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U.S. Indexes Trade Sideways, Zimmer to Buy Biomet for $13.4 Billion

Nichole Harper
24 Apr, 2014
New York City

U.S. market indexes quickly dropped to negative zone after opening higher on the back of better than expected earnings from Apple and Facebook and Aetna. General Motors reported weaker earnings weighed down by recalls.

Nikkei in Tokyo Drops 0.9%, JFE Earnings Rise

Hiruki Nakamura
24 Apr, 2014
New York City

Nikkei Index declined 0.9% and the yen traded with a negative bias as investors awaited earnings from domestic companies. JFE Holdings, the steelmaker reported higher fiscal year sales and earnings.

Europe Earnings: Alstom, AstraZeneca, Heineken, Novartis, Technip

Nigel Thomas
24 Apr, 2014
New York City

Alstom surged on speculation that GE may make a $13 billion takeover offer. AstraZeneca net declined 11% to $1.5 billion. Heineken profit tumbled 37% to

Weekly Rise of 1.4% in Australia, Transurban to Raise $2.7 B

Marcus Jacob
24 Apr, 2014
New York City

Australian stocks extended gains for the third day in a row in a short trading week. Transurban plans to raise $2.74 billion to finance its $6.6 billion Queensland Motorways. Atlas Iron Ore shipped record iron ore in the quarter to March.

Boeing, Dow, Delta Air Rise; Biogen, Johnson Controls Fall

Mukesh Buch
23 Apr, 2014
New York City

Boeing net declined 13%. Biogen net climbed 12% and revenue soared 51%. Dow Chemical net surged 75.3%. Delta Air Lines profit soared to $213 million. General Dynamics profit jumped 4% but sales fell 1%. Johnson Controls net soared 59%. Procter & Gamble net rose 2%.

Why Congress Lags in Polls in India?

Arjun Dave
23 Apr, 2014
New York City

For more than six decades people in India cast their votes but rarely managed to get much in return when it came to governance, development and access to basic utilities. Congress Party remains focused on villages and offers little to urban voters as inflation ravages purchasing power.

Europe Earnings: ARM Holdings, AB Foods, Drax, Ericsson, Vopak

Nigel Thomas
23 Apr, 2014
New York City

ARM Holdings net climbed 20% to

U.S. Stocks Struggle, New Home Sales Plunge 14.5% in March

Nichole Harper
23 Apr, 2014
New York City

U.S. stocks struggled and tech stocks traded down ahead of earnings from Apple, Qualcomm and Facebook after the close. Boeing reported higher adjusted earnings and lifted 2014 outlook. Proctor & Gamble reported flat quarterly sales. U.S. new home sales plunged 14.5% in March.

Toyota, Nissan and Honda March Quarter Global Production Surge

Hiruki Nakamura
23 Apr, 2014
New York City

Toyota reported a surge of 6% in global vehicle production to 2.58 million in the quarter to March. Honda global production in the quarter increased 12.4% to 0.4 million and at Nissan rose 10.4% to 0.49 million units. Seibu surged 10% on the first day of trading.

Australian Inflation at 2.9%, Troy Secured $100 M Investments

Marcus Jacob
23 Apr, 2014
New York City

Australian inflation in March increased from a year ago to 2.9% but trailed expectations. Market indexes closed higher 0.7% and a slight improvement in China

India Movers: Cairn India, Mastek, Rallis India, SBBJ, VST, Yes Bank

Mukesh Buch
23 Apr, 2014
New York City

Cairn India net climbed 18% to $491 million on 16% increase in revenues. Mastek profit plunged 38% after revenue slipped 5%. Rallis India net surged 71%. State Bank of Bikaner and Jaipur net climbed 33%. VST Industries profit surged 49%. Yes Bank net soared 19%.

Tech Stocks Lead U.S. Market Advance, Valeant Bids $46 Billion for Allergan

Nichole Harper
22 Apr, 2014
New York City

U.S. market indexes advanced led by tech stocks. Existing home sales in March declined 0.2% to annual rate of 4.59 million and dropped to the lowest level since July 2012. Novartis announced deals worth $20 billion. Valeant Pharmaceuticals offered $46 billion for Allergan Inc.

Harley-Davidson, Netflix Climb; McDonald's U.S. Sales Ease

Mukesh Buch
22 Apr, 2014
New York City

Bank of New York Mellon net swung to a profit. Comcast net surged 30% after revenue jumped 14%. Harley-Davidson net climbed 19%. Illinois Tool profit soared 34%. Lockheed Martin net jumped 23%. McDonald

Novartis, Glaxo and Eli Lilly in $20 Billion Deals

Nigel Thomas
22 Apr, 2014
New York City

Philips net plunged 15% to

Broader Market Indexes in Tokyo Reverse Early Gains

Hiruki Nakamura
22 Apr, 2014
New York City

Broader market indexes declined after reversing earlier gains in the day and commodities linked stocks were in focus. Yasakawa Electric declined after the power company estimated lower than expected current year income. Monex Group, the online security provider said fiscal year revenues increased 51%.

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