- Nichole Harper
- 17 Dec, 2013
- New York City
U.S. market indexes drifted lower and the dollar edged slightly higher against the euro and the yen. Fed is scheduled to wrap up its 2-day meeting tomorrow. U.S. government
- Mukesh Buch
- 17 Dec, 2013
- New York City
3M lifted its quarterly dividend by 35%. AT&T sold its landline business in Connecticut for $2 billion. Boeing raised quarterly dividend by 50%. FactSet Research net jumped 5%. KKR agree to buy KKR Financial for $2.6 billion.
- Hiruki Nakamura
- 17 Dec, 2013
- New York City
Indexes in Tokyo advanced for the first time in five days and the yen traded near five-year low. Japanese government budget is expected to expand at least 4.5% in the next fiscal year. Riso Kyoiku plunged 15% and the company plans to investigate possible fraud at a subsidiary.
- Nigel Thomas
- 17 Dec, 2013
- New York City
CGG plunged 17% after the seismic surveyor lowered its fiscal outlook. Cable and Wireless climbed on report AT&T is one of the bidders. Dixons Retail said net loss narrowed and revenue jumped 6%. Rexel slid after a major investor sold its entire 7% in the distributor.
- Marcus Jacob
- 17 Dec, 2013
- New York City
Australian government deficit is expected to be three times larger than previously estimated and it will be at least three more years before the federal budget returns to surplus. Reserve Bank of Australia sought additional weakening of the Aussie dollar.
- Mukesh Buch
- 17 Dec, 2013
- New York City
Apollo Tyres won an appeal against Cooper Tire merger proposal. Alstom signed an agreement to sell the property in Bengaluru for Rs 120 crore. HDFC Bank declined after RBI restricted additional foreign investor stake. IRB Infra was selected as a preferred bidder in road project.
- Nichole Harper
- 16 Dec, 2013
- New York City
U.S. indexes jumped 1% after two separate economic reports showed growing manufacturing activities. Also two large deals supported a broader market advance. LSI agreed to a $6.6 billion deal. AIG agreed to sell its aircraft leasing unit for $5.4 billion.
- Mukesh Buch
- 16 Dec, 2013
- New York City
LSI agreed to be acquired by Singapore-based chip maker Avago for $6.6 billion. AIG agreed to sell its aircraft leasing business to AerCap. BlackRock said it has complied with the Italian disclosure requirement for its stake in Telecom Italia.
- Hiruki Nakamura
- 16 Dec, 2013
- New York City
Nikkei Stock Average in Tokyo declined 1.6% as investors locked annual gains and the yen declined. Asian market indexes decreased after a private survey in China showed activities declined to a 3-month low.
- Nigel Thomas
- 16 Dec, 2013
- New York City
Aggreko forecasted net debt to reduce about
- Marcus Jacob
- 16 Dec, 2013
- New York City
Investors looked ahead to Reserve Bank policy meeting minutes and mid-year federal government budget scheduled to release tomorrow. Insurance Australia Group Limited agreed to acquire insurance business from Wesfarmers Limited.
- Mukesh Buch
- 16 Dec, 2013
- New York City
Aurobindo Pharma received final approval from the U.S. regulators for its anti-depressant capsules. Clariant agree to acquire Plastichemix for Rs 135 crore. Glaxo surged after the parent company plans to raise its stake to 75%. SpiceJet signed agreement with Singapore-based Tigerair.
- Mukesh Buch
- 13 Dec, 2013
- New York City
Adobe net plunged 71%. AIG and AerCap are in talks to sell aircraft leasing business. Echostar and Vivendi
- Nigel Thomas
- 13 Dec, 2013
- New York City
AerCap received offer from American AIG to sell its aircraft leasing business. Arcam agreed to buy metal powder division of Canada-based Raymor. Grohe sold 87.5% stake to a Japan based Lixil for
- Mukesh Buch
- 13 Dec, 2013
- New York City
M&M raised its vehicles prices as much as 2% from January. Reliance and BP plan to invest between $5 billion and $10 billion for natural gas exploration. Torrent Pharma agreed to acquire drug distribution business from Elder Pharma for Rs 2,000 crore.