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Australian Markets Participate in Asian Rally

Marcus Jacob
10 Sep, 2013
New York City

Australian stocks closed higher and business confidence index gained in anticipation of election results. Tabcorp won an extension of a gambling license for 20 years. Santos acquired 60% stake in a wet gas project and committed investment to accelerate commercialization.

Europe Earnings: Ashmore, Glencore, Jaguar, Neste Oil, Whitbread

Nigel Thomas
10 Sep, 2013
New York City

Ashmore jumped after fiscal year update. Amiad Water dropped after profit slid. Glencore raised its estimate of synergies to $2 billion from Xstrata takeover. Jaguar plans to invest

Neiman Marcus in $6 Billion Deal, Molex Accepts $7.2 Billion Bid

Nichole Harper
09 Sep, 2013
New York City

Market indexes in New York gained after three large deals were announced today. Neiman Marcus agreed to be sold for $6 billion. Billionaire Koch Brothers agreed to buy Molex for $7.2 billion. Glaxo sold its nutrition drinks business to Japan based Suntory for

U.S. Movers: AEP Ind, Delta Air Lines, Hi-Tech Pharmacal, Hovnanian, Koch

Mukesh Buch
09 Sep, 2013
New York City

AEP Industries net tumbled 85%. Delta Air Lines to replace BMC Software in the S&P 500 index. Hi-Tech Pharmacal profit declined 24%. Hovnanian net plunged 76%. Koch will acquire Molex for $7.2 billion in cash. Stewart Enterprises net dropped 14%.

Nikkei Soars 2.5%, Tokyo to Host 2020 Olympic Games

Hiruki Nakamura
09 Sep, 2013
New York City

Nikkei index in Tokyo soared after Tokyo was selected to host summer 2020 Olympic Games. Real estate companies led the advance of 2.5% in the Nikkei. Japan revised higher second quarter economic growth to an annual rate of 3.8% and the yen declined 0.6%.

Europe Earnings: BG Group, Christian Dior, Glaxo, IGas, Munich Re

Nigel Thomas
09 Sep, 2013
New York City

BG Group declined after energy explorer lowered 2014 production estimates. Christian Dior may buy back as much as 550,000 shares. Epistem plunged 17% on weak fiscal outlook. Glaxo sells its two brands to Japan based Suntory Beverage for

Australian Stocks Close Higher, Labor Party Voted Out

Marcus Jacob
09 Sep, 2013
New York City

Australian stocks participated in a regional rally a day after the nation elected new party and a new leader to govern the nation. Australian dollar was firm and business leaders voiced optimism about the scraping of carbon tax. Total home loans issued increased 2% in July.

U.S.Labor Data Signals Jobless Recovery, Syria Skepticism Persists

Nichole Harper
06 Sep, 2013
New York City

U.S. indexes advanced after choppy trading. U.S. employers added 169,000 net new jobs in August but June and July monthly increase were revised lower. Unemployment rate fell to 7.3%. World leaders are skeptical about the U.S. allegations and military strike preparations.

U.S. Movers: Finisar, Hurco, Mattress Firm, VeriFone, UTi Worldwide

Mukesh Buch
06 Sep, 2013
New York City

Finisar net surged as revenue jumped 21%. Hurco sales dropped 10% and profit tumbled 78%. Mattress Firm profit jumped 5% and Piedmont Natural Gas net loss narrowed 50%. Smithfield Foods net plunged 36% but sales climbed 10%. VeriFone net swung to a loss.

Nikkei Drop of 1.5% Trims Weekly Rise to 3.5%

Hiruki Nakamura
06 Sep, 2013
New York City

Stocks in Tokyo gained and the Nikkei index declined 1.5% and gained 3.5% in the week. Construction companies and real estate developers led the decliners after surging as much as 45% in the year on the jitters that Tokyo may not be selected to host 2020 Olympic Games.

Europe Earnings: Air France, Gable Holding, ProSiebenSat 1, Tullow

Nigel Thomas
06 Sep, 2013
New York City

Air France said August traffic climbed 4.9%. Gable Holding profit in first-half jumped 10% as revenue surged 77%. Telegraaf Media sold entire stake of ProSiebenSat 1 Media for

Tough Road for Labor in Saturday's Election in Australia

Marcus Jacob
06 Sep, 2013
New York City

Australian stocks closed higher ahead of national election scheduled on Saturday. Governing Labor Party is lagging in opinion polls and nearly 15 million people are eligible to vote. Australia is facing a waning mining boom and rising government deficit.

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