- Mukesh Buch
- 09 Apr, 2014
- New York City
Alcoa net swung to a loss on 7% decline in sales. Constellation Brands net and revenue surged. Mars agrees to acquire three brands for $2.9 Billion from Procter & Gamble. MSC Ind net declined 12%. Progressive profit jumped 4%. Tech Data net surged.
- Marcus Jacob
- 09 Apr, 2014
- New York City
Australian indexes jumped 1% and the Aussie dollar edged near 94 U.S. cents. David Jones received an unsolicited offer from South Africa based retailer and Myer Holdings withdrew its offer.
- Nigel Thomas
- 09 Apr, 2014
- New York City
Daimler estimated significant improvement in sales growth in the year. Evraz net loss in the year widened to $572 million and sales fell 2%. Chr Hansen profit jumped 6% to
- Mukesh Buch
- 09 Apr, 2014
- New York City
ABB India received a contract of $18 million from Power Grid Corp. Lupin received US regulatory approval to sale generic version of Actos of Takeda Pharma. Suzlon Energy sold its Illinois wind farm and obtained
- Mukesh Buch
- 08 Apr, 2014
- New York City
Argan net surged 39%. A. Schulman net plunged 42% but revenue soared 14%. International Speedway profit climbed 47% and revenue rose 3%. Team said net loss in the quarter widened but revenues jumped 8%. Zep net swung to loss.
- Nichole Harper
- 08 Apr, 2014
- New York City
U.S. stocks struggled to advance and a broad selloff in sectors dragged market sentiment. Investors turned cautious on stretched valuation. The International Monetary Fund trimmed its world growth projection for the current year from its earlier projection in January.
- Nigel Thomas
- 08 Apr, 2014
- New York City
Matchtech profit surged 49% and revenue climbed 12%. Suedzucker tumbled after profit plunged 32% to
- Hiruki Nakamura
- 08 Apr, 2014
- New York City
Current account swung to a surplus in Japan for the first time in five months in February. Trade deficit in the month narrowed but is expected to increase if imports sustain the momentum after the latest tax increase.
- Marcus Jacob
- 08 Apr, 2014
- New York City
Australian stocks opened lower following the weak market closes in Europe and New York and trading volume was near the low in the year so far. Australian dollar edged higher. Affinity Education Group Limited proposed to acquire a portfolio of centers for $80 million.
- Mukesh Buch
- 07 Apr, 2014
- New York City
Arthur J. Gallagher net surged 22% and agreed to acquire the insurance business of Australia-based Wesfarmers Limited for $1 billion. Energen agreed to sell Alabama Gas business to Laclede for $1.6 billion. Mallinckrodt agreed to acquire Questcor for $5.6 billion.
- Bikram Pandey
- 07 Apr, 2014
- New York City
Three large merger deals in U.S., Europe and India dominated Monday news as traders focused on highflying tech stocks. Holcim Ltd and Lafarge SA agreed to merge to form the largest cement maker. Daiichi Sankyo sells Ranbaxy stake to Sun Pharma. Mallinckrodt PLC to acquire Questcor for $5.6 billion.
- Nichole Harper
- 07 Apr, 2014
- New York City
U.S. stocks extended losses for the third day and three large merger deals were announced in India, U.S. and Europe. The market correction continues across many sectors led by 15% losses in high flying Internet stocks. Investors are anticipating 16 IPOs to be completed this week.
- Nigel Thomas
- 07 Apr, 2014
- New York City
Alfa Laval agreed to buy Norway-based Frank Mohn for 13 billion kronor. Holcim and Lafarge agreed to a merger of equals to form the world
- Hiruki Nakamura
- 07 Apr, 2014
- New York City
Stocks in Tokyo closed lower for the second day in a row. The Bank of Japan commenced its 2-day meeting that may lead to no change in its bond purchase program. Daiichi Sankyo gained 3% after the company agreed to sell Ranbaxy Laboratories for $3.2 billion.
- Marcus Jacob
- 07 Apr, 2014
- New York City
Australian stocks declined and trading volume fell to the low in the year so far following the weakness in the U.S. markets on Friday. Australian dollar held firm near the high in the year.