- Mukesh Buch
- 10 Sep, 2014
- New York City
Biocon repurchased its 7.7% stake from a unit of GE Capital for $36 million. ICICI Bank board approved a stock split of 5-for-1. Lanco Infratech sold power plants to raise $829 million. SAIL dropped after government plans to offload 5% stake.
- Mukesh Buch
- 09 Sep, 2014
- New York City
ABB announced a $4 billion share buyback program from September 16. Apollo Tyres plans to set up a new plant in Hungary worth for $600 million. Cipla signed commercial collaboration with UK-based S&D Pharma. Jyoti won a contract worth Rs 423 crore.
- Hiruki Nakamura
- 09 Sep, 2014
- New York City
Stocks in Tokyo closed higher and the yen dropped to a six-year low against the dollar as geopolitical tensions rose. The U.K. pound declined 1% after the latest poll showed a narrow lead for Scotland to separate from U.K.
- Marcus Jacob
- 09 Sep, 2014
- New York City
Stocks in Australia gained after a slight rebound in resource stocks and the Aussie dollar edged lower. New home loans values issued in July were flat at $17 billion.
- Mukesh Buch
- 09 Sep, 2014
- New York City
General Mills agreed to acquire Annies for $820 million. American Airlines said revenue passenger miles was flat in August. Burlington Stores and Barnes & Noble net loss narrowed. J C Penney issued debentures for $350 million. Korn Ferry net surged 27%.
- Nichole Harper
- 08 Sep, 2014
- New York City
U.S. stocks struggled after merger news dominated trading sentiment. GE agreed to sell its appliance division for $3.3 billion. Crude oil declined to after China reported widening trade surplus in August but falling imports. The U.K. pound weakened on the worries that Scotland may leave the union.
- Mukesh Buch
- 08 Sep, 2014
- New York City
Boeing won order to supply 200 planes from Ryanair. Campbell Soup swung to profit on 8% increase in net sales. GE sold its appliances business to Sweden-based Electrolux for $3.3 billion. Global Cash Access plans to acquire Multimedia Games for $1.2 billion.
- Hiruki Nakamura
- 08 Sep, 2014
- New York City
Market indexes in Japan closed higher after June quarter GDP decline was worse than previously estimated. Current account surplus in July declined 30.6% on higher than expected trade deficit. Wowow Inc, satellite TV service provider soared 7%.
- Nigel Thomas
- 08 Sep, 2014
- New York City
Auriga sells Cheminova unit to FMC Corp for 10.5 billion kronor. Electrolux agreed to acquire appliances business of GE for $3 billion. L''Oreal to buy Brazil based hair care company for
- Marcus Jacob
- 08 Sep, 2014
- New York City
Australian indexes closed lower after China
- Mukesh Buch
- 08 Sep, 2014
- New York City
Bharti Airtel divested more than 3,500 telecom towers in Africa. Cipla plans to acquire two manufacturing units from Japan for Rs 100.93 crore. L&T won new orders worth Rs 1,920 crore from domestic oil and gas companies.
- Mukesh Buch
- 05 Sep, 2014
- New York City
Aceto net rose 3%. Cooper profit fell 1% but revenue jumped 5%. Esterline net grew 2%. Family Dollar rejected higher takeover bid and Carl Icahn sold entire stake worth $200 million in the retailer. Hurco profit surged four-fold. Verint net swung to a loss. Zumiez profit climbed 57%.
- Nigel Thomas
- 05 Sep, 2014
- New York City
Emis profit jumped 6% to
- Nichole Harper
- 05 Sep, 2014
- New York City
Stocks on Wall Street declined after August payroll data was lower than expected and unemployment rate declined to 6.1% from 6.2%. Family Dollar rejected revised bid by Dollar General. Tesla Motors selected Nevada for its $5 billion lithium battery plant.