- Mukesh Buch
- 18 Jul, 2014
- New York City
AbbVie agreed to acquire Shire for $54.8 billion. Bank of New York Mellon net plunged 33%. GE profit surged 13%. Google net jumped 6% and revenue soared 22%. Honeywell net rose 8%. IBM profit surged 28%. Johnson Controls plunged 68%. VF Corp net climbed 14%.
- Hiruki Nakamura
- 18 Jul, 2014
- New York City
Stocks in Japan fell on the last day of the week and the Nikkei pared weekly advance to 0.3%. Resource and energy explorers advanced after oil rose in international markets on the rising tensions between Russia and Europe. Yaskawa Electric, the robot maker gained 4% on 33% rise in quarterly net.
- Nigel Thomas
- 18 Jul, 2014
- New York City
Shire accepted
- Marcus Jacob
- 18 Jul, 2014
- New York City
Stocks in Sydney recovered from early losses as tensions rose between Russia and Europe and Israel offensive also roiled oil market. Santos Limited quarterly sales rose 22%.
- Mukesh Buch
- 18 Jul, 2014
- New York City
Bajaj Holdings net soared 18%. Greenply profit surged 34%. MindTree net climbed 31%. Seamec won a five-year contract worth $15 million from ONGC. Wipro secured contracts of ten years from ATCO in Canada and Australia. Zee net declined 6% but revenue jumped 8%.
- Mukesh Buch
- 17 Jul, 2014
- New York City
Baker Hughes net surged 47% on 8% increase of revenue. Danaher net jumped 9%. eBay profit advanced 6% and sales climbed 13%. Morgan Stanley net surged 131%. Philip Morris net declined 13%. SanDisk tumbled on outlook.
- Bikram Pandey
- 17 Jul, 2014
- New York City
Microsoft announced its largest job cut in the company''s history and second largest reduction since 2009. The software developer will focus on mobile and cloud computing and retrench from its recently acquired handset maker Nokia Group for $7.2 billion.
- Nichole Harper
- 17 Jul, 2014
- New York City
Stocks on Wall Street dropped after geopolitical tensions rose. Malaysian Airlines passenger jet was shot down by a missile over the Ukrainian airspace. Oil and gold gained and the dollar advanced and market indexes in Europe and New York fell. Microsoft announced its deepest job cut.
- Hiruki Nakamura
- 17 Jul, 2014
- New York City
The yen gained 0.2% and market indexes in Tokyo closed lower led by a fall in freight shipping and financial brokerage companies. Investors turned cautious ahead of the revision on the economic update schedule to release after market close. Sumitomo Electric Industries Ltd revised its full-year outlook.
- Nigel Thomas
- 17 Jul, 2014
- New York City
Liberty Global agreed to acquire ITV for
- Marcus Jacob
- 17 Jul, 2014
- New York City
Resource stocks traded higher in Australia after mining companies reported higher quarterly production. Guildford Coal received unsolicited offer for its coal assets. Mount Gibson reported record annual sales and production. Woodside Petroleum second quarter oil production increased 17.5%.
- Mukesh Buch
- 17 Jul, 2014
- New York City
Bajaj Auto profit edged up. Crompton Greaves plans to split its consumer products business unit into a separate listed company. CMC net plunged 35%. Gruh Finance profit climbed 24%. Lakshmi Vilas Bank net surged 34%. TCS revenue and profit surged. Vakrangee net soared.
- Nichole Harper
- 16 Jul, 2014
- New York City
Stocks on Wall Street traded higher after Time Warner rejected $80 billion offer from 21st Century Fox. Rupert Murdoch said he is prepared to increase his offer and set in motion a long fight to acquire the media giant.
- Hiruki Nakamura
- 16 Jul, 2014
- New York City
Earnings announcements were in focus in Tokyo and retailers reported better than expected earnings. The yen closed below 102 mark against the dollar after comments from the Fed Chair Janet Yellen.
- Marcus Jacob
- 16 Jul, 2014
- New York City
Resource stocks in Australia traded higher after China reported better than expected economic growth in the second quarter. Fortescue Metals soared after iron ore shipments in the second quarter were ahead of estimates. Rio Tinto also reported better than expected iron ore production.