- Mukesh Buch
- 05 Jun, 2014
- New York City
Ciena surged after net loss narrowed and sales increaed 10%. J.M. Smucker net and revenue declined. Joy Global net tumbled 59% and sales plunged 32%. Navistar net loss narrowed. PVH net swung to profit. UTi Worldwide loss widened. Verint net swung to profit.
- Nichole Harper
- 05 Jun, 2014
- New York City
Stocks on Wall Street gained after European Central Bank unveiled historic measures to revive flagging economy. European markets traded near six-year highs. Softbank is nearing a deal to acquire T-Mobile US Inc for $40 billion.
- Nigel Thomas
- 05 Jun, 2014
- New York City
Asos tumbled despite total revenue soared 26% to
- Hiruki Nakamura
- 05 Jun, 2014
- New York City
Softbank is nearing a deal to merge its U.S. based Sprint Corp with T-Mobile US Inc. At $40 a share, T-Mobile is valued at $31 billion and after the merger, Deutsche Telekom will control 15% stake in the merged wireless carrier.
- Marcus Jacob
- 05 Jun, 2014
- New York City
Australian stocks traded lower and the Aussie dollar held firm near its high in the year so far. Oil Search lifted its annual production outlook. Graincorp Ltd plans to invest $200 million to enhance storage network.
- Mukesh Buch
- 05 Jun, 2014
- New York City
Idea plans to raise $500 million through a stock offering. Jagran Prakashan net soared 51%. M D Overseas net swung to a loss. Piramal acquired 10% stake in Shriram City Union Finance. SML Isuzu May sales jumped.
- Mukesh Buch
- 03 Jun, 2014
- New York City
U.S. auto sales increased 11% in May and Chrysler sales in the month surged 17%, Ford sales rose 3% and GM sales jumped 13%. Toyota sales soared 17%. KKR agreed to buy Internet Brands $1.1 billion.
- Mukesh Buch
- 04 Jun, 2014
- New York City
ABM Industries net declined 21% but revenue increased 5%. Ambarella net jumped 6% but sales soared 21%. Ascena Retail net rose 3% after sales edged up. Cyberonics profit surged 60% and revenue climbed 9%.
- Nigel Thomas
- 04 Jun, 2014
- New York City
Dufry agreed to acquire Nuance Group for 1.55 billion Swiss francs. Lafarge will merge its South Africa unit with Lafarge Wapco. Pemex sold its 7.9% stake in Repsol worth
- Mukesh Buch
- 04 Jun, 2014
- New York City
U.S. exports declined 0.2% to $193.3 billion in April, a decline of $300 million from March and imports increased 1.2% or $2.7 billion to $240.6 billion, the Commerce Department said today.
- Nichole Harper
- 04 Jun, 2014
- New York City
U.S. stocks traded sideways and a measure of productivity showed a sharp decline in the first quarter. U.S. trade deficit widened to a 2-year high on higher imports of foods, auto, electronic products and crude oil.
- Nigel Thomas
- 03 Jun, 2014
- New York City
Pennon Group profit surged to
- Hiruki Nakamura
- 04 Jun, 2014
- New York City
Stocks in Tokyo closed higher for the tenth day in a row in a longest rally in five years as investors focused on rising dollar and the monetary stimulus in Europe. Dai-ichi Life confirmed the purchase of U.S. based protective Life for $5.7 billion.
- Marcus Jacob
- 04 Jun, 2014
- New York City
Australian investors focused on the stimulus announcement from the European Central Bank tomorrow. Australian GDP rose at the fastest pace in two years but economists warned the recent decline in iron ore price will impact the economic data in the next quarters.
- Mukesh Buch
- 04 Jun, 2014
- New York City
Maruti Suzuki production in May jumped 20%. NFL climbed after net loss narrowed as net sales surged 73%. Trent said Tesco completed its stake acquisition in Trent Hypermarkets.