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S&P 500 and DAX Down on Growth Worries and Lackluster Earnings

Nichole Harper
27 Oct, 2015
New York City

Indexes on Wall Street remained in consolidation phase as more companies announce earnings. Durable spending declined for the second month in a row in September, raising the prospect of a sharp slowdown in the U.S. economic growth. Walgreens agreed to acquire Rite Aid for $9.4 billion in cash.

Walgreens to Buy Rite Aid; Ford, Merck Net Soar, Comcast, Pfizer Net Drop

Mukesh Buch
27 Oct, 2015
New York City

Walgreens is in talk to acquire Rite Aid. Cisco agreed to acquire privately held Lancope. Alibaba net jumped. Bristol-Myers net fell 2%. Comcast profit plunged. Du Pont net plummeted 46%. Ford net more than doubled. Pfizer net plunged 20%.

Nippon Life and National Australia in Deal Talk, Seven & I Jump

Hiruki Nakamura
27 Oct, 2015
New York City

Nippon Life nearing a deal to acquire life insurance business of National Australia Bank Ltd. Seven & I Holdings jumped after a U.S. based activist investor takes a stake in the retailer. Shin-Etsu reported domestic silicone capacity expansion plan.

Australian Index Lack Direction; Harvey Norman, Beach Energy in Focus

Marcus Jacob
27 Oct, 2015
New York City

Australian market indexes closed down in thin trading and energy and resource stocks led the decliners. Harvey Norman said quarterly sales increased 6.1%. Beach Energy said quarterly sales declined 15%.

Sensex in India Falls 0.4%; Maruti, Alembic, Axis Bank Net Jump

Mukesh Buch
27 Oct, 2015
New York City

Maruti Suzuki, the largest automaker said quarterly profit soared 42% on 13% increases in revenues. Alembic profit jumped but Lupin profit declined. Axis Bank and State Bank of Mysore profit surged. Blue Star net swung to a loss.

BP, Novartis Net Tumble; BASF Net Surges, Aixtron Net Loss Narrows

Nigel Thomas
27 Oct, 2015
New York City

BP profit tumbled and plans for lager cost cuttings through 2017. BASF profit surged 19% but revenues declined 5%. Novartis profit plunged 42% on 6% drop in revenues. Aixtron net loss narrowed. Air Liquide revenues in third-quarter soared 8%.

S&P 500 Index Consolidates as Oil Price Falls and Apple Weighs

Nichole Harper
26 Oct, 2015
New York City

Market indexes were in consolidation after the S&P 500 index rose 7.9% in the month so far. Weak third-quarter trading was largely overcome in the last three weeks as tech and large caps lead the gainers.

Sensex in India Drops on Slower Revenue Growth at Bharti and HDFC

Mukesh Buch
26 Oct, 2015
New York City

Bharti Airtel, the largest wireless carrier said quarterly profit rose 10%. Asian Paints net advanced 12%. Godrej Consumer net soared 22%. HDFC net jumped 18% on 12% increase in revenues. L&T Finance net surged 19%. Rallis India net declined 22%.

China Rate Cut Fuels Another Advance in Nikkei; Hitachi Soars

Hiruki Nakamura
26 Oct, 2015
New York City

Nikkei average in Tokyo closed at a 2-month high after China lowered its rate in a surprise move and ECB offered to do more to support lending. The moves by two central banks stoked speculation of additional stimulus steps from the Bank of Japan. Hitachi and Panasonic surged on stronger earnings.

Australian Indexes Lose Steam, Blue Scope Acquires Cargil Stake

Marcus Jacob
26 Oct, 2015
New York City

Australian market indexes struggled to hold on to the higher opening and closed down. Bank of Queensland priced its $550 million floating rate loan at 115 basis points premium to 3-month bank bill swap rate. Ten Network Holdings reported annual net loss of $312 million.

Philips Net Swings to Profit, TNT Express Net Loss Narrows

Nigel Thomas
26 Oct, 2015
New York City

Philips net swung to profit on 13% increase in revenues and reaffirmed to spin-off its Lighting unit in the first-half in 2016. Peugeot revenues jumped 3%. Standard Chartered plans to closed equity derivatives and convertible bonds businesses. TNT Express net loss narrowed.

Duke Energy, Pep Boys, Western Refining Deals, Xerox Swings to Loss

Mukesh Buch
26 Oct, 2015
New York City

Duke Energy agreed to acquire Piedmont Natural Gas for $4.9 billion. Pep Boys agreed to be acquired by Japan-based Bridgestone. General Atlantic agreed to acquire 21.6% stake in India-based IIFL. Laboratory Corp net soared 11%. Roper profit jumped 3%. Xerox net swung to a loss.

U.S. Tech Stocks and China Rate Cut Power Global Rally

Nichole Harper
23 Oct, 2015
New York City

Tech stocks powered rally on Wall Street and the market move was amplified after China offered a rate cut ahead of a meeting of senior leaders in Beijing. Amazon, Alphabet, Microsoft and American Airlines reported better-than-expected earnings.

Nikkei Rebounds to Two-Month High and Yen at One-Month Low

Hiruki Nakamura
23 Oct, 2015
New York City

Nikkei average shot up near two-month high and the yen declined to one-month low after the European Central Bank kept its easing bias. Exporters and financials led the gainers in a broad rally. Kao Corp rose on higher annual sales outlook.

Australian Indexes Advance, Qantas Redeploys Western Assets

Marcus Jacob
23 Oct, 2015
New York City

Australian market indexes closed higher and the ASX 200 index jumped 1.5% for the week. Qantas Airways plans to reduce capacity and adjust cost base in Western Australian market as the mining boom unwinds. OZ Minerals lifted copper production outlook.

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