- Nichole Harper
- 11 Jul, 2014
- New York City
Reynolds America and Lorillard confirmed merger talks that could create a combined entity worth $56 billion. World markets extended weekly losses after fresh bank health worries in Europe and Cotton prices hit a two-year low and oil eased.
- Mukesh Buch
- 11 Jul, 2014
- New York City
Cray won $174 million contract from National Nuclear Security Administration. Fastenal profit and sales climbed. PriceSmart net surged 15%. Whirlpool plans to buy 67% voting stock of Italy-based Indesit for $1.03 billion. Wells Fargo net jumped 4%.
- Nigel Thomas
- 11 Jul, 2014
- New York City
Aker Solutions prepared to split into two and write down 1.6 billion kroner of assets. Friends Life divests its Lombard unit to Blackstone. Imperial Tobacco is in asset purchase talk with the U.S.-based Reynolds American and Lorillard. Whirlpool acquired a majority stake in Italy based Indesit.
- Hiruki Nakamura
- 11 Jul, 2014
- New York City
Stocks in Tokyo declined following market weakness across the euro zone and the yen advanced for the second day in a row. Fast Retailing declined 2% after the retailer lowered its annual earnings outlook for the second time on losses linked to its premium-denim unit.
- Mukesh Buch
- 11 Jul, 2014
- New York City
Britannia sold its factory land in Chennai for Rs 172 crore. Cera Sanitaryware net climbed 22% and revenue soared 28%. Himachal Futuristic sales and profit surged. Infosys net profit dropped 4% and helds fiscal outlook. Jay Bharat Maruti net jumped 33%.
- Marcus Jacob
- 11 Jul, 2014
- New York City
Australian market indexes gained and Aussie dollar closed below 94 U.S. cents. Fortescue Metals quarterly production increased but annual production fell below guidance. Transfield Services won $250 million military base management contract.
- Nichole Harper
- 10 Jul, 2014
- New York City
Market indexes on Wall Street dropped as much as 1.5% after fresh worries resurfaced on European bank health. Portugal suspended trading in troubled Espirito Santo after the bank failed to meet its debt obligation. U.S.
- Mukesh Buch
- 10 Jul, 2014
- New York City
CHC Group net loss in the quarter widened. Family Dollar profit plunged 33% and sales rose 3%. Gencorp quarterly net loss widened. Progressive Corp net declined 10% on 5% increase in revenues. WD-40 quarterly net was flat.
- Nigel Thomas
- 10 Jul, 2014
- New York City
Burberry revenue climbed 17% to
- Hiruki Nakamura
- 10 Jul, 2014
- New York City
Stocks in Tokyo trading declined for the fourth day in a row and core machinery orders plunged 14.5% in May following 9% decline in April. Kaneko Seeds fiscal year sales increased 4.6% and net income surged 29%.
- Marcus Jacob
- 10 Jul, 2014
- New York City
Australian stocks rebounded after a sharp fall of 1% in yesterday
- Mukesh Buch
- 10 Jul, 2014
- New York City
Bharti Airtel divest approx 3,100 towers in four countries in Africa to Helios Towers. ONGC Videsh priced unsecured bonds worth $1.5 billion and
- Mukesh Buch
- 09 Jul, 2014
- New York City
Alcoa net swung to profit on flat revenues. AeroVironment net swung to profit. Capstone Turbine won first order from Oman. MSC Industrial jumped 4% on 13% increase in revenue. ServiceNow agreed to acquire Neebula Systems for $100 million.
- Nichole Harper
- 09 Jul, 2014
- New York City
U.S. stocks traded sideways and investors remained cautious after Alcoa Inc kicked off the latest earnings season with better than expected results. Citigroup is nearing a settlement of $7 billion for charges linked to mortgage securities fraud.
- Nigel Thomas
- 09 Jul, 2014
- New York City
Admiral Group first-half revenues declined to