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U.S. Stocks Struggle as Debt Ceiling Talks Drag, New Home Sales Rise

Nichole Harper
25 Sep, 2013
New York City

U.S. stocks shrugged off early weakness and rebounded after falling for three days in a row as lawmakers debate terms of debt ceiling limit. U.S. Treasury Secretary estimated government cash will drop to $50 billion in three weeks.

U.S. Movers: AutoZone, Applied Materials, Clovis, Carnival, Stryker

Mukesh Buch
25 Sep, 2013
New York City

AutoZone net surged. Ascena Retail surged after profit climbed on higher sales. The merger between Applied Materials and Tokyo Electron will create the largest chipmaker with $29 billion in sales. Clovis plunged. Carnival net plunged 30%. Stryker agreed to acquire MAKO Surgical for $1.65 billion.

Tokyo Stocks Slide Ahead of Sales Tax Decision

Hiruki Nakamura
25 Sep, 2013
New York City

Stocks in Tokyo eased ahead of sales tax decision by prime minister next week. Tokyo Electron agreed to be acquired by Applied Materials in all stock deal valued at $7 billion. Electronics and auto makers led the decliners in Tokyo trading today.

Europe Earnings: Airbus, Centrica, ICAP, Nordea Bank, Thyssenkrupp

Nigel Thomas
25 Sep, 2013
New York City

Airbus secured two orders worth $4.2 billion from a startup airline in China. Centrica will write-off nearly

Applied Materials and Tokyo Electron in $7 Billion Deal

Devan Biswas
25 Sep, 2013
New York City

Applied Materials agreed to acquire Tokyo Electron Limited for $7 billion in a largest cross-border deal for a Japanese company in six years. The fast consolidating chip making industry is suffering from falling demand and rising R&D costs.

Australian Stocks Rebound from 3-Day of Losses, David Jones Net Falls

Marcus Jacob
25 Sep, 2013
New York City

Australian stocks rebounded after declining for three days. Reserve Bank of Australia in its half-year review said home owners not to expect the repeat price gains in the last decade. David Jones reported a less than expected decline in profits.

Europe Earnings: Burckhardt, Close Brothers, Rosneft, Telefonica, Suedzucker

Nigel Thomas
24 Sep, 2013
New York City

Burckhardt expects sales for the year to surge 20% but profit margin is expected to fall below estimates. Close Brothers net soared 20% to

U.S. Movers: Agilent Technologies, Cintas, Darden, Tibco Software

Mukesh Buch
20 Sep, 2013
New York City

Agilent plans to split into two publicly traded companies. Cintas net barely rose 1% after revenue climbed 7%. Darden Restaurants declined 37% as same-restaurant Sales in the quarter. Tibco Software profit plunged 18%.

Europe Earnings: adidas, BrainJuicer, Daimler, Direct Line, LVMH

Nigel Thomas
20 Sep, 2013
New York City

adidas lowered its profit estimate for the year. BrainJuicer stock jumped after profit surged 81%. Daimler expects second-half sales to be ahead of comparable period a year ago. RBS sold its 20% stake in Direct Line Insurance for

U.S. Movers: ConAgra, Clarcor, IHS, Oracle, Pier 1, Rite Aid, Scholastic

Mukesh Buch
19 Sep, 2013
New York City

ConAgra net tumbled 42% but revenue surged 27%. Clarcor profit slipped 5% and IHS net declined 47% and revenue soared 25%. Oracle net climbed 8%. Pier 1 net plunged 32% and Rite Aid net swung to profit. Scholastic said net in the quarter narrowed.

Europe Earnings: Asos, Booker, Lufthansa, Rolls-Royce, Swatch

Nigel Thomas
19 Sep, 2013
New York City

Asos said total sales surged 47% to

Europe Earnings: Alstom, Exillon, JD Sports, Inditex, Redrow, Smiths Group

Nigel Thomas
18 Sep, 2013
New York City

Alstom cuts forecast and secured contract worth

U.S. Movers: Adobe, Cracker Barrel, FedEx, General Mills, GM, Safeway

Mukesh Buch
18 Sep, 2013
New York City

Adobe net tumbled 7% as revenue dropped 8%. Cracker Barrel slid 1% and revenue and comparable sales jumped. FedEx net soared 7% and increase the rates. General Mills profit declined 16% but sales rose 8%. U.S. Treasury sold additional stake in GM to 7.3%.

U.S. Movers: Aeropostale, Cvent, FactSet Research, Outerwall

Mukesh Buch
17 Sep, 2013
New York City

Aeropostale surged after activist investor increased its stake of 8%. Cvent said quarterly net swung to a loss but revenues climbed 36%. FactSet Research net climbed 28% to $51 million. Outerwall plummeted after the company lowered its third quarter outlook.

Europe Earnings: Barclays, Debenhams, Investec, IG Group, Lloyds, Schaeffler

Nigel Thomas
17 Sep, 2013
New York City

Barclays fined

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