- Bikram Pandey
- 07 Apr, 2014
- New York City
Three large merger deals in U.S., Europe and India dominated Monday news as traders focused on highflying tech stocks. Holcim Ltd and Lafarge SA agreed to merge to form the largest cement maker. Daiichi Sankyo sells Ranbaxy stake to Sun Pharma. Mallinckrodt PLC to acquire Questcor for $5.6 billion.
- Nichole Harper
- 07 Apr, 2014
- New York City
U.S. stocks extended losses for the third day and three large merger deals were announced in India, U.S. and Europe. The market correction continues across many sectors led by 15% losses in high flying Internet stocks. Investors are anticipating 16 IPOs to be completed this week.
- Nigel Thomas
- 07 Apr, 2014
- New York City
Alfa Laval agreed to buy Norway-based Frank Mohn for 13 billion kronor. Holcim and Lafarge agreed to a merger of equals to form the world
- Hiruki Nakamura
- 07 Apr, 2014
- New York City
Stocks in Tokyo closed lower for the second day in a row. The Bank of Japan commenced its 2-day meeting that may lead to no change in its bond purchase program. Daiichi Sankyo gained 3% after the company agreed to sell Ranbaxy Laboratories for $3.2 billion.
- Marcus Jacob
- 07 Apr, 2014
- New York City
Australian stocks declined and trading volume fell to the low in the year so far following the weakness in the U.S. markets on Friday. Australian dollar held firm near the high in the year.
- Mukesh Buch
- 07 Apr, 2014
- New York City
BHEL annual profit declined 51% and revenue dropped 20%. GMR won airport development contract from Philippines. IL&FS emerged as the lowest bidder for road contracts worth Rs 290 crore. Sun Pharma agreed to buy Ranbaxy for about $3.2 billion.
- Nichole Harper
- 04 Apr, 2014
- New York City
Market indexes eased from record level and the U.S. employers added 192,000 jobs in March. All the payrolls increase were driven by the gains in private sector and total employment in the sector reached to a new high above 116 million. GrubHub Inc IPO soared.
- Mukesh Buch
- 04 Apr, 2014
- New York City
AZZ net soared 13% and revenue climbed 29%. CarMax net declined 7% but sales jumped 9% and the used car dealer announced $1 billion share repurchase. Global Payments profit fell 6% but revenue increased 7%. Micron Technology net swung to profit. Synergy Resources net surged 93%.
- Mukesh Buch
- 04 Apr, 2014
- New York City
The March month jobs data suggested a rebound in employment from the depths of the winter months, but the increase fell short of estimates. Almost all the gains in employment was driven by private payrolls.
- Nigel Thomas
- 04 Apr, 2014
- New York City
Bouygues raised its cash component offer for SFR by
- Hiruki Nakamura
- 04 Apr, 2014
- New York City
Stocks is Tokyo halted a two-week long rally ahead of Bank of Japan meeting on Monday. Seven & I estimated lower than expected earnings in the current fiscal year. Stocks of real estate developers extended rally to the eighth day on positive outlook.
- Marcus Jacob
- 04 Apr, 2014
- New York City
Australian markets rebounded from a 2-day losses and the Aussie dollar gained. BHP Billiton won a tax-free status for its proposed $20 billion non-core assets spinoff. Fonterra was fined by New Zealand court for its August 2013 product warning.
- Mukesh Buch
- 04 Apr, 2014
- New York City
Adani Power increased its power generation capacity to become the largest private power generator. BS Ltd won orders of Rs722 crore from electric utilities. Crompton secured news export order worth $29 million. Sobha Developers sales in fourth-quarter surged 20%.
- Mukesh Buch
- 03 Apr, 2014
- New York City
Google trades ex-split. Greenbrier net soared 13%. Meltwater bids for Sweden-based rival Cision for $138 million in cash. RPM Int net swung to profit. Schnitzer Steel profit tumbled 79%. Texas Ind loss widened.
- Nigel Thomas
- 03 Apr, 2014
- New York City
Dunelm revenue climbed 10% to