- Marcus Jacob
- 12 May, 2014
- New York City
Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.
- Mukesh Buch
- 12 May, 2014
- New York City
Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.
- Mukesh Buch
- 09 May, 2014
- New York City
ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.
- Bikram Pandey
- 09 May, 2014
- New York City
New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.
- Devan Biswas
- 09 May, 2014
- New York City
April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.
- Nigel Thomas
- 09 May, 2014
- New York City
Publicis and Omnicom mutually agreed to terminate their $35 billion proposed merger. Petrofac plunged after weak forecast. Telefonica net tumbled 23% to
- Nichole Harper
- 09 May, 2014
- New York City
U.S. stocks struggled to rise above flat lines as deal talks dominated markets sentiment. Apple is in talks to acquire Beats Electronics for as much as $3 billion. Omnicom Group and Publicis Groupe abandoned $35 billion merger.
- Bikram Pandey
- 09 May, 2014
- New York City
Apple Inc in is in talk to acquire Beats Electronics for as much as $3 billion that will include its headphone business and musich service division. The Beats deal will be the largest acqusition in Apple''s history.
- Hiruki Nakamura
- 09 May, 2014
- New York City
In short trading week, Nikkei index in Tokyo trimmed weekly losses and investors focused on the latest batch of earnings. Konica Minolta said annual net increased 44.5%. Marubeni annual sales rose 28% and net soared 62%. Suzuki Motor annual sales rose 14% and net advanced 34%.
- Marcus Jacob
- 09 May, 2014
- New York City
Australian markets indexes turned lower and trading volume dipped near the low of the year. Reserve Bank of Australia held out for low interest rate in its quarterly policy statement. Federal government is scheduled to release its annual financial budget on Tuesday.
- Mukesh Buch
- 09 May, 2014
- New York City
Glenmark net tumbled 75 but revenue surged 27%. H T Media net swung to profit while NDTV sales dropped 30% and net swung to a loss. Ranbaxy net swung to a loss. Sintex net jumped 7%. Zuari Agro net swung to a profit.
- Mukesh Buch
- 08 May, 2014
- New York City
Apache net tumbled 66%. Dean Foods net swung to a loss. MAXIMUS net and sales climbed. Priceline net surged 36% and revenue jumped 26%. Teradata plunged after flat net and 7% rise in revenues. Tesla Motors swung to $50 million loss but sales climbed.
- Devan Biswas
- 08 May, 2014
- New York City
Exports increased 0.9% from a year ago to $188.54 billion and imports rose 0.8% to $170.09 billion, General Administration of Customs reported today.
- Nichole Harper
- 08 May, 2014
- New York City
U.S. market indexes rebounded led by a sharp upturn in tech and internet stocks. Weekly jobless claims increased 26,000. China reported an increase in April trade surplus. Exports and imports increased less than 1%.
- Nigel Thomas
- 08 May, 2014
- New York City
BT Group net jumped 7% to