- Mukesh Buch
- 11 Dec, 2014
- New York City
Government approved to close down EIL unit in Malaysia. M&M agreed to acquire a stake in Sweden-based Saab. NTPC signed two term loan agreements worth Rs 3,000 crore. ONGC won an offshore oil and gas exploration block in New Zealand.
- Nichole Harper
- 10 Dec, 2014
- New York City
Stocks in New York and in Europe extended two-day losses after crude oil deepened losses on a weak outlook from the OPEC. The 12-member organization estimated world demand for its oil to drop to a 12-year low in 2015.
- Mukesh Buch
- 10 Dec, 2014
- New York City
Belden agreed to acquire Portland-based privately-held Tripwire for $710 million. Costco net soared 17% on 7% increase in revenues. Comverse net tumbled 96%. Ferrellgas net loss widened. Krispy Kreme profit climbed 19%. Korn-Ferry net soared 35.1%. Toll Brothers net surged 39%.
- Hiruki Nakamura
- 10 Dec, 2014
- New York City
Market averages in Tokyo plunged 2.2% after investors reacted to the growing political turmoil in the euro zone. Greece is likely to delay its exit from the bailout and may not meet the terms set by the troika of international lenders. Skymark and ANA may enter into a code share alliance.
- Marcus Jacob
- 10 Dec, 2014
- New York City
Australian market indexes opened lower on a weakness in banks and resource sector after Greek political turmoil lowered market indexes in Europe. Seasonally adjusted new home loans in Australia increased 0.3% to nearly 52,000 in October.
- Mukesh Buch
- 10 Dec, 2014
- New York City
BHEL plans to set up a solar photo-voltaic unit in Maharashtra. Cipla sold 48% stake in Jiangsu and RCapital sold 16% stake in Yatra.com. Tata Power acquired Ideal Energy Projects in Maharashtra. RIL and Chinese firm are in a textile joint venture.
- Nichole Harper
- 09 Dec, 2014
- New York City
Market indexes on Wall Street and in Europe fell more than 1% after Greek political crisis plunged Athens benchmark index more than 13%. In addition, China tightened lending restrictions and held out for slower growth in the second largest economy in the world.
- Mukesh Buch
- 09 Dec, 2014
- New York City
AutoZone net jumped 3% on 8% increase in revenues. Argan net increased 4%. Burlington Stores and H & R Block net loss widened. Conn''''s net swung to a loss. Verizon declined despite positive outlook.
- Hiruki Nakamura
- 09 Dec, 2014
- New York City
Nikkei and Topix indexes closed lower after analysts held out for weaker yen in the next six months. Oil futures declined to a five-year low and metals trended lower after speculators exit the market. Token Corporation, the construction company reported first-half results in line with expectations.
- Marcus Jacob
- 09 Dec, 2014
- New York City
Australian market indexes plunged following a sharp decline in oil and gold prices. Australia
- Nigel Thomas
- 09 Dec, 2014
- New York City
ASOS total group revenues climbed 8% to
- Mukesh Buch
- 09 Dec, 2014
- New York City
HCL won a customer service software contract from the U.S.-based Washington Gas. IOCL plans to set up LNG terminal in Tamil Nadu. ITC plans to invest Rs 1,000 crore into dairy and juice business. Sun Pharma received approval from the antitrust regulator to acquire.
- Nichole Harper
- 08 Dec, 2014
- New York City
Market indexes on Wall Street traded lower and crude oil futures declined nearly 4% to a five-year low. China reported record trade surplus in November partly on the cheaper oil and commodities imports and buyers delay oil purchase on the prospect of weaker oil.
- Mukesh Buch
- 08 Dec, 2014
- New York City
Blackstone Group agreed to sell its portfolio of 26 office buildings in Northern California for $3.5 billion. Ingles Markets net climbed 13%. Merck agreed to acquire Cubist Pharmaceuticals for about $9.5 billion. McDonald November sales plunged. Vail Resorts net loss narrowed.