- Marcus Jacob
- 14 Jul, 2014
- New York City
Australian indexes advanced in thin trading dominated by small cap stocks. Aussie dollar held firm and investors turned optimistic ahead of earnings season this week. Shareholders approved David Jones merger with South Africa based Woolworths Holdings.
- Mukesh Buch
- 14 Jul, 2014
- New York City
Aecom Technology agreed to buy URS Corp for $4 billion. Citigroup net tumbled 96% and agreed to pay $7 billion to settles mortgage securities related charges. Mylan is in talks to acquire non-U.S. drugs portfolio of Abbott for about $5.3 billion.
- Hiruki Nakamura
- 14 Jul, 2014
- New York City
Stocks in Tokyo rebounded after a week of sharp losses and industrial output jumped in May. Softbank entered into a preliminary agreement to acquire U.S. based wireless carrier T-Mobile.
- Nigel Thomas
- 14 Jul, 2014
- New York City
Shire received revised offer from the AbbVie of
- Mukesh Buch
- 14 Jul, 2014
- New York City
Polaris Financial gained after Orbitech sold 6,16,400 shares at Rs 226.93. Titan closed its two gold deposit schemes and expected to record sales in August. Tata Power seek shareholders approval to raise Rs 7,000 crore. Unichem Lab net declined but revenue jumped.
- Bikram Pandey
- 11 Jul, 2014
- New York City
Lorillard and Reynolds America confirmed merger talks and if successful the combined company will have $56 billion of worth. If consummated, the merger will combine the second- and third-largest tobacco makers.
- 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