- Nichole Harper
- 10 Apr, 2015
- New York City
Stocks powered ahead on Wall Street and banks are scheduled to release earnings next week. General Electric announced to sell its GE Finance unit and return to shareholders as much as $90 billion by 20108. Asian markets continued to climb higher as indexes in China, India and Japan extend gains.
- Mukesh Buch
- 10 Apr, 2015
- New York City
Constellation Brands net surged 37%. Excel Trust surged after it agreed to be acquired by Blackstone Property Partners for $15.85 per share. Fidelity National Information Services plunged on weak outlook. GE plans to divest real estate portfolio to Blackstone Group and Wells Fargo for $23 billion.
- Hiruki Nakamura
- 10 Apr, 2015
- New York City
Market indexes in Japan participated in Asia-wide rally as global investors shift attention away from the U.S. The popular Nikkei 225 Average briefly traded above 20,000 and the index in the week jumped 2.4%. Daiken Corp said net income in the year declined 9%.
- Nigel Thomas
- 10 Apr, 2015
- New York City
Carrefour said first-quarter sales soared 6% to
- Mukesh Buch
- 10 Apr, 2015
- New York City
Industrial production in February accelerates to the fastest pace in nine months. Foreign investors continued to lift exposure to stocks and favoured three rating agencies. IndusInd Bank agreed to acquire diamond & jewellery financing business worth $712 million from Scotland-based Royal Bank.
- Marcus Jacob
- 10 Apr, 2015
- New York City
Australian market indexes extended weekly gains and Aussie dollar closed unchanged. Seasonally adjusted home loans approvals in February increased 1.2% from the previous month. Bradken rejected the latest takeover proposal.
- Nichole Harper
- 09 Apr, 2015
- New York City
Market indexes on Wall Street struggled to advance and crude oil gained and weekly jobless claims rose less than expected. European markets advanced after German industrial production rose. Bank of England left its key lending rate on hold.
- Mukesh Buch
- 09 Apr, 2015
- New York City
Alcoa net swung to profit. Apache sell its Australian unit for $2.1 billion. Apogee net surged 73%. Bed Bath & Beyond profit dropped 4%. Buckle March comparable sales slid 0.5%. Costco sales in March fell 2%. Cato same-store sales soared 12%. Walgreens Boots Alliance net surged.
- Nigel Thomas
- 09 Apr, 2015
- New York City
The increase in German industrial production offered the latest evidence of the growing momentum in the largest economy in the euro zone. Bank of England as expected held its reference interest rate. Mylan offered to buy generic drug maker Perrigo for $28.9 billion.
- Hiruki Nakamura
- 09 Apr, 2015
- New York City
Nikkei 225 index in Japan extended the latest advance and closed at a new 15-year high. Weak commodities and yen, supported the gain in indexes. Aeon Mall said revenue in the fiscal year increased 15%. J. Front reported flat sales but earnings tumbled 37%.
- Marcus Jacob
- 09 Apr, 2015
- New York City
Weakening commodities prices in Australia and international markets dragged stock market indexes in Sydney. Construction industry sector index rebounded in March to show an expansion. AGL Energy agreed to gas delivery deal with BHP and Esso Australia for three years.
- Mukesh Buch
- 09 Apr, 2015
- New York City
Wireless telecom stocks declined after the regulatory agency lowered the upper limit on the roaming charges. Reliance Industries extended 2-day rally to 7% after the company is said to have discovered new natural gas field at its KG D6 basin. Vertex plans to increase its stake in GVK Power to 15.24%
- Nichole Harper
- 08 Apr, 2015
- New York City
U.S. stocks lacked direction and crude oil plunged more than 6% to $50 a barrel. The Fed minutes showed that several rate committee members were inclined to wait for the momentum in inflation and wage growths before lifting rates as early as June.
- Mukesh Buch
- 08 Apr, 2015
- New York City
Global Payments net soared 14% on 8% increase in revenues. MSC Industrial net jumped 4%. Rite Aid net surged after reduction of deferred tax asset valuation. RPM Intl net swung to a loss but revenues climbed 10%. Team net swung to profit.
- Nigel Thomas
- 08 Apr, 2015
- New York City
easyJet said passenger traffic in March climbed 7.5% to 5.49 million. Royal Dutch Shell agreed to acquire BG Group for