- Mukesh Buch
- 19 Sep, 2014
- New York City
Concur agreed to acquire by Germany-based SAP for $7.3 billion. Hyatt affiliates sell 38 hotels to Lone Star Funds for about $590 million. Marcus net declined 7%. Oracle net was flat but revenue jumped 3%. Red Hat profit jumped 15%. Tibco Software net tumbled 88%.
- Nichole Harper
- 19 Sep, 2014
- New York City
Stocks on Wall Street extended gains for the fifth day in a row and Internet stocks led the gainers. China based e-commerce platform operator, Alibaba Group soared 45% on its first day of trading.
- Nigel Thomas
- 19 Sep, 2014
- New York City
Aviva agreed to sell its stake of CxG Aviva to NCG Banco for
- Hiruki Nakamura
- 19 Sep, 2014
- New York City
Weaker yen drove stock indexes to a new multi-year high in Tokyo today. The Nikkei Stock Average gained 1.6% on Friday and jumped 4.2% in the week after the yen dropped past 109 against the dollar. Sony Corp said it will not pay annual dividend for the first time since 1958.
- Marcus Jacob
- 19 Sep, 2014
- New York City
Australian stocks closed higher and the Aussie dollar edged lower. For the week, ASX 200 index lost 1.7%. Bega Cheese signed a five-year contract worth $100 million with China based Chongqing General Trading Co.
- Mukesh Buch
- 19 Sep, 2014
- New York City
Bharti Airtel may face fines for spectrum cost and migration fee. Biocon divested 10% stake in Syngene International. GTL Infra signed a telecom tower sharing contract with Reliance Jio.
- Nichole Harper
- 18 Sep, 2014
- New York City
Stocks on Wall Street extended gains for the second day in a row after the Fed pledged to keep rates low for a considerable period after the end of bond buying program next month. The dollar against most currencies and gold and oil and other resource materials traded at multi-year low.
- Mukesh Buch
- 18 Sep, 2014
- New York City
ConAgra profit surged 229% on flat revenues. Clarcor net climbed 45%. IHS net doubled on 16% increase of revenue and raised fiscal outlook. Rite Aid net soared 290%. Red Hat agreed to acquire the mobile application provider FeedHenry. United Natural Foods net rose 4%.
- Hiruki Nakamura
- 18 Sep, 2014
- New York City
The Nikkei average in Tokyo crossed 16,000 for the first time since January and the yen plunged to a new low after currency market estimated faster rise in U.S. interest rates. Dentsu Inc, the advertising agency agreed to acquire search and performance-marketing agency Covario Inc.
- Nigel Thomas
- 18 Sep, 2014
- New York City
Bayer plans to spin off through public offering of its plastics business for about
- Marcus Jacob
- 18 Sep, 2014
- New York City
Australian market indexes edged lower after crude oil price heat a two-year low. With the weakening demand from China, coal and iron ore prices also traded lower. Arrium Limited plunged 29% after the energy explorer completed first tranche of $754 million.
- Mukesh Buch
- 17 Sep, 2014
- New York City
Auxilium Pharma received $2.2 billion offer from Endo International. Adobe net plunged 46% on flat revenues. Cracker Barrel net soared 14%. FedEx net surged 24%. General Mills net tumbled 25%. Lennar profit climbed 47%.
- Nichole Harper
- 17 Sep, 2014
- New York City
Stocks on Wall Street edged higher and reported measure of inflation declined for the first time in eighteen months. Home builder
- Nigel Thomas
- 17 Sep, 2014
- New York City
DS Smith climbed on positive outlook. Inditex net slipped 2% to