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Wall Street Indexes in 4-Day Decline, Weekly Loss of 5% in Oil

Nichole Harper
24 Jul, 2015
New York City

Market indexes on Wall Street declined for the fourth day in a row and metal prices fell to multi-year lows. Crude oil price extended 20% decline from the high of $61 a barrel in June and fell 5% in the week. Manufacturing sector outlook in China remained weak.

Meiji Yasuda Buys U.S Insurer StanCorp for $5 Billion, Nikkei Down 0.7%

Hiruki Nakamura
24 Jul, 2015
New York City

Investors in Tokyo sold stocks and focused on domestic earnings after manufacturing sector growth outlook was weak in China and overseas markets declined. Meiji Yasuda agreed to acquire the U.S. based insurance group for $5 billion. Softbank prepares for a bond offering next week.

Sensex in India Extends Losses; ABB, Biocon, Wipro Net Rise

Mukesh Buch
24 Jul, 2015
New York City

Market indexes on Dalal Street extended losses for the second day. Wipro said quarterly profit rose 4% on 10% increase in revenues. ABB India and Biocon net soared. Axis Bank profit jumped 19%. GAIL net plunged 32%. United Spirits net swung to profit.

Anthem in $54.2 B Deal with Cigna, AT&T Wins Approval for DirecTV

Mukesh Buch
24 Jul, 2015
New York City

Anthem agreed to acquire rival Cigna for $54.2 billion. Amazon net swung to profit on 20% increase in revenues. AT&T net plunged 14% and won a regulatory approval for the proposed acquisition of DirecTV. Caterpillar net tumbled 29%. Visa profit climbed 25%.

BASF, Danone Net Decline; Anglo American Net Swings to Loss

Nigel Thomas
24 Jul, 2015
New York City

Anglo American net swung to a loss to $3 billion. Air France KLM revenues jumped 3%. BASF profit declined 10% and plans to split its pigments business. Danone net tumbled 32% and plans to swap its Dumex infant formula unit in China. Vodafone revenues fell.

Australian Indexes Lower on China Slow Down

Marcus Jacob
24 Jul, 2015
New York City

Australian market indexes traded lower and for the week the ASX 200 index declined 1.8%. Costa Group, the largest horticulture company in Australia, priced its initial offering. OrotonGroup sold its stake in Brooks Brothers Australia.

World Markets Struggle; U.S. Jobless Claims at 40-Year Low, Metals Down

Nichole Harper
23 Jul, 2015
New York City

Indexes on Wall Street hovered near highs after jobless claims dropped to the lowest in last four years and lowest since 1973. Crude oil prices eased and metal prices declined after a weak price outlook for the rest of the year.

Dow, Deluxe, GM Net Jump; ABB, Eli Lilly, Qualcomm Net Fall

Mukesh Buch
23 Jul, 2015
New York City

3M net rose 2% but revenues declined 5%. ABB net and revenues plunged. American Express net fell 5%. Boston Scientific net soared. Comcast net jumped 8%. Deluxe net climbed 12%. Dow Chemical net surged 28%. GM net surged more than four-fold. Qualcomm net tumbled 47%.

Iron Ore Outlook Weak, Fortescue Metals Shipment Up 10%

Hiruki Nakamura
23 Jul, 2015
New York City

Australian market indexes declined for the second day after iron ore price fell and a report suggested continued weakness. Fortescue Metals iron ore shipments increased 10% in the June quarter. Newcrest Mining said June quarter gold production rose 10%.

Nikkei to Acquire Financial Times for $1.3 B

Hiruki Nakamura
23 Jul, 2015
New York City

Nikkei Inc agreed to acquire Financial Times group from the U.K. based Pearson Plc for $1.3 billion. The deal includes the publishing properties only and does not cover the real estate and the stake in the Economist publication. CyberAgent quarterly net doubled and Chugai Pharmaceuticals half-year net rose.

Daimler, Unilever Net Soar; Credit Suisse Net Swings to Profit

Nigel Thomas
23 Jul, 2015
New York City

Credit Suisse net swung to profit to 1.05 billion francs. Daimler profit climbed 8% to

Sensex in India Drops; Bajaj Auto, CEAT Net Rises

Mukesh Buch
23 Jul, 2015
New York City

Alstom India quarterly profit tumbled 46%. Bajaj Auto net soared 37% on 11% increase in revenues. CEAT Tyre net surged. Lupin net declined 16%. Network18 net loss narrowed. Muthoot Finance net rose but revenues fell 4%.

Weak Tech Stocks Drag S&P 500 and European Markets Down

Nichole Harper
22 Jul, 2015
New York City

Market indexes on Wall Street declined after Apple and Microsoft declined. Apple reported 38% surge in fiscal third quarter and sold 35% more iPhones, but fell short of some expectations. Microsoft Corp reported its largest quarterly loss ever. Tech stocks weakness weighed on European indexes.

Apple Sales Miss Target; Microsoft, Yahoo Net Swing to Loss

Mukesh Buch
22 Jul, 2015
New York City

Apple revenues and profit surged above 33%. Boeing net plunged 33% but revenues jumped 11%. Illinois Tool net tumbled 68%. Microsoft net swung to a loss. Whirlpool net fell 1% while sales climbed 11%. Yahoo net swung to a loss.

Nikkei Falls 1%, Toshiba Trims Kone Stake

Hiruki Nakamura
22 Jul, 2015
New York City

Nikkei average dropped more than 1% following weak closings in international markets. Mitsui Chemicals lifted its first-half sales outlook. Toshiba Corp trimmed its stake in Finland-based Kone Oyj.

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