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Nikkei Drops 1.1% on Weak Energy Stocks

Hiruki Nakamura
13 Oct, 2015
New York City

Nikkei average in Tokyo dropped more than 1% and the yen gained. On the weakness in crude oil prices, energy stocks led the market selloff after investors returned from a three-day holiday weekend. Inpex Corp and Japan Petroleum led the decliners.

Wausau Agreed to be Acquire by Sweden-based SCA, JNJ Profit Declines

Mukesh Buch
13 Oct, 2015
New York City

Wausau Paper agreed to be acquired by Sweden-based SCA. Dollar Tree plans to re-brand its Deals stores. Fastenal net increased. Johnson & Johnson profit tumbled 20% on 7% decline in revenues. PrivateBancorp net jumped 12%.

SABMiller Agrees to Merger with AB Inbev, U.K. Sells Royal Mail Stake

Nigel Thomas
13 Oct, 2015
New York City

Aixtron plunged 14% on lowered revenues outlook. Leoni tumbled 33% on weaker than estimated operating profit. The U.K. government sells its remaining 14% stake in Royal Mail. SABMiller agreed to merge with Anheuser Busch. SAP third-quarter revenues surged 17%.

TCS Net Jumps 15%, Rupee Drifts Near Record Low

Mukesh Buch
13 Oct, 2015
New York City

TCS, the largest software services provider in India said net in the second-quarter soared 15%. DCB Bank slipped 10% but revenues surged 32%. ABB India secured an order to strengthen power grid in India. Japan-based Nippon Life Insurance signed an agreement to increase its stake to 49% in the RCap.

Wall Street Pauses As Banks Dominate Busy Earnings Calendar

Nichole Harper
12 Oct, 2015
New York City

Stocks on Wall Street paused as investors turned cautious ahead of earnings this week from mega cap and banking stocks. Eli Lilly suffered the largest single-day drop since 2009 after it canceled an experimental drug. Energy stocks fell after oil declined 2%.

Australia Halts Five-Day Rally, Glencore Asset Sale Weighs

Marcus Jacob
12 Oct, 2015
New York City

Australian market indexes declined after a five-day rally. In light trading, market indexes turned lower on weak resource stocks. Gold traded at a seven-year high. Glencore looks for more asset sale and use proceeds to lower debt.

Dell to Buy EMC for $67 B, VMware Plunge

Mukesh Buch
12 Oct, 2015
New York City

Boeing agreed to acquire the Germany-based Peters Software. Dell agreed to acquire EMC for about $67 billion. PTC agreed to buy Vuforia from Qualcomm. Staples agreed to extend the review period for Office Depot. VMware plunged on weak forecast.

AB Inbev Lifts SABMiller Offer Fourth Time in a Week

Nigel Thomas
12 Oct, 2015
New York City

AB Inbev revised its proposal to acquire SABMiller to

Sensex in India Falls 0.7%; Infosys Net Jumps 12%

Mukesh Buch
12 Oct, 2015
New York City

Infosys said net in the quarter jumped 12% on 9% increases in revenues. Tata Steel said September crude steel production increased 9%. Hindustan Construction secured a contract from nuclear recycle plant of BARC at Tarapur near Mumbai.

With Earnings in Focus S&P 500 Flirts with Best Weekly Gain in 2015

Nichole Harper
09 Oct, 2015
New York City

Market indexes on Wall Street lacked direction and the S&P 500 index hovered near the best weekly gain this year. Investor focus will turn to earnings as large banks are scheduled to announce results next week. American Airlines and United Continental led the airline stocks on strong forecasts.

Ferrari to Launch IPO, Roche Agrees to Acquire Adheron

Nigel Thomas
09 Oct, 2015
New York City

Fiat Chrysler plans to spin off Ferrari in a public offering and valuing the luxury automaker at

UTi Worldwide Surges; Alcoa, Gap, Ruby Tuesday Tumble

Mukesh Buch
09 Oct, 2015
New York City

Alcoa net plunged 71% on 11% decline in revenues. American Airlines total revenue passenger miles in September jumped 7.2%. Electro Rent net tumbled 48%. LDR tumbled despite higher revenues forecast. UTi Worldwide surged and agreed to be acquired by Denmark-based DSV.

Nikkei Leads Asia-wide Rally; Ichigo, Meiko Netowrk and Usen in Focus

Hiruki Nakamura
09 Oct, 2015
New York City

Nikkei average in Tokyo closed higher following the market advance in New York. For the week, the Nikkei increased 3.9%. Ichigo, the real estate developer lifted annual revenues outlook. Meiko Network, the college preparatory services provider said annual revenues soared 21%.

Broad Rally in Austalian Extends Weekly Gains

Marcus Jacob
09 Oct, 2015
New York City

Australian market indexes jumped 1.3% and extended weekly surge to 4.4%. The new home loan approvals in August rose less-than-expected 2.9% following the downwardly revised decrease of 0.3%. Macquarie Group completed $400 million stock offering to institutional investors.

Weekly Surge of 3.1% in Sensex, Tata to Build Assembly Plant in Slovakia

Mukesh Buch
09 Oct, 2015
New York City

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