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Sensex Drops to 4-Month Low on Third Weekly Decline

Mukesh Buch
30 Apr, 2015
New York City

The benchmark index in India declined for the third week in a row. Axis Bank net climbed 18% on 22% increase in revenues. Biocon net soared 78%. Exide Industries net and revenues rose. TVS Motor net surged 74%.

U.S. Economy Stalls in First-Quarter, Markets Dive

Nichole Harper
29 Apr, 2015
New York City

U.S. economy slowed down in the first quarter on unusually cold weather, moderate consumer spending and weak energy prices. MasterCard said quarterly worldwide purchase volume increased 12%. Time Warner quarterly net plunged 25%. Volkswagen quarterly net soared 19%.

Express Scripts, Humana, MasterCard Climb; Kraft Foods, Time Warner Plunge

Mukesh Buch
29 Apr, 2015
New York City

Bristol-Myers profit soared 27%. Express Scripts net surged 34%. GoPro net jumped more than double. Humana net jumped 17%. Kraft Foods net plunged 16%. Level 3 net rose 9%. MasterCard net soared 17%. Twitter net loss widened. Time Warner net tumbled 25%. Reuters net climbed 10%.

ABB, Iberdrola, VW Net Climb, Barclays Profit Tumbles 52%

Nigel Thomas
29 Apr, 2015
New York City

ABB net jumped 4% to $564 million but revenues declined 10%. Barclays set aside

Broad Selloff in Australia, ASX Down 1.9%

Marcus Jacob
29 Apr, 2015
New York City

In active trading, Australian market indexes dropped 1.9% in a broad selloff. Wesfarmers reported mixed quarterly sales performance across various chains. Sales at Bunnings, Officeworks and Kmart rose in double digits. Recall Holdings accepted a revised offer from Iron Mountain.

India: Bharti, HDFC, Idea Cellular Net climb; Ambuja Net Falls

Mukesh Buch
29 Apr, 2015
New York City

Market indexes extended losses in Mumbai despite rising earnings from two largest wireless telecom services providers. Bharti Airtel net climbed 31% and Idea Cellular quarterly net surged 60%. Ambuja Cements revenues declined 8%. HDFC quarterly net soared 8%.

IBM and Apple Hike Dividend, Stocks Volatile on Wall Street

Nichole Harper
28 Apr, 2015
New York City

Stocks on Wall Street in volatile trading reversed earlier losses after IBM and Apple hiked dividend and a private survey showed home prices increase more than expected in February. European markets dropped more than 1.3%. Crude oil jumped to a new 2015-high.

Apple Profit Surge on iPhones Sales; BP, Ford, Merck Net Decline

Mukesh Buch
28 Apr, 2015
New York City

Apple net surged 33% after sales climbed 27%. BP net tumbled 27% on 41% decline in revenues. Ford profit and sales dropped. Hartford net slumped 6%. Merck profit plunged 45%. Pfizer net barely rose 2%. Total net tumbled 20%. Whirlpool profit soared 19%.

European Markets Drop 1.3%; Banco Santander, Daimler Net Surge

Nigel Thomas
28 Apr, 2015
New York City

European markets dropped more than 1.3% on weaker than expected results. Banco Santander net soared 32%. Daimler profit surged 89% to

Late Evening Selloff in Sydeny Market, Beach Energy Sales Drop 33%

Marcus Jacob
28 Apr, 2015
New York City

Australian market indexes turned lower after weak momentum in resource sector stocks. Lifestyle Communities agreed to acquire a land parcel for $11.5 million and plans to build retirement village in Victoria. Beach Energy first-quarter net declined 33%.

Fanuc Lifts Dividend Payout Ratio; Canon, Honda Net Drop

Hiruki Nakamura
28 Apr, 2015
New York City

Nikkei stock average in Tokyo closed higher amid corporate earnings and Fanuc soared 6% after industrial robot maker said it plans to pay 60% of its consolidate income as dividend. Komatsu declined 6% after the company estimated operating profit to fall 8.7%.

Sensex in India Rises 0.8%, Rupee Advances

Mukesh Buch
28 Apr, 2015
New York City

Stocks in India rebounded and the rupee strengthened. Godrej Consumer Products quarterly net rose 13%. Kirloskar Brothers net more than doubled. RCom plans to raise $300 million through an international bond offering. Welspun net and revenues surged.

U.S. Stocks Turn Lower on Merger Monday, Apple in Focus

Nichole Harper
27 Apr, 2015
New York City

On Merger Monday, iGATE agreed to be acquired by France-based Cap Gemini and Mylan rejected hostile offer from Teva Pharmaceuticals. Apple Inc is scheduled to release earnings after the bell. U.S. 10-year Treasury yield was 1.93% and the euro held at $1.08.

Applied Materials, Tokyo Electron Call Off Merger

Mukesh Buch
27 Apr, 2015
New York City

Applied Materials and Japan-based Electron agreed to terminate $10 billion merger agreement. iGATE jumped after CapGemini proposed a $4 billion merger. Laboratory Corp net tumbled 99%. Mylan rejected bid from Teva Pharma and reaffirmed its $33 billion Perrigo bid.

Capgemini to Buy iGATE for $4 B, Deutsche Bank Net Tumbles

Nigel Thomas
27 Apr, 2015
New York City

Capgemini revenues soared 11% and agreed to acquire iGATE for $4 billion. Deutsche Bank profit tumbled 50% to

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