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India Movers: January Auto Sales Declines; Grasim, IDBI Net Drop

Mukesh Buch
03 Feb, 2014
New York City

Ashok Leyland sales in January plunged 26% and net swung to a loss. Bajaj sales declined 8%. Berger Paints net grew 7%. Grasim profit dropped 34%. IDBI Bank profit tumbled after non-performing loan ratio jumped. Lupin net surged. M&M sales fell 14%. TVS sales jumped.

World Markets Deepen Losses in January, Euro Zone Defltation Trap Worries

Nichole Harper
31 Jan, 2014
New York City

U.S. and World markets accelerated the decline on the last day of January. For the year, S&P 500 index is down 3.4%, major markets in Europe declined 3% and indexes in Japan closed down 8.5%. Hong Kong index fell 5.5% and index in India dropped 3.1%.

Nikkei Drops 8.5% in January, Inflation in Japn Accelerates

Hiruki Nakamura
31 Jan, 2014
New York City

Nikkei index in Tokyo declined 0.6% on Friday, fell 3.1% in the week and plunged 8.5% in January. Industrial output in December increased 1.1%. Consumer prices in Japan increased 1.6% and core inflation rose 1.3% from a year ago.

Amazon Net Soars, Google Net Rises 16%

Mukesh Buch
31 Jan, 2014
New York City

3M net surged 57%. Amazon net surged 146% and revenue soared 20%. Chevron declined after net tumbled 33%. Colgate net dropped 6%. Google profit climbed 16%. L-3 Communications net declined 8%. MasterCard net rose 3% and revenue jumped 12%.

Australian Stocks Fall 3% in January, David Jones Rejects Myer Merger Offer

Marcus Jacob
31 Jan, 2014
New York City

Australian stocks in January declined for the first time in four years as emerging markets struggle and China engineers a slowdown. David Jones rejected unsolicited merger offer from Myer Holdings.

Europe Earnings: BT Group, LVMH Net Rise; Electrolux Swings to Loss

Nigel Thomas
31 Jan, 2014
New York City

BT Group profit jumped 6% to

India Movers: Adani, Hero, Motherson Sumi, Neyveli, PNB, Union Bank

Mukesh Buch
31 Jan, 2014
New York City

Adani Entp net tumbled 84%. Hero Motocorp profit jumped 8% after sales climbed 11%. Motherson Sumi net surged 143% and sales soared 21%. NLC profit climbed 121%. PNB surged after non-performing loan ratio fell and profit declined. Union Bank net climbed 15%.

Google Sells Motorola Mobility Division to Lenovo for $2.9 B

Mukesh Buch
30 Jan, 2014
New York City

Exxon Mobil net declined 16%. Google agreed to sell its Motorola division to Lenovo for $2.9 billion. UPS net swung to a profit of $1.17 billion. Visa net declined 28.3% after revenue climbed 9%.

Nikkei Plunges 2.5%, Nomura Net Jumps 140%

Hiruki Nakamura
30 Jan, 2014
New York City

Nikkei stock average in Tokyo dropped 2.5% and the yen strengthened as currencies in emerging markets declined. Nomura Holdings profit more than doubled. Central Japan Railway Company revenues rose 3.9%. Nippon Steel swung to profit.

Europe Earnings: BSkyB, Dassault, Diageo, Givaudan

Nigel Thomas
30 Jan, 2014
New York City

BSkyB profit plunged 16% to

Australian and Emerging Markets Continued Downward Slide

Marcus Jacob
30 Jan, 2014
New York City

Australian stocks were swept lower with the emerging markets weakness and the Aussie dollar declined further. Home sales in Australia jumped 14.4% in 2013 and import and export prices in December eased 0.5%.

India Movers: BOI, JSW Energy, Muthoot Finance, NALCO, Siemens, Titan

Mukesh Buch
30 Jan, 2014
New York City

Bank of India net plunged 27%. Crompton net swung to a profit. GSFC profit plummeted 26% and sales declined 16%. JSW Energy net tumbled 35%. Muthoot Finance net plunged 28%. NALCO profit jumped 10%. Siemens net rose 2%. Titan net declined 19%.

World Markets Negative Despite Rate Increases in Turkey, S. Africa

Nichole Harper
29 Jan, 2014
New York City

World markets remained on the edge after emerging markets sell-off continued. Turkey nearly doubled its main interest rates and South Africa raised its key lending rates for the first time in nearly six years. Seven largest world market indexes turned negative in 2014.

Nikkei Surges 2.7%, Canon Offes Positive Outlook

Hiruki Nakamura
29 Jan, 2014
New York City

Nikkei in Tokyo surged 2.7% after emerging markets stabilized. The yen strengthened and investors shifted focus to corporate earnings. Canon gained after estimating higher earnings and sales. Sumitomo Mitsui third quarter net fell 9.3%.

Dow Chemical, Praxair, WellPoint, Rise; Boeing, Yahoo Decline

Mukesh Buch
29 Jan, 2014
New York City

Boeing net climbed 26%. Biogen revenue and profit surged. Dow Chemical net swung to a profit. Hess net soared but revenue dropped. Praxair net surged 15%. Valero net surged 28%. WellPoint net tumbled 68%. Yahoo revenue fell 6% but net climbed 28%.

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