- Nichole Harper
- 08 Jul, 2014
- New York City
Stocks on Wall Street edged lower ahead of earnings season and worries linked to stretched valuation. AbbVie revised its offer for UK listed Shire Plc for the third time and offered $51 billion.
- Mukesh Buch
- 08 Jul, 2014
- New York City
AbbVie revised its takeover offer for $51.5 billion after rejecting of three previous offers. Delta Air Lines reduced its flights on dispute with Venezuela. Macquarie Infrastructure agreed to acquire the remaining 50% stake of Intl-Matex Tank Terminals for $1 billion.
- Hiruki Nakamura
- 08 Jul, 2014
- New York City
Stocks in Tokyo closed lower and the yen traded nearly unchanged. Japan
- Nigel Thomas
- 08 Jul, 2014
- New York City
Air France plunged after weak fiscal outlook. Marks and Spencer first-quarter sales jumped 2.3%. Monitise lowered its revenue forecast. Shire received third takeover offer from AbbVie. SIG said sales climbed 6.5% to
- Marcus Jacob
- 08 Jul, 2014
- New York City
Australian market indexes closed down after trading in a narrow range. Trading volume was weak even though banks and resource stocks dominated the session. Aristocrat Technologies raised $375 million for its $1.4 billion bid to acqure Video Gaming Technologies.
- Mukesh Buch
- 08 Jul, 2014
- New York City
Cipla plans to invest up to
- Nichole Harper
- 07 Jul, 2014
- New York City
Stocks on Wall Street traded lower led by a fall in small cap stocks. Monday merger led to more deal announcements in the U.S. and Europe. ADM agreed to acquire Wild Flavors for $3 billion. Argentina enters in talks with bond holders.
- Hiruki Nakamura
- 07 Jul, 2014
- New York City
Stocks in Tokyo eased and market indexes turned lower after a week of advance led by a decline in resource and retail stocks. FamilyMart jumped 4.5% after Itochu plans to increase its stake to 37% before the end of current fiscal year. Aeon dropped 5% after quarterly net plunged.
- Mukesh Buch
- 07 Jul, 2014
- New York City
Archer Daniels agreed to acquire Switzerland-based Wild Flavors for $3.1 billion in cash. BioDelivery Sciences surged after experimental pain drug was deemed effective. Warren Resources agreed to acquire all assets of Citrus Energy for $353 million.
- Nigel Thomas
- 07 Jul, 2014
- New York City
Anglo American intends to sell its 50% stake in Lafarge worth
- Marcus Jacob
- 07 Jul, 2014
- New York City
Australian market indexes closed lower and construction industry showed first sign of revival in the year. Wotif.com received $660 million takeover offer from the U.S. based Expedia Inc.
- Mukesh Buch
- 07 Jul, 2014
- New York City
Mahindra Holidays acquired 19% stake in Finland-based Holiday Club Resorts for
- Nigel Thomas
- 04 Jul, 2014
- New York City
EasyJet June passenger count climbed 10%. Erste Group tumbled after bank forecasted net loss for the year of as much as
- Hiruki Nakamura
- 04 Jul, 2014
- New York City
Nikkei 225 Stock Average extended weekly gain to 2.3% following better than expected jobs data in the U.S. and additional stimulus measures in the euro zone. Izumi Co., the food retailer said first quarter revenues increased 4.4%. Tosei Corp first-half sales declined 11%.
- Marcus Jacob
- 04 Jul, 2014
- New York City
Australian market indexes gained 1.5% at the end of week when Reserve Bank of Australia and European Central Bank left interest rates on hold. The latest market rally was supported by better than expected job gains in the U.S. Reef Casino was halted after ACCC launched competition investigation.