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Intraday Record for Sensex in India on Unexpected Rate Cut

Mukesh Buch
04 Mar, 2015
New York City

Reserve Bank of India lowered rate in a surprise move only three days after the release of central government budget. Sweden-based Volvo sold its 4.7% stake in Eicher Motors. Adani Group plans to buy port and related assets from Essar Port.

U.S. Indexes Struggle on Weak Tech and Healthcare Stocks

Nichole Harper
03 Mar, 2015
New York City

U.S. market indexes traded lower and barely managed to rebound from the mid-day lows as health care and technology stocks turned lower. Crude oil traded above $50 a barrel and gold at $1,200 an ounce. Controversial Prime Minister of Israel struggled to make his case to the U.S. lawmakers.

Fiat Chrysler, GM, Nissan Sales Jump; Ford Sales Drops

Mukesh Buch
03 Mar, 2015
New York City

AutoZone net jumped 10%. Best Buy profit surged 77%. Dicks Sporting net soared 12% on 11% increase in revenues. February auto sales at Ford fell 1.9% but Fiat Chrysler sales soared 6% and sales climbed 4.2%. Stage Stores profit surged 8.3%.

Barclays, Merck Net Drop; Glencore Net Swings to Profit

Nigel Thomas
03 Mar, 2015
New York City

Barclays net slid 35% to

Stocks in Tokyo Ease on Profit Taking, Weathernews Gains

Hiruki Nakamura
03 Mar, 2015
New York City

Stocks in Japan succumbed to sustained selling pressure but traders added exposure to electronics and automakers as the yen inched up to 120 mark against the yen. Takata stepped up air bag production to replace defective bags. Kobe plans to build an automotive body panel plant in the U.S.

RBA Holds Rate at 2.25%, Aussie Dollar Rises

Marcus Jacob
03 Mar, 2015
New York City

Reserve Bank of Australia held rate at 2.25% following a 25 basis point reduction at the last meeting and the Aussie dollar gained. Seasonally adjusted current account deficit declined 21% in the December quarter and value of building approvals in January jumped 29%.

Hero and M&M Vehicles Sales in India Drop, TVS Sales Rise

Mukesh Buch
03 Mar, 2015
New York City

Hero MotoCorp said total two-wheeler sales in February fell 4%. M&M tractor sales plunged 35% and auto sales dropped 10%. Sun Pharma plans to acquire GlaxoSmithKline''s opiates business in Australia. TVS Motor total sales jumped 15%.

Nasdaq Nears 15-Year Peak as Techs Power the Latest Surge

Nichole Harper
02 Mar, 2015
New York City

Market indexes advanced after deals dominated headlines. HP agreed to acquire Aruba Networks for $2.7 billion and Boston Scientific offered to pay $1.6 billion to buy urology business from Endo International. Tech heavy Nasdaq is set to retest the peak it reached fifteen years ago.

Endo Sells Urology Unit to Boston Scientific, HP to Buy Aruba

Mukesh Buch
02 Mar, 2015
New York City

Ambac Financial net surged but revenues declined 60%. Boston Scientific agreed to acquire AMS urology business from Endo Intl for $1.6 billion. Endo Intl net loss narrowed after revenues soared 37%. EV Energy net swung to profit. Sothebys net plummeted 18%.

RWE in Deal with

Nigel Thomas
02 Mar, 2015
New York City

British Land acquired Surrey Quays Leisure Park in Canada Water for

Japan Stocks Rise on Weaker Yen and China Rate Cut

Hiruki Nakamura
02 Mar, 2015
New York City

Stocks in Tokyo largely reacted to domestic corporate and earnings news. Mitsui OSK signed an agreement with South Korea based Samsung Heavy Industries to build four world

Australian Index at a 7-Year High Ahead of Rate Decision

Marcus Jacob
02 Mar, 2015
New York City

Australian market index traded at a 7-year high ahead of rate decision tomorrow. Over the weekend, China lowered its reference rate and India proposed to increase infrastructure spending in next fiscal year. Myer Holdings forced out chief executive and finance officers.

Budget in India Takes Incremental Approach, Auto Sales Rise

Mukesh Buch
02 Mar, 2015
New York City

Stocks in Mumbai extended gains and auto makers report rising sales. Ashok Leyland said total auto sales in February soared 36%. Maruti Suzuki India sales rose 9%.

U.S. Economic Growth Estimate Lowered, Stocks Struggle

Nichole Harper
27 Feb, 2015
New York City

U.S. stocks struggled to advance after economic growth in the final quarter was revised down to 2.2% from the previous estimate of 2.6%. For all of 2014, economic expansion accelerated to 2.4% from 2.2% in 2013. J.C. Penney plunged 6% on weaker outlook.

Icahn and J C Penney Net Swing to Loss; Ross Stores Jumps

Mukesh Buch
27 Feb, 2015
New York City

Autodesk net tumbled 79% but revenues soared 13%. Barnes & Noble plans to spin off the college bookstore division. CST Brands net surged 177% while revenues declined 11%. Icahn Enterprises and J C Penney net swung to a loss. KBR net loss widened. Ross Stores profit climbed 14%.

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