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Nestle Agrees to Sell German Unit, Balfour Beatty Plunges 19%

Nigel Thomas
29 Sep, 2014
New York City

Balfour Beatty again lowered profit forecast by

Aussie Dollar Drops to 8-month Low on Yield Trade Unwinding

Marcus Jacob
29 Sep, 2014
New York City

Australian stocks extended five-week long losses and the Aussie dollar dropped to an eight-week low. Banks led the decliners after Reserve Bank of Australia signalled more scrutiny for home loans. Treasury Wine Estates ended talks to sell the company.

India

Mukesh Buch
29 Sep, 2014
New York City

MAN Industries secured orders worth about Rs 550 crore. Mahindra Holidays plans to invest up to Rs. 500 crore for expansion. NTPC received syndicated loan of $250 million. Valecha Engineering divested its three road assets worth Rs 309 crore.

U.S. Stocks Rebound, Pimco Funds Fall After Gross Moves to Janus

Nichole Harper
26 Sep, 2014
New York City

U.S. stocks rebounded a day after indexes dropped the most in three months. Bond market turned volatile after William Gross resigned from Pimco, the firm he helped to build. World markets traded volatile after commodities dropped to new multi-year lows.

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.

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