- Hiruki Nakamura
- 24 Mar, 2014
- New York City
Stocks in Tokyo closed higher after a 3-day weekend and despite a weakness in manufacturing sector in China. Automakers, electronics exporters and select banks led the gainers. Seibu Holdings in expected to raise as much as $1.75 billion in a public offering.
- Marcus Jacob
- 24 Mar, 2014
- New York City
Australian stocks traded lower after a private survey in China indicated larger than expected weakness in manufacturing sector. G8 Education Limited acquired Sterling Early Education for $228 million. Macquarie Group Limited lifted its annual earnings outlook.
- Mukesh Buch
- 24 Mar, 2014
- New York City
BHEL secured a large contract worth Rs 3,000 crore from NTPC. Federal Bank received approvals to increase foreign investment stake up to 74%. IIFL completed sale of its stake in two Sri Lankan subsidiaries. RIL increase gas price from April.
- Mukesh Buch
- 17 Mar, 2014
- New York City
CBS plans to spin off its outdoor advertising unit. CHS agreed to acquire selected Canadian retail assets of Crop Production Services. Chesapeake to separate its oilfield services business. Sears board approved to spin-off its Lands'' End business.
- Hiruki Nakamura
- 17 Mar, 2014
- New York City
Stocks in Tokyo traded lower after investors focused on rising tensions in Ukraine. Crimea voted to split from Ukraine with 97% of voting in favor. EU foreign ministers impose sanctions and travel bans on 21 Russians in retaliation. Alibaba plans to list its stock in New York.
- Marcus Jacob
- 17 Mar, 2014
- New York City
Australian market indexes turned lower after choppy trading on the rising tensions in Crimean peninsula in Ukraine. Australian vehicle sales in February declined 3.5% from a year ago February 93,000. BHP reaffirmed its plan to return $6 billion as dividend in 2015.
- Nigel Thomas
- 17 Mar, 2014
- New York City
Allianz agreed to acquire insurance business of UnipolSai for
- Mukesh Buch
- 18 Mar, 2014
- New York City
DSW net jumped 4% but sales dropped 4%. FactSet net climbed 18% to $52 million and lifted outlook. FutureFuel surged after profit and sales climbed. GameStop dropped after Wal-Mart launched a plan to accept used videogames in exchange for store gift cards. Hertz loss narrowed.
- Nigel Thomas
- 18 Mar, 2014
- New York City
Antofagasta net tumbled 36% on revenues drop of 11%. Asos, the U.K. based online retailer said revenue in two-month to February surged less than expected 26%. Cairn Energy said net in the year swung to a loss. J Sainsbury said sales dropped. Kuoni net swung to a profit.
- Mukesh Buch
- 18 Mar, 2014
- New York City
Amtek India acquired Germany-based Kuepper Group. Polaris Financial decided to spin off its products business. Zensar won multimillion dollar deals in the United States and Europe.
- Marcus Jacob
- 18 Mar, 2014
- New York City
Australian market indexes closed higher after the release of latest RBA minutes of meeting. The policy committee reiterated it low interest rate outlook for the foreseeable future and cited weak labor market conditions and weakening foreign exchange rates.
- Hiruki Nakamura
- 18 Mar, 2014
- New York City
Market indexes in Tokyo gained 0.9% after the yen eased against the dollar. The Nikkei trimmed the losses in the year so far to 12%, the worst decline among the largest 25 world markets. Sony commenced its worldwide job reduction plan.
- Devan Biswas
- 21 Mar, 2014
- New York City
Media General agreed to a $1.6 billion deal with LIN Media and expands its reach to 25% of U.S. households and becomes the second-largest pure-play TV network.
- Mukesh Buch
- 19 Mar, 2014
- New York City
Adobe net declined 28%. FedEx net climbed 5% but lowered the outlook on harsh weather. General Mills net and sales slipped. KB Home net swung to profit after revenue climbed. Oracle net surged 28%. Vera Bradley profit plunged 23% as sales slumped.
- Nigel Thomas
- 19 Mar, 2014
- New York City
Brenntag profit rose 1% to