- Nichole Harper
- 13 Oct, 2015
- New York City
Stocks meandered on Wall Street after SAB Miller agreed to be acquired by InBev for $106 billion. Financials were under pressure ahead of earnings this week. Mixed trade data from China also muted trading sentiment across Atlantic.
- Marcus Jacob
- 13 Oct, 2015
- New York City
Australian market indexes slipped and the Aussie dollar halted its nine-day winning streak after China reported mixed international trade data in September. Telstra said it will book $80 million charge after a fixed-line pricing ruling by a regulator.
- Hiruki Nakamura
- 13 Oct, 2015
- New York City
Nikkei average in Tokyo dropped more than 1% and the yen gained. On the weakness in crude oil prices, energy stocks led the market selloff after investors returned from a three-day holiday weekend. Inpex Corp and Japan Petroleum led the decliners.
- Mukesh Buch
- 13 Oct, 2015
- New York City
Wausau Paper agreed to be acquired by Sweden-based SCA. Dollar Tree plans to re-brand its Deals stores. Fastenal net increased. Johnson & Johnson profit tumbled 20% on 7% decline in revenues. PrivateBancorp net jumped 12%.
- Nigel Thomas
- 13 Oct, 2015
- New York City
Aixtron plunged 14% on lowered revenues outlook. Leoni tumbled 33% on weaker than estimated operating profit. The U.K. government sells its remaining 14% stake in Royal Mail. SABMiller agreed to merge with Anheuser Busch. SAP third-quarter revenues surged 17%.
- Mukesh Buch
- 13 Oct, 2015
- New York City
TCS, the largest software services provider in India said net in the second-quarter soared 15%. DCB Bank slipped 10% but revenues surged 32%. ABB India secured an order to strengthen power grid in India. Japan-based Nippon Life Insurance signed an agreement to increase its stake to 49% in the RCap.
- Nichole Harper
- 12 Oct, 2015
- New York City
Stocks on Wall Street paused as investors turned cautious ahead of earnings this week from mega cap and banking stocks. Eli Lilly suffered the largest single-day drop since 2009 after it canceled an experimental drug. Energy stocks fell after oil declined 2%.
- Marcus Jacob
- 12 Oct, 2015
- New York City
Australian market indexes declined after a five-day rally. In light trading, market indexes turned lower on weak resource stocks. Gold traded at a seven-year high. Glencore looks for more asset sale and use proceeds to lower debt.
- Mukesh Buch
- 12 Oct, 2015
- New York City
Boeing agreed to acquire the Germany-based Peters Software. Dell agreed to acquire EMC for about $67 billion. PTC agreed to buy Vuforia from Qualcomm. Staples agreed to extend the review period for Office Depot. VMware plunged on weak forecast.
- Nigel Thomas
- 12 Oct, 2015
- New York City
AB Inbev revised its proposal to acquire SABMiller to
- Mukesh Buch
- 12 Oct, 2015
- New York City
Infosys said net in the quarter jumped 12% on 9% increases in revenues. Tata Steel said September crude steel production increased 9%. Hindustan Construction secured a contract from nuclear recycle plant of BARC at Tarapur near Mumbai.
- Nichole Harper
- 09 Oct, 2015
- New York City
Market indexes on Wall Street lacked direction and the S&P 500 index hovered near the best weekly gain this year. Investor focus will turn to earnings as large banks are scheduled to announce results next week. American Airlines and United Continental led the airline stocks on strong forecasts.
- Nigel Thomas
- 09 Oct, 2015
- New York City
Fiat Chrysler plans to spin off Ferrari in a public offering and valuing the luxury automaker at
- Mukesh Buch
- 09 Oct, 2015
- New York City
Alcoa net plunged 71% on 11% decline in revenues. American Airlines total revenue passenger miles in September jumped 7.2%. Electro Rent net tumbled 48%. LDR tumbled despite higher revenues forecast. UTi Worldwide surged and agreed to be acquired by Denmark-based DSV.
- Hiruki Nakamura
- 09 Oct, 2015
- New York City
Nikkei average in Tokyo closed higher following the market advance in New York. For the week, the Nikkei increased 3.9%. Ichigo, the real estate developer lifted annual revenues outlook. Meiko Network, the college preparatory services provider said annual revenues soared 21%.