over the next two months. Weak same store sales from Wal-Mart offered another signal that consumers are saving lower fuel price windfall.

TJX Jumps; Stage Stores, Urban Outfitters, Wal-Mart Decline

Mukesh Buch
19 May, 2015
New York City

Agilent net plunged 40%. Boeing signed contract with China-based privately held Ruili Airlines worth $6 billion. Home Depot net surged 14%. Stage Stores net loss narrowed. TJX net soared 8%. Urban Outfitters net plunged 13%. Wal-Mart net declined 7%.

German Employment Rises 0.7%, Vodafone Net Tumbles

Nigel Thomas
19 May, 2015
New York City

European auto sales increased for the twentieth month in a row. German employment growth in the March quarter slowed to 0.7% increase. DCC agreed to acquire France-based Butagaz from Shell for

3-Day Rally in Nikke in Tokyo, China Stocks Raly

Hiruki Nakamura
19 May, 2015
New York City

Market indexes in Tokyo advanced for the third day in a row as corporate earnings stay ahead of expectations and higher pay out ratios of dividend. Investors bid up stocks ahead of the release of March quarter economic growth data on Wednesday.

RBA Minutes in Australia Raise Hopes for Additional Rate Cuts

Marcus Jacob
19 May, 2015
New York City

ustralian stocks traded lower in weak market sentiment and Aussie dollar edged down. Market indexes swung higher in a brief rally after the release of latest RBA minutes of meetings. Bega Cheese fell 4% on weak annual profit outlook.

Sensex Falls in Choppy Trading, Zuari Takes Stake in Mangalore Chemicals

Mukesh Buch
19 May, 2015
New York City

Market indexes in India closed down in choppy trading. Colgate-Palmolive India said net climbed 24% on 11% increase in revenues. Bharti Airtel agreed to buy Augere Wireless for about ₹150 crore. Mahindra Holidays net plunged 57%.

Deals Drives S&P 500 and Dow Jones to New Record Highs

Nichole Harper
18 May, 2015
New York City

Stocks on Wall Street overcame morning weakness and traded higher on merger deals. Confidence index measuring home builders declined in May. U.S. Treasury bonds edged lower and the S&P 500 and the Dow Jones index traded at record highs. Luxury goods makers sue China based Alibaba.

Ascena Agrees to Acquire Ann, Endo to Buy Par for $8 B

Mukesh Buch
18 May, 2015
New York City

Ascena Retail agreed to acquire apparel retailer Ann for $2 billion. Par Pharmaceutical agreed to be acquire by U.K.-based Endo International for $8 billion. Elbit Systems net declined 8% but revenues jumped 4%. Kite Pharma net loss widened. W.P. Carey net tumbled 69%.

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