- Mukesh Buch
- 19 Mar, 2014
- New York City
Alstom T&D India secured contract for
- Nichole Harper
- 21 Mar, 2014
- New York City
Investors turned confident and bid up stocks. Fitch Ratings reaffirmed U.S. debt rating at AAA and revised the outlook to stable from negative. The S&P 500 index reached a new intra-day record and up 2.3% in the week so far. Media General agreed to acquire LIN Media for $1.6 billion.
- Marcus Jacob
- 19 Mar, 2014
- New York City
Australian stocks meandered in active trading and the market indexes closed higher. Australian dollar gained. Stockland acquired a strategic stake in Australand Property Group. David Jones earnings were weighed down on a weakness in its credit card unit.
- Hiruki Nakamura
- 19 Mar, 2014
- New York City
Stocks in Tokyo lacked direction in trading and the yen advanced slightly. Toyota is said to agree to a settlement of $1 billion with the U.S. regulator for its criminal probe. The automaker is still facing several investigations.
- Mukesh Buch
- 20 Mar, 2014
- New York City
Axis Bank said UTI will lower its stake and sell 4.22 crore shares. IDFC plans to raise $122.94 million for a debt fund. Mukand surged after promoters increased their stake. Mayur Uniquoters board approved to raise $11.4 million.
- Marcus Jacob
- 20 Mar, 2014
- New York City
Australian markets turned lower and the Aussie dollar eased after the prospects of interest rate increase in the U.S. rose after the Federal Reserve trimmed its bond purchase program. Myer Holdings reported interim earnings decline of 8%.
- Hiruki Nakamura
- 20 Mar, 2014
- New York City
Nikkei index in Tokyo dropped 1.6% on the prospect of rising interest rate in the U.S. Toyota agreed to settle U.S. Department of Justice probe for $1.25 billion and the total cost of sudden acceleration in vehicles inquiries increased to $3 billion.
- Nigel Thomas
- 20 Mar, 2014
- New York City
SKF agreed to pay
- Mukesh Buch
- 21 Mar, 2014
- New York City
AAR net plunged 23% on sales decline of 9%. Darden Restaurants profit dropped 18%. Endocyte surged after European Medicines Agency issued a positive opinion on cancer drug. Nike net tumbled 21% but revenue climbed. Tiffany net swung to loss.
- Mukesh Buch
- 20 Mar, 2014
- New York City
Cato tumbled after net and sales dropped and lowered its outlook. ConAgra surged 95% and sales climbed 15%. IHS climbed 31% as revenue surged 37%. Lennar profit jumped 36%. Scholastic net tumbled 40%.
- Nigel Thomas
- 21 Mar, 2014
- New York City
Bouygues revised its SFR bid to
- Marcus Jacob
- 21 Mar, 2014
- New York City
Australian market indexes advanced in heavy trading and the Aussie dollar traded above 90 U.S. cents. Four largest Australian banks are leading the global capital raising plan of $7.2 billion to fund Roy Hill iron ore mining project. Metcash plunged 10%. Cochlear gained 3%.
- Mukesh Buch
- 21 Mar, 2014
- New York City
Canara Bank plans to raise Rs 1,000 crore through a bond offering. Claris Lifesciences set up a stock buyback program of Rs 231 crore. IDBI Bank will sell its entire 19% stake in SHCI. Jain Irrigation allotted 7.5 million shares at Rs 86.30 per share.
- Mukesh Buch
- 14 Mar, 2014
- New York City
Anacor Pharma net swung to profit after sales surged. Aeropostale tumbled after net loss widened. Buckle profit and sales dropped. Hibbett Sports net plunged 13%. Ulta Salon net climbed 9%. Wix.com agreed to acquire mobile application builder Appixia.
- Nigel Thomas
- 14 Mar, 2014
- New York City
Ocado reported sales increase of 23% to