ticker

AbbVie and Shire Merger in Trouble, Danone Sales Rise 3%

Nigel Thomas
15 Oct, 2014
New York City

Connect Group reported flat revenues of

GE to Buy Milestone Aviation, NetScout in Deal with Danaher

Mukesh Buch
13 Oct, 2014
New York City

Danaher agreed to sell its communications business to NetScout for $2.6 billion. GE

Statoil Sells Azerbaijan Field Stake, Steris Acquires Synergy for

Nigel Thomas
13 Oct, 2014
New York City

Essentra third-quarter revenue climbed 8%. Quindell third-quarter EBITDA climbed 141% to

Qualcomm Acquires CSR for $2.5 B, AbbVie Rethinks Shire Merger

Mukesh Buch
15 Oct, 2014
New York City

AbbVie board is scheduled to discuss Shire merger after U.S. tax law changes. Bank of America net swung to a loss. BlackRock net surged 26%. Charles Schwab profit jumped 11%. CSX net soared 12%. Intel profit surged 12%. Qualcomm agreed to buy CSR for $2.5 billion. St. Jude Medical net plunged 9%.

Australian Indexes Extend Losses

Marcus Jacob
13 Oct, 2014
New York City

Australian market indexes traded lower and extended weekly losses as investors dial back global growth expectations. Horizon Oil Limited said it struck oil off the coast of China. Finbar Group received government approval for its retail and residential project in Perth.

Old Mutual Acquires Quilter Cheviot, Rolls Royce Plunges 14%

Nigel Thomas
17 Oct, 2014
New York City

Accor climbed after third-quarter revenues jumped 5% to

Wall Street Indexes Rebound, U.S. Consumer Confidence at 7-Year High

Nichole Harper
17 Oct, 2014
New York City

Market indexes on Wall Street rebounded after European Central Bank prepares to step up bond purchase program and the prospects of wider stimulus in the region rose. U.S. consumer sentiment rose to a seven-year high.

Nikkei Extends Weekly Plunge to 7.5%

Hiruki Nakamura
17 Oct, 2014
New York City

Stocks in Tokyo closed lower and extended weekly losses. Nikkei 225 Stock Average declined 1.4% and for the week plunged 7.5%. Daiwa House REIT reported revenues in the fiscal year increased 19% and net rose 20%. Japan Material Co rose on better sales outlook.

Australian Indexes Rebound, Santos Production at 7-year High

Marcus Jacob
17 Oct, 2014
New York City

Australian market indexes traded higher after volatile trading for three days. Banks led the gainers and resource stocks closed down on weak commodities. Santos Limited reported record quarterly production in seven years. Virgin Australia agreed to acquire full control of Tigerair Australia.

TTK Prestige Net Falls 8%, Indusind Bank, RIL Net Surge

Mukesh Buch
13 Oct, 2014
New York City

Capri Global net climbed 30% on 29% increase of revenue. Diamond Power net soared 29%. Indusind Bank profit surged 30%. Network 18 Media and TV18 Broadcast net swung to profit. RIL net jumped. TTK Prestige sales jumped 10% but net declined 8%.

Axis Bank, CMC, Crompton, Hero Profit Surge; Zee Net Falls

Mukesh Buch
17 Oct, 2014
New York City

Axis Bank net surged 18%. CMC net jumped 13%. Crompton Greaves profit soared 13%. Hero MotoCorp net and revenue surged. Supreme Petrochem net plunged 60%. The Supreme Industries profit tumbled 42%. Zee Entertainment slid 4%.

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.

Market Update