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Steady Momentum in U.S. and World Markets

Nichole Harper
19 Aug, 2014
New York City

U.S. stocks extended gains for the second day this week after geopolitical tensions eased and oil prices remained under pressure for the third week in a row. BHP Billiton decided to spin off assets as the mining boom wanes and company structure becomes unwieldy. World markets remain in the upswing.

Tokyo Rally in Fifth Day, Topix in 7-day Advance

Hiruki Nakamura
19 Aug, 2014
New York City

Stocks in Tokyo gained for the fifth day and Topix Index closed higher for the seventh day in a row. Resource linked stocks were actively traded after oil and metals prices eased and geopolitical tensions eased. The yen traded above 102 against one dollar.

Dick's Sporting, Home Depot, TJX Surges; Elizabeth Plunges

Mukesh Buch
19 Aug, 2014
New York City

Dick''s Sporting net plunged 17% but revenue climbed 10%. Elizabeth net loss widened. Home Depot net soared 14.5% after sales jumped. Medtronic net declined 9%. TJX profit slid 0.5% while sales increased. Urban Outfitters net dropped 11%.

BHP to Spin Off $15 B of Assets, Maersk Net Soars

Nigel Thomas
19 Aug, 2014
New York City

Maersk profit surged 169% to 2.30 billion kronor and plans for share buy-back of 5.6 billion kronor. BHP Billiton net soared 23% to $13.8 billion and intends to spin off $15 billion of assets. Persimmon net climbed 63% to

BHP Billiton Net Rises, QBE Insurance Net Declines

Marcus Jacob
19 Aug, 2014
New York City

Australian indexes advanced and investors focused on the latest earnings announcements. After the close, BHP Billiton reported annual revenues increased 1.9% and net earnings surged 23%. Insurance Australia Group net soared 59% on lower than expected costs.

JSW Steel Agrees to Acquire Welspun Maxsteel

Mukesh Buch
19 Aug, 2014
New York City

Adani Ports starts expansion of Dhamra Port. BHEL developed fuel flexible boiler. Godrej will manufacture soaps and insecticides at new plant in Seemandhra. JSW Steel agreed to acquire Welspun Maxsteel for Rs 1,000 crore.

U.S. Indexes Soar 1% on Merger Monday

Nichole Harper
18 Aug, 2014
New York City

Market indexes on Wall Street soared 1% after investors focused on merger deals and domestic corporate news. Central bankers from around the world are scheduled to attend annual symposium organized by Federal Reserve this week.

Family Dollar Receives Higher Offer from Dollar General

Mukesh Buch
18 Aug, 2014
New York City

Dollar General offered $78.50 per share to Family Dollar. Google likely to acquire JetPac Inc. IBM received regulatory approvals to sale server business to Lenovo for of $2.3 billion. Ingersoll-Rand agreed to acquire Cameron Intl for $850 million.

Tokyo Stocks in 4-day Rise, Chugai Soars 15% on Roche Speculation

Hiruki Nakamura
18 Aug, 2014
New York City

Stocks in Tokyo closed higher for the fourth day in a row and resource linked stocks gained. Chugai Pharmaceuticals soared 15% on the speculation the Roche Holding may make a bid for the rest of the stake in the company. Geopolitical risks continued to weigh on markets in Tokyo and Asia.

Telecom Italia Offered

Nigel Thomas
18 Aug, 2014
New York City

Bovis Homes profit soared 168% to

National Australia Bank Net Rises 7%, Maket Indexes Advance

Marcus Jacob
18 Aug, 2014
New York City

Australian market indexes closed higher and the Aussie dollar closed above 93 U.S. cents. Abacus Property in partnership with KKR acquired towers in World Trade Center in Melbourne. National Australian Bank quarterly net increased 7% to $1.6 billion on 1% decline in revenues.

RCom, RCapital Profit Climb; Cipla Net Declines

Mukesh Buch
18 Aug, 2014
New York City

Alok Ind net climbed 32%. Cipla net declined 39%. Lanco Infratech net loss narrowed. RCom net soared 21% and RCapital profit jumped 23%. SpiceJet net swung to loss. Supreme Infra net plunged 48% after revenue dropped 14%. Whirlpool net and revenue surged.

World Markets Advance, U.S. Indexes Erase Losses

Nichole Harper
15 Aug, 2014
New York City

U.S. stocks erased losses in the session and markets in Europe registered best weekly gain in the year so far. S&P 500 index in the week gained 1.2% and the Nasdaq Composite advanced 2.2%. Retailer faced another day of sell off after weak results from Nordstrom, JC Penny and Dillard

Eurpean Markets Surge but Economic Recovery Delayed

Bikram Pandey
15 Aug, 2014
New York City

Markets across Europe register best weekly gain in 2014 after investors returned to add stocks on hopes of receding tensions between Russia and Europe. However, most nations struggled to expand economy in the second quarter and the much expected recovery is likely to be delayed several quarters.

Coca-Cola Acquires Monster Beverage Stake; Dillard's, Nordstrom Decline

Mukesh Buch
15 Aug, 2014
New York City

Applied Materials net soared 79%. Agilent Technologies net declined 13% but revenue climbed 7%. Dillard''s net dropped 6%. Estee Lauder profit surged 174%. J C Penney net loss narrowed. Coca-Cola acquired 17% stake in Monster Beverage. Nordstrom net slid.

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