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S&P 500 Index Nears Record, BofA Earnings Lift Sentiment

Nichole Harper
15 Jan, 2014
New York City

Market indexes on Wall Street advanced after Bank of America reported better than expected. New York region manufacturing index showed a stronger than expected growth. World Bank lifted its global economic growth estimate.

Indexes in Japan Rebound 2%; Hitachi and NTN Surge

Hiruki Nakamura
15 Jan, 2014
New York City

Stocks in Tokyo rebounded after the yen reversed its three-day advance. Market indexes jumped at least 2% after Topix dropped the most since August. Bearings makers and Hitachi Ltd jumped on earnings expectations.

U.S. Movers: AEP, Bank of America, Fastenal, GM, Linear Tech, WNS

Mukesh Buch
15 Jan, 2014
New York City

AEP net plunged 54%. Bank of America net surged to $3.44 billion as mortgage losses ease. Fastenal net rose 0.5% and net sales climbed 8%. GM plans to open four plants in China through 2015. Linear Technology net surged 18%.

Burberry Soars on Earnings, H & M December Sales Rise

Nigel Thomas
15 Jan, 2014
New York City

Burberry said retail revenue surged 14% to

Australian Loan Approvals and Auto Sales Rise

Marcus Jacob
15 Jan, 2014
New York City

Australian stocks rebounded but trading volume was weak. Loan approvals in November increased 5.5% in Australia and care sales advanced 1.7% in December. Fortescue Metals said it plans to repay its $1.6 billion short term debt ahead of schedule before March.

India Movers: Bajaj, Coal India, McNally, RIL, Usha Martin, Yes Bank

Mukesh Buch
15 Jan, 2014
New York City

Bajaj Finance net surged 21% and revenue soared 31%. Bajaj Finserv net climbed 13%. Coal India declared special yearly dividend. McNally secured order for structural work. RIL plans to acquire stake of 11% in Petronas. Yes Bank net surged 21%.

U.S. Retail Sales Rise 0.2%, Time Warner Rejects Charter Offer

Nichole Harper
14 Jan, 2014
New York City

Stocks on Wall Street advanced after December retail sales were ahead of expectations and import price index was flat. JPMorgan earnings declined 7% on 2% fall in revenues. Wells Fargo reported 10% increase in earnings.

Nikkei Plunges 3.1%, Record Current Account Deficit in Japan

Hiruki Nakamura
14 Jan, 2014
New York City

Nikkei index in Tokyo plunged 3.1% and the yen continued its slide after a 3-day market closure. Seasonally adjusted current account balance turned negative for the third month in a row in November. Investors extended purchase of dollar bonds for the fifth month in a row.

U.S. Movers: JPMorgan, Shaw Communications, Time Warner, Wells Fargo

Mukesh Buch
14 Jan, 2014
New York City

Commerce Bancshares fell 1%. JPMorgan net dropped 7% and revenue slid 2%. GameStop said global sales climbed 9%. Shaw Communications net rose 4%. Time Warner rejected $62.35 billion from Charter Communications. Wells Fargo net climbed 10%.

Australian Markets Drop 1.5%, Merger Activities Surge in 2013

Marcus Jacob
14 Jan, 2014
New York City

Australian market indexes came under pressure after investors worried about stretched valuations and rising uncertainties linked to commodities exports. Merger activities in Australia jumped 67% in 2013.

Europe Earnings: Ashmore, ASOS, Balfour Beatty, BSkyBCelesio, SGPS

Nigel Thomas
14 Jan, 2014
New York City

Ashmore tumbled 13% after assets under management declined to $75.3 billion. ASOS plunged 7% despite sales increased 38% to

India Movers: CMC, Gujarat Apollo, Merck, NIIT, VA Tech Wabag

Mukesh Buch
14 Jan, 2014
New York City

CMC plunged as net jumped 5% but revenue was flat. Jay Bharat Maruti net surged 64%. NIIT Technologies net dropped 5% and revenue climbed 14%. VA Tech Wabag won Rs 250 crore order from Bangalore.

U.S. Movers: Alnylam, Beam, Lululemon, Twitter, Wendy's

Mukesh Buch
13 Jan, 2014
New York City

Alnylam surged 65% after Sanofi offered to take 12% stake. Beam agreed to be acquired by Japan-based Suntory for $16 billion. Lululemon shares tumbled 16% on weaker than expected fourth-quarter outlook. Wendy''s lifted same store sales outlook.

Europe: Sanofi to Buy $700 Million Stake in Alnylam

Nigel Thomas
13 Jan, 2014
New York City

Alcatel Lucent plans to sell-off its enterprise business. Amec agreed to buy Foster Wheeler AG for $3.2 billion. Continental expects sales to grow 5%. Suedzucker net declined 6% to

India Movers: Dishman, Exide, GMR Infra, GVK Power, NMDC, Tata

Mukesh Buch
13 Jan, 2014
New York City

Dishman Pharma plans to sell its China plant. Exide net declined 26% and revenue plunged 11%.GMR Infra expects revenue to grow modestly. GVK Power plans to sell stake in its airport business. NMDC said third-quarter production and sales rose. Tata Steel sales jumped 9%.

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