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Deutsche Postbank Net Drops, Telefonica Deutschland Net Swung to Loss

Nigel Thomas
26 Mar, 2015
New York City

Deutsche Postbank net plunged 16% to

Nikkei Turns Lower 1.4%, Ichibanya Net Soars

Hiruki Nakamura
26 Mar, 2015
New York City

Nikkei index in Tokyo closed lower following an Asia-wide sell-off sparked by more than 1% decline in New York. Ichibanya Co said third-quarter earnings surged 39% on 6% increase in revenues. Mitsubishi Motors plans to invest $500 million in Indonesia.

Australian Markets Plunge 1.6% in Asia-wide Decline

Marcus Jacob
26 Mar, 2015
New York City

Australian markets plunged following weak closing in New York. Despite the jump in oil prices, resource companies and banks declined. Bank of Queensland said net profit in the first-half increased 14%.

Sensex Plunges 2.3%, India Approves LNG Import for Power Plants

Mukesh Buch
26 Mar, 2015
New York City

Indexes in Mumbai led the decline across Asia after a sell-off in New York. Amtek Auto to buy U.S.-based TRW Automotive Holdings Corp.

S&P 500 Drops 1%, Heinz Kicks Off Consolidation in Food Industry

Nichole Harper
25 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after durable goods orders declined in February largely because of weakening exports on higher dollar. Heinz kicked-off long awaited consolidation in food industry with the purchase of Kraft at 27% premium.

Kraft Foods Agrees to $48 B Deal with Heinz, Apollo Education Plunges

Mukesh Buch
25 Mar, 2015
New York City

Apollo Education net swung to a loss on 14% decline in revenues. Kraft Foods agreed to merge with H.J. Heinz backed by 3G Capital and Berkshire Hathaway. Christopher & Banks net tumbled 22%. Lindsay profit plunged 33%. Lexmark plans to acquire Kofax for $1 billion. Paychex Net Jumped.

Airbus to Sell 17.5% Stake in Dassault, Balfour Beatty Loss Widens

Nigel Thomas
25 Mar, 2015
New York City

Airbus plans to sell its stake 17.5% in Dassault Aviation as the French government looks to raise capital. Balfour Beatty net loss widened to

Nikkei Finds Support in Rising Wages in Japan

Hiruki Nakamura
25 Mar, 2015
New York City

Nikkei index trimmed losses of the day after investors remained focused on dividend expiry on Thursday. Nikkei is likely to surpass 20,000 mark as long term investors remain in accumulation phase as wage gains spread across the economy.

Hosuing Markets Risks Rise in Australia

Marcus Jacob
25 Mar, 2015
New York City

Australian market indexes bounced around looking for a direction after Reserve Bank highlighted rising risks in the housing market. Aussie dollar gained and stocks closed higher in active trading.

Sun Completes Ranbaxy Merger, Tata Motors in $1.2 billion Issue

Mukesh Buch
25 Mar, 2015
New York City

Stocks in Mumbai declined for the sixth day in a row. NTPC won the latest coal mining awards as the central government speeds up allocation. Tata Motors announced a rights plan to raise $1.2 billion. Sun Pharma completed the purchase of the troubled Ranbaxy Laboratories.

U.S. Stocks Struggle, Inflation Picks Up on Higher Oil Price

Nichole Harper
24 Mar, 2015
New York City

Stocks on Wall Street lacked direction as investors assessed the latest read on consumer prices, corporate earnings and diverging growth data from the euro zone and China. The dollar remained firm against the euro and the yen as manufacturing index dropped to an 11-month low in China.

HD Supply, McCormick Climb; IHS, Ocwen Fall

Mukesh Buch
24 Mar, 2015
New York City

G-III Apparel net surged 139%. HD Supply net loss widened but revenues climbed 7%. IHS lowered its revised forecast. McCormick profit tumbled 15%. Ocwen Financial agreed to sell mortgage servicing rights portfolio to Nationstar Mortgage.

European Markets Advance, Hennes & Mauritz Net Surges

Nigel Thomas
24 Mar, 2015
New York City

Hennes & Mauritz profit surged 36% to 3.6 billion kronor. U.K. based Kingfisher offered

Aussie Extends Rebound to Second Week, Kathmandu Plunges 12%

Marcus Jacob
24 Mar, 2015
New York City

In volatile and active trading, Australian market indexes closed higher and the Aussie dollar extended gains for the second week in a row. Kathmandu Holdings plunged 12% after announcing weak sales during holiday period.

Nikkei Rally on Hold After 5% Surge in March, GS Yuasa Lowers Outlook

Hiruki Nakamura
24 Mar, 2015
New York City

Stocks in Tokyo eased after investors booked profit following 5% rally in Nikkei this month. For the year so far, the benchmark index has jumped 13%. Japan revises corporate governance code and listed companies are now required to have at least two independent directors.

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