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Janus Surges 35% on Hiring PIMCO Co-founder Bill Gross

Mukesh Buch
26 Sep, 2014
New York City

BlackBerry net loss narrowed despite revenue declined 42%. Finish Line net slid 1% but sales climbed 7%. Micron Technology net soared 43%. Nike net surged 23%. Thor net jumped 6% and sales climbed 14%.

Lloyds Lowered Stake in TSB, TOTAL Divests Stake in Cardinal Gas

Nigel Thomas
26 Sep, 2014
New York City

Asian Citrus Holdings net swung to a loss of

Inflation in Japan Slows in August, Nikkei Falls 0.9%

Hiruki Nakamura
26 Sep, 2014
New York City

Stocks in Tokyo closed lower a day after most shares trade ex-dividend. For the week, the Nikkei advanced 1.8% and inflation in Japan slowed in August. The yen traded near 109 against one dollar. Fanuc lifted its annual profit estimate.

Australian Indexes in Fifth Weekly Loss in a Row

Marcus Jacob
26 Sep, 2014
New York City

Australian indexes declined in the week and extended losses for the fifth week in a row. The Aussie dollar dropped again and ASX 200 index dipped to a negative territory. Four largest bank suffered selloff and Westpac lost 4% in the week.

Mumbai Stocks and Rupee Advance, Reliance Jio Arranges $750 M Loan

Mukesh Buch
26 Sep, 2014
New York City

Emami agreed to acquire Rasoi Ltd. India Cements board approved Chennai Super Kings spinoff. JSW Energy enters talks to acquire three hydropower projects from Jaiprakash Power. Reliance Jio borrowed $750 million from Korea Exim Bank.

HB Fuller, Jabil Circuit, Omnova, Scholastic, Worthington Decline

Mukesh Buch
25 Sep, 2014
New York City

HB Fuller net tumbled 86% but revenue rose 2%. Jabil Circuit net swung to a loss on 9% decline of revenue. Omnova Solutions net plunged 80%. Scholastic net loss widened while revenue jumped 3%. Worthington net plummeted 19% but sales climbed 25%.

Volatile Durable Goods Orders Drags S&P 500, Nasdaq; Apple Drops 3%

Nichole Harper
25 Sep, 2014
New York City

Market indexes dropped more than 1% on Wall Street after durable goods orders plunged in August. Apple stock declined for the second day in a row after glitches in new phone and operating system were highlighted. Crude oil, gold and copper extend weekly losses.

Direct Line Sells Division for $700 M, UK Mail Tumbles 13%

Nigel Thomas
25 Sep, 2014
New York City

Direct Line agreed to sell its international business for

New Six-year Low in Yen and High in Nikkei and Topix

Hiruki Nakamura
25 Sep, 2014
New York City

The yen declined to a new six-year low and lifted market indexes to a new six-year high after investors increase stock exposure ahead of dividends. The yen closed at 109.25 against one dollar and the Nikkei Average gained 1.3%.

Australian Dollar and Stocks Face Perfect Storm

Marcus Jacob
25 Sep, 2014
New York City

Australian banks led the latest decline in stocks after the Aussie dollar dropped to the yearly low on the unwinding of yield-trade. Australia is facing weakening commodities prices, falling Aussie dollar and the exit of international investors.

State Bank of India Approves Stock Split, Andhra Bank Plunges 12%

Mukesh Buch
25 Sep, 2014
New York City

Andhra Bank plunged 12% on worries of loans to coal miners who are facing license cancellation. Jaypee Infratech tumbled after RPower abandoned to buy three hydropower projects. Punjab Alkalies surged after government approved divestment. SBI board approved 10-for-1 stock split.

U.S. New Home Sales Data Lifts Stocks on Wall Street

Nichole Harper
24 Sep, 2014
New York City

Stocks on Wall Street gained after a three-day slump and new home sales rebounded sharply after three months of volatile data. Wal-Mart Stores Inc plans to launch checking account services that does not charge overdraft fees. India successfully placed its satellite in Mars orbit.

Nikkei in Tokyo Extend Losses

Hiruki Nakamura
24 Sep, 2014
New York City

Nikkei Stock Average dropped again on the weakness in metal and crude oil prices. The yen rebounded from its six-year low. Starbucks is set to acquire remaining stake in the Japan subsidiary. Amada Co, the maker of laser machinery estimated higher than expected six-month profit.

Bed Bath & Beyond, Paychex, Vail Resorts Jump; KB Home Drop

Mukesh Buch
24 Sep, 2014
New York City

Accenture net jumped 5%. AAR net tumbled 20% and revenue declined 9%. Bed Bath & Beyond profit plunged 10% but sales increased 4%. KB Home net edged up on 7% increase of revenue. Paychex net jumped 5%. Vail Resorts net loss widened but sales climbed.

Australian Indexes Fall on Five-Year Low Iron Ore Price

Marcus Jacob
24 Sep, 2014
New York City

Australian market indexes slipped and banks and miners extended the decline as the ASX index has wiped out all the gains in the year so far. Australia lowered its estimate of iron ore price to $94 a ton from $105 a ton. Reserve Bank of Australia focused on curbing speculation in housing market.

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