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Europe Earnings: Cineworld, H & M Hennes, Oriflame, Zurich Insurance

Nigel Thomas
15 Aug, 2013
New York City

Cineworld profit surged as sales soared 22%. H & M Hennes said comparable sales in July slid 1%. Oriflame Cosmetics plunged 27%. Ophir Energy net loss in the first-half narrowed. Zurich Insurance profit slid 17% to $1.85 billion.

Market Indexes Extend Decline on Cautious Economic Outlook

Nichole Harper
14 Aug, 2013
New York City

U.S. indexes traded lower and wholesale price index was unchanged in July and core price index increased 0.1%. Gold price increase 0.9%. Apple Inc extended 3-day rally to 11% after Carl Icahn announced a stake of $1 billion. Steinway Musical agreed to go private for $512 million.

Tokyo Indexes Advance on 2% Decline in Yen, Real Estate Developers in Focus

Hiruki Nakamura
14 Aug, 2013
New York City

Market indexes in Tokyo increased for the second day in a row. The yen declined 2% and traded above 98 against one dollar. Recruit Holdings acquired the largest executive search company in India. Australian franchise of Domnio

Australian Wage Index Up 0.7%; Commonwealth Bank, CSL, Carsales Net Up

Marcus Jacob
14 Aug, 2013
New York City

Australian indexes closed lower in below average trading. Wage price index increased 0.7% in the second quarter to June and rose 3% from a year ago. Carsales.com Limited lifted its annual profit outlook by 17%. CSL Limited first-half net increased 19%.

U.S. Movers: Cree, Deere, Macy

Mukesh Buch
14 Aug, 2013
New York City

Cree net and revenue surged. Deere net soared 52%. Macy

Europe Earnings: BMW, Interservec, Rentokil, Thyssenkrupp

Nigel Thomas
14 Aug, 2013
New York City

BMW climbed 9% to

India Movers: BPCL, Escorts, Essar, HDIL, SAIL, Tata Steel, Tata Motors

Mukesh Buch
14 Aug, 2013
New York City

BPCL net swung to profit. Escorts net surged and sales climbed. Essar Oil quarterly loss narrowed. HDIL net and revenue plunged but LIC Housing net and revenue jumped. SAIL net declined 35% as revenue dropped. Tata Steel net soared 91%. Tata Motors net plunged 23%.

U.S. Challenges American-U.S. Air Merger, Ackman Quits Penney Board

Nichole Harper
13 Aug, 2013
New York City

U.S. indexes reversed early losses. Retail sales gained for the fourth month in a row. Bill Ackman resigned from J.C. Penney

Nikkei Soars 2.6% on Weaker Yen and of Lower Corporate Tax Rate Prospect

Hiruki Nakamura
13 Aug, 2013
New York City

Nikkei index in Tokyo traded surged 2.6% on the speculation that Prime Minister Shinzo Abe may cut corporate tax rate. The yen edged 0.7% lower. June core machinery orders fell less than expected 2.7%.

Australian Indexes Advance, Domino's to Acquire Japanese Unit

Marcus Jacob
13 Aug, 2013
New York City

Australian stocks closed higher on the back of a surge in banking and resources stocks. The pizza delivery company Domino

U.S. Movers: Buckeye, Flowers Foods, InterOil, Insys, Sina, Valspar

Mukesh Buch
13 Aug, 2013
New York City

Buckeye net plunged 36%. Flowers Foods profit surged 64% as sales soared 32%. InterOil net loss in the quarter narrowed. Sina said net in the quarter swung to a loss. Valspar net edged up. USA Compression net surged to $2.4 billion.

Europe Earnings: Domestic & General, E.ON, EnQuest, GAM, Resolution

Nigel Thomas
13 Aug, 2013
New York City

Domestic & General agreed to be acquired by CVC Capital in

India Movers: Hindalco, HCL, IOC, M&M, ONGC, United Bank

Mukesh Buch
13 Aug, 2013
New York City

Hindalco net climbed but revenues slid. HCL net and sales plunged. IOC net loss narrowed. Mahindra & Mahindra combined net jumped 17%. Nitin Fire profit slid 34% but revenue grew 4%. ONGC net tumbled 34% on higher subsidy discount.

Stocks on Wall Street Slide, Dole Food in $1.6 Billion Deal

Nichole Harper
12 Aug, 2013
New York City

U. S. stocks eased and investors looked ahead to the release of U.S. Treasury deficit later in the day and retail sales data tomorrow. BlackBerry formed a special committee to explore strategic alternatives. Dole Food Company agreed to go private for $1.6 billion.

U.S. Movers: Campbell Soup, Dole Food, Pinnacle Foods, Rockwell, Sysco

Mukesh Buch
12 Aug, 2013
New York City

Campbell Soup plans to sell its European business. Dole Food agreed to private for $1.6 billion. Pinnacle Foods agreed to buy Wish-Bone salad for $580 million in cash. Rockwell agreed to acquire Arinc for $1.4 billion.

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