- Nichole Harper
- 13 May, 2014
- New York City
U.S. indexes extended gains and Asian and European markets advanced following indexes record in yesterday
- Hiruki Nakamura
- 13 May, 2014
- New York City
Nikkei and Topix indexes in Tokyo gained and the yen strengthened on record levels in indexes in overnight trading in New York. Eisai Co said annual sales gained 4.7% but net income plunged 32%. NTT Corp annual revenues rose 2% and net gained 31%. Osaka Gas annual net tumbled 20%.
- Marcus Jacob
- 13 May, 2014
- New York City
Australian stocks gained and the Aussie dollar traded at elevated level. Seasonally adjusted home loans in March declined 1.1% but home prices across capital cities increased 1.7%. PanAust Limited rejected a takeover from a China controlled investment company.
- Mukesh Buch
- 13 May, 2014
- New York City
Bank of Baroda net and revenue climbed. Castrol net plunged 19% but sales rose. Dr. Reddy''s net declined 16% after revenue flat. Finolex profit tumbled 29% but sales soared 33%. Just Dial profit climbed 60%. PNB net plunged. Torrent Power net surged six-fold.
- Bikram Pandey
- 12 May, 2014
- New York City
Market indexes in Mumbai soared 5.5% in two days of trading after investors speculated BJP led alliance is likely to form the most stable government in three decade.
- Mukesh Buch
- 12 May, 2014
- New York City
Allergan rejected unsolicited proposal of $46 billion from Valeant Pharma. Bridgepoint Education plunged on quarterly net loss. Gogo surged after net loss narrowed. Hillshire Brands agreed to acquire Pinnacle Foods for $4.23 billion. MannKind net loss widened.
- Devan Biswas
- 12 May, 2014
- New York City
Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion in cash and stock. Including the debt, the deal is valued at $6.6 billion. Separately, Allergan board rejected Valeant Pharmaceutical unsolicited offer of $50 billion.
- Nichole Harper
- 12 May, 2014
- New York City
Tech stocks led the S&P 500 index to a new high and deal news dominated Monday trading. Allergan rejected Valeant Pharmaceutical unsolicited offer. Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion.
- Nigel Thomas
- 12 May, 2014
- New York City
Alstom secured a
- Hiruki Nakamura
- 12 May, 2014
- New York City
The Ministry of Finance said Japan
- Hiruki Nakamura
- 12 May, 2014
- New York City
Japan
- Marcus Jacob
- 12 May, 2014
- New York City
Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.
- Mukesh Buch
- 12 May, 2014
- New York City
Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.
- Mukesh Buch
- 09 May, 2014
- New York City
ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.
- Bikram Pandey
- 09 May, 2014
- New York City
New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.