- Nichole Harper
- 11 Aug, 2015
- New York City
World markets were under pressure after China devalued yuan by 2% sparking worries about the health of the second largest economy. Google said it will restructure its operations as the company expands into many unrelated areas.
- 123jump.com Staff
- 11 Aug, 2015
- New York City
Stocks in Japan closed lower after China devalued yuan by 2% to support economic growth and manufacturing exports. Dentsu Inc said quarterly revenues increased 15% and net soared 75%. Nitto Denko, the industrial polymers maker estimated annual sales to rise 5.4%.
- Marcus Jacob
- 11 Aug, 2015
- New York City
Australian market indexes declined after a string of weak quarterly results. Bradken and Transurban reported annual loss and Cochlear reported largest earnings decline in two years. China devalued its currency by 2% with the aim of supporting manufacturing sector.
- Mukesh Buch
- 11 Aug, 2015
- New York City
State Bank of India said quarterly profit and revenues jumped 10% and bad loans surged but said outlook is improving. Adani Enterprises revenues declined 9%. Tata Steel profit more than doubled while revenues slipped 15%. Bosch net rose 12%. Power Grid Corp net climbed 20%.
- Nigel Thomas
- 11 Aug, 2015
- New York City
Finland-based Konecranes and the U.S.-based Terex agreed to merge. Adecco net surged 32%. Leoni profit plunged 16%. Ladbrokes net swung to a loss of
- Mukesh Buch
- 11 Aug, 2015
- New York City
Envestnet agreed to acquire personal financial account aggregator Yodlee for $660 million. Shenandoah agreed to acquire NTELOS for $640 million. Ares Management net declined 32%. Symantec net tumbled 50%. Rentech net loss widened. Towers Watson net rose 8%. Zebra plunged after net swung to a loss.
- Nichole Harper
- 10 Aug, 2015
- New York City
Merger deals powered market indexes higher on Wall Street. European markets closed mixed and wholesale price index in China dropped the most in July in six years.
- Hiruki Nakamura
- 10 Aug, 2015
- New York City
Nikkei average in Tokyo closed higher and investors digested earnings reports for the third week in a row. Dai-ichi Life Insurance reported quarterly net rose 68% and revenues surged 13%. Toyo Tire & Rubber surged after estimating lower-than-expected decline in annual net income.
- Marcus Jacob
- 10 Aug, 2015
- New York City
Australian market indexes advanced after a week of volatile trading and commodities prices rebounded. Ansell Ltd annual sales rose 3.5% and net soared more than four-fold. JB Hi-Fi soared 10% and declared annual dividend of 31 cents. Carsales.com agreed to acquire Mexico-based Soloautos.
- Mukesh Buch
- 10 Aug, 2015
- New York City
Berkshire Hathaway agreed to acquire Precision Castparts for $37.2 billion and said profit declined 37% to $4.01 billion. CVR Partners plans to acquire 59.7% stake in Rentech Nitrogen. AES net tumbled 48%. Dean Foods net swung to profit. Sysco profit plunged 71%.
- Mukesh Buch
- 10 Aug, 2015
- New York City
Adani Ports said quarterly profit jumped 13% on 32% increase in revenues. Adani Power loss widened. Chambal Fertilisers profit surged 81% on 22% increase in revenues. Rural Electrification quarterly net rose 15%.
- Nigel Thomas
- 10 Aug, 2015
- New York City
Air France passenger count in July increased 2.4% to 8.9 million. Carillion secured
- Nichole Harper
- 07 Aug, 2015
- New York City
Market indexes extended losses in the week and broader indexes have lost more than 2% in the week. Latest jobs report may support the rate hike at the next meeting of policy makers. Volatile Shanghai market index jumped 2.3% and India accelerates road construction projects.
- Mukesh Buch
- 07 Aug, 2015
- New York City
Consolidated Edison net jumped 3% but revenues dropped 4%. Groupon net swung to profit. Hershey net swung to a loss. IBM plans to acquire Merge Healthcare for $1 billion. NVIDIA net tumbled 80% but revenues jumped 4%. Sothebys net plummeted 13%. Viacom net slumped 3%.
- Hiruki Nakamura
- 07 Aug, 2015
- New York City
Nikkei 225 Average extended weekly gain and trading companies and camera makers were in focus after earnings results. Konica Minolta quarterly net declined 30% and Nikon net dropped 10%. Yokogawa Electric quarterly net jumped nearly four-fold.