- Nichole Harper
- 18 May, 2015
- New York City
Stocks on Wall Street overcame morning weakness and traded higher on merger deals. Confidence index measuring home builders declined in May. U.S. Treasury bonds edged lower and the S&P 500 and the Dow Jones index traded at record highs. Luxury goods makers sue China based Alibaba.
- Mukesh Buch
- 18 May, 2015
- New York City
Ascena Retail agreed to acquire apparel retailer Ann for $2 billion. Par Pharmaceutical agreed to be acquire by U.K.-based Endo International for $8 billion. Elbit Systems net declined 8% but revenues jumped 4%. Kite Pharma net loss widened. W.P. Carey net tumbled 69%.
- Nigel Thomas
- 18 May, 2015
- New York City
Endo International agreed to acquire the U.S.-based Par Pharmaceutical for $8 billion. Babcock Intl profit surged 42% on 21% increase in revenues. Cranswick net declined 4%. Kabel Deutschland net swung to profit to
- Hiruki Nakamura
- 18 May, 2015
- New York City
Nikkei average in Tokyo closed at a 3-week high after machinery orders increased in March rose 2.9%. Insurance company stocks jumped after Dai-ichi Life lifted dividend payout. Marubun Corp said annual net rose 7.6%.
- Marcus Jacob
- 18 May, 2015
- New York City
Australian market indexes declined 1.3% and the Aussie dollar traded above 80 U.S. cents. Australian vehicles sales in April declined 1.5% to below 95,000. South32 Limited began trading as a separate mining company after BHP completed the spin-off.
- Mukesh Buch
- 18 May, 2015
- New York City
Sensex in Mumbai advanced on the rate cut prospects and normal monsoon season. Asian Paints said net climbed 19%. Jain Irrigation net and revenues surged. Nestle India net jumped 24%. Tata Coffee net more than doubled on 13% increase in revenues. Torrent Pharma net plunged 47%.
- Nichole Harper
- 15 May, 2015
- New York City
Market indexes on Wall Street extended losses for the fourth day in a row after weak consumer sentiment and industrial production data. SEC said it is looking to hoax bid for Avon Products. Carl Icahn, activist investor has invested $100 million in cab hailing service Lyft Inc.
- Mukesh Buch
- 15 May, 2015
- New York City
Arista Networks net soared 99% on 53% jump in revenues. Applied Materials net climbed 39%. Dillard''s net dropped 2%. Eagle Materials net more than doubled. Nordstrom profit plunged 9%. Symantec net tumbled 19%.
- Nigel Thomas
- 15 May, 2015
- New York City
British Land net surged 54% to
- Hiruki Nakamura
- 15 May, 2015
- New York City
Nikkei average rebounded in Tokyo. Dentsu Inc and Marui Group joined other Japanese corporation in announcing share buyback plans and increasing dividend payout. Sharp Corp plunged after the company announced a restructuring plan that many felt did not go far enough.
- Marcus Jacob
- 15 May, 2015
- New York City
Australian market indexes increased 0.7% and extended weekly advance to 1.8%. Aussie dollar traded above 80 U.S. cents and prices of crude oil and gold closed higher in volatile trading.
- Mukesh Buch
- 15 May, 2015
- New York City
Dena Bank and Bank of Maharashtra reported rising loan losses and weak earnings as corporations struggle to lift earnings. Cadila net in the quarter soared 47%. GSFC net and revenues declined. Infosys net falls 5%. JK Tyre surged 136%. Jubilant Food climbed 26% on 25% increase in revenues.
- Nichole Harper
- 14 May, 2015
- New York City
Market indexes on Wall Street advanced and broader indexes traded near record highs and yield on 10-year U.S. treasury bond edged down to 2.25%. Wholesale prices fell in April and weekly jobless claims hovered near 15-year lows.
- Mukesh Buch
- 14 May, 2015
- New York City
Cisco net soared 12% on 5% increase in revenues. Children
- Nigel Thomas
- 14 May, 2015
- New York City
3i Group net climbed 35% to