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Applied Materials, Autodesk, J.C. Penney, Nordstrom Jump; Darden Drops

Mukesh Buch
16 May, 2014
New York City

Abbott agreed to acquire Chile-based CFR Pharma for $2.9 billion. Applied Materials net swung to profit after sales soared 19%. Autodesk net tumbled 49%. Darden agreed to sell its Red Lobster business for $2.1 billion in cash. Nordstrom net fell 3%.

Nikkei in Tokyo Plunges 1.4%

Nichole Harper
16 May, 2014
New York City

Stocks in Tokyo plunged following losses in New York in overnight trading. Dentsu reported annual net increased Alconix annual net sales rose 12%. SMC Corp annual net soared 34%.

Europe Earnings: Bouygue, Centamin, Intertek, Kentz, Moncler

Nigel Thomas
16 May, 2014
New York City

Bouygues net swung to profit

Australian Stocks Drop, Santos Begins LNG Shipment to Japan

Marcus Jacob
16 May, 2014
New York City

Australian stocks struggled and closed at the low of the day. For the week, the ASX 200 gained 0.3%. Santos Limited commenced shipment of liquefied natural gas from its project in Papua New Guinea.

India Movers: Bajaj, Cadila, Gujarat Gas, Karnataka Bank, Mirc, NTPC

Mukesh Buch
16 May, 2014
New York City

Bajaj Hindusthan net swung to a loss. Cadila Healthcare profit dropped 9% but revenue soared 22%. Gujarat Gas net declined 17%. Himatsingka net tumbled 49%. Karnataka Bank net surged 21%. Kalindee Rail net swung to profit. NTPC profit plunged 29%.

Cisco, Soars; Acxiom, CA, Kohl's, Wal-Mart Fall

Mukesh Buch
15 May, 2014
New York City

Advance Auto Parts net dropped 11% after sales plunged 47%. Cisco climbed despite sales and net plunged. CA profit declined 15%. Flowers Foods slipped 6%. Kohl''s net plummeted 15% after sales dropped. Wal-Mart sales rose but net declined 5%.

Small Caps Lead U.S. Markets Slide, Bond Yields at 6-Month Low

Nichole Harper
15 May, 2014
New York City

S&P 500 index extended losses for the third day and small cap Russell 2000 index extended loss to 10% in a two-month correction. Yield on 10-year bond dropped to a six-month low.

Europe Earnings: Deutsche Post, Dixons, LSE, Thomas Cook

Nigel Thomas
15 May, 2014
New York City

Deutsche Post profit edged up 0.8% to

Japan's March Quarter GDP Growth Accelerates

Hiruki Nakamura
15 May, 2014
New York City

Japan''s GDP in the March quarter expanded 1.5% from the last quarter after consumer spending rose ahead of sales tax increase on April 1, the Cabinet Office said today.

Nikkei Falls on Earnings; Japan Display, Nissan Chemical, IIJ in Focus

Hiruki Nakamura
15 May, 2014
New York City

Rising consumer spending ahead of sales tax and strong capital spending lifted March quarter GDP to an annual rate of 5.9% in Japan. Stocks declined on stronger yen and weaker than expected earnings.

Australian Dollar Firm, Westfiled Comparable Sales Rise 4%

Marcus Jacob
15 May, 2014
New York City

Australian dollar traded firm near its recent high after investors digested latest federal budget. A pick up in trading in small caps lifted trading volume hear the high of the year so far. Auckland Airport plans for traffic boost from China this summer.

India Movers: Apollo Tyres, Adani, Bajaj Auto, BOI, Tata Steel, Tech Mahindra

Mukesh Buch
15 May, 2014
New York City

Apollo Tyres net surged 99%. Adani Ports net tumbled 25% while revenue climbed 19%. Bajaj Auto profit slid while sales barely rose 3%. Bank of India net plunged 26%. L.G.Balakrishnan profit climbed 54%. Tata Steel net swung to profit. Tech Mahindra net declined 39%.

Coty, Kate Spade, Macy's Climb; Fossil, URS Decline

Mukesh Buch
14 May, 2014
New York City

Coty net swung to a loss. Deere & Co net and total sales declined 10%. Fossil profit dropped 8% but revenue soared 14%. Kate Spade net swung to profit on sales increase 33%. Macy''s profit net jumped. Pinnacle Foods net soared 64%. URS net tumbled 63%.

U.S. Stocks in 2-day Decline, PPI Rises 0.6%

Nichole Harper
14 May, 2014
New York City

Stocks in New York declined for the second day after indexes reached to new highs. Wholesale price increase in April was the largest rise since September 2012, diminishing the risk of deflation. Market indexes in Europe dipped on renewed violence in Ukraine.

Investors in Japan Focus on Earnings; Sony, Daifuku, Mizuho Rise

Hiruki Nakamura
14 May, 2014
New York City

Investors turned cautious in Japan and the yen weakened and trading volume stay below 30-day average. Sony reported annual revenues increased 14% and swung to a loss. Mizuho Financial annual net increased 23%.

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