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Nikkei at 5-Week Low, Toshiba Forms New Board

Hiruki Nakamura
19 Aug, 2015
New York City

Nikkei average in Tokyo dropped to a five-month low after another slide in Shanghai stocks and trade deficit widened. Kirin acquired 55% stake in the government controlled brewery in Myanmar. Toshiba Corp soared 8% after forming new board.

Australian Stocks Rebound, Stockland Net Soars on Housing Boom

Marcus Jacob
19 Aug, 2015
New York City

Australian stocks rebounded for the second day in a row after bargain hunters searched for values. In active trading, banks led the market index advance. Stockland said housing boom supported earnings rise. Woodside Petroleum slashed its dividend. Arrium swung to a quarterly loss.

Software and Pharma Exporters Lead Sensex Advance in Mumbai

Mukesh Buch
19 Aug, 2015
New York City

Generic drug makers and software services exporters led the gainers in Mumbai trading. DLF plans to sell its land parcel in Kochi. ICICI Bank acquired 9% stake in Karuturi Global. Tata Elxsi profit surged 71% on 28% increase in revenues.

Target Net Surges, Staples Net Tumbles; Seagate Declines

Mukesh Buch
19 Aug, 2015
New York City

American Eagle net jumped 4% and sales soared. Analog Devices net increased 5%. Eaton Vance revenues and profit fell. Lowe''s revenues and net jumped 4%. Staples profit tumbled 56%. Seagate agreed to acquire Dot Hill. Target profit surged.

Admiral, Vestas Net Rise, Glencore Net Swings to Loss

Nigel Thomas
19 Aug, 2015
New York City

Admiral Group net jumped 5% to

Weak Tech Stocks Lead Nasdaq Lower, U.S. Housing Starts at 8-Year High

Nichole Harper
18 Aug, 2015
New York City

Market indexes on Wall Street traded lower and tech stocks led the decliners. Housing starts increased to a near eight-year high but permits fell. Home Depot and TJX Companies rose on earnings but Wal-Mart eased after the retailer lowered annual earnings outlook.

Nikkei Struggles in Tokyo; Nagase Net Falls, Don Quijote Sales Rise 12%

Hiruki Nakamura
18 Aug, 2015
New York City

Nikkei in Tokyo traded lower after weak sentiment and poor market conditions in Shanghai trading. Fast Retailing and SoftBank Group led the decliners among large companies in Tokyo. GDP in the previous quarter dropped 1.6%, meeting expectations.

ANZ Kicked Off Bad Loans Worries in Australia

Marcus Jacob
18 Aug, 2015
New York City

Australian market indexes in Sydney declined on the worries that banks may need to increase bad loan reserves in the mining sector. ANZ lifted its estimate of loan losses. QBE Insurance said quarterly net jumped 25%. Sydney Airport half-year results improved on higher passenger count.

Home Depot, TJX Net Jumps, Wal-Mart Profit Declines 15%

Mukesh Buch
18 Aug, 2015
New York City

BB&T agreed to acquire National Penn Bancshares for $1.8 billion. CVS completed the acquisition of Omnicare for $12.7 billion. Dicks Sporting net surged 31%. Home Depot profit rose 5% to $2.2 billion and lifted fiscal outlook. TJX net soared 7%. Wal-Mart net declined 15%.

Europe: Persimmon Revenues Jump 11%, Wirecard Net Jumps 26%

Nigel Thomas
18 Aug, 2015
New York City

Akers Biosciences net loss widened after revenues declined 28%. Chime Communications net swung to a loss on 7% drop in revenues. Mears net jumped 13%. Persimmon profit surged 45% to

In Mumbai Trading Adani Ports, Pipavav and Rajesh in Focus

Sarla Buch
18 Aug, 2015
New York City

Cipla said quarterly profit more doubled on 43% increase in revenues. Rajesh Exports received an export order worth $200 million from UAE. Adani Ports signed an agreement with Kerala government for the development of Vizhinjam deep sea port.

Liberty Interactive to Buy Zulily for $2.4 B

Mukesh Buch
17 Aug, 2015
New York City

Cargill agreed to acquire Norway-based Ewos for about $1.5 billion. Liberty Interactive agreed to acquire Zulily for $ $2.4 billion. Accenture agreed to buy consulting unit of Schlumberger for an undisclosed amount. Agilent net plunged 30%. Estee Lauder net tumbled 41%. Urban Outfitters net slid.

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