- Mukesh Buch
- 11 Jun, 2014
- New York City
Ares Management net and revenue surged. H&R Block net climbed 37% and sales soared 18%. Synaptics lifted its revenue outlook and agreed to acquire Japan-based Renesas SP Drivers for $475 million. Ulta Salon net jumped 19% and revenue surged 23%.
- Nigel Thomas
- 11 Jun, 2014
- New York City
CommerzBank sold non-performing loans portfolio for
- Hiruki Nakamura
- 11 Jun, 2014
- New York City
Stocks in Tokyo advanced a day after trading lower and extended 14-day gain and the yen closed lower. Wholesale prices in May rose at the fastest pace in 5% on sales tax increase. Nissan is scheduled to launch its first electric vehicle in domestic market in October.
- Marcus Jacob
- 11 Jun, 2014
- New York City
Trading in Australian stocks remained subdued as large and foreign investors stayed away from leading resource companies in Australia. Aussie dollar advanced as currency traders forecasted parity with the U.S. dollar. Downer EDI plunged after BHP cancelled a mining contract.
- Mukesh Buch
- 11 Jun, 2014
- New York City
Future Retail to raise up to Rs. 2,000 crore to reduce the debt. Indian Hotels received regulatory approvals to raise as much as Rs 1,000 crore through a rights issue. L&T plans to sell 1.6% stake in its financial services unit. SBI to consolidate several subsidiaries.
- Mukesh Buch
- 10 Jun, 2014
- New York City
Burlington Stores net swung to profit after sales soared. HD Supply net loss narrowed but sales climbed 6%. International Game Technology hired bankers. Metlife plans to repurchase shares up to $1 billion. Pep Boys net tumbled 59%. RadioShack net loss widened.
- Nichole Harper
- 10 Jun, 2014
- New York City
Stocks on Wall Street searched for a direction after rising in seven of last eight sessions. S&P 500 index has rebounded 7.5% from the low in April and gained 5.4% in the year so far.
- Nigel Thomas
- 10 Jun, 2014
- New York City
CML Microsystems profit climbed 18% and revenue fell 1%. Carclo profit surged 48%. Phoenix IT Group pre-tax loss narrowed to
- Hiruki Nakamura
- 10 Jun, 2014
- New York City
Stocks in Tokyo halted after a 12-day rally and the yen gained on the growing speculation that Bank of Japan stimulus steps are working through the economy. Token Corp fiscal sales rose 7%.
- Marcus Jacob
- 10 Jun, 2014
- New York City
Stocks in Australia closed lower in thin trading following higher market index opening. Active trading in smaller companies dominated extending the trend in place for the last three months. Australian dollar closed higher.
- Mukesh Buch
- 10 Jun, 2014
- New York City
Eros agreed to acquire a controlling stake in Universal Power System. Geometric signed maintenance contract with Sweden-based AB Volvo. HDFC Bank trimmed its stake in Reliance Ports. Tata Power increased its power generation capacity in Maharashtra with the launch of solar power plant.
- Nichole Harper
- 09 Jun, 2014
- New York City
U.S. market indexes gained and deal news dominated. Merck agreed to acquire Identix Pharmaceuticals, the maker of experimental Hepatitis C drugs for $24.50 a share or about $3.9 billion. Tyson Foods made a binding deal to Hillshire Brands and offered $63 a share in cash or $7.8 billion
- Mukesh Buch
- 09 Jun, 2014
- New York City
American Energy agreed to acquire oil and gas assets in Texas, Ohio and West Virginia for $4.25 billion. Analog Devices acquired Hittite Microwave for $2 billion. Merck agreed to acquire Idenix for $3.85 billion. Tyson Foods makes a binding offer for Hillshire Brands in $7.8 billion.
- Nigel Thomas
- 09 Jun, 2014
- New York City
Metrovacesa agreed to sell 27% stake in Gecina at
- Hiruki Nakamura
- 09 Jun, 2014
- New York City
Market indexes in Tokyo extended rally to the 12th day and the yen held firm near its 3-month average. Mobile telecom companies were in focus as the industry gears up for flat pricing plans. March quarter GDP estimate was revised higher to 6.7%.