- Nigel Thomas
- 06 Jun, 2013
- New York City
Barclays dropped after Sumitomo Mitsui sold its stake for
- Mukesh Buch
- 06 Jun, 2013
- New York City
BF Investment net declined 52%. Fortis Healthcare plans to sell its Vietnam and Hong Kong divisions. Sun Pharma slid after Swedish drug-maker Meda denied stake sale.
- Nichole Harper
- 05 Jun, 2013
- New York City
Market indexes on Wall Street accelerated the decline after a sharp fall in Tokyo and Europe. Latvia approved to join the euro zone and European auto sales extended shrinkage in the sixth year. U.S. private sector added fewer than expected net 135,000 jobs.
- Hiruki Nakamura
- 05 Jun, 2013
- New York City
Stocks in Tokyo closed lower in volatile trading as foreign investors began unwinding yen hedge. The year-to-date gain of 30% in the Nikkei index is cut to 10% after adjusting for the yen weakness.
- Mukesh Buch
- 05 Jun, 2013
- New York City
Analogic third quarter sales rose but net tumbled. Bob Evans revenue dropped but net jumped 23%. Cyberonics net climbed 7%. Dollar General sales and net climbed 16%.
- Marcus Jacob
- 05 Jun, 2013
- New York City
Australian stocks fell sharply and broader indexes dropped 1.3% after economy expanded at a slower than expected pace of 0.6% in March quarter. Trading volume picked up and Australian dollar held firm.
- Nigel Thomas
- 05 Jun, 2013
- New York City
Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to
- Mukesh Buch
- 05 Jun, 2013
- New York City
Bharti Airtel shareholders approved 5% stake sell to Qatar Foundation for $5 billion. Hindalco plans to raise $900 million. Third Avenue acquired 1.7% stake of Piramal Enterprises. TTK Prestige sold a stake to Mauritius based Cartica.
- Nichole Harper
- 04 Jun, 2013
- New York City
U.S. stocks traded sideways and merger announcement of $4.5 billion hovered market sentiment as traders weighed stimulus withdrawal impact. IBM agreed to acquire SoftLayer for $2 billion and Salesforce.com agreed to buy ExactTarget for $2.5 billion. U.S. trade deficit increased 8.5% in April.
- Devan Biswas
- 04 Jun, 2013
- New York City
IBM Corp agreed to acquire privately held SoftLayer Technologies, Inc that valued the company at $2 billion as the company strengthens its presence in cloud computing for enterprises and small businesses.
- Hiruki Nakamura
- 04 Jun, 2013
- New York City
Stocks in Tokyo closed higher in volatile trading as banks and real estate developers plunge more than 20% in last two weeks. Market indexes in Tokyo are still up 30%, the best among developed markets but investors are increasingly cautious about future direction of Japanese markets.
- Marcus Jacob
- 04 Jun, 2013
- New York City
Australian stocks closed higher and resource developers and banks led the most active list. Reserve Bank of Australia held its rate at 2.75%, a five-decade low and the dollar traded near its low of the year. Australian current account deficit narrowed more than expected in the quarter to March.
- Devan Biswas
- 03 Jun, 2013
- New York City
Apple Inc declined 1% as the company faces electronic book price-fixing charges. Merck, Bristol Myers and Amgen gained after reporting positive results for three separate drugs to treat skin-cancer. Mid-American Apartment and Colonial Properties agreed to merge. Cracker Barrel soared on quarterly results.
- Nichole Harper
- 03 Jun, 2013
- New York City
U.S. stock traded sideways. Construction activities increased 0.4% in April according to a government report and factory activities shrank in May. On merger Monday, Mid-American Apartment Communities and Colonial Properties Trust agreed to a merger that will create a company worth $8.6 billion.
- Hiruki Nakamura
- 03 Jun, 2013
- New York City
Market indexes in Japan declined to a five-week low after investors turned cautious on softening Chinese economy and uncertainty related to the U.S. stimulus. Securities brokerage and real estate developers led the decliners in Tokyo trading. Nikkei 225 index has fallen 15% from its peak on May 22.