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Glaxo, Heineken Profit Decline; Daimler Sells 4% Stake in Tesla

Nigel Thomas
22 Oct, 2014
New York City

British American Tobacco revenue declined 10%. Daimler sold its 4% stake in Tesla Motors for $780 million. Glaxo profit tumbled 62% to

Nikkei Advances 2.6%, Exports Jumps 6.9%

Hiruki Nakamura
22 Oct, 2014
New York City

Nikkei 225 index in Tokyo soared 2.6% following the market advance in New York and Europe. September trade deficit rose 1.6% after energy import surged 21%. Fujifilm Holdings plans to increase Aviga drug that showed promise in treating Ebola-infected patients.

Australian Indexes Soar 1%, BHP Minerals Production Rises

Marcus Jacob
22 Oct, 2014
New York City

Australian market indexes advanced 1.1% after commodities gained. The overnight gains in international markets lifted market sentiment and in trading turnover increased to $4.2 billion. Aussie dollar closed at 87.84 U.S. cents.

Asian Paints, Kotak Mahindra, Wipro Net Jump; Cairn India Net Plunges

Mukesh Buch
22 Oct, 2014
New York City

Asian Paints quarterly profit rose 6%. BASF India and GNFC reported quarterly net swung to loss. Cairn India profit declined 33%. Kotak Mahindra net rose 23%. SKF India net jumped 26%. Wipro quarterly profit and revenue rose 8%.

Apple iPhone Sales Lift Earnings, McDonald's Sales Decline

Mukesh Buch
21 Oct, 2014
New York City

Apple net soared 13%. Harley-Davidson profit declined 8% on 4% decrease in revenues. Illinois Tool net surged 18%. Coca-Cola net tumbled 14% on flat revenues. Kimberly Clark net rose 3%. McDonald''''s profit plummeted 30%. Travelers Co net jumped 6%. Verizon net tumbled 32%.

U.S. Home Sales Data Lift Wall Street Indexes

Nichole Harper
21 Oct, 2014
New York City

Stocks in New York gained for the fourth day in a row after China reported better than expected economic data and the U.S. existing home sales rose at the fastest in the year in September. Apple and Texas Instruments advanced after reporting quarterly results.

ARM, GKN, Whitbread Profit Rise; ASOS Soars on Sales Surge

Nigel Thomas
21 Oct, 2014
New York City

ASOS yearly profit declined 11% to

Japan Index Relapses 2% After Officials Question Nikkei Pension Report

Hiruki Nakamura
21 Oct, 2014
New York City

Market indexes in Tokyo fell back after a record one-day rally in more than a year. The yen gained and the government officials clarified that the pension fund has still not decided on the allocation plan, contradicting the Nikkei newspaper report a day ago.

China GDP Growth Lifts Australian Indexes, Dollar to 6-day High

Marcus Jacob
21 Oct, 2014
New York City

Australian market indexes advanced for the sixth day in a row and the Aussie dollar inched higher after China reported better-than-expected quarterly economic growth of 7%. Industrial production also surged to 8% in the quarter. Newcrest Mining eased after production fell 12%.

HDFC, Idea Net Climb; Shriram Transport Net Declines

Mukesh Buch
21 Oct, 2014
New York City

HDFC Bank net surged 20% and Punjab National Bank net climbed 14%. Shriram Transport net slipped 12%. Idea Cellular reported quarterly net rose 4%. Welspun quarterly net swung to profit on 10% increase in sales.

Wall Street Indexes Extend Gains, IBM in Focus

Nichole Harper
20 Oct, 2014
New York City

Market indexes on Wall Street continued steady advance and tech stocks led the gainers. IBM finalized the deal to sell its loss making chip manufacturing unit and pay $1.5 billion, which accounted for less than 3% of its sales.

IBM Net Plunges and Sells Chip Unit, Macquarie Buys Cleco for $4.7 B

Mukesh Buch
20 Oct, 2014
New York City

GLOBALFOUNDRIES agreed to acquire microelectronics business from IBM. Halliburton net surged 70%. Hasbro profit soared 43%. IBM net tumbled 99.6%. Macquarie Infra agreed to buy Cleco Corp for $4.7 billion. Valeant Pharma net swung to profit. VF Corp net jumped 8%.

Nikkei Soars 4% on Pension Fund Allocation Hopes

Hiruki Nakamura
20 Oct, 2014
New York City

Nikkie surged on speculation that the nation

adidas Jumps on Reebok Offer, Nutreco in

Nigel Thomas
20 Oct, 2014
New York City

adidas received

Australian Markets in 5-day Rally, Medibank IPO May Raise $5.5 Billion

Marcus Jacob
20 Oct, 2014
New York City

Market indexes in Australia gained for the fifth day in a row. The global markets rebound on Friday extended weeklong market advance in Australia, but in thin volume. The Australian government is set to raise as much as $5.5 billion through the public offering of Medibank.

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