ticker

Southern Co Buys AGL Resources for $12 B; Belk, Xerox Decline

Mukesh Buch
24 Aug, 2015
New York City

Southern Co agreed to acquire AGL Resources for $12 billion. Belk agreed to be acquired by Sycamore Partners for $3 billion. Cobalt Intl agrees to sell its 40% stakes in two offshore oil exploration blocks in Angola to Sonangol for $1.8 billion.

European Markets Plunge 4% as World Markets Near Bear Zone

Nigel Thomas
24 Aug, 2015
New York City

European markets dropped nearly 4% as world markets sell off extended to the second week. Amlin profit dropped 2% and the company denied reports that it is looking to sell its business. Bunzl profit surged 17% to

Sensex in India Plunges 5.9% as Global Markets Dive Second Week

Mukesh Buch
24 Aug, 2015
New York City

Stock markets plunged nearly 6%, the biggest falls since January 2009 after a sell-off in Shanghai for the second week extended global market losses of more than 10% from the recent highs. Central government plans to sell 10% stake in India Oil and raise up to $1.5 billion.

Global Markets Sell-Off Extends to Day Two, Weekly Losses of 4% Plus

Nichole Harper
21 Aug, 2015
New York City

World markets declined from Shanghai to Mumbai to Frankfurt to New York and several market indexes registered losses of more than 4% in the week. Investors have been selling stocks on the stretched valuation in U.S., lack of visible growth in the euro zone and sharpening slowdown in Asia.

Australian Markets Extend Weekly Losses, Santos Net Plummets

Marcus Jacob
21 Aug, 2015
New York City

Australian market indexes extended weekly losses on growing China worries and weakening international sentiment. ASX 200 dropped the most in six years as crude oil extended weekly losses in a second sell-off in the calendar year. Santos Ltd said quarterly revenues fell 15% and net plunged 82%.

HP, salesforce, Steiner Leisure Soar; Deere, Foot Locker, Intuit Fall

Mukesh Buch
21 Aug, 2015
New York City

Deere net plummeted 40% on 20% fall in revenues. Foot Locker net surged 29%. GAP net tumbled 34%. Hibbett Sports profit plunged 17% and the retailer lowered fiscal outlook. In its last result before split, HP said net and revenues declined. Intuit net swung to profit. Salesforce net loss narrowed.

Sensex in India Declines 0.9%, Rupee Struggles Despite Oil Price Collapse

Mukesh Buch
21 Aug, 2015
New York City

Market indexes on Dalal Street declined and rupee struggled despite the yearlong correction in crude oil price. Central government is planning to sell 10% stake in Coal India. HCL Infosystems reported slightly narrower quarterly loss.

Nikkei Drops 2.9% in Asia-wide Sell-off

Hiruki Nakamura
21 Aug, 2015
New York City

Nikkei average in Japan and market indexes in Tokyo dropped following deepening losses in New York and Europe. Commodities also extended losses in the year after crude oil and copper flirted with new six-year lows. Nikkei dropped 2.9% today and plunged 5.3% in the week.

Glaxo in $1 B Deal with Novartis, Royal Vopak Profit Surges 17%

Nigel Thomas
21 Aug, 2015
New York City

European markets accelerated decline on the growing worries in the euro zone and deepening correction in commodities. Glaxo divest its rights to a drug for auto-immune diseases to Novartis for

Fear Grips Global Markets on Growing Uncertaities in China and Europe

Nichole Harper
20 Aug, 2015
New York City

Fear began to set in global markets with oil flirting with new multi-year lows, deepening slowdown in China and continued uncertainty about the rate hike timing in the U.S. and growing instability in the euro zone. Kazakhstan currency plunged 25% and Vietnam devalued 1%.

Nikkei Drops to a 3-Week Low on Growing China Worries

Hiruki Nakamura
20 Aug, 2015
New York City

Stocks in Tokyo declined following another week of volatile trading in Shanghai and weak commodities prices. Real estate information provider Next Co said quarterly revenues rose 58%. Nippon REIT said first-half sales and net rose more than 90%.

Toro, Tech Data Jump; Buckle, Bon-Ton, Cato, Sears Decline

Mukesh Buch
20 Aug, 2015
New York City

Buckle net fell 4%. Bon-Ton net loss widened after sales dropped. Cato net slid. L Brands profit soared 8% and lifted fiscal outlook. Madison Square Garden net surged 294%. Stage Stores profit tumbled 86% and lowered earnings estimate. Sears net swung to profit. Tech Data net soared 94%.

Market Update