- Mukesh Buch
- 09 Oct, 2014
- New York City
Alcoa net surged more than five-fold. Auxilium Pharma agreed to be acquired by Endo Intl for $1.7 billion. Gap plunged after chief executive officer Glenn Murphy announced retirement. Impax Lab agreed to buy two privately held drug makers for $700 million. PepsiCo net jumped 5%.
- Marcus Jacob
- 09 Oct, 2014
- New York City
Australian stocks trade higher after dovish comments from the U.S. Federal Reserve Bank. National Australia Bank issued profit warning and estimated net to fall to short by 14%. Bank of Queensland Limited said cash earnings increased 20% to $301 million.
- Nigel Thomas
- 09 Oct, 2014
- New York City
Hays Plc net fees in the first-quarter increased 4%. N Brown profit dropped 3% from a year ago period to
- Mukesh Buch
- 09 Oct, 2014
- New York City
Ahluwalia Contracts jumped after securing new orders worth Rs 178 crore. BHEL won $1.3 billion contract to set up thermal power project in Tamil Nadu. GVK Power secured an environmental clearance to build its coal project in Australia. IndiGo net declined 60%.
- Mukesh Buch
- 08 Oct, 2014
- New York City
Blackhawk Network net tumbled 75% despite 31% surge in revenues. Costco profit surged 13%. Interface tumbled after weak third-quarter outlook. Monsanto net loss narrowed. RPM Intl net dropped 4%. Yum! Brands net surged 166% but revenue slipped 3%.
- Hiruki Nakamura
- 08 Oct, 2014
- New York City
Current account was in surplus for the second month in a row but fell sharply in August. However trade deficit in August was the record for the month on rising imports of liquefied natural gas. Toshiba Corp said it plans to discontinue its e-book reader business only after launching 18 months ago.
- Nigel Thomas
- 08 Oct, 2014
- New York City
Anglo American plans to sell its three copper mines and a smelter in Chile worth $1 billion. Air France KLM forecasted profit for the year may decline by
- Marcus Jacob
- 08 Oct, 2014
- New York City
Australian market indexes plunged and the weak commodities prices dragged resource stocks lower. Australian Bureau of Statistics withdrew July and August jobless rate estimate. Aldi, discount supermarket chain plans to invest $700 million in Western and South Australia.
- Mukesh Buch
- 08 Oct, 2014
- New York City
BEML won order for Rs 570 crore from Delhi Metro Rail Corp. KEC International secured orders worth Rs 1,029 crores. A subsidiary of L&T intends to acquire engineering services unit of the U.S.-based Dell. M&M agreed to acquire 51% stake in France-based Peugeot''s scooter business.
- Hiruki Nakamura
- 07 Oct, 2014
- New York City
Stocks in Tokyo declined and the yen rebounded. J. Front Retailing reported sales in the first-half ending in August declined 0.2%. McDonald''s Holdings Co Japan estimated loss in the fiscal year as sales suffer on tainted chick supplies worries.
- Mukesh Buch
- 07 Oct, 2014
- New York City
AGCO plunged after weak earnings outlook. HP divested 40% stake in UAE-based Injazat Data Systems to its financial partner Mubadala. International Speedway net swung to profit on 11% increase in revenue. Occidental Petroleum plans to sell its oil assets for $3 billion.
- Mukesh Buch
- 07 Oct, 2014
- New York City
Alok Ind received bank guarantee worth $207 million. Ashok Leyland September unit sales surged 27%. Cera Sanitaryware net soared 48%. L&T secured expressway project in Uttar Pradesh. Tata Motors commercial and passenger vehicles sales declined 8%. TVS sales climbed 27%.
- Nigel Thomas
- 07 Oct, 2014
- New York City
Rio Tinto rejected merger offer from Glencore. Spirent tumbled after the company lowered revenue outlook. St. Ives sales rose 2.5%. Tricorn plunged after revenue in the second-half declined 6%.
- Marcus Jacob
- 07 Oct, 2014
- New York City
Australian stocks gyrated and the banks led the decliners and resource stocks closed higher after Rio Tinto rejected a merger offer from Switzerland-based Glencore. Australian dollar weakened as traders looked for the currency to dip to 80 U.S. cents.