- Mukesh Buch
- 12 Jun, 2014
- New York City
Eros International net dropped 7%. Lululemon tumbled after net plunged 60% but revenue climbed 11%. Lands
- Hiruki Nakamura
- 12 Jun, 2014
- New York City
Tokyo stocks decline from a 4-month high and the yen held firm. Takata Corp, the maker of air bags for Toyota, extended losses for the second day after defective air bags may need more fixes. Tokyo Dome quarterly net plunged 63%. Fanuc and Komatsu dropped on weak exporters.
- Nigel Thomas
- 12 Jun, 2014
- New York City
Hitachi agreed to participate with Mitsubishi and Siemens to bid for France based Alstom. Home Retail said sales at Argos and Homebase business climbed. Lonmin surged after settling wage dispute at African mines. Mulberry profit plunged 54%. Volex said net loss in the year widened.
- Marcus Jacob
- 12 Jun, 2014
- New York City
Australian stocks traded lower on the weakness in resource sector. Investors have shifted focus to smaller companies but three most actively traded stocks. BHP, Commonwealth Bank and Westpac Banking led the most active list. Jobs creations slowed for the first time in four months.
- Mukesh Buch
- 12 Jun, 2014
- New York City
Asian Paints completed acquisition of Ess Ess bathroom products. Essar plans to raise up to $600 million. Infosys appointed Vishal Sikka as new CEO, the first outsider to lead the company. Jaiprakash Associates sold its Gujarat plant to UltraTech Cement.
- Nichole Harper
- 11 Jun, 2014
- New York City
U.S. stocks traded lower after rising for four days and the prospect of political gridlock rose in Washington after the U.S. House Majority Leader Eric Cantor lost to a Tea Party backed candidate.
- Mukesh Buch
- 11 Jun, 2014
- New York City
Ares Management net and revenue surged. H&R Block net climbed 37% and sales soared 18%. Synaptics lifted its revenue outlook and agreed to acquire Japan-based Renesas SP Drivers for $475 million. Ulta Salon net jumped 19% and revenue surged 23%.
- Nigel Thomas
- 11 Jun, 2014
- New York City
CommerzBank sold non-performing loans portfolio for
- Hiruki Nakamura
- 11 Jun, 2014
- New York City
Stocks in Tokyo advanced a day after trading lower and extended 14-day gain and the yen closed lower. Wholesale prices in May rose at the fastest pace in 5% on sales tax increase. Nissan is scheduled to launch its first electric vehicle in domestic market in October.
- Marcus Jacob
- 11 Jun, 2014
- New York City
Trading in Australian stocks remained subdued as large and foreign investors stayed away from leading resource companies in Australia. Aussie dollar advanced as currency traders forecasted parity with the U.S. dollar. Downer EDI plunged after BHP cancelled a mining contract.
- Mukesh Buch
- 11 Jun, 2014
- New York City
Future Retail to raise up to Rs. 2,000 crore to reduce the debt. Indian Hotels received regulatory approvals to raise as much as Rs 1,000 crore through a rights issue. L&T plans to sell 1.6% stake in its financial services unit. SBI to consolidate several subsidiaries.
- Mukesh Buch
- 10 Jun, 2014
- New York City
Burlington Stores net swung to profit after sales soared. HD Supply net loss narrowed but sales climbed 6%. International Game Technology hired bankers. Metlife plans to repurchase shares up to $1 billion. Pep Boys net tumbled 59%. RadioShack net loss widened.
- Nichole Harper
- 10 Jun, 2014
- New York City
Stocks on Wall Street searched for a direction after rising in seven of last eight sessions. S&P 500 index has rebounded 7.5% from the low in April and gained 5.4% in the year so far.
- Nigel Thomas
- 10 Jun, 2014
- New York City
CML Microsystems profit climbed 18% and revenue fell 1%. Carclo profit surged 48%. Phoenix IT Group pre-tax loss narrowed to
- Hiruki Nakamura
- 10 Jun, 2014
- New York City
Stocks in Tokyo halted after a 12-day rally and the yen gained on the growing speculation that Bank of Japan stimulus steps are working through the economy. Token Corp fiscal sales rose 7%.