- Nichole Harper
- 20 May, 2014
- New York City
Credit Suisse Group AG agreed to a criminal wrongdoing as a part of a deal with the U.S. Justice Department for helping U.S. citizens to hide their wealth and income in offshore trusts.
- Nichole Harper
- 20 May, 2014
- New York City
U.S. stocks trended lower and small cap led the decliners and extended five-week losses to near 9%. Credit Suisse agreed to a guilty plea and pay $2.6 billion fines to U.S. regulators. European markets declined on mixed earnings news.
- Mukesh Buch
- 20 May, 2014
- New York City
Cato net fell 3% but sales jumped. Dicks Sporting net jumped 5%. Donaldson net slid 4%. Home Depot profit climbed 13%. Medtronic net tumbled 54%. Staples net plummeted 43%. TJX net edged up 0.3%.
- Nigel Thomas
- 20 May, 2014
- New York City
Greencore surged after sales jumped 8% to
- Hiruki Nakamura
- 20 May, 2014
- New York City
Nikkei index in Tokyo closed up and the yen closed higher for the second day in a row. Bank of Japan is scheduled to complete its 2-day meeting tomorrow and investors are looking for additional stimulus measures.
- Marcus Jacob
- 20 May, 2014
- New York City
Australian market indexes closed higher after stocks searched for a direction in early trading. Telstra closed at a new high. Treasury Wines gained after a takeover offer from KKR. Consumer confidence index declined according to a private poll.
- Mukesh Buch
- 20 May, 2014
- New York City
Aditya Birla Nuvo net dropped 12%. Bhel signed a contract to set up a power plant in Indonesia. Munjal Auto profit and sales climbed. RPower net edged up but revenue climbed. RInfra net declined 14% and revenues plunged 21%. Whirlpool net surged 43%.
- Mukesh Buch
- 19 May, 2014
- New York City
AT&T plans to buy DirecTV for $95 per share or $48.5 billion. Campbell Soup net rose 2% but revenue nearly flat. Johnson Controls plans to spin off its $3 billion automotive-interiors business. MasterCard agreed to acquire ElectraCard. Valspar net declined 12%.
- Nichole Harper
- 19 May, 2014
- New York City
Merger news dominated Monday trading and telecom stocks were in focus. AT&T agreed to acquire DirecTV for $48.5 billion. KKR & Co agreed to acquire Singapore based bulk container maker for $1.1 billion. MasterCard acquired online payment software developer.
- Nigel Thomas
- 19 May, 2014
- New York City
AstraZeneca tumbled and the company rejected the takeover offer from Pfizer at
- Hiruki Nakamura
- 19 May, 2014
- New York City
Japan
- Marcus Jacob
- 19 May, 2014
- New York City
Australian market indexes declined 1.3% on weak iron ore prices and weak outlook for domestic housing prices. Goodman Fielder backed revised takeover offer from two bidders. Boart Longyear cautioned market conditions for drilling rig services may worsen.
- Mukesh Buch
- 19 May, 2014
- New York City
Adani Enterprises profit and revenue surged. Hindalco jumped. Jubilant FoodWorks net declined 24% but revenue climbed 19%. JK Cement surged after net and sales soared. SpiceJet net loss widened.
- Bikram Pandey
- 16 May, 2014
- New York City
India voters responded overwhelmingly to the message of infrastructure development, good governance and political change from BJP and its leader Narendara Modi. The first stable government in three decades in India is likely accelerate economic growth and rise of India on the world stage.
- Mukesh Buch
- 16 May, 2014
- New York City
Abbott agreed to acquire Chile-based CFR Pharma for $2.9 billion. Applied Materials net swung to profit after sales soared 19%. Autodesk net tumbled 49%. Darden agreed to sell its Red Lobster business for $2.1 billion in cash. Nordstrom net fell 3%.