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Slower Growths in U.S. Construction and Manufacturing Sectors

Nichole Harper
02 Jun, 2014
New York City

Stocks on Wall Street eased after construction spending rose less than expected and a private survey of U.S. manufacturing showed an unexpected slowdown. Markets in Asia closed higher and European markets focused on latest deals.

Alcatel Lucent to Raise

Nigel Thomas
02 Jun, 2014
New York City

Alcatel Lucent plans to issue

Dai-ichi Life Nearing $4.9 Billion Deal with Protective Life

Hiruki Nakamura
02 Jun, 2014
New York City

Stocks in Tokyo advanced after investors looked overseas and the yen eased. Dai-ichi Life Insurance is said to be nearing purchase of the U.S. based Protective Life Corp for at least $4.9 billion.

Australian Indexes Advance Overlooks 4% Drop in Iron Ore Price

Marcus Jacob
02 Jun, 2014
New York City

Australian stocks rebounded and overlooked 4% decline in spot iron ore price. Home prices in capital cities declined 2% in May, the first monthly decline in a year. Ausdrill plunged 11% after the energy industry services provider lowered its annual outlook.

India Auto Sales: Bajaj, Hero, Maruti, M&M, TVS Sales Climb

Mukesh Buch
02 Jun, 2014
New York City

Bajaj Auto sales in May rose 4% and export climbed 40%. Hero Motocorp sales jumped 8%. Maruti sales soared 19% and domestic sales jumped 16% while export surged 51%. M&M sales edged up 1% after domestic sales grew 3% but export declined 30%. TVS sales climbed 27% and export soared 42%.

India Movers: Cox & Kings, Jyoti Structures, NMDC, REI Agro, Uflex

Mukesh Buch
02 Jun, 2014
New York City

Cox & Kings net loss narrowed but sales soared 115%. Jyoti Structures plunged after net swung to a loss. NMDC profit climbed 34% after revenue jumped 18%. REI Agro net swung to a loss. Uflex net soared.

Stocks Pause on Wall Street, Consumer Spending Eases

Nichole Harper
30 May, 2014
New York City

U.S. stocks meandered and consumer spending declined for the first time in a year in April. Consumer sentiment index was revised lower in May. European markets looked ahead to additional monetary stimulus. Resource stocks declined on the second weekly decline in iron prices.

Big Lots, Genesco, OmniVision Climb; Infoblox, Lions Gate, Splunk Plunge

Mukesh Buch
30 May, 2014
New York City

Big Lots net plunged 70%. Genesco net fell 3% but revenue jumped 6%. Guess net swung to a loss on 5% decline in sales. Infoblox tumbled after net loss widened. Lions Gate plunged 12%. OmniVision profit surged 70%. Splunk net loss widened.

Europe Earnings: Fenner, Salamander Energy, Urban&Civic, Westminster

Nigel Thomas
30 May, 2014
New York City

Fenner plunged on earnings outlook. Salamander Energy climbed on Spanish takeover speculation. Urban&Civic net swung to a loss. Westminster Group said net loss in the year widened.

Reported Inflation in Japan Picks Up, Nikkei Falls 0.3%

Hiruki Nakamura
30 May, 2014
New York City

Stocks in Tokyo slipped on Friday and for the week the Nikkei Stock Average increased 1.2%. The yen held firm. The latest measure of inflation tracked by the government in April showed the largest jump since 1991.

Second Weekly Decline in Iron Prices, Australian Stocks Falter

Marcus Jacob
30 May, 2014
New York City

Australian market indexes declined on Friday and for the week closed unchanged after spot iron ore prices traded below $100 per ton for the second week in a row. The RBA said total credit increased 0.5% in April. Lynas Corp completed $40 million stock offering.

India Movers: BHEL, Cipla, DLF, L&T, M&M, ONGC, Sun Pharma, Tata