ticker

Sears in REIT Spinoff to Raise $2.5 B; AutoNation and CarMax Advance

Mukesh Buch
02 Apr, 2015
New York City

AutoNation March retail sales jumped 5% and quarterly sales soared 10%. CarMax profit surged 44% on 14% increase in revenues. Micron Technology net soared 28%. Rite Aid same store sales in March jumped 4.3%. Sears to raise $2.5 billion and sell stores in a REIT spinoff.

Bollore Lifts Vivendi Stake, Playtech Acquires TradeFX for

Nigel Thomas
02 Apr, 2015
New York City

Bollore increased its stake in Vivendi SA to 12.01% to fend off a hostile takeover. Marks and Spencer sales in fourth-quarter jumped 2%. Playtech agreed to acquire 91.1% stake in TradeFX for

Nikkei Surges 1.5%, Seven & I Net Falls

Hiruki Nakamura
02 Apr, 2015
New York City

Stocks in Japan rebounded and export sensitive sectors led the gainers. Seven & I Holdings said fiscal year revenues increased 7.9% but net income declined 1.5%. Sony cut in half its stake to 5% in Olympus Corp.

Iron Ore Price Falls Below $50, Australian Trade Deficit Widens

Marcus Jacob
02 Apr, 2015
New York City

Australian market indexes gained on the final day of holiday-shortened week and iron ore prices extended losses to the sixth day in a row. The ongoing correction in the iron ore prices also contributed to the widening of trade deficit in February.

Indexes in New York and Europe Inch Lower Again, Gold and Oil Spike

Nichole Harper
01 Apr, 2015
New York City

U.S. Stocks struggled for the second day in a row. Construction spending fell in February. Crude oil inched back up to $50 a barrel and gold traded above $1,200 an ounce. Two private reports suggested that manufacturing growth slowed and private sector hiring was smaller than expected.

Macerich Rejected Simon Offer; Ford, GM March Sales Drop

Mukesh Buch
01 Apr, 2015
New York City

GM said March vehicles sales decreased and Ford sales in the month fell 3.4%, but Fiat Chrysler sales increased 2%. Macerich rejected takeover proposal of $16.8 billion from Simon Property. Synnex net surged 21%. UTi Worldwide net loss widened.

Weak Yen Fails to Lift Nikkei Index in Japan

Hiruki Nakamura
01 Apr, 2015
New York City

Stocks in Tokyo closed down tracking international market weakness. Jastec Co, the software developer, said first-quarter sales jumped 6.6% and net income soared 9.6%. Japan Post forecasted fiscal year revenues to increased 3.9% and net is expected to swing to profit.

Plunge in Iron Ore Price in Australia May Trim Industry Capex

Marcus Jacob
01 Apr, 2015
New York City

Australian stocks faced selling pressure after iron ore prices dropped to a new six-year low and to the lowest in the year. Australian building approvals declined for the fourth month in a row. Lend Lease was deemed as the highest bidder for a $1.6 billion building development project in Singapore.

European Movers: Asos Profit Declines, Evraz Net Loss Widens

Nigel Thomas
01 Apr, 2015
New York City

Asos, online retailer, said profit declined 6% to

Sensex in India Climbs 1.1%, Maruti Suzuki March Sales Fall

Mukesh Buch
01 Apr, 2015
New York City

Sensex on the first day of fiscal year traded higher as foreign and domestic investors commit additional capital to stocks. Dr.Reddy''s plans to acquire Belgian-based UCB SA

Ninth Quarterly Gain in S&P 500 Index, European Markets Lead Global Rally

Nichole Harper
31 Mar, 2015
New York City

World markets extended quarterly gains on the earnings optimism in the U.S., monetary support in the euro zone, Japan and China. S&P 500 index extended gains for the ninth quarter in a row. Oil fell as the U.S. led coalition inch closer to a deal with Iran on nuclear talks.

Market Update