- Mukesh Buch
- 02 Jan, 2014
- New York City
DryShips dropped 8% after the ocean freight shipping company plans to raise $200 million in a stock offering. Landec lowered its second-quarter earnings guidance. Sprint fall and Urban Outfitters rise on analysts
- Nigel Thomas
- 02 Jan, 2014
- New York City
Fiat agreed to acquire remaining 41.5% stake in Chrysler for $4.35 billion. IMI sold its beverage dispense and merchandising divisions for $1.1 billion. RWE sought permission from shareholders to raise capital.
- Mukesh Buch
- 01 Jan, 2014
- New York City
Atul Auto said December auto sales surged 23% Maruti December sales dropped 4%. M&M tractor sales climbed 15%. Ashoka Buildcon received letters of acceptance for projects worth Rs 596 crore. Morgan Stanley purchased Coal India shares worth Rs 485 crore.
- Mukesh Buch
- 31 Dec, 2013
- New York City
Apple asked shareholders to reject proposed repurchase plan of Carl Icahn in February. Hertz Global adopted shareholder rights plan. Marvell said KKR & Co acquired 6.8% stake. Berkshire Hathaway to buy Phillips 66 unit for $1.4 billion. Revlon exit its China operations.
- Nigel Thomas
- 31 Dec, 2013
- New York City
Debenhams lowered profit-before-tax estimate on weak holiday season sales. Tesco received Indian regulatory approval for its
- Mukesh Buch
- 30 Dec, 2013
- New York City
Crocs said Blackstone plans to invest $200 million. Cooper Tire dropped merger plans with Apollo Tyres. Cal-Maine net surged 83% as sales jumped 8%. Mondelez sold a majority stake in its cookie and cracker business. Vanguard agreed to buy oil and gas assets for $581 million.
- Nigel Thomas
- 30 Dec, 2013
- New York City
Monte Paschi investors postponed the rights offer to raise
- Mukesh Buch
- 27 Dec, 2013
- New York City
DeMet''s Candy agreed for acquired by Yildiz Holdings for $221 million. GM
- Nigel Thomas
- 27 Dec, 2013
- New York City
Electrawinds won a court approval to negotiate with creditors for its subsidiary. Evraz sold its iron ore assets in Russia. International Personal Finance fined by Polish Office of Consumer Protection. Vestas Wind won fourth contract in a week.
- Mukesh Buch
- 26 Dec, 2013
- New York City
eBay sales climbed 10% from Thanksgiving through December 22. Scientific Protein Laboratories agreed to acquire by China-based Shenzhen Hepalink for $337.5 million in cash. Softbank looks to raise financing to acquire T-Mobile. UPS and FedEx struggle to deliver packages.
- Nichole Harper
- 26 Dec, 2013
- New York City
U.S. market indexes advanced and weekly jobless claims declined. Markets in Europe were closed and British discount shops saw a surge in traffic on Boxing Day. Reserve Bank of India is likely to pursue other measures than interest rate management to combat elevated inflation.
- Nichole Harper
- 24 Dec, 2013
- New York City
U.S. stocks extended gains during short trading session. Durable goods orders increased 3.5% in November and new home sales fell 2.1% but average home price increased to a record high.
- Mukesh Buch
- 24 Dec, 2013
- New York City
CalAmp revenue soared 43% but net rose modest 1%. Ennis net surged 51% on sales increase of 6%. ImmunoCellular soared on encouraging cancer drug test results. Westmoreland Coal agreed to acquire coal mining operations of Sherritt Intl Corp for $435 million.
- Nigel Thomas
- 24 Dec, 2013
- New York City
Bankia sold its stakes in private-equity firms. Boskalis
- Nichole Harper
- 23 Dec, 2013
- New York City
U.S. and world markets extended gains and gold and crude oil declined. U.S. household spending increased and consumer confidence index also advanced. China Mobile will begin selling Apple made phone.