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ASX Drops 2.3%; Commonwealth, News Corp, Woolworths Fall

Marcus Jacob
06 May, 2015
New York City

Australian market indexes plunged more than 2% on weak corporate results and retail sales were rose less than expected in March. Commonwealth Bank dropped on flat third-quarter cash profit. News Corp posted weak quarterly sales. Australian Securities Exchange revenues for nine months rose 4%.

Sensex Plunges 2.6% on Program Trading, Reliance to Sell Tower Unit

Mukesh Buch
06 May, 2015
New York City

Sensex in Mumbai plunged 2.6% after sell orders kicked off by program trading overwhelmed market activities. France-based AXA won an approval to increase its stake to 49% in insurance venture with Bharti.

Nasdaq Drops 1.3%, U.S. Trade Deficit at 6-Year High

Nichole Harper
05 May, 2015
New York City

Stocks on Wall Street traded lower and tech-heavy Nasdaq index declined 1.3%. Oil price jumped above $60 a barrel in New York. Two independent surveys showed service sector expanded in April. Indexes in Shanghai plunged 4%, in Europe fell as much as 2% and declined in India.

Archer Daniels, DirecTV, Walt Disney Net Jump; Kellogg Net Falls

Mukesh Buch
05 May, 2015
New York City

Anadarko Petroleum net loss widened on 60% decline in revenues. Archer Daniels net climbed 85% but revenues plunged. DirecTV net surged 30%. Estee Lauder net soared 28%. Hyatt Hotels net plummeted 28%. Kellogg profit fell. Walt Disney net climbed 10%.

European Markets Advance; Adidas, UBS Net Surge; Metro Net Plunges

Nigel Thomas
05 May, 2015
New York City

adidas profit climbed 8%. Lufthansa net swung to profit to

Sensex in India Falls; Ashok Leyland Unit Sales Surge, Kotak Net Climbs

Mukesh Buch
05 May, 2015
New York City

Stocks in Mumbai traded down and investors focused on corporate earnings. Ashok Leyland sales in April soared 43%. Kotak Mahindra quarterly net climbed 29%. Mangalam Cement net plunged 65%. DLF Limited plans to raise ₹3,600 crore of $450 million through a debt and stock offering.

Australian Rate Drops to Six-Decade Low, ANZ Net Up 3%

Marcus Jacob
05 May, 2015
New York City

Market indexes in Sydney gyrated before and after the rate decision announcement from the Reserve Bank of Australia. RBA lowered its reference rate to historic low of 2% and the central bank highlighted weak economic conditions.

U.S. Indexes Extend Gains on Factory Orders and Corporate Earnings

Nichole Harper
04 May, 2015
New York City

Stocks on Wall Street advanced and crude oil traded higher on the supply glut worries. Markets in Europe jumped more than 1% after a private survey showed factory activities in Germany expanded for the fifth month in a row. Cisco Systems said chief executive John Chambers would step down.

Berkshire Hathaway, Loews Net Soar; Cognizant Climbs 10%

Mukesh Buch
04 May, 2015
New York City

Berkshire Hathaway net soared 10%. Comcast net climbed 8%. Cognizant profit jumped 10% on 20% increase in revenues. CNA Financial net surged but revenues fell 6%. Loews net climbed 85%. Sysco net dropped 2%. Tyson Foods net surged 45%.

European Markets Rise on Manufacturing Data, Audi Net Climbs

Nigel Thomas
04 May, 2015
New York City

European markets surged after a private survey showed German factory activities expanded but at a slower pace in April. Audi profit climbed 7% to

Auto and Maruti Sales Jump in India, Future and Bharti Retail Merge

Mukesh Buch
04 May, 2015
New York City

Sensex in Mumbai soared 1.8% on strong auto sales in April. Bajaj Auto April auto sales rose 1%, Maruti Suzuki sales climbed 30% and TVS Motor sales jumped 14%. Tata Motors sales advanced 7%. Adani Ports quarterly net surged 25%.

Australia Looks Ahead to Rate Decision, Westpac, Stockland, Tabcorp in Focus

Marcus Jacob
04 May, 2015
New York City

Australian market indexes struggled to trade higher ahead of interest rate decision from the Reserve Bank tomorrow. Westpac Banking reported flat profit on charges in the derivative business. Stockland Corp forecasted annual profit to increase between 7% and 7.5%.

U.S. Stocks Move Higher; Construction and Manufacturing Sectors Struggle

Nichole Harper
01 May, 2015
New York City

Stocks on Wall Street bounced from the decline of last two days as consumer confidence jumped to the second-highest level in eight years but manufacturing and construction industries struggled. GM said auto sales in April jumped and Ford sales gained 5.4%.

Deutsche Boerse Net Falls, Lloyds Net Plunges 19%

Nigel Thomas
01 May, 2015
New York City

Continental first-quarter revenues surged 14% to

Ford, GM April Sales Climb; LinkedIn, Twitter Loss Widen

Mukesh Buch
01 May, 2015
New York City

AIG quarterly net surged 56%. Chevron net tumbled 43% on 35% decline in revenues. Duke Energy net swung to profit. Ford April sales jumped 5.4% and GM sales climbed 6%. LinkedIn and Twitter net loss widened. US Cellular profit surged more than seven-fold.

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