- Mukesh Buch
- 15 Dec, 2015
- New York City
3M lowered annual earnings forecast. GE agreed to sell its Japan-based commercial lending business to Sumitomo Mitsui Finance for $5 billion. FactSet net rose 7%. VeriFone net soared. Valeant signed 20-year agreement with Walgreens.
- Lucy Stoeva
- 15 Dec, 2015
- New York City
Stock markets in Europe regained strength fueled by gains in oil prices and overshadowed the weakness in the bond market for the third day in a row. Metro jumped on a surge in net profit. UBM agreed to divest PR Newswire for $841 million.
- Hiruki Nakamura
- 15 Dec, 2015
- New York City
The Nikkei 225 extended its losses ahead of the U.S. Federal Reserve rate decision. J. Front Retailing said sales in November dropped 1.8%. Yahoo Japan agreed to acquire Ikyu Corp. for $830 million.
- Marcus Jacob
- 15 Dec, 2015
- New York City
ASX 200 declined for the sixth day in a row after Australia''s government said its budget deficit would deteriorate. The Reserve Bank of Australia kept its interest rates unchanged at 2%. Rio Tinto said it plans to invest $4.4 billion in Mongolian copper mine.
- Sarla Buch
- 15 Dec, 2015
- New York City
Sensex in Mumbai rebounded for the second day in a row and participated in emerging markets rally. Crude oil extended losses in the year so far to 44% and consumer product makers led the gainers.
- Nichole Harper
- 14 Dec, 2015
- New York City
S&P 500 index declined after the crude oil price dropped as much as 4% and neared 2011 low. European markets turned lower after positive start and struggled to hold the advance of the day. Asian markets also were cautious ahead of the Fed meeting.
- Mukesh Buch
- 14 Dec, 2015
- New York City
Newell Rubbermaid is in talk to acquire Jarden Corp for $15 billion. Orchestra Premaman agreed to buy 13% stake in Destination Maternity. Norfolk Southern rejected a revised offer from Canadian Pacific Railway.
- Lucy Stoeva
- 14 Dec, 2015
- New York City
European markets turned lower after crude oil resumed its slide and neared 2011 prices in London and in New York. Industrial production in the euro zone was ahead of expectations. AstraZeneca is in preliminary talks to acquire cancer drug developer Acerta Pharma for
- Marcus Jacob
- 14 Dec, 2015
- New York City
ASX 200 plummeted 2% on Monday on the deepening commodities plunge. Australian dollar declined below 72 U.S. cents. Austal secured a $63 million contract with National Australia Bank.
- Sarla Buch
- 14 Dec, 2015
- New York City
The wholesale price index in November decreased 1.99% compared to the decline of 3.81% in October. Japan offered military, commercial and technology assistance to advance logistics and infrastructure development to India.
- Hiruki Nakamura
- 14 Dec, 2015
- New York City
The Nikkei plunged on Monday and tested six-week low following the deepening correction in oil and commodities. Industrial production in October jumped 1.4%. Japan and India signed several agreements involving bullet train and nuclear power plants.
- Nichole Harper
- 11 Dec, 2015
- New York City
Stocks on Wall Street extended losses as oil and commodities reach new multi-year lows. Retail sales in November suggested sufficient momentum in the economy. S&P 500 index dropped 1.7% and extended weekly fall to 3.5%. European markets dropped more than 2% and dropped as much as 4.5% for the week.
- Lucy Stoeva
- 11 Dec, 2015
- New York City
Market indexes in Germany, France and UK dropped 2% or more and extended weekly losses between 3.7% and 4.4%. Market sentiment remained gloomy after oil, copper and iron ore dropped to multi-year new lows. Copper producer Aurubis tumbled 18% on a profit warning.
- Mukesh Buch
- 11 Dec, 2015
- New York City
Adobe Systems profit more doubled to $223 million on 22% jumps in revenues. Argan net slumped 13% and revenues declined 11%. Nordson net tumbled 31%. NCI Building Systems net surged 29%. UTi Worldwide net loss narrowed despite revenues plunged 18%.
- Marcus Jacob
- 11 Dec, 2015
- New York City
The Australian market extended losses and finished the week 2.5% lower as commodities reach multi-year lows. BC Iron suspended operations of Direct Shipping Ore mine. Woodside Petroleum approved natural gas development project with an estimated cost of $2.7 billion.