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Yellen Highlights Weak Housing Recovery, Home Sales Near 9-Year High

Nichole Harper
25 Feb, 2015
New York City

U.S. stocks traded sideways and new home sales were nearly unchanged in January but supply increase. U.S. Fed Chair Janet Yellen highlighted the weaker than expected housing market recovery. Chesapeake and Hewlett Packard fell on earnings.

Chesapeake Net Swings to Profit, Target Net Swings to a Loss

Mukesh Buch
25 Feb, 2015
New York City

BroadSoft surged after revenues and net climbed. Campbell Soup net tumbled 36%. Chesapeake Energy swung to profit on 11% increase in revenues. Lowe''''s profit soared 47%. TJX net surged 11%. Target net swung to a loss of $2.64 billion.

Bouygues Net Swings to Profit; Petrofac, TSB, Weir Net Decline

Nigel Thomas
25 Feb, 2015
New York City

Maersk net surged 45% to $5 billion and the logistics company plans to divest 20% stake in Danske Bank. Bouygues swung to profit to

Nikkei Turns Lower, Mitsubishi in Talks for a Wind Farm Project in U.K.

Hiruki Nakamura
25 Feb, 2015
New York City

Nikkei index in Tokyo edged lower from its recent 15-year high and the yen weakened. Mitsubishi Heavy is likely to win a large offshore wind farm order in the U.K. Sankyo declined after the pachinko game machine maker lowered fiscal year sales outlook.

With Earnings in Focus Indexes in Australia Climb, Seven Group Soars

Marcus Jacob
25 Feb, 2015
New York City

Aussie dollar continue to gain for the third day in a row and market indexes turned higher after morning weakness. Construction activities eased 0.2% and wage costs rose 0.6% in the fourth quarter. Seven Group net plunged 74%. Westfield swung to a loss on a decline in revenues.

Sensex in India Looks Higher With Caution, Rupee Hovers Near 62

Mukesh Buch
25 Feb, 2015
New York City

Asian Paints to set up manufacturing unit in South India. ABG Shipyard is in discussions to sell stake in the company. Godrej agreed to increase its stake in Darling South Africa and Mozambique businesses to 90%. Steel Strips Wheels received an export order from Brazil.

Yellen Offered Optimism but Rates to Remain Low

Nichole Harper
24 Feb, 2015
New York City

Stocks on Wall Street traded higher after Fed Chair Janet Yellen offered an upbeat assessment of the job market and economic progress. On the earnings front, Home Depot reported better than expected earnings and Comcast struggled to lift subscriber growth.

Comcast, Home Depot, Toll Brothers Jump; Domino's, Daktronics, Macy's Drop

Mukesh Buch
24 Feb, 2015
New York City

3M agreed to acquire assets of Polypore Intl for $1 billion. American Tower net surged 69%. Comcast net edged up. Domino''s Pizza profit jumped 8%. Daktronics net tumbled 79%. Express Scripts net soared 16%. Home Depot net surged 36%. Macy''s net fell 2%. Toll Brothers net jumped 78%.

Persimmon Profit Surges; Aer Lingus, Telefonica Net Swings to Loss

Nigel Thomas
24 Feb, 2015
New York City

Markets in Europe traded higher after a group of euro zone ministers accepted list of reforms to win the third financial bailout. Aer Lingus net swung to a loss. GKN net tumbled 57%. Manz AG revenues soared 15%. Meggitt profit plummeted 24% to

Nikkei Scales Another 15-Year High; Hitachi, Asahi Kasei and Sosei in Deals

Hiruki Nakamura
24 Feb, 2015
New York City

Nikkei soared to a new 15-year high. Hitachi agreed with Italy-based conglomerate Finmeccanica to acquire its train and signal making units for $2 billion. Asahi Kasei, the chemical and fiber maker plans to acquire the U.S. based Polypore International Inc''s energy storage segment for $2.2 billion.

BHP Net Plunges 47%, QBE Insurance Net Rises 39%

Marcus Jacob
24 Feb, 2015
New York City

Australian stocks gained at close and investors focused on earnings. BHP Billiton earnings plunged 47% and announced a cut in capital spending. QBE Insurance said first-half revenues rose 25%. Flight Centre Travel net declined. Breville Group net fell.

Caution Prevails in India, Shanghvi Led Group to Buy Hindustan Oil Stake

Mukesh Buch
24 Feb, 2015
New York City

Stocks in India lacked direction ahead of financial budget from the central government. Dilip Shanghvi led investment group is interested in acquiring 47% stake in the Hindustan Oil Exploration Company. ITC won a bid for a hotel in Goa. Sumeet Ind plans to set up a wind power plant.

Three Deals Dominate on Merger Monday, Nasdaq in 8-Day Rally

Nichole Harper
23 Feb, 2015
New York City

U.S. market indexes traded sideways on Merger Monday and at least four deals on both sides of Atlantic dominated headlines. Tech stocks dominated Nasdaq index was nearly unchanged after a 8-day rally that brought the index within 2% of its all-time high.

Valeant Pharma to Pay $10 B for Salix, Bristol-Myers in $1.25 B Deal

Mukesh Buch
23 Feb, 2015
New York City

Bristol-Myers plans to acquire Flexus Biosciences for $1.3 billion. Cooper Tire net surged three-fold. DISH Network annual net soared 17% but the subscriber-count fell. Valeant Pharma agreed to acquire Salix for $10.1 billion.

BAT may Buy Remaining Stake in Souza Cruz; HSBC Net Falls

Nigel Thomas
23 Feb, 2015
New York City

British American Tobacco is looking to acquire 24.7% stake in Brazil-based Souza Cruz worth $3 billion. DIA net soared 60% to

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