- Mukesh Buch
- 22 Dec, 2014
- New York City
Bajaj Auto secured an order for 1,25,000 motorcycles from Sri Lanka. BHEL secured acontract worth
- Nichole Harper
- 19 Dec, 2014
- New York City
Stocks were steady after the last two-day surge of 4.5% in market indexes on Wall Street. Oil price rebounded 3% and gold edged up. Russian ruble rose to level below 60 against one dollar and European markets closed higher as Greece prepares for snap election.
- Hiruki Nakamura
- 19 Dec, 2014
- New York City
Market indexes in Japan closed up 2.4% and for the week, the Nikkei index gained 1.4%. The yen resumed its downward decline and flirted with 120 mark against one dollar.
- Mukesh Buch
- 19 Dec, 2014
- New York City
BlackBerry net loss narrowed despite a plunge of 33% in revenues. CarMax net climbed 22% on 16% increase in revenues. Cintas profit surged 42%. Finish Line tumbled 19% despite higher profit and net sales. Paychex net jumped 9%. Red Hat net declined 8% but revenues soared 15%.
- Marcus Jacob
- 19 Dec, 2014
- New York City
Australian market indexes soared 2.5% and the Aussie traded near its recent years low. For the week, the ASX index gained 2%. CBG Capital and Catapult Group completed public offerings. Santos canceled its euro denominated offering and arranged $1 billion bank loan.
- Nigel Thomas
- 19 Dec, 2014
- New York City
Atos agreed to acquire Xerox
- Mukesh Buch
- 19 Dec, 2014
- New York City
IVRCL sold its stake in Chennai desalination plant worth Rs 110 crore to Dubai-based Utico FZC. Jyoti Structures won several domestic and export contracts. Jindal Steel raised Rs 1,000 crore through debenture. Petron Eng won twin orders worth Rs 24 crore.
- Nichole Harper
- 18 Dec, 2014
- New York City
Stock markets around the world extended gains for the second day in a row after the Fed showed a patient approach to the rate increase and lowered inflation and jobless estimates. European markets soared between 2% and 3%. Gold and oil traded with downward bias.
- Mukesh Buch
- 18 Dec, 2014
- New York City
Accenture net soared 11% on 7% increase in revenues. Actuant net declined 31%. ACE agreed to acquire the U.S.-based Fireman''''s Fund from Allianz SE for $365 million. ConAgra profit tumbled 96% and sales dropped 2%. Rite Aid net surged 47%. Scholastic net soared 18%.
- Nigel Thomas
- 18 Dec, 2014
- New York City
Fortune Oil agreed to acquire by Fortune Dynasty Holdings for
- Marcus Jacob
- 18 Dec, 2014
- New York City
Stocks in Australia closed higher following a rebound in Asian markets after the U.S. Fed left its key rate unchanged showed patience towards rate hike in 2015. Lovisa Holdings completed its $2 a share initial public offering and said annual sales rose 30%.
- Hiruki Nakamura
- 18 Dec, 2014
- New York City
Stocks in Japan shot up following a surge in U.S. market indexes after the Fed appeared to be in no hurry to advance rate hike schedule in 2015. Adventure, the online air ticket site operator, soared 87% on debut. Dairei Co and Gumi closed below initial public offering prices.
- Mukesh Buch
- 17 Dec, 2014
- New York City
FedEx net soared 23% on 5% increase in revenues. General Mills net declined 37%. Herman Miller net swung to profit. Jabil Circuit profit tumbled 39% despite revenues climbed 5%. Oracle net dropped 2%.Worthington Ind net jumped 28%.
- Nigel Thomas
- 17 Dec, 2014
- New York City
Dixons Carphone net loss widened despite revenues surged nearly three-fold. Evraz delayed initial public offering of its North American unit.
- Mukesh Buch
- 18 Dec, 2014
- New York City
Godrej Ind sold stake in Godrej Properties and raised Rs 75 crore. IOCL started refinery of 15 million metric ton per year capacity in Odisha. L&T and Canada Pension Plan Investment Board invested Rs 1,000 crore in subsidiary of L&T.