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Toyota Reaffirms Global Production Outlook, Marubeni Net Rises 7%

Hiruki Nakamura
05 Aug, 2015
New York City

Investors shifted focus to domestic earnings. Toyota said quarterly net rose 10% and reaffirmed its annual global production outlook with a slight change in production mix. Marubeni said quarterly net rose 7% but sales declined 10%.

Activision, Cognizant, Motorola, Priceline Soar; Time Warner, Disney Drop

Mukesh Buch
05 Aug, 2015
New York City

Activision net jumped 4%. Baxalta rejected $30 billion unsolicited proposal from Shire. Cognizant net rose 13%. DISH net surged 52%. Intercontinental Exchange net climbed 25%. Motorola net tumbled 83%. Priceline net declined 10.3%. Time Warner net soared 14%. Disney net rose 10%.

Beiersdorf, LSE, Societe Generale Net Soar; Stan Chart, UniCredit Net Fall

Nigel Thomas
05 Aug, 2015
New York City

Beiersdorf profit soared 14%. ING net swung to profit to

Sensex in India Jumps 0.5%; Bharti Net Surges

Mukesh Buch
05 Aug, 2015
New York City

Bharti said quarterly profit soared 40%. Emami net climbed 24%. Canara Bank net declined 47% as the bank struggles with loan losses. Torrent Power net doubled. Balaji Telefilms reacquires 26% stake from a unit of 21st Century Fox.

Wall Street Indexes Lack Direction, Manufacturing Orders Rebound

Nichole Harper
04 Aug, 2015
New York City

Market indexes on Wall Street lacked direction and manufacturing orders rebounded in June on strong demand for transportation equipment including aircrafts. Shire offered $33 billion to acquire the recent Baxter spin-off Baxalta.

Earnings Season in Japan Gathers Pace, Current Account Surplus Jumps 50%

Hiruki Nakamura
04 Aug, 2015
New York City

Earnings season in Japan picked up momentum as trading companies reported shrinking revenues and rising profits. Yen held firm as monetary base in July jumped 32.8% from a year ago. Current account surplus surged nearly 50%.

Australia Keeps Rate on Hold at 2%, Suncorp Declares Special Dividend

Marcus Jacob
04 Aug, 2015
New York City

Reserve Bank of Australia left rates on hold at 2% and trade deficit widened in June. Australian retail sales increase in June accelerated from May. Suncorp Group declared a special dividend despite $1 billion natural hazard claims payments.

Archer Daniels, Kellogg Increase; AIG, CVS, Sempra Decline

Mukesh Buch
04 Aug, 2015
New York City

3M acquired Capital Safety from KKR for $2.5 billion. AIG net tumbled 42%. Archer Daniels profit declined 28% on 20% drop in revenues. CVS Health rose 2%. HCP net plummeted 25%. Health Net net plunged 52%. Kellogg profit declined 24%. Parker-Hannifin net tumbled 40%.

Shire Offers $33.9 B to Baxalta; AXA, Continental, Just Eat Net Jump

Nigel Thomas
04 Aug, 2015
New York City

Shire made a hostile offer to acquire Baxalta for $33.9 billion. AXA profit jumped 2% to

Rates in India on Hold, RBI Signals Improving Economy

Mukesh Buch
04 Aug, 2015
New York City

The Reserve Bank of India keeps repo rate unchanged at 7.25%. Hero MotoCorp quarterly profit soared 33%. Britannia net surged 67% on 13% increase in revenues. RCap plans to sell its multiplexes business to Carnival Cinemas.

S&P 500 Down 0.5%, U.S. Auto Makers July Sales Rise

Nichole Harper
03 Aug, 2015
New York City

S&P 500 and Nasdaq indexes declined more than 0.5% on Wall Street after consumer spending growth slowed despite healthy increase in income in June. Auto makers reported stronger-than-expected sales in July. Benchmark index in Greece plunged 16%.

Nikkei and Yen Ease; Suzuki and Fuji Heavy Advance on Quarterly Sales

Hiruki Nakamura
03 Aug, 2015
New York City

Nikkei average and the yen eased and investors focused on latest earnings reports. Fuji Heavy Industries first-quarter sales surged 29% and Suzuki Motor lifted its annual sales and earnings outlook. Japan Tobacco said first-half sales were flat and net declined.

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