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Stocks on Wall Street in 5-day Slump on Europe Growth Worries

Nichole Harper
06 Jan, 2015
New York City

U.S. market indexes declined more than 1% and S&P 500 index fell for the fifth day in a row. Crude oil declined 4% and gold added 1.2%. European markets remained volatile as political leaders in the region debate the fallout of Greek exit from the euro.

Verizon Makes Overtures to AOL, Coach to Acquire Stuart Weitzman

Mukesh Buch
06 Jan, 2015
New York City

Verizon Communications approached AOL for takeover or a partnership deal. Coach agreed to acquire Stuart Weitzman for $574 million. Hhgregg plunged after weak forecast. Lindsay net tumbled 26% on 8% decrease in revenues.

Volatile European Markets, Abengoa in $9.5 B Deal with EIG Global

Nigel Thomas
06 Jan, 2015
New York City

Abengoa and EIG Global Energy Partners sign an agreement to invest $9.5 billion in renewable energy projects. Churchill China climbed 7% after positive outlook. TomTom agreed to deliver maps to Volkswagen.

Nikkei Plunges 3% on Greece Worries and Deepening Bear Market in Oil

Hiruki Nakamura
06 Jan, 2015
New York City

Japanese stocks plunged after Greece related worries dragged markets in Europe and deepening bear market in oil also added to market anxieties in New York trading. Auto makers reported better-than-expected U.S. sales in December.

Australian Indexes Drop 1.6%, Auto Sales Fal 2%

Marcus Jacob
06 Jan, 2015
New York City

Australian market indexes declined 1.6% following the market decline in Europe and New York. Australian automotive sales declined 2% in 2014 and but luxury car sales rose.

In Asia-wide Decline Sensex in India Plunges 3.1%

Mukesh Buch
06 Jan, 2015
New York City

Apollo Hospitals acquire Nova Speciality Hospitals for about Rs 145 crore. SML Isuzu December sales surged 62.6%. Videocon d2h plans to sell 33.5% stake to U.S.-based Silver Eagle. Zen Tech plans to set up its unit in United Arab Emirates.

S&P 500 Index Plunges 1.8% and Extends 4-day Losses, Oil Flirts with $50

Nichole Harper
05 Jan, 2015
New York City

U.S. and European markets dropped sharply as German prices stagnated in December. Political rhetoric in Greece heated as the nation approached snap election. S&P 500 index extended losses for the fourth day in a row. Crude oil price declined 4.5%.

GM, Chrysler, Nissan Lead U.S. Auto Sales Growth in December

Mukesh Buch
05 Jan, 2015
New York City

GM sales in December surged 19.3%, the best increase in seven years. Honda December sales increased 1.5%. Ford total sales in December rose 1% but sales in the year were flat and Lincoln division sales soared 21%. Fiat Chrysler December total sales climbed 20% and jeep sales jumped 19%.

BMW to Pay $820 M to China Distributors, Ryanair December Traffic Climbs

Nigel Thomas
05 Jan, 2015
New York City

BMW agreed to pay $820 million to its China-based distributors to cover losses. Ireland-based C&C Group is expected to walk away from making a revised higher bid for Spirit Pub Co. Ryanair traffic in December soared 20% to more than 6 million customers.

Japan Stocks and Yen Close Lower, Skymark Air Soars

Hiruki Nakamura
05 Jan, 2015
New York City

Japanese market indexes traded lower on the first trading day of the year and financial stocks were under pressure. Skymark Airlines soared 17% after the company called for an extraordinary investor meeting. NTT DoCoMo filed arbitration claim against India-based Tata Teleservices.

Aussie Dollar at a New 5-year Low; LNG, KBR to Build Louisiana Terminal

Marcus Jacob
05 Jan, 2015
New York City

Australian stocks advanced for the second day in a row and Aussie dollar edged lower to a new five-year low. Crude oil eased to a new 4-year low. Liquefied Natural Gas Limited entered into a joint venture with KBR Inc to complete its $2 billion terminal in Louisiana.

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