- Devan Biswas
- 12 May, 2014
- New York City
Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion in cash and stock. Including the debt, the deal is valued at $6.6 billion. Separately, Allergan board rejected Valeant Pharmaceutical unsolicited offer of $50 billion.
- Nichole Harper
- 12 May, 2014
- New York City
Tech stocks led the S&P 500 index to a new high and deal news dominated Monday trading. Allergan rejected Valeant Pharmaceutical unsolicited offer. Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion.
- Nigel Thomas
- 12 May, 2014
- New York City
Alstom secured a
- Hiruki Nakamura
- 12 May, 2014
- New York City
The Ministry of Finance said Japan
- Hiruki Nakamura
- 12 May, 2014
- New York City
Japan
- Marcus Jacob
- 12 May, 2014
- New York City
Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.
- Mukesh Buch
- 12 May, 2014
- New York City
Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.
- Mukesh Buch
- 09 May, 2014
- New York City
ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.
- Bikram Pandey
- 09 May, 2014
- New York City
New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.
- Devan Biswas
- 09 May, 2014
- New York City
April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.
- Nigel Thomas
- 09 May, 2014
- New York City
Publicis and Omnicom mutually agreed to terminate their $35 billion proposed merger. Petrofac plunged after weak forecast. Telefonica net tumbled 23% to
- Nichole Harper
- 09 May, 2014
- New York City
U.S. stocks struggled to rise above flat lines as deal talks dominated markets sentiment. Apple is in talks to acquire Beats Electronics for as much as $3 billion. Omnicom Group and Publicis Groupe abandoned $35 billion merger.
- Bikram Pandey
- 09 May, 2014
- New York City
Apple Inc in is in talk to acquire Beats Electronics for as much as $3 billion that will include its headphone business and musich service division. The Beats deal will be the largest acqusition in Apple''s history.
- Hiruki Nakamura
- 09 May, 2014
- New York City
In short trading week, Nikkei index in Tokyo trimmed weekly losses and investors focused on the latest batch of earnings. Konica Minolta said annual net increased 44.5%. Marubeni annual sales rose 28% and net soared 62%. Suzuki Motor annual sales rose 14% and net advanced 34%.
- Marcus Jacob
- 09 May, 2014
- New York City
Australian markets indexes turned lower and trading volume dipped near the low of the year. Reserve Bank of Australia held out for low interest rate in its quarterly policy statement. Federal government is scheduled to release its annual financial budget on Tuesday.