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G-III, Guess, NCI Building Climb; Vera Bradley Tumbles

Mukesh Buch
03 Jun, 2015
New York City

Ambarella net climbed more than two-fold. Brown-Forman profit jumped 6% to $140 million. G-III Apparel net soared more than four-fold after sales soared 18%. Guess net swung to profit but revenues declined 8%. NCI Building net loss widened. Vera Bradley net swung to a loss.]

Australian Economic Growth Ahead of Expectations

Marcus Jacob
03 Jun, 2015
New York City

Australian dollar gained after economy expanded at faster-than-expected rate in the first-quarter. Domestic consumption led the economic expansion however business investment remained weak.

ECB Reaffirmed Easing Commitment, Outlook Unchanged

Nigel Thomas
03 Jun, 2015
New York City

ECB reassured its commitment to bond purchase program and said outlook is unchanged from March and admonished markets to get used to higher volatility. Accor plans to invest

Sensex in India Extends Losses, Rupee Weakened

Mukesh Buch
03 Jun, 2015
New York City

Market indexes extended losses in Mumbai and rupee weakened after the Reserve Bank of India turned cautious and on delayed monsoon season. Apollo Hospitals acquired majority stake in Assam Hospitals. L&T received an order from Indian Navy to build a floating dock.

S&P 500 Rebounds from 0.7% Loss, Euro Advances

Nichole Harper
02 Jun, 2015
New York City

Market indexes on Wall Street gyrated and the euro advanced against the dollar and investors awaited outcome of the protracted Greek negotiations. Auto industry sales increased in May was led by Chrysler with 4% increase followed by 3% sales gain at GM.

Nikkei Halts 12-Day Rally, Yen Trade Sideways

Hiruki Nakamura
02 Jun, 2015
New York City

Nikkei in Tokyo halted a 12-day rally and yen traded sideways following mixed closings in New York and in Europe. Japan Tobacco

Elekta Net tumbles 52%; First Derivatives, Wolseley Profit Climb

Nigel Thomas
02 Jun, 2015
New York City

British American Tobacco

Chrysler, GM May Sales Soar, Ford Sales Drop

Mukesh Buch
02 Jun, 2015
New York City

Conn''''s net tumbled 45%. Cracker Barrel profit surged 23%. Dollar General net soared 14%. Delta Air Lines May traffic jumped 3%. Ford May sales slid 1% but Fiat Chrysler sales climbed 4% while GM sales rose 3%. Medtronic net swung to a loss. PVH net surged more than two-fold.

Sensex in India Plunges 2.3% on Inflation Outlook

Mukesh Buch
02 Jun, 2015
New York City

Sensex in Mumbai plunged more than 2% after Reserve Bank of India cited rising inflation risks and suggested that the latest rate cut may not be followed with additional cuts. Hero MotoCorp, Bajaj Auto and M&M sales decline. Tata Motors total sales jumped 5%.

S&P 500 and Indexes Lack Direction on Merger Monday

Nichole Harper
01 Jun, 2015
New York City

Market indexes reversed early decline on Merger Monday. Intel finalized its deal to acquire Altera for $17 billion in an all cash transaction. U.S. consumers in April used savings from cheaper gas prices to pay down debt and not increase spending.

Intel in $16.7 B Deal with Altera, GE Seeks Buyers for Lending Unit

Mukesh Buch
01 Jun, 2015
New York City

GE initiated bidding process for its US-based commercial lending unit valued at $40 billion. Intel agreed to acquire smaller chip maker Altera Corporation for $16.7 billion. Dollar Tree will sell 330 Family Dollar stores to Sycamore Partners. XPO Logistics to raise $3.3 billion in an offering.

Petrobras Asset Sale to Raise $8 B, Playtech to Buy Plus500

Nigel Thomas
01 Jun, 2015
New York City

British American Tobacco agreed to acquire TDR for

Nikkei in 12-Day Rally, Shanghai Soars

Hiruki Nakamura
01 Jun, 2015
New York City

Stocks in Japan closed higher as Nikkei advanced in the longest rally since February 1998. Market indexes in Shanghai soared 4.7% and market indexes have soared 50% in the year so far. Fujifilm and Fanuc announced shareholder friendly moves.

Australian Indexes Reverse Gains to 0.7% Loss Ahead of Rate Decision

Marcus Jacob
01 Jun, 2015
New York City

Australian market indexes traded lower and property stocks closed down and investors digested several economic data. Home prices fell for the first time in six months in May and domestic manufacturing activities expanded in the month.

Maruti Auto Sales Jumps; Sun Pharma, L&T, Cipla Net Decline

Mukesh Buch
01 Jun, 2015
New York City

Rate sensitive stocks gained ahead of interest rate decision from the Reserve Bank of India on Tuesday. Maruti said auto sales climbed 14% and Hyundai Motor sales rose 2%. L&T quarterly profit declined 27%. Jet Airways net loss narrowed. Sun Pharma quarterly profit plunged 44%.

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