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Alcoa Net Swings to Loss, IHS Net Jumps 50%

Mukesh Buch
12 Jan, 2016
New York City

Alcoa net swung to a loss aluminium maker estimated global demand to rise in the year. IHS profit soared 50%. Team net tumbled 34% despite revenues soared 17%. VOXX International net and revenues declined.

Sensex Falls 0.4% on China Jitters, Rupee Edges Lower

Sarla Buch
11 Jan, 2016
New York City

Tata Motors said Jaguar Land Rover December sales jumped 5%. Anil Ambani-led Reliance Group and Andhra Pradesh state government agreed to set up a defence manufacturing unit with an initial investment of $800 million.

Euro Weakens, Continental Forecasts Growth to Fall to 5%

Lucy Stoeva
11 Jan, 2016
New York City

European markets closed higher after a volatile session and another day of sell-off in Shanghai. The European Commission ruled that 35 multinational companies will have to pay additional taxes of

Shire to Acquire Baxalta for $32 B, Apollo Education Soar

Mukesh Buch
11 Jan, 2016
New York City

Baxalta agreed to be acquired by Shire for $32 billion. Apollo Education net swung to a loss. Schulman profit tumbled 61%. Arch Coal tumbled after filing for chapter 11 bankruptcy protection. IHS agreed to acquire Oil Price Information Service for $650 million.

FedEx Wins European Approval for TNT; Acuity Brands, PriceSmart Fall

Mukesh Buch
08 Jan, 2016
New York City

Acuity Brands net jumped 34%. Bed Bath & Beyond profit tumbled 21%. FedEx won a regulatory approval to acquire TNT Express. PriceSmart net soared 15%. Synnex net advanced 9%. WD-40 net jumped 12%.

European Markets Stabilize On Shanghai Rebound

Lucy Stoeva
08 Jan, 2016
New York City

Stock in Europe moved higher on Friday but market indexes registered losses weekly losses of as much as 6%. German industrial production declined 0.3% in November, while the U.K. trade deficit narrowed. Glencore wins antitrust court ruling in the U.S.

Chipotle Lower Earnings Estimates, Walgreens Net Rises 31%

Mukesh Buch
07 Jan, 2016
New York City

Constellation Brands net surged 22%. Chipotle lowered earnings per share forecast for the fourth-quarter. Costco comparable store sales in December rose 1%. Finish Line net swung to a loss. Honeywell agreed to acquire the remaining 30% stake in UOP Russell. Walgreens net soared 31%.

Nikkei Extends Weekly Losses to 6.6% on Shanghai Trading Halt

Hiruki Nakamura
07 Jan, 2016
New York City

Nikkei average in Tokyo declined 2.3% and extended weekly losses to 6.6% after a surprise devaluation in China put investors on guard. Shanghai stock trading was halted for the second day this week after the index dropped 7% in the first 29 minutes of trading.

European Markets Drop 2% on China Trading Halt and Devaluation

Lucy Stoeva
07 Jan, 2016
New York City

European markets dropped 2% after China let yuan drop further and faster. The euro zone unemployment fell to 10.5% in November, the lowest level in four years. Marks & Spencer said chief executive plans to retire in 2016. Jewelry retailer and maker Pandora said 2015 revenues increased 40%.

Surprise Devaluation in China Knocks Down Sensex and Asian Markets

Sarla Buch
07 Jan, 2016
New York City

Sensex in Mumbai declined after markets in Asia plunged between 2% and 3%. Markets in Asia fell after China allowed its currency to fall further and faster. The central government of India plans to sell its $1.3 billion stake in Axis Bank.

Nikkei Extends Weekly Losses on Global Growth Worries

Hiruki Nakamura
06 Jan, 2016
New York City

Nikkei in Tokyo extended weekly losses and the yen advanced on the rising geopolitical tensions and the increased global growth worries. The delivery services provider Ait Corp eased after revenues in the third quarter slipped 1.3%.

Sensex Extends 3-Day Losses, Rupee Nears Record Low

Sarla Buch
06 Jan, 2016
New York City

Philips Morris may acquire a controlling stake in Godfrey Philips India. Bank of India allotted shares to Life Insurance Corporation. L&T said its construction unit won orders for about ₹2,871 crore. SEBI banned Valecha Engineering and its promoters for three year from capital markets.

Delta Air December Traffic Up, Sonic Net Rises 24%

Mukesh Buch
06 Jan, 2016
New York City

Delta Air Lines said passenger traffic in December rose and revised fares higher in 2016. Monsanto net swung to a loss. MSC Industrial net declined 4%. Sonic fell despite revenues and earnings top estimate and estimated net to increase between 16% and 20%.

European Markets Fall 2% on Global Growth Worries

Lucy Stoeva
06 Jan, 2016
New York City

European stocks were sharply lower Wednesday on concerns about the global economic growth. The services PMI in China dropped to a 17-month low in December. Electricite de France SA may record about

Yen Advances as China Pumps More Liquidity

Hiruki Nakamura
05 Jan, 2016
New York City

Nikkei in Tokyo eased and the yen advanced as volatility gripped markets in Shanghai, Tokyo and Mumbai. Crude oil drifted lower and the yen gained after central bank in China pumped additional liquidity to financial system.

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