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India Movers: TCS Net Soars, RIL Refining Margin Shrinks

Mukesh Buch
15 Oct, 2013
New York City

Bajaj Corp profit dropped and sales climbed. Fortis Health sold its 6% stake Hong Kong subsidiary to Bupa for $355 million. HDFC Bank and IndusInd Bank profit soared. RIL profit rose 1.5% on weak refining margin and 15% increase in sales. TCS profit jumped.

U.S. Movers: ADT, Expedia, Fair Isaac, Netflix, St. Jude Medical, Whirlpool

Mukesh Buch
14 Oct, 2013
New York City

ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.

U.S. Politicians Dither as Default Looms, World Markets Grow Anxious

Nichole Harper
14 Oct, 2013
New York City

U.S. market indexes traded lower as the debt default date approaches and rating agencies remain quiet. The dollar eased and credit default swaps on U.S. Treasuries rose to 39 basis points. European markets trade lower in cautious trading.

Europe Earnings: Dassault Systemes, Lok'n Store, Peugeot, Telefonica

Nigel Thomas
14 Oct, 2013
New York City

Dassault Systemes revenue jumped 4% to

China's Exports Fall 0.3%, Inflation Accelerates to 3.1%

Hiruki Nakamura
14 Oct, 2013
New York City

Trade surplus in September month declined as exports rose less than expected and imports surged on higher commodities prices and volumes. In addition, China said inflation picked up in September.

Australian Dollar Gains, Home Loan Approvals Fall

Marcus Jacob
14 Oct, 2013
New York City

Australian stocks declined as world investors turned their focus to the U.S. political stalemate. In addition, China reported weaker than expected exports data and inflation picked up in September. Australian home loan approvals also fell.

Wall Street Extends 2-Day Rally on Debt Deal Hopes

Nichole Harper
11 Oct, 2013
New York City

Market indexes extended rally for the second day in a row in New York on the debt deal and government funding hopes. White House rejected the latest short term debt ceiling revision proposal and the federal government is closed for the eleventh day.

U.S. Movers: Infosys, JPMorgan, Micron Tech, SolarCity, Wells Fargo

Mukesh Buch
11 Oct, 2013
New York City

Infosys profit declined 11% but revenue climbed 15%. JPMorgan net swung to a loss on legal charges as revenue dropped 8%. Micron Tech swung to a profit $1.71 billion. SolarCity surged after fiscal outlook. Wells Fargo net surged 13% and revenue dropped 3%.

Europe Earnings: Gem Diamonds, Lloyds Bank, Royal Mail, Swedish Match

Nigel Thomas
11 Oct, 2013
New York City

Gem Diamonds sold rare 12.47 carat blue diamond and 82 carat white diamond for a total of $7.5 million. Lloyds Bank sold its Australian operations to Westpac Banking of nearly

Tokyo Leads Asian Rally, Fast Retailing Net Surges 26%

Hiruki Nakamura
11 Oct, 2013
New York City

Stocks in Tokyo and in Asian markets closed higher following a rise in New York trading. The yen weakened. The Nikkei gained the most in three months. Fast Retailing dropped 3% after it estimated lower than expected fiscal year net income.

Australian and Asian Market Follow New York Market Gains

Marcus Jacob
11 Oct, 2013
New York City

Market indexes in Australia gained following a surge in stocks in New York. Resource and bank stocks led the advance. For the week, the ASX index gained 0.3%. Dexus Property Group proposes $2.3 billion buyout for the remaining stake in Commonwealth Property Fund.

Hopeful Investors Bid Up U.S. Stocks, Leaders Meet to Discuss Short Term Plan

Nichole Harper
10 Oct, 2013
New York City

U.S. market indexes soared as hopeful investors pinned hopes on a speedy resolution to the government stalemate. Republican leaders and President Obama met this afternoon to discuss a proposal to increase short term debt limit but keep the government closed.

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