- Hiruki Nakamura
- 25 Aug, 2014
- New York City
Market indexes in Tokyo extended two-week gains and the Topix index is close to erasing its loss in the year-so-far. Chugai Pharma dropped 9% after Roche decided not to bid for the remaining 40% stake. Press Kogyo reported better than expected sales.
- Marcus Jacob
- 25 Aug, 2014
- New York City
Australian indexes turned lower from six-year highs and the Aussie dollar closed at a new yearly high against the euro. Resource stocks were lower after iron ore prices declined to a two-month low and Moody
- Nichole Harper
- 22 Aug, 2014
- New York City
Stocks on Wall Street advanced and the S&P 500 index is set to gain the most since April. Dynegy agreed to acquire 12,500 megawatts of coal and gas power plants for more than $6 billion.
- Mukesh Buch
- 22 Aug, 2014
- New York City
Dynegy agreed to acquire coal and gas assets from Duke Energy and Energy Capital Partners for $6.3 billion. Foot Locker net soared 39%. Gap profit jumped 10%. Hibbett Sports net plunged 20%. Nordson fell 2%. Ross Stores net soared 12%. Salesforce.com net swung to a loss.
- Nigel Thomas
- 22 Aug, 2014
- New York City
Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of
- Hiruki Nakamura
- 22 Aug, 2014
- New York City
Stocks in Tokyo closed lower and for the week the Nikkei index gained 1.5%. The yen weakened and construction companies led the market decline. The yen registered the largest weekly loss since March.
- Marcus Jacob
- 22 Aug, 2014
- New York City
Australian indexes extended gains by 0.1% and gained 1.4% in the week on better than expected domestic earnings. In the coming week, Qantas Airways, Woolworths and WorleyParsons are scheduled to release earnings.
- Mukesh Buch
- 22 Aug, 2014
- New York City
Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.
- Nichole Harper
- 21 Aug, 2014
- New York City
U.S. market indexes traded higher after morning weakness. Bank of America agreed to pay $16.5 billion in fees and settlements to the U.S. Department of Justice. Family Dollar rejected $9 billion offer from Dollar General on anti-trust approval worries.
- Mukesh Buch
- 21 Aug, 2014
- New York City
Buckle net fell 2%. Dollar Tree net slipped 3% while sales jumped. Family Dollar rejected $9 billion acquisition offer of Dollar General. Hewlett-Packard profit plunged 29% after revenue barely rose 1%. L Brands net climbed 5%. Sears net loss widened.
- Nigel Thomas
- 21 Aug, 2014
- New York City
Costain profit doubled after revenue soared 18% to
- Hiruki Nakamura
- 21 Aug, 2014
- New York City
Stocks in Tokyo closed higher and extended two-week advance and the weaker yen helped corporate earnings. The latest private survey showed manufacturing in Japan increased in August but the growth rate declined in China.
- Mukesh Buch
- 21 Aug, 2014
- New York City
Bhushan Steel declined 52-week low after financial crises and net debt jumped to $5.9 billion. Electrotherm India net loss widened. Maxwell profit rose 3%. Shilpa Medicare net climbed 13%. Signet net jumped 11%.
- Marcus Jacob
- 21 Aug, 2014
- New York City
Australian market indexes extended gains for the sixth session in a row but gains were trimmed in the afternoon after a private survey in China showed a marked decline in growth in manufacturing. Breville plunged 18% after CEO Jack Lord resigned. AMP net declined 3%.
- Mukesh Buch
- 20 Aug, 2014
- New York City
American Eagle net tumbled 70%. Hertz plunged after the rental services provider withdrew its outlook. Lowe