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BHP Billiton to Spinoff Assets; Balfour Beatty Rejects Merger Proposal

Nigel Thomas
15 Aug, 2014
New York City

Alpha Pyrenees net loss widened to

Weekly Advance of 3.6% in Nikkei in Tokyo

Hiruki Nakamura
15 Aug, 2014
New York City

Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.

Australian Indexes Extend Weekly Gain to 2.4%, ANZ Profit Jumps 8% to $5 B

Marcus Jacob
15 Aug, 2014
New York City

Australian market indexes gained 0.3% and extended weekly advance to 2.4%. ANZ Banking Group said nine-month cash profit increased 8% to $5.2 billion and the bank said it is on track to meet its annual earnings outlook. James Hardie plunged 7% after quarterly net dropped 80%.

Stocks on Wall Street and Europe Rise on Putin Comments

Nichole Harper
14 Aug, 2014
New York City

Stocks on Wall Street traded higher after conciliatory comments from Russian President Putin. On the domestic front, Wal-Mart quarterly sales met expectations but the largest retailer lowered estimates. Cisco Systems to eliminate 6,000 jobs after quarterly net fell 1%.

Cisco and Wal-Mart Disappoint on Revenue; Noodles Plunges

Mukesh Buch
14 Aug, 2014
New York City

Advance Auto Parts net soared 19%. Cisco net fell 1%. NetApp net jumped 8% but revenue fell 2%. Kohl

ThyssenKrupp Restructuring Trims Debt, RWE Net Drops 62%

Nigel Thomas
14 Aug, 2014
New York City

Novozymes net surged 20% to 1.28 billion kronor. RWE profit tumbled 62% to

ONGC Net Soars 19%; GMR Infra, Gammon India Net Loss Widen

Mukesh Buch
14 Aug, 2014
New York City

GMR Infra and Gammon India net loss widened. Hindalco net declined 31%. IL&FS net surged 77%. Jyothy Lab profit soared 80% and revenue surged 112%. Nalco profit soared 70%. ONGC net and revenue advanced. Voltas profit surged 67%. West Coast Paper net climbed 38%.

Slow Wage Increase in Australia, Record Profit at CBA

Marcus Jacob
13 Aug, 2014
New York City

Stocks in Sydney closed lower after CBA reported record annual profit but missed higher expectations set by investors. Wage price increase in June quarter was subdued, the third mild quarterly increase in a row. CBA annual net increased 12% to $8.6 billion. CSL net jumped 8%.

Japan Consumer Spending Plunges 5.2%, GDP Contraction Revised to 6.1%

Hiruki Nakamura
13 Aug, 2014
New York City

Stocks in Tokyo traded sideways after a week of volatile trading and the second quarter GDP contraction was revised to 6.8% from the previous estimate of 6.1%. Consumer spending in the quarter plunged 5.2%.

BHEL Struggles with Revenues, Tata Steel Net Plunges 70%

Mukesh Buch
13 Aug, 2014
New York City

BHEL net tumbled 58% and revenue declined 21%. EIL net plunged 38%. IOC, Sun Pharma, Siemens net swung to profit. NMDC net soared 22%. P&G net surged 73%. Tata Steel net tumbled 70.4%. Tata Power net loss narrowed.

Admiral Group Hikes Dividend, G4S Net Swings to Profit

Nigel Thomas
13 Aug, 2014
New York City

G4S net swung to profit of

Cree Plunges on Estimate, Macy's Cuts Outlook

Mukesh Buch
13 Aug, 2014
New York City

Cree net jumped 6% and lowered its fiscal outlook. Deere & Co net plunged 15%. Fossil net tumbled 22% but sales soared 10%. Hillshire Brands profit climbed 20%. Macy''''s sales and profit jumped 4%. URS surged 31% but revenue declined 7%. WellPoint rename to Anthem.

Flowers Foods Misses Estimates, Nuance Loss Widens

Mukesh Buch
12 Aug, 2014
New York City

AerCap net soared 83%. Acceleron Pharma net swung to a loss. Flowers Foods profit plunged 10% after sales dropped 2%. MannKind and Nuance Communications net loss widened. Towers Watson net slid 1%. Valspar net jumped 4%.

Australian Stocks Rise in Active Trading, Domino's Pizza Store Sales Surge

Marcus Jacob
12 Aug, 2014
New York City

Australian market indexes advanced for the second day in a row on easing geopolitical tensions and firm iron ore prices in international markets. Stock trading turnover also reached near the high in the year-so-far. Domino

Japan Markets Participate in Global Surge, Mixi Soars

Hiruki Nakamura
12 Aug, 2014
New York City

Japan indexes rose for the second day in a row after tensions eased on Ukraine-Russia border. Mixi Inc extended two-day gain to 40% after the social networking site operator lifted first-half outlook. Advertising services provider Dentsu Inc quarterly net loss narrowed.

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