- Mukesh Buch
- 11 Mar, 2014
- New York City
Godrej Properties develop a new project in Vikhroli with Boyce. HMT gained after government approved revival plans. Indian Oil will invest about Rs 3,150 crore to set up a polypropylene unit in Paradip and Kuwait Petroleum may take a stake.
- Mukesh Buch
- 10 Mar, 2014
- New York City
Alexion lifted sales and profit outlook for the year. Chiquita Brands agreed to acquire U.K.-based Fyffes Plc for $526 million. McDonald''s February sales dropped 1.4%. Regado Biosciences surged 20% on fast track regulatory approval status.
- Nigel Thomas
- 10 Mar, 2014
- New York City
Bouygues agreed to sell its network assets to Iliad for
- Hiruki Nakamura
- 10 Mar, 2014
- New York City
Japan
- Marcus Jacob
- 10 Mar, 2014
- New York City
Australian markets closed lower on the worries that a slowdown in China would dampen the demand for commodities. Leighton Holdings soared 11% after its German parent Hochtief AG offered to increase its stake. Insurance Australia plans to raise $200 million.
- Mukesh Buch
- 10 Mar, 2014
- New York City
Dishman Pharma is in talks to sell its land assets in Gujarat to Nirma for 650 crore rupees. EIL won $139 million contract from Nigerian. L&T won new orders worth Rs 2,935 crore. Reliance Mediaworks plans to delist its shares.
- Mukesh Buch
- 07 Mar, 2014
- New York City
Big Lots net plunged 30% and sales dropped. Cooper net fell 4% but sales jumped 7% and lifted outlook. Foot Locker net and revenue climbed. Penn West Petroleum net in the quarter widened. Quiksilver net swung to a profit. Safeway agreed to be acquired for $9.4 billion.
- Nigel Thomas
- 07 Mar, 2014
- New York City
Air France said passenger traffic in February grew 1.4%. Fugro profit soared 39% after revenue climbed and net debt ratio held below target. Getinge fell after first-quarter guidance and outlook for the next several quarters. MoPowered won 20 new clients. Telecom Italia loss narrowed
- Nichole Harper
- 07 Mar, 2014
- New York City
Stocks on Wall Street struggled to advance after trade deficit widened in January and employers added more than expected 175,000 jobs in February. Canada said its trade deficit shrank to $0.2 billion but exports rose 5.3%. Albertsons offered $40 a share or $4.9 billion for Safeway Inc.
- Hiruki Nakamura
- 07 Mar, 2014
- New York City
Stocks in Tokyo extended weekly gains to the best in the current year and the yen dropped to the lowest in five weeks. NTT DoCoMo added net new 2.7 million wireless subscribers in February.
- Marcus Jacob
- 07 Mar, 2014
- New York City
Australian market indexes gained and rose 1.1% in the week. Rio Tinto is preparing to make an offer for the remaining 49.2% stake in Turquoise Hill Resources. Israel continues to vacillate on its tax policy for natural gas exports and Woodside may drop its bid for an offshore field.
- Mukesh Buch
- 07 Mar, 2014
- New York City
Central Bank of India sold its entire stake in Credit Information Bureau to Transunion. Era Infra Eng won contracts worth Rs 128 crore. Prism Cement surged after commencing coal production. RCom plans to raise capital to fund its expansion plans.
- Nigel Thomas
- 06 Mar, 2014
- New York City
European Central Bank left its key lending rate on hold at a record low of 0.25% and the central bank is running out of options to stimulate the economy further.
- Nichole Harper
- 06 Mar, 2014
- New York City
U.S. indexes extended world markets advance and the yen, the euro and the ruble turned lower against a dollar. European Central Bank left its key lending rate at record 0.25%. Staples plans to close 12% of retail stores and sales decline for the fifth quarter in a row.
- Mukesh Buch
- 06 Mar, 2014
- New York City
Ciena net loss in the quarter narrowed. Costco net declined 15% but sales climbed 6%. Joy Global net plunged 66%. Kroger profit dropped 9%. Pinnacle Foods net soared 27%. Staples net surged and plan to close up to 225 stores to save $500 million.