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Global Markets Sell-off Deepen, Gold and Oil Test New Yearly Lows

Nichole Harper
10 Oct, 2014
New York City

U.S. markets extended losses as crude oil, gold and metals widen losses in the year. S&P 500 index is set to decline for the third week in a row as worldwide losses extends to emerging markets. DAX Index and CAC 40 index in Paris are down 11%.

Microchip Plunges 12% on Weak Outlook, Symantec to Split

Mukesh Buch
10 Oct, 2014
New York City

Barracuda Networks net surged 49%. Comtech Telecomm net soared 55%. Fastenal profit climbed 12% on 14% increase in revenue. Microchip plunged after weak revenue outlook. Progressive net jumped 9%. Symantec plans to separate its security business from the storage business.

Europe Movers: Givaudan, Mothercare, Telecom Plus, XP Power

Nigel Thomas
10 Oct, 2014
New York City

Givaudan nine-month sales fell 0.2% to 3.3 billion francs. Mothercare shareholders approved higher discount for

Topix in Tokyo Extends Loss to 7.7% in 2-week Plunge

Hiruki Nakamura
10 Oct, 2014
New York City

Market indexes in Japan declined for the second week in a row and the Topix index fell 3.1% and plunged 7.7% from the recent high on September 25. For the week, the Nikkei 225 declined 2.6%. The yen gained, first weekly rise since August.

Australian Market Indexes Plunge 2% on Asia-wide Sell-off

Marcus Jacob
10 Oct, 2014
New York City

Australian markets plunged 2% in the largest single-day sell-off in fifteen months. On the domestic front, seasonally adjusted home loans in August declined 0.9%.

Sensex Declines 1.3%, Infosys Profit Jumps 7%

Mukesh Buch
10 Oct, 2014
New York City

Aban Offshore secured two orders worth Rs 1,114 crore from ONGC. Cairn India plunged after second-quarter crude production declined 11% at Rajasthan fields. Infosys net climbed 7.3% on 5% jump in revenue. JSW Steel declined despite 11% increase in revenues.

U.S. Stocks, Dollar and Oil Slump on Global Slowdown Worries

Nichole Harper
09 Oct, 2014
New York City

Market indexes dropped as much as 1.8% on Wall Street on the renewed worries of global slowdown and weaker than expected economies in the euro zone. U.S. jobless claims filings declined to 287,000 and the dollar declined and the crude oil fell to a two-year low.

Auxilium Buys Endo Intl for $1.7 B, Kindred Healthcare in $1.8 B Deal

Mukesh Buch
09 Oct, 2014
New York City

Alcoa net surged more than five-fold. Auxilium Pharma agreed to be acquired by Endo Intl for $1.7 billion. Gap plunged after chief executive officer Glenn Murphy announced retirement. Impax Lab agreed to buy two privately held drug makers for $700 million. PepsiCo net jumped 5%.

Australian Indexes Rise 1%, Jobless Rate Steady at 6.1%

Marcus Jacob
09 Oct, 2014
New York City

Australian stocks trade higher after dovish comments from the U.S. Federal Reserve Bank. National Australia Bank issued profit warning and estimated net to fall to short by 14%. Bank of Queensland Limited said cash earnings increased 20% to $301 million.

New Britain Palm Oil Surges after $1.7 B Offer; N Brown, Suedzucker Fall

Nigel Thomas
09 Oct, 2014
New York City

Hays Plc net fees in the first-quarter increased 4%. N Brown profit dropped 3% from a year ago period to

Machine Orders in Japan Jump 4.7%

Hiruki Nakamura
09 Oct, 2014
New York City

Japan

Tamil Nadu Awards $1.3 B Power Plant Contract to BHEL

Mukesh Buch
09 Oct, 2014
New York City

Ahluwalia Contracts jumped after securing new orders worth Rs 178 crore. BHEL won $1.3 billion contract to set up thermal power project in Tamil Nadu. GVK Power secured an environmental clearance to build its coal project in Australia. IndiGo net declined 60%.

Blackhawk Network, Costco Jump; Interface, Mistras Group Decline

Mukesh Buch
08 Oct, 2014
New York City

Blackhawk Network net tumbled 75% despite 31% surge in revenues. Costco profit surged 13%. Interface tumbled after weak third-quarter outlook. Monsanto net loss narrowed. RPM Intl net dropped 4%. Yum! Brands net surged 166% but revenue slipped 3%.

Japan's Current Surplus Falls in August

Hiruki Nakamura
08 Oct, 2014
New York City

Current account was in surplus for the second month in a row but fell sharply in August. However trade deficit in August was the record for the month on rising imports of liquefied natural gas. Toshiba Corp said it plans to discontinue its e-book reader business only after launching 18 months ago.

Air France Strike to Cost

Nigel Thomas
08 Oct, 2014
New York City

Anglo American plans to sell its three copper mines and a smelter in Chile worth $1 billion. Air France KLM forecasted profit for the year may decline by

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