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Shares of IBM plummeted Monday after earnings collapsed on a $4.7 billion charge and weak sales raised questions about the technology giant''s efforts to remake itself. Third-quarter earnings sank from $4.0 billion a year ago period to just $18 million, mainly due to a charge for offloading its money-losing microchip business to GlobalFoundries, a deal also announced Monday.

German retail giant Metro AG on Monday reported a four-percent decline in its yearly sales to 63 billion euros ($80 billion), largely because of a strong euro and divestments. However the group said it would still meet its pre-tax operating profit of 1.75 billion euros for its 2013-2014 financial year, the full details of which would be given on December 16.
Wal-Mart, the world's largest retailer on October 15 cut its sales forecast for its next fiscal year and projected a drop in capital spending. Wal-Mart Stores said it now expected sales would grow between two and three percent in fiscal year 2015 that begins February 1, down from the previous forecast of three percent to five percent. For fiscal 2016, the US retail giant projected sales growth of two-four percent.
Bajaj Auto, India's No 2 motorcycle maker by sales, said second-quarter net profit dropped by almost a third, hit by a one-off charge relating to taxes which it was found to owe a northern Indian state. Bajaj said net profit for the July-September quarter fell 29 percent to 5.91 billion Indian rupees ($96 million) compared with the same period a year ago, after accounting for the charge of 3.4 billion rupees.
Thai full-service carrier Bangkok Airways Co Ltd has priced its initial public offering (IPO) at 25 baht (0.77 US cents) per share, as it raises 13 billion baht ($401 million) to fund expansion, people with knowledge of the matter said on Saturday. The IPO price was in the middle of the range of 23 and 27 baht, the sources, who declined to be identified, told Reuters.
Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with US regulators on Thursday for an initial public offering of common stock. The Irvine, California-based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The company, which operates the Habit Burger Grill chain of restaurants, offers charburgers, sandwiches and milk shakes.
Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. The bank's shares were up 2.7 percent at $33.40 in morning trading on Friday as both profit and revenue handily beat analysts' average forecast.


Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln