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U.S. Stocks Struggle, New Home Sales Plunge 14.5% in March

Nichole Harper
23 Apr, 2014
New York City

U.S. stocks struggled and tech stocks traded down ahead of earnings from Apple, Qualcomm and Facebook after the close. Boeing reported higher adjusted earnings and lifted 2014 outlook. Proctor & Gamble reported flat quarterly sales. U.S. new home sales plunged 14.5% in March.

Toyota, Nissan and Honda March Quarter Global Production Surge

Hiruki Nakamura
23 Apr, 2014
New York City

Toyota reported a surge of 6% in global vehicle production to 2.58 million in the quarter to March. Honda global production in the quarter increased 12.4% to 0.4 million and at Nissan rose 10.4% to 0.49 million units. Seibu surged 10% on the first day of trading.

Australian Inflation at 2.9%, Troy Secured $100 M Investments

Marcus Jacob
23 Apr, 2014
New York City

Australian inflation in March increased from a year ago to 2.9% but trailed expectations. Market indexes closed higher 0.7% and a slight improvement in China

India Movers: Cairn India, Mastek, Rallis India, SBBJ, VST, Yes Bank

Mukesh Buch
23 Apr, 2014
New York City

Cairn India net climbed 18% to $491 million on 16% increase in revenues. Mastek profit plunged 38% after revenue slipped 5%. Rallis India net surged 71%. State Bank of Bikaner and Jaipur net climbed 33%. VST Industries profit surged 49%. Yes Bank net soared 19%.

Tech Stocks Lead U.S. Market Advance, Valeant Bids $46 Billion for Allergan

Nichole Harper
22 Apr, 2014
New York City

U.S. market indexes advanced led by tech stocks. Existing home sales in March declined 0.2% to annual rate of 4.59 million and dropped to the lowest level since July 2012. Novartis announced deals worth $20 billion. Valeant Pharmaceuticals offered $46 billion for Allergan Inc.

Harley-Davidson, Netflix Climb; McDonald's U.S. Sales Ease

Mukesh Buch
22 Apr, 2014
New York City

Bank of New York Mellon net swung to a profit. Comcast net surged 30% after revenue jumped 14%. Harley-Davidson net climbed 19%. Illinois Tool profit soared 34%. Lockheed Martin net jumped 23%. McDonald

Novartis, Glaxo and Eli Lilly in $20 Billion Deals

Nigel Thomas
22 Apr, 2014
New York City

Philips net plunged 15% to

Broader Market Indexes in Tokyo Reverse Early Gains

Hiruki Nakamura
22 Apr, 2014
New York City

Broader market indexes declined after reversing earlier gains in the day and commodities linked stocks were in focus. Yasakawa Electric declined after the power company estimated lower than expected current year income. Monex Group, the online security provider said fiscal year revenues increased 51%.

Japan Deficit Surges Four-Fold in in March

Hiruki Nakamura
21 Apr, 2014
New York City

Market indexes in Tokyo drifted lower and the yen eased after trade deficit in March quadrupled from a year ago. Consumer lending stocks soared on a speculation that the government may loosen restrictions. Drugstore chain Genky said quarterly sales increased 4%.

Australian Indexes Up 0.5%, Oil Search Sales Fall 19%

Marcus Jacob
22 Apr, 2014
New York City

Australian stocks closed higher in thin trading. Oil Search advanced after issuing a positive outlook but quarterly sales declined 19%. Singapore competition authority approved the alliance between Air New Zealand and Singapore Airlines.

Hasbro and Halliburton Net Swings to Profit

Mukesh Buch
21 Apr, 2014
New York City

Halliburton and Hasbro net swung to a profit. Hillshire Brands agreed to acquire Van''s Natural Foods for $165 million. Kimberly Clark net rose 1%. Pfizer plans in acquire AstraZeneca for

India Movers: ALSTOM, Hindustan Zinc, LIC Housing, TCS, RIL, Wipro

Mukesh Buch
21 Apr, 2014
New York City

ALSTOM India secured a contract worth

India Movers: Gujarat Gas, HDFC Bank, HEG, MRF, Novartis

Mukesh Buch
22 Apr, 2014
New York City

Gujarat Gas dropped after its board approved consolidation of its entities. HDFC Bank net climbed 23% and revenue jumped 15%. HEG profit surged 33%. MRF net declined 19% but revenue soared 14%. Novartis surged after promoter agreed to acquire cancer drug business from GSK for $16 billion.

Three Competing Visions in India

Arjun Dave
20 Apr, 2014
New York City

The national election in India has led to a rise of two new confident and self-made leaders with different visions from the traditional welfare state model supported by the Nehru-Gandhi dynasty. India is looking for ways to speed up economic growth and catch up with the neighboring rival China.

Confidence Index in Japan Drops to a 30-Month Low, GungHo Soars

Hiruki Nakamura
17 Apr, 2014
New York City

Market indexes in Tokyo closed nearly unchanged in thin trading. Confidence index dropped to the lowest in March since August 2011. GungHo Online Entertainment soared on profit report. Developer Ichigo Group reported net annual sales more than doubled.

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