ticker

U.S. and World Market Indexes Struggle with Weekly Losses

Nichole Harper
11 Jul, 2014
New York City

Reynolds America and Lorillard confirmed merger talks that could create a combined entity worth $56 billion. World markets extended weekly losses after fresh bank health worries in Europe and Cotton prices hit a two-year low and oil eased.

TRW Automotive, Whirlpool Jump; Cray, Fastenal, PriceSmart Drop

Mukesh Buch
11 Jul, 2014
New York City

Cray won $174 million contract from National Nuclear Security Administration. Fastenal profit and sales climbed. PriceSmart net surged 15%. Whirlpool plans to buy 67% voting stock of Italy-based Indesit for $1.03 billion. Wells Fargo net jumped 4%.

Friends Divests Lombard Unit, Imperial Tobacco to Acquire Reynolds Assets

Nigel Thomas
11 Jul, 2014
New York City

Aker Solutions prepared to split into two and write down 1.6 billion kroner of assets. Friends Life divests its Lombard unit to Blackstone. Imperial Tobacco is in asset purchase talk with the U.S.-based Reynolds American and Lorillard. Whirlpool acquired a majority stake in Italy based Indesit.

Daily Decline in Tokyo Extends Weekly Loss to 2.3%, Yen Gains

Hiruki Nakamura
11 Jul, 2014
New York City

Stocks in Tokyo declined following market weakness across the euro zone and the yen advanced for the second day in a row. Fast Retailing declined 2% after the retailer lowered its annual earnings outlook for the second time on losses linked to its premium-denim unit.

India Movers: Infosys Reiterates Outlook, Net Drops 4%

Mukesh Buch
11 Jul, 2014
New York City

Britannia sold its factory land in Chennai for Rs 172 crore. Cera Sanitaryware net climbed 22% and revenue soared 28%. Himachal Futuristic sales and profit surged. Infosys net profit dropped 4% and helds fiscal outlook. Jay Bharat Maruti net jumped 33%.

Australian Indexes Trim Weekly Losses

Marcus Jacob
11 Jul, 2014
New York City

Australian market indexes gained and Aussie dollar closed below 94 U.S. cents. Fortescue Metals quarterly production increased but annual production fell below guidance. Transfield Services won $250 million military base management contract.

U.S. Stocks Trim Losses after Selloff Spraked by Portgual Bank Worries

Nichole Harper
10 Jul, 2014
New York City

Market indexes on Wall Street dropped as much as 1.5% after fresh worries resurfaced on European bank health. Portugal suspended trading in troubled Espirito Santo after the bank failed to meet its debt obligation. U.S.

Family Dollar Rises, CHC Group, Gencorp, Progressive, WD-40 Fall

Mukesh Buch
10 Jul, 2014
New York City

CHC Group net loss in the quarter widened. Family Dollar profit plunged 33% and sales rose 3%. Gencorp quarterly net loss widened. Progressive Corp net declined 10% on 5% increase in revenues. WD-40 quarterly net was flat.

Europe Earnings: Burberry, Halfords, LSE, Petrofac, Suedzucker

Nigel Thomas
10 Jul, 2014
New York City

Burberry revenue climbed 17% to

Tokyo Stocks Extend Losses to Fourth day, Machinery Orders Plunges

Hiruki Nakamura
10 Jul, 2014
New York City

Stocks in Tokyo trading declined for the fourth day in a row and core machinery orders plunged 14.5% in May following 9% decline in April. Kaneko Seeds fiscal year sales increased 4.6% and net income surged 29%.

Australian Unemployment Rate in June at 11-year High

Marcus Jacob
10 Jul, 2014
New York City

Australian stocks rebounded after a sharp fall of 1% in yesterday

India Movers: Bharti Airtel, ONGC, JSW Steel, Kirloskar Electric

Mukesh Buch
10 Jul, 2014
New York City

Bharti Airtel divest approx 3,100 towers in four countries in Africa to Helios Towers. ONGC Videsh priced unsecured bonds worth $1.5 billion and

Alcoa Net Swings to Profit; AeroVironment Jumps, MSC Drops

Mukesh Buch
09 Jul, 2014
New York City

Alcoa net swung to profit on flat revenues. AeroVironment net swung to profit. Capstone Turbine won first order from Oman. MSC Industrial jumped 4% on 13% increase in revenue. ServiceNow agreed to acquire Neebula Systems for $100 million.

Alcoa Earnings Fails to Shake Off Wall Street Caution

Nichole Harper
09 Jul, 2014
New York City

U.S. stocks traded sideways and investors remained cautious after Alcoa Inc kicked off the latest earnings season with better than expected results. Citigroup is nearing a settlement of $7 billion for charges linked to mortgage securities fraud.

Europe Earnings: Admiral Group, Sodexo, Turbo Power Systems, UK Mail

Nigel Thomas
09 Jul, 2014
New York City

Admiral Group first-half revenues declined to

Market Update