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JPMorgan Net Declines, Mohawk to Acquire IVC Group for $1.2 B

Mukesh Buch
14 Jan, 2015
New York City

CSX net soared 15%. JPMorgan net declined 12%. Mohawk Ind agreed to acquire Belgium-based IVC Group for about $1.2 billion. Progress Software net dropped 4%. Wells Fargo net edged up 2%. Worthington agreed to acquire the business of Rome Strip Steel.

Nikkei in 2-day Losses and Yen at 4-week High on Weakening Commodities Prices

Hiruki Nakamura
14 Jan, 2015
New York City

Nikkei index extended two-day losses over 2.5% and the yen gained to a four-week. Crude oil, iron ore and copper prices continued the decline in international markets. Aderans Co said nine-month sales soared 15.9%.

Weak Iron Ore and Oil Prices Drag Australian Indexes Lower

Marcus Jacob
14 Jan, 2015
New York City

Australian market indexes closed down after iron ore price declined below $69 a ton and crude oil price fell to a six-year low in international markets. Chandler Macleod Group received a takeover proposal from Japan-based Recruit Holdings at 82% premium.

Burberry Revenues Soar 14%, Jeronimo Martins Net Sales Jumps 7%

Nigel Thomas
14 Jan, 2015
New York City

Burberry revenues in the third-quarter soared 14% to

Bajaj Fin, Kajaria, Net Surge; Tata Acquires NTT DoCoMo Stake

Mukesh Buch
14 Jan, 2015
New York City

Bajaj Finance profit climbed 33%. Kajaria Ceramics net surged 55%. LIC Housing Finance net rose 5%. Reserve bank allowed Tata Sons to acquire Japan-based NTT DoCoMo Inc''s stake worth $1.1 billion in Tata Teleservices.

Ruble Drops to a New Low and Traders Brace for More Losses

Lyubov Smirnova
13 Jan, 2015
New York City

Ruble in Moscow trading dropped to a new low and fell to 65.73 against the dollar and 77.50 against the euro. The fall in Russia

On Wall Street Stocks Rebound, Oil at New Six-year Low

Nichole Harper
13 Jan, 2015
New York City

Stocks on Wall Street rebounded and dollar strengthened on the continuing slide in oil prices and earnings announcements pick up. Russian ruble dropped to a new low after crude oil futures declined to a near six-year low.

Alcoa Net Swings to Profit, KB Home Profit Surges on Tax Reversal

Mukesh Buch
13 Jan, 2015
New York City

Alcoa net swung to profit $159 million on 14% increase in revenues. IHS net soared 47%. KB Home profit surged on income tax benefit of $824.2 million. Limoneira net swung to a loss. Synnex net climbed 38% on 25% increase in revenues.

5th Monthly Current Account Surplus in Japan, Nikkei Eases

Hiruki Nakamura
13 Jan, 2015
New York City

Nikkei index in Tokyo closed lower and the yen traded around 119 against one dollar. Japan reported better-than-expected current account balance, fifth monthly surplus in a row. Aeon plunged 6% after the supermarket operator reported 72% plunge in operating profit.

Metro Net Sales Falls, Sika Sales Climb 13%

Nigel Thomas
13 Jan, 2015
New York City

Areva and consortium lost nuclear decommissioning contract worth about

Australian Indexes Ease, Rio Tinto to Invest $2.5 B in India

Marcus Jacob
13 Jan, 2015
New York City

Australian market indexes fell following weak crude oil prices. China reported better-than-expected December month trade surplus of $49.5 billion. Rio Tinto announced $2.5 billion investment in India and also plans to begin uranium shipments to India in two years.

Vibrant Gujarat Draws World Investors, Rupee Advances

Mukesh Buch
13 Jan, 2015
New York City

Seventh biennial Vibrant Gujarat drew investors from around the world but investment commitments are rarely followed through. IndusInd Bank net climbed 29%. RCom secured contract worth 750 crore rupees from the India-based and UK-focused Vertex.

Cautious Investors Weigh Crude Slump on Economic Growth

Nichole Harper
12 Jan, 2015
New York City

Market averages in New York extended losses after the S&P 500 index closed down for the second week in a row. The sustained oil price decline as left investors debating the broader implications on the world economic growth outlook and the benefit to the U.S. consumers.

AmerisourceBergen to Acquires MWI Veterinary, SanDisk Plunges 12%

Mukesh Buch
12 Jan, 2015
New York City

AmerisourceBergen agreed to acquire MWI Veterinary Supply for about $2.5 billion. Kellogg plans to acquire 86% stake in Egypt-based biscuit maker. SanDisk tumbled on weak forecast. Tekmira Pharma agreed to acquire OnCore Biopharma to form new company.

Australian Index Track Lower Oil Prices

Marcus Jacob
12 Jan, 2015
New York City

Australian indexes closed lower and the Aussie dollar edged up in thin trading as oil prices eased. Fairfax Media acquired the remaining 50% stake in Metro Media Publishing for $72 million.

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