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India Awards More Highway Contracts, Rupee Drifts Lower

Mukesh Buch
24 Sep, 2015
New York City

Road builders were in focus in Mumbai after the government agency awarded more contracts. Hindustan Construction Co. received contract from National Highways Authority of India for $300 million. Larsen & Toubro plans to sell asset.

Accenture Net Jumps; Caterpillar, KB Home Declines, Worthington Surges

Mukesh Buch
24 Sep, 2015
New York City

Accenture net jumped and lifted revenues growth forecast. Caterpillar lowered revenue forecast. KB Home net declined 18% while revenues soared 43%. Korn-Ferry agreed to acquire Hay Group for $452 million. Scholastic net loss widened. Steelcase profit soared 22%. Worthington net tumbled 29%

H&M Revenues Soars, Ryanair to Return Stake Sale Proceeds

Nigel Thomas
24 Sep, 2015
New York City

Hennes & Mauritz profit edged up but revenues soared 19%. Ryanair plans to return the

U.S. Stocks Meander, DAX in Germany Plunges 3% as VW Scandal Widens

Nichole Harper
23 Sep, 2015
New York City

Stocks in New York and Europe lacked direction and commodities bounced around with a downward drift as investors start looking ahead to earnings. German stock index plunged 3% as Volkswagen Scandal widened and CEO resigned.

Boeing Receives Contracts from China and India

Mukesh Buch
23 Sep, 2015
New York City

Boeing received an order for 300 jets aircraft from three Chinese firms and military contract from India. Biomed Realty Trust is in talks to go private. Copart profit soared 12%. Citrix Systems is negotiating to go private led by Elliott Management buyout.

Sensex in India Gains as Volatile Emerging Markets Look Beyond Fed

Mukesh Buch
23 Sep, 2015
New York City

Sensex in Mumbai jumped 0.7% despite the persistent selling of stocks in emerging markets by foreign investors. Pfizer plans to sell its plant in Thane, Maharashtra to Gujarat-based Vidhi Research and Development for ₹178 crore. Pidilite plans to expand its business in the Asian and African Markets.

Swiss Re in

Nigel Thomas
23 Sep, 2015
New York City

Axel Springer plans to buy online publication Business Insider for $500 million. BBA Aviation agreed to buy Landmark Aviation for $2.07 billion. Smiths Group profit soared 6% to

Australian Indexes Dive on Weakest Chinese Manufacturing Growth in 6 Years

Marcus Jacob
23 Sep, 2015
New York City

Australian market indexes plunged more than 2% led by another sharp fall in resource sector after the Chinese manufacturing sector growth contracted at the fastest pace since the depth of financial crisis in 2008. Nufarm gained after the agro-chemicals maker reported net annual income increased 15%.

With Fed Playing Indecisive, S&P 500 and Emerging Markets Dive

Nichole Harper
22 Sep, 2015
New York City

Market indexes across Atlantic dropped more than 1% on the potential that the Fed may push rate hike until next year. Dollar traded at a 2-week high. Commodities extended monthly loss with copper and other base metal reaching monthly lows.

AutoZone Jumps; Carnival, ConAgra, CarMax, Red Hat, Thor Drop

Mukesh Buch
22 Sep, 2015
New York City

AutoZone revenues and profit jumped. Carnival net and sales fell but lifted fiscal earnings outlook. ConAgra net swung to a loss. CarMax net surged 12%. Darden Restaurants lifted fiscal earnings outlook. General Mills net surged 24%. Red Hat profit jumped 9%.

Volkswagen Sets Aside

Nigel Thomas
22 Sep, 2015
New York City

AA net swung to a loss of

Sensex in India Drops 2.1% as Emerging Markets Sell Off

Mukesh Buch
22 Sep, 2015
New York City

Market indexes in Mumbai dropped more than 2% following another day of sell off in emerging markets. Foreign investors sell off continues in the second week totalling $3 billion. Hindalco plans to sell its copper mine in Australia.

Directionless U.S. and European Markets Focus on Global Economic Slowdown

Nichole Harper
21 Sep, 2015
New York City

Stocks on Wall Street lacked direction and worried investors focused on the global economic slowdown after the Fed relegated rate hike later in the year, if at all. European markets brace for more volatile times after the reelection of Syriza party led government in Greece.

American Express, Lennar Rise, Tribune Drops 2%

Mukesh Buch
21 Sep, 2015
New York City

Apple hopes the latest worldwide launch of smart phones may accelerate earnings growth in the last quarter. American Express reaffirmed earnings outlook for two fiscal years. Lennar profit and revenues surged. Steel Dynamics lowered earnings per share forecast.

VW Plunges 20% After U.S. Accuses Emission Violations

Nigel Thomas
21 Sep, 2015
New York City

Volkswagen faces as much as 18 billion in fines for falsifying emission data for diesel-powered passenger cars. Deutsche Wohnen agreed to acquire LEG Immobilien. Dialog Semiconductor agreed to acquire the U.S.-based Atmel. Zurich Insurance terminated merger talks with RSA.

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