- Nichole Harper
- 27 Sep, 2013
- New York City
Broader market indexes extended losses for the seventh day as U.S. lawmakers debate to avoid government shutdown. Market watchers are expecting politicians to strike a last minute deal but a prolonged government closure will trim economic growth. J.C. Penney plans 96 million share offering.
- Nigel Thomas
- 27 Sep, 2013
- New York City
Balfour Beatty secured an order worth
- Hiruki Nakamura
- 27 Sep, 2013
- New York City
Market indexes in Tokyo closed lower and the latest data on inflation showed a slight uptick on higher energy prices. Panasonic Corp is close to selling at least 75% of its healthcare unit to KKR for $1.5 billion.
- Marcus Jacob
- 27 Sep, 2013
- New York City
Australian market indexes closed above 5,000 and gained for the seventh week in a row. Australian budget deficit was lower than previous estimated at $18.8 billion but the deficit is estimated to surge above the $30 billion estimate. Mirabel Nickel plunged after losing a major customer.
- Nichole Harper
- 26 Sep, 2013
- New York City
Market indexes on Wall Street advanced despite the ongoing uncertainty about the possible government shutdown as early as next week. eBay agreed to acquire payment processing platform services provider Braintree for $800 million. U.S. second quarter growth rate estimate was unrevised at 2.5%.
- Mukesh Buch
- 26 Sep, 2013
- New York City
Bed Bath & Beyond net surged 15%. eBay agreed to acquire Braintree for $800 million in cash. Ferrellgas loss narrowed and Hertz Global plunged after weak full-year guidance. H.B. Fuller net jumped 6% as revenue grew 3%. Jabil Circuit profit surged 53%. McCormick reported flat net.
- Nigel Thomas
- 26 Sep, 2013
- New York City
Colruyt lowered full-year outlook. H & M Hennes said profit for the quarter soared 22%. Ladbrokes cuts its operating profit outlook in digital division. Bankia sold 12% stakes in Mapfre for a gain of
- Hiruki Nakamura
- 26 Sep, 2013
- New York City
Market indexes in Tokyo staged a turn around after falling as much as 1% in a volatile and listless trading. Shipping companies surged more than 3% and banks advanced more than 1%. Lixil Group soared 4% on a deal to buy Germany based Grohe. Advantest plunged on the third annual loss forecast.
- Hiruki Nakamura
- 26 Sep, 2013
- New York City
Lixil Group Corp and Development Bank of Japan agreed to acquire sanitary fixtures maker Grohe Group for 3.06 billion euros or $4.1 billion.
- Marcus Jacob
- 26 Sep, 2013
- New York City
Australian job vacancies declined 3.7% in the quarter to August. Australian market indexes rebounded in the afternoon traded and closed below 1% of its five-year high reached last week. Sonic Healthcare acquired Germany based Labco for $110 million.
- Nichole Harper
- 25 Sep, 2013
- New York City
U.S. stocks shrugged off early weakness and rebounded after falling for three days in a row as lawmakers debate terms of debt ceiling limit. U.S. Treasury Secretary estimated government cash will drop to $50 billion in three weeks.
- Mukesh Buch
- 25 Sep, 2013
- New York City
AutoZone net surged. Ascena Retail surged after profit climbed on higher sales. The merger between Applied Materials and Tokyo Electron will create the largest chipmaker with $29 billion in sales. Clovis plunged. Carnival net plunged 30%. Stryker agreed to acquire MAKO Surgical for $1.65 billion.
- Hiruki Nakamura
- 25 Sep, 2013
- New York City
Stocks in Tokyo eased ahead of sales tax decision by prime minister next week. Tokyo Electron agreed to be acquired by Applied Materials in all stock deal valued at $7 billion. Electronics and auto makers led the decliners in Tokyo trading today.
- Nigel Thomas
- 25 Sep, 2013
- New York City
Airbus secured two orders worth $4.2 billion from a startup airline in China. Centrica will write-off nearly
- Devan Biswas
- 25 Sep, 2013
- New York City
Applied Materials agreed to acquire Tokyo Electron Limited for $7 billion in a largest cross-border deal for a Japanese company in six years. The fast consolidating chip making industry is suffering from falling demand and rising R&D costs.