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Avago in $37 B Deal with Broadcom; Abercrombie, Palo Alto Jump

Mukesh Buch
28 May, 2015
New York City

Avago agreed to acquire Broadcom for $37 billion. CA agreed to acquire Rally Software for $480 million. Abercrombie & Fitch net loss widened. Costco profit climbed 9%. Copart net soared 41%. Palo Alto net loss narrowed.

Greece and Lenders Miss One More Deadline, Swatch Group Net Eases

Nigel Thomas
28 May, 2015
New York City

Ferrexpo net tumbled 53% on 38% decline in revenues. Kingfisher sales and retail profit each dropped by 5%. Sports Direct climbed on positive outlook. Swatch Group profit slightly declined to 1.416 billion francs.

Nikkei at New 15-Year High on 8-Year Low Yen Weakness

Hiruki Nakamura
28 May, 2015
New York City

Ten day rally lifts Nikkei average in Tokyo by 5% and the yen traded at a new 8-year low. Retail sales in April increased 5% from a year ago month and seasonally adjusted sales rose 0.4% from a month ago. Sales data have been distorted ahead of last April sales tax increase.

Australian Capex Falls 4.4%, Mirvac Asset Sale to Raise $450 M

Marcus Jacob
28 May, 2015
New York City

Market averages in Sydney turned lower after capital expenditure in the first-quarter declined 4.4%. Australian dollar edged lower. Mirvac Group said it plans to sell assets and raise as much as $450 million.

Sensex in India Eases; BPCL, Hindalco, RInfra Swing on Earnings

Mukesh Buch
28 May, 2015
New York City

Godrej said quarterly profit jumped 22%. BPCL net declined 30%. AstraZeneca India surged 16% on 31% increase in revenues and quarterly net swung to profit. Bata India quarterly net soared 48%. Hindalco profit plunged 36% but revenues jumped 11%.

S&P 500 and Indexes Rebound, Fed and Greece Dominate Sentiment

Nichole Harper
27 May, 2015
New York City

Market indexes on Wall Street jumped on a rebound in tech stocks and the two familiar news topics resurfaced. Investors played a guessing game on the next rate move by the Fed and the EU officials denied reports that lenders are working with Greece in finalizing a loan agreement.

Yen Hits 8-Year Low Against Dollar, Nikkei in 9-Day Rally

Hiruki Nakamura
27 May, 2015
New York City

Nikkei average gained for the ninth day in a row and extended rally to a 4.5% advance. The yen dropped to a low not seen since July 2007. Mitsubishi Gas said it plans to spend 9 billion yen to buy back its stock. Seibu Holdings estimated fiscal year profit to jump 10%.

Brown Shoe, DSW, Tiffany Soar; Chico's, Michael Kors, Workday Plunge

Mukesh Buch
27 May, 2015
New York City

Brown Shoe net soared 25%. Chico''''s net jumped 5%. DSW profit surged 23%. Hormel Foods agreed to acquire Applegate Farms for $775 million. Movado net tumbled 51%. Michael Kors profit soared 13%. Reynolds American won the U.S. antitrust approval to merge with the rival Lorillard.

Australian Stocks Decline, Construction Activities Shrink

Marcus Jacob
27 May, 2015
New York City

Australian market indexes closed down in moderate trading and the Aussie dollar held firm. Construction spending declined on a seasonally adjusted basis but residential construction soared in the quarter.

IAG Offers

Nigel Thomas
27 May, 2015
New York City

IAG intends to acquire smaller rival airline Aer Lingus for

Rupee at New Low in India; RPower, IDBI, Tech Mahindra in Focus

Mukesh Buch
27 May, 2015
New York City

RPower said net in the quarter rose 3%. GAIL net tumbled 48%. BHEL net surged more than three-fold and revenues soared doubled. IDBI Bank net advanced 5% on 19% increase in revenues. Tech Mahindra net and revenues declined. United Spirits net loss narrowed.

1% Fall in S&P 500 Leads Global Decline, Charter in Expensive Cable Deal

Nichole Harper
26 May, 2015
New York City

In an expensive deal, Charter Communications agreed to acquire Time Warner Cable Inc for $78.7 billion including debt. The deal is expected to vault Charter to the second largest spot in the industry but the cable company faces several hurdles on cost and restive customer base.

Charter and Time Warner in $79 B Merger, EMC Acquires Virtustream

Mukesh Buch
26 May, 2015
New York City

Charter Communications agreed to acquire Time Warner Cable Inc for $55.1 billion and assume debt. EMC agreed to acquire privately-held Virtustream for $1.2 billion. AutoZone net jumped 8%. Nevada Gold agreed to buy Club Fortune Casino.

Ryanair Revenues Surge, Citycon in

Nigel Thomas
26 May, 2015
New York City

Ryanair net profit in the year surged 66% to

8-Day Rally in Nikkei Extends Gains to 4.4%

Hiruki Nakamura
26 May, 2015
New York City

Nikkei average extended rally to the eighth day in a row and the benchmark index jumped 4.4% in the longest rally since August. Monex Group said annual operating revenues declined 7%. Kyushu Electric Power jumped 4% after the electric utility said it plans to restart is nuclear reactor in late July.

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