ticker

Airlines Surge after Oil Drops to a 4-year Low

Mukesh Buch
28 Nov, 2014
New York City

American Airlines, Delta Air Lines and JetBlue surged while energy stocks plunged after oil price declined to a four-year low below $70 a barrel. Medtronic received clearance from U.S. Federal Trade Commission to acquire Covidien for $42.9 billion.

Oil Plunge of 7% Dominates Worldwide Stock Trading

Nichole Harper
28 Nov, 2014
New York City

Trading in oil dominated and the sharp fall in oil price hovered stock and currency trading in New York, Europe and Asia. Crude oil plunged as much as 7% after OPEC left its production level at 30 million barrels a day and the oil price fell to a four-year low.

Yen Weakness and Oil Drop Lifts Nikkei, Toyota Production Falls 1.1%

Hiruki Nakamura
28 Nov, 2014
New York City

Stocks in Tokyo gained and the yen eased after retail sales rose 1.4% and industrial production unexpectedly gained in Japan. Airlines in Tokyo gained after crude oil prices trade near $70 a barrel. The yen weakened for the first time in four days. Toyota global vehicle production in October fell.

E.ON Sells Assets to Cut Debt, Vivendi Finalizes SFR Deal for

Nigel Thomas
28 Nov, 2014
New York City

Axa agreed to acquire Assur Africa for

Australian Indexes Plunge After OPEC Decision

Marcus Jacob
28 Nov, 2014
New York City

Australian market indexes opened lower and the crude oil prices plunged below $70 a barrel after the OPEC member nations left the oil production level unchanged. Qantas Airways surged and the airline announced investment in Jetstar Japan.

Just Dial Seeks Investors, Alstom T&D Awarded Sri Lanka Contract

Mukesh Buch
28 Nov, 2014
New York City

Alstom won a contract from Ceylon Electricity Board, Sri Lanka. ITC plans to invest about Rs 9,000 crore to expand its hotel chain. Taneja Aerospace signed a contract with Indian Air Force to upgrade MIG 29 aircrafts.

Japan Indexes Drop Second Day, Yakult Plunges 6%

Hiruki Nakamura
27 Nov, 2014
New York City

Market indexes in Tokyo closed lower and the yen struggled to hold firm after two weeks of weakness. Resource and oil exploration companies were in focus after the OPEC members disagreed to cut oil production. Yakult Honsha dropped 6% after the France-based Danone plans to sell its 20% stake.

Decline in Crude Oil and Iron Ore Hover Australian Stocks

Marcus Jacob
27 Nov, 2014
New York City

Australian market indexes wiped out most of the gains in the session and the Aussie dollar retained its downward bias. Price of crude oil and iron ore edged lower. Lend Lease agreed with the Sydney development authority to develop two sites at a cost of $1.9 billion.

BOB Plans Bond Offering, Puravankara in Pune Development Venture

Mukesh Buch
27 Nov, 2014
New York City

Bank of Baroda plans to raise about Rs 1,500 crore through a convertible bond offering. CG

Infineon Net Surges 27%, Stagecoach Wins Rail Franchise

Nigel Thomas
27 Nov, 2014
New York City

Infineon net soared 27% to

U.S. Capital Goods Orders Fall, New Home Sales Rises

Nichole Harper
26 Nov, 2014
New York City

In stock trading, market averages lacked direction ahead of OPEC meeting tomorrow. Dollar fell, stocks generally rose and crude oil futures traded at a four-year low. U.S. jobless claims unexpectedly rose and capital goods orders fell. New home sales rose in October.

Topix Ends Five-day Rally in Japan, Weak Oil Drags Explorers in Asia

Hiruki Nakamura
26 Nov, 2014
New York City

Topix index in Tokyo edged lower after advancing for five days in a row. Tokyo Stock Exchange abandoned its plan to increase or add trading hours after resistance from brokerage firms. Inpex, Japan Petroleum Exploration and Taiyo Nippon Sanso dropped after oil dropped to a four-year low.

Australian Indexes Rebound, Dollar and Oil Drops

Marcus Jacob
26 Nov, 2014
New York City

Australian market indexes rebounded in thin trading and the Aussie dollar declined. Crude oil dropped 2% and fell near $74 a barrel in Asia and Sydney trading.

Analog Devices HP, Veeva Jumps; Ctrip.com Plunges 10%

Mukesh Buch
26 Nov, 2014
New York City

Analog Devices net plunged 46% despite revenues increase of 20%. Books-A-Million net loss was flat on revenues increase of 1%. Ctrip.com net declined 42%. Deere profit tumbled 20% on 5% decrease in revenues. Hewlett-Packard net declined 6%. Veeva Systems net surged 36%.

Thomas Cook Plunges 19%, Wolseley Net Soars 13%

Nigel Thomas
26 Nov, 2014
New York City

Daejan net climbed 50% to

Market Update