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Weak Iron Ore and Oil Prices Weigh on Australian Indexes

Marcus Jacob
28 Oct, 2014
New York City

Australian stocks traded lower and resource and construction services companies were in focus. Gold and oil eased in local and regional trading. Bega Cheese Ltd said first-half revenues jumped 6.5%. Silver Lake Resources retained its annual gold production target.

SoftBank Invests $627 M in Snapdeal, Ranbaxy Swung to Profit

Mukesh Buch
28 Oct, 2014
New York City

ABB India quarterly profit climbed 25%. Alstom India won a contract of Rs 671 crore. L&T secured a contract worth Rs 2,989 crore. Linde India net plunged 90%. Ranbaxy Laboratories net swung to profit. Lupin net surged 55% on 19% increase in revenues.

Chiquita Agrees to $1.3 B Deal, Valeant Prepared to Raise Allergan Offer

Mukesh Buch
27 Oct, 2014
New York City

Chiquita agreed to be acquired by a Brazil-based Cutrale-Safra group for $1.3 billion. Merck profit declined 20% on 4% decrease in revenues. Precision Drilling net surged 80%. Roper net rose 14%. Seagate net plunged 11%. Valeant raised offer to $200 per share to Allergan.

ECB Says 25 Smaller Banks Failed Stress Test

Nigel Thomas
27 Oct, 2014
New York City

European Central Bank released its second stress test report and said most banks in the euro zone met the requirements laid out in the stress test by the European Central Bank.

Stocks on Wall Street Struggle, Brazil Index Plunges 4.6%

Nichole Harper
27 Oct, 2014
New York City

Stocks on Wall Street eased following largest weekly gain in 22 months. Oil continued to slide as investors speculated global supply is rising faster than the demand. German business confidence dropped for the sixth month in a row.

Novartis Sells Vaccines Business, SAAB in $5.4 B Deal

Nigel Thomas
27 Oct, 2014
New York City

Novartis agreed to divest its influenza vaccines business to Australia-based CSL for $275 million. Petra Diamonds quarterly revenue climbed 55%. Saab signed $5.4 billion contract with Brazilian government for 36 Gripen fighters. TNT Express net swung to a loss of

Japan Service Index Rises; Fanuc, Chugai and Fujifilm in Focus

Hiruki Nakamura
27 Oct, 2014
New York City

Nikkei 225 index in Tokyo traded higher and the yen eased against the dollar. Market indexes extended weekly gains after most banks in the euro zone passed the ECB stress test. Bank of Japan said service price index rose 3.5% in September from the previous month when prices were flat.

Australian Indexes Extend 2-week Advance, CSL and Novartis in Vaccine Deal

Marcus Jacob
27 Oct, 2014
New York City

Australian market indexes extended 2-week advance and banks were in focus ahead of quarterly results. Crude oil eased and the Aussie dollar gained against the U.S. dollar. CSL Limited agreed to acquire flu vaccine business of Novartis for $297.4 million.

HUL, Kajaria Ceramics, Nerolac Paints Net Surge; Shanthi Gears Net Drops

Mukesh Buch
27 Oct, 2014
New York City

Amrutanjan Health Care quarterly profit surged 38%. Hindustan Unilever net jumped 8% on 11% increase in revenues. Indiabulls Securities profit climbed 27%. Kajaria Ceramics net soared 48%. Nerolac Paints net and revenue surged. Shanthi Gears profit plunged 60%.

European Markets Await Stress Tests Results

Bikram Pandey
24 Oct, 2014
New York City

European markets traded lower ahead of bank stress report scheduled to be released this Sunday. European Central Bank is scheduled to take over as the euro zone

Amazon Plunges 7% on Earnings Worries, Microsoft Soars 4%

Nigel Thomas
24 Oct, 2014
New York City

Amazon.com Inc plunged as much as 10% after the online retailer reported larger-than-expected loss. The company also guided lower than expected revenue growth in the busy holiday period fourth quarter. Microsoft topped revenues expectations.

Earnings Provide Support to Wall Street Indexes, New Home Sales Rise 0.2%

Nichole Harper
24 Oct, 2014
New York City

Wall Street indexes meandered after new home sales rose 0.2% in September. Earnings dominated market sentiment and Microsoft surged after reporting better than expected revenues. Amazon Inc plunged after reporting wider than expected loss. European Markets stepped back ahead of stress test results.

Qantas Reaffirms Profit Outlook, AMP and ResMed Send Positive Signals

Marcus Jacob
24 Oct, 2014
New York City

Australian market indexes traded higher and closed up for the second week in a row. Annual general meetings season picks up in Sydney and AMP, ResMed and Qantas send positive outlook signals. For the week, ASX 200 index advanced 2.7%.

U.S. Movers: AT&T, Air Methods, Caterpillar, Core Labs, Skechers, Yelp

Nigel Thomas
23 Oct, 2014
New York City

AT&T Inc declined after the wireless carrier reported less than expected adjusted quarterly earnings. Air Methods Corp, medical air transportation services provider lowered earnings outlook. Cabelas Inc plunged 14% after comparable store sales in the quarter dropped 11%. Yelp plunged 9%.

European Markets Advance, Spanish Jobless Rate Falls but at Elevated Level

Nigel Thomas
23 Oct, 2014
New York City

European markets advanced after private surveys showed manufacturing sector expanded in the euro zone and the largest economy in the region, Germany, showed expansion in October.

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