ticker

Priceline Soars, Wal-Mart Net Climbs 12%

Mukesh Buch
19 Feb, 2015
New York City

Ball Corp agree to acquire U.K.-based rival Rexam for $6.85 billion. DIRECTV net dropped 4% and the number of subscribers rose. Discovery Communications net plunged 14%. Hormel Foods net surged 12%. Priceline revenues and net jumped 20%. Wal-Mart profit climbed 12%.

Ball Corp Seeks Merger with Rexam, Deutsche Boerse and Nestle Net Rise

Nigel Thomas
19 Feb, 2015
New York City

Centrica net swung to a loss of

Nikkei at 14-Year High and Banks Lead Market Advance

Hiruki Nakamura
19 Feb, 2015
New York City

The benchmark index in Tokyo closed at a high not seen since 2000 after a catch up rally in large banks powered the latest market advance. Trend Micro soared 6% after the anti-virus software maker estimated higher than expected profit.

Australian Stock Trading Volume Jumps; Wesfarmers, Crown Resorts in Focus

Marcus Jacob
19 Feb, 2015
New York City

Australian market indexes declined and trading volume jumped to the high in the year-so-far. Aussie dollar inched towards 78 U.S. cents but prices of iron ore and oil edged lower. Wesfarmers Ltd first-half net declined and Crown Resorts reported better-than-expected results.

India Indexes in 7-Day Rally, Ambuja Cements Net Rises

Mukesh Buch
19 Feb, 2015
New York City

Market averages in Mumbai traded higher for the seventh session in a row. Ambuja Cements said net rose 4%. Bharat Forge signed a multi-year contract with the airplane maker Boeing Co. RPP Infra won an order from Karnataka. Supreme Infra net plunged 89%. SKF India net dropped 16%.

U.S. Housing Starts Fall and Production Growth Slows, World Markets Advance

Nichole Harper
18 Feb, 2015
New York City

U.S. stocks traded sideways and investors focused on domestic earnings and overlooked Friday deadline for Greece to submit loan extension. U.S. housing starts declined 2% in January and permits declined 0.7% and industrial production gained 0.2%.

Cinemark, NiSource, Virgin America Climb; Fossil Tumbles

Mukesh Buch
18 Feb, 2015
New York City

Actavis net loss widened despite 46% surge in revenues. Cinemark net soared. Duke Energy net tumbled 29% but revenues jumped 5%. Fossil plunged 18% on weak outlook. Hilton and Hyatt net soared five-fold. Virgin America net tumbled 73%.

European Indexes Look Beyond Greece and Trade at 7-Year High

Nigel Thomas
18 Feb, 2015
New York City

Eni net loss widened to

Stocks in Tokyo Power Ahead on Weaker Yen

Hiruki Nakamura
18 Feb, 2015
New York City

Stocks in Tokyo advanced and the yen edged lower after optimism ran high that Greece and the euro zone will overcome differences. Japan Post offered 50% premium to acquire Australia-based Toll Holdings. Bridgestone said annual net income soared 49%. Electric Power is looking to raise $1 billion.

Japan Post Offers 50% Premium for Australia Based Toll Express

Marcus Jacob
18 Feb, 2015
New York City

Australian market indexes soared after Japan Post offered a large premium for the transportation and logistics operator Toll Express. The offer powered other deal driven stocks. Ardent Leisure plunged after declaring a loss in the first-half. Woodside Petroleum revenues and net rise.

Technology Transfer Push Drives Defense Stocks Higher in India

Mukesh Buch
18 Feb, 2015
New York City

Defense sector stocks led the gainers after Prime Minister Modi urged international contractors to transfer technologies to win future bids. Crompton Greaves secured a contract worth ₹119 crore from NTPC. Hero MotoCorp founders lowered stake by 3.5%.

Markets in New York and Europe Stay Relaxed as Greek Talks Turn Hostile

Nichole Harper
17 Feb, 2015
New York City

Stocks in New York advanced and several indexes flirted with new highs with large and small cap indexes trading at new highs. Tollbooth Index and S&P 500 index traded at record highs. Germany led the improving economic expansion data in the euro zone.

Medtronic, Waste Management Jump; Agios Pharma Declines

Mukesh Buch
17 Feb, 2015
New York City

Agios Pharma net loss widened despite a surge in revenues. Genuine Parts sales and profit soared. Goodyear Tire net climbed after one-time tax benefit of $2.2 billion. Medtronic net surged 28%. Waste Management net swung to profit.

Fairfax to Acquire Brit for

Nigel Thomas
17 Feb, 2015
New York City

Brit agreed to acquire by Fairfax Financial for

Home Price Rise Worries Reserve Bank of Australia, Fortescue Sales Plunge

Marcus Jacob
17 Feb, 2015
New York City

Reserve Bank of Australia indicated in its latest minute of meetings that the rate cut was warranted on the weaker than expected economic growth. ANZ reported flat quarterly profit. Coca-Cola Amatil annual revenues declined. Fortescue first-half revenues plunged 17%.

Market Update