- Nigel Thomas
- 19 Dec, 2014
- New York City
Atos agreed to acquire Xerox
- Mukesh Buch
- 19 Dec, 2014
- New York City
IVRCL sold its stake in Chennai desalination plant worth Rs 110 crore to Dubai-based Utico FZC. Jyoti Structures won several domestic and export contracts. Jindal Steel raised Rs 1,000 crore through debenture. Petron Eng won twin orders worth Rs 24 crore.
- Nichole Harper
- 18 Dec, 2014
- New York City
Stock markets around the world extended gains for the second day in a row after the Fed showed a patient approach to the rate increase and lowered inflation and jobless estimates. European markets soared between 2% and 3%. Gold and oil traded with downward bias.
- Mukesh Buch
- 18 Dec, 2014
- New York City
Accenture net soared 11% on 7% increase in revenues. Actuant net declined 31%. ACE agreed to acquire the U.S.-based Fireman''''s Fund from Allianz SE for $365 million. ConAgra profit tumbled 96% and sales dropped 2%. Rite Aid net surged 47%. Scholastic net soared 18%.
- Nigel Thomas
- 18 Dec, 2014
- New York City
Fortune Oil agreed to acquire by Fortune Dynasty Holdings for
- Marcus Jacob
- 18 Dec, 2014
- New York City
Stocks in Australia closed higher following a rebound in Asian markets after the U.S. Fed left its key rate unchanged showed patience towards rate hike in 2015. Lovisa Holdings completed its $2 a share initial public offering and said annual sales rose 30%.
- Hiruki Nakamura
- 18 Dec, 2014
- New York City
Stocks in Japan shot up following a surge in U.S. market indexes after the Fed appeared to be in no hurry to advance rate hike schedule in 2015. Adventure, the online air ticket site operator, soared 87% on debut. Dairei Co and Gumi closed below initial public offering prices.
- Mukesh Buch
- 17 Dec, 2014
- New York City
FedEx net soared 23% on 5% increase in revenues. General Mills net declined 37%. Herman Miller net swung to profit. Jabil Circuit profit tumbled 39% despite revenues climbed 5%. Oracle net dropped 2%.Worthington Ind net jumped 28%.
- Nigel Thomas
- 17 Dec, 2014
- New York City
Dixons Carphone net loss widened despite revenues surged nearly three-fold. Evraz delayed initial public offering of its North American unit.
- Mukesh Buch
- 18 Dec, 2014
- New York City
Godrej Ind sold stake in Godrej Properties and raised Rs 75 crore. IOCL started refinery of 15 million metric ton per year capacity in Odisha. L&T and Canada Pension Plan Investment Board invested Rs 1,000 crore in subsidiary of L&T.
- Devan Biswas
- 17 Dec, 2014
- New York City
Federal Reserve at the end of its two-day meeting lowered its assessment of jobless rate and inflation next year and softened its tone towards the rate hike in 2015.
- Nichole Harper
- 17 Dec, 2014
- New York City
President Barack Obama at a White House briefing this afternoon announced the end of diplomatic isolation of Cuba in place since 1961.
- Nichole Harper
- 17 Dec, 2014
- New York City
U.S. stocks on Wall Street traded higher after the latest decline in CPI was larger than expected. The fifth monthly only price decline drove the fall in the reported measure of inflation that many believe understates the inflation. U.S. lifted diplomatic sanctions on Cuba after five decades.
- Hiruki Nakamura
- 17 Dec, 2014
- New York City
Stocks in Japan and in Asia stabilized but Nikkie index lacked direction. The yen gained a fraction and oil and gold closed up. Japan Tobacco plunged more than 7% on the worries of Russia sales and a possible increase domestic tax.
- Marcus Jacob
- 17 Dec, 2014
- New York City
Australian stocks rebounded after a string of losses in last five days of trading. Aussie dollar dropped to a new four-and-half year low. Santos Limited agreed to sell assets and reduce debt burden. 8I Holdings, Ohh Media and LatAm completed initial public offering.