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European Markets Drop; ARM, easyJet, K&S, Tungsten, Zooplus in Focus

Nigel Thomas
22 Jul, 2015
New York City

European market indexes declined between 0.6% and 1.5%. ARM net surged 38%. easyJet revenue per seat declined 5% but forecasted higher pre-tax profit for the year. K&S once again rejected new merger approach from Canada-based rival Potash Corp. Zooplus sales soared 34%.

BHP Guides Lower Petroleum and Higher Iron Ore Prduction

Marcus Jacob
22 Jul, 2015
New York City

Market indexes in Sydney dropped following weak closures in Europe and in New York and consumer price index in the June quarter increased 0.7%, matching expectations. BHP forecasted lower petroleum production in 2016 but iron ore production will continue to rise.

Sensex at 3-Month High in India, Idea Cellular, PVR Net Climb

Mukesh Buch
22 Jul, 2015
New York City

Sensex in Mumbai traded at a 3-month high on a surge in energy sector stocks. Idea Cellular said quarterly profit climbed 28%. JSW Energy net declined 15%. Bajaj Finance profit surged 30% on 33% increase in revenues. PVR jumped 5%. Cairn India net declined 24%.

Wall Street Indexes Decline on Weak Results from IBM; Asian Rally Continues

Nichole Harper
21 Jul, 2015
New York City

Market indexes on Wall Street declined after quarterly results from IBM, United Technologies and Verizon disappointed investors. Chesapeake Energy axed its annual dividend. Citigroup was fined $700 million for its illegal credit card practices.

Verizon Profit Edged up; IBM, Harley-Davidson Net Decline

Mukesh Buch
21 Jul, 2015
New York City

IBM net tumbled 17%. BNY Mellon net soared 50%. Baker Hughes net swung to a loss. TD Ameritrade net rose 4%. Fifth Third Bancorp net declined 30%. Harley-Davidson profit plunged 15%. Prologis net soared 93%. Verizon net edged up 0.7%.

European Markets Fall on Weakness in Novartis and SAP

Nigel Thomas
21 Jul, 2015
New York City

European markets traded lower after Novartis missed earnings outlook. Novartis profit plunged 32% on 5% decrease in revenues. Akzo net surged 61%. Remy Cointreau sales jumped 4%. SAP profit declined 16% to

Sensex Eases; Unilever Net Flat, Infosys Soars, HDFC Bank Net Jumps

Mukesh Buch
21 Jul, 2015
New York City

Hindustan Unilever said quarterly profit was nearly flat. Asian Paint net surged 39%. Bharti is in exclusive talks with France-based Orange to sell its four subsidiaries in Africa. Infosys soared 11% on better than expected revenues. HDFC Bank net and revenues climbed.

Nikkei Extends 4-Week Rally, Toshiba Details Earnings Overstatement

Hiruki Nakamura
21 Jul, 2015
New York City

Nikkei average in Tokyo extended rally and the yen eased after two weeks of strength as investors digested latest batch of earnings. Genky, the drug store retailer, said annual sales increased 9% and net soared 50%. Yasakawa Electric said quarterly revenues rose 11%.

Australian Indexes in 6-Day Rally, Dollar Drops Again

Marcus Jacob
21 Jul, 2015
New York City

Australian market indexes advanced for the sixth day in a row and gold traded near a five-year low. Australian dollar edged dropped to a six-year low and Reserve Bank focused on improving business conditions in its latest minutes of meeting.

New Market Highs as Fed Finalizes Delayed Bank Capital Guidelines

Nichole Harper
20 Jul, 2015
New York City

Market indexes on Wall Street traded higher and gold dropped to a new five-year low. Paypal Holdings began trading at a higher valuation from its parent eBay after the spin-off. Federal Reserve after years of delay today finalized capital increase plan for the largest eight banks.

Lockheed Martin to Acquire Sikorsky, Morgan Stanley Net Drops

Mukesh Buch
20 Jul, 2015
New York City

Morgan Stanley net declined 5% but revenues jumped 13%. Lockheed Martin agreed to buy Sikorsky for $9 billion. Cal-Maine net soared 46%. Hasbro net jumped 5%. Halliburton net tumbled 93% on 26% plunge in revenues. Lennox Intl net climbed 10%.

5-Year Low in Gold Trims Australian Indexes Gain

Marcus Jacob
20 Jul, 2015
New York City

Australian market indexes rebounded but weak commodities prices checked the rise. Precious metals miners edged lower after gold dropped to a new five-year low. DUET Group said it plans to acquire Energy Developments for $1.92 billion, as consolidation picks up in energy sector.

Sensex in India Falls; ACC and Ultratech Cement Sales Fall

Mukesh Buch
20 Jul, 2015
New York City

Two largest cement companies in India reported declining quarterly sales and earnings. INOX Leisure surged 15% after quarterly profit jumped four-fold. CRISIL net rose 12%. Hindustan Zinc net jumped 12% on 21% increase in revenues.

Aveva to Acquires Schneider Unit, Rolls-Royce Wins $2 B Contracts

Nigel Thomas
20 Jul, 2015
New York City

Aveva agreed to buy industrial software unit of France-based Schneider. Alstom sales climbed 8% but new orders tumbled. Rolls-Royce won two contracts worth about $2 billion. Julius Baer net profit tumbled 78% but revenues soared 12%.

Google and Facebook Rally Leads Nasdaq to Record, World Stocks Advance

Nichole Harper
17 Jul, 2015
New York City

Tech stocks rallied and Google Inc pushed Nasdaq Composite index further into record zone. However, weakness in energy stocks on weaker oil price kept the S&P 500 index in check. General Electric gained on improving outlook for industrial manufacturing business.

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