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S&P 500 Drops 1%, Fannie and Freddie Plunge 30%

Nichole Harper
01 Oct, 2014
New York City

U.S. stocks traded sharply lower after Hong Kong braced for more protests and Italy forecasted economic contraction in the current year. Fannie Mae and Freddie Mac plunged after a court ruling. GM and Chrysler September sales rise 19% and Ford sales fall 3%.

GM, Honda, Chrysler Sales Jump; Ford Sales Falls

Mukesh Buch
01 Oct, 2014
New York City

Acuity Brands profit surged 22% and revenue climbed 15%. AZZ net plunged 16%. American Honda September sales climbed 12% and Chrysler sales soared 19%. Ford sales in September fell 3%. GM vehicles sales soared 19% to 223,437.

Japanese Shares Turn Lower, Tankan Index Rises

Hiruki Nakamura
01 Oct, 2014
New York City

Tankan index of confidence among large manufacturers increased in July, the Bank of Japan said today. Investors turned cautious after Hong Kong braced for larger protests as national holidays begin in China.

Adidas Announces

Nigel Thomas
01 Oct, 2014
New York City

adidas plans to buy back

Australian Retail Sales Rose Marginally

Marcus Jacob
01 Oct, 2014
New York City

Australian dollar drifted sideways and stock market indexes gained after retail sales rose marginally in August. Manufacturing in China expanded in September. News Corp agreed to acquire real estate listing company Move Inc for $1.1 billion.

Bajaj, Hero and Maruti September Vehicle Sales Advance in India

Mukesh Buch
01 Oct, 2014
New York City

Bajaj Auto sales in September climbed 9% and commercial vehicles sales and export surged 19%. Hero MotoCorp sales soared 30% to 558,609 units. Maruti Suzuki September sales jumped 5% and domestic sales soared 10% but export plunged 28%.

Japan's Retail Sales Rise 1.9% and Industrial Production Falls 1.5%

Hiruki Nakamura
30 Sep, 2014
New York City

Stocks in Tokyo responded to the latest economic data. Retail sales increase of 1.9%, ahead of expectations, and jobless rate decreased to 3.5%. Industrial production declined 1.5% unexpectedly. The yen declined traded above 109 level against one dollar.

eBay Separates PayPal, J&J to Acquire Alios BioPharma for $1.8 B

Mukesh Buch
30 Sep, 2014
New York City

eBay to separate its marketplace and PayPal businesses in 2015. Johnson & Johnson plans to acquire privately held Alios BioPharma for $1.8 billion. Walgreen net swung to a loss.

RBS Lowers Impairment Charges, Wolseley Profit Soars

Nigel Thomas
30 Sep, 2014
New York City

Powerflute profit surged 68% on 10% climbing of revenue and agreed to acquire Corenso for

Australian Stocks Rebound, Aussie Dollar Struggles

Marcus Jacob
30 Sep, 2014
New York City

Australian stocks advanced and a rebound in banks led the gainers. Aussie dollar traded near its yearly low. Recall Holdings soared on takeover speculation.

Financial Technologies Sells 15% Stake in MCX to Kotak Mahindra

Mukesh Buch
30 Sep, 2014
New York City

Financial Technologies agreed to sell 15% stake in MCX to Kotak Mahindra Bank. HCL Infosystems net loss widened. L&T secured new orders worth Rs 1,423 crore in September. Strides Arcolab sells 25.1% stake in Stelis Biopharma.

SoftBank Pursues DreamWroks, Yen Decline Continues

Hiruki Nakamura
29 Sep, 2014
New York City

Stocks in Tokyo gained after the yen declined to a new low in the year and exporters gained. SoftBank offered 30% premium to DreamWorks Animation and valued the U.S. based studio for $3.4 billion.

U.S. Indexes Trim Losses and Dollar Advances on Merger Monday

Nichole Harper
29 Sep, 2014
New York City

U.S. indexes opened sharply lower but by mid-day trimmed losses and the dollar advanced after protests erupted in Hong Kong against China rule. Tibco Software agreed to a $4.3 billion private-equity offer. SoftBank pursuit of DreamWorks Animation that many believe may never lead to deal.

DreamWorks Surges on Softbank Offer, NiSource Splits Pipeline Business

Mukesh Buch
29 Sep, 2014
New York City

AMAG Pharma agreed to buy privately held healthcare company Lumara for $675 million. Cal-Maine net surged. DreamWorks surged after Softbank offered $3.4 billion. Encana agreed to acquire Texas-based oil group for $6 billion. NiSource spins off gas pipelines business.

Nestle Agrees to Sell German Unit, Balfour Beatty Plunges 19%

Nigel Thomas
29 Sep, 2014
New York City

Balfour Beatty again lowered profit forecast by

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