- Nigel Thomas
- 10 Jun, 2014
- New York City
CML Microsystems profit climbed 18% and revenue fell 1%. Carclo profit surged 48%. Phoenix IT Group pre-tax loss narrowed to
- Hiruki Nakamura
- 10 Jun, 2014
- New York City
Stocks in Tokyo halted after a 12-day rally and the yen gained on the growing speculation that Bank of Japan stimulus steps are working through the economy. Token Corp fiscal sales rose 7%.
- Marcus Jacob
- 10 Jun, 2014
- New York City
Stocks in Australia closed lower in thin trading following higher market index opening. Active trading in smaller companies dominated extending the trend in place for the last three months. Australian dollar closed higher.
- Mukesh Buch
- 10 Jun, 2014
- New York City
Eros agreed to acquire a controlling stake in Universal Power System. Geometric signed maintenance contract with Sweden-based AB Volvo. HDFC Bank trimmed its stake in Reliance Ports. Tata Power increased its power generation capacity in Maharashtra with the launch of solar power plant.
- Nichole Harper
- 09 Jun, 2014
- New York City
U.S. market indexes gained and deal news dominated. Merck agreed to acquire Identix Pharmaceuticals, the maker of experimental Hepatitis C drugs for $24.50 a share or about $3.9 billion. Tyson Foods made a binding deal to Hillshire Brands and offered $63 a share in cash or $7.8 billion
- Mukesh Buch
- 09 Jun, 2014
- New York City
American Energy agreed to acquire oil and gas assets in Texas, Ohio and West Virginia for $4.25 billion. Analog Devices acquired Hittite Microwave for $2 billion. Merck agreed to acquire Idenix for $3.85 billion. Tyson Foods makes a binding offer for Hillshire Brands in $7.8 billion.
- Nigel Thomas
- 09 Jun, 2014
- New York City
Metrovacesa agreed to sell 27% stake in Gecina at
- Hiruki Nakamura
- 09 Jun, 2014
- New York City
Market indexes in Tokyo extended rally to the 12th day and the yen held firm near its 3-month average. Mobile telecom companies were in focus as the industry gears up for flat pricing plans. March quarter GDP estimate was revised higher to 6.7%.
- Mukesh Buch
- 09 Jun, 2014
- New York City
IDBI Bank plans to raise $680 million through a public offering. IRB Infra executed an agreement for a four-lane highway project. NTPC invited bids for thermal project of Rs 7,000 crore.
- Mukesh Buch
- 06 Jun, 2014
- New York City
Cooper net jumped 5%. Hertz restated financial results for the past three years. Men''s Wearhouse net tumbled 50%. Piedmont Natural Gas net climbed 12%. Thor profit surged 26%. VeriFone climbed after net loss narrowed as revenue jumped. Vail Resorts net soared 21%.
- Mukesh Buch
- 06 Jun, 2014
- New York City
U.S. employers, private and government, added net 217,000 jobs in May and unemployment rate was unchanged at 6.3%, Labor Department said today.
- Nichole Harper
- 06 Jun, 2014
- New York City
Stocks on Wall Street advanced and tech stocks led the gainers. Unemployment rate in May held at 6.3% and employers added more than 200,000 jobs for the fourth month in a row.
- Nigel Thomas
- 06 Jun, 2014
- New York City
Associated British Foods agreed to acquire Dorset Cereals brand from Wellness Foods. Fuller, Smith profit jumped 4% to
- Hiruki Nakamura
- 06 Jun, 2014
- New York City
Stocks in Tokyo advanced for the eleventh day in a row and the yen held above 102 level following additional monetary measures in the euro zone. Dentsu reported a sharp jump in revenues in May. Mitsui & Company plans to build a 2,000 mw coal-fired power plant in Malaysia.
- Marcus Jacob
- 06 Jun, 2014
- New York City
Australian stocks closed higher following additional stimulus measures in the euro zone and Bank of England left its key lending rate on hold. Aurizon and Insurance Australia Group inched closer to their acquisition targets.