- Mukesh Buch
- 18 Mar, 2014
- New York City
Amtek India acquired Germany-based Kuepper Group. Polaris Financial decided to spin off its products business. Zensar won multimillion dollar deals in the United States and Europe.
- Marcus Jacob
- 18 Mar, 2014
- New York City
Australian market indexes closed higher after the release of latest RBA minutes of meeting. The policy committee reiterated it low interest rate outlook for the foreseeable future and cited weak labor market conditions and weakening foreign exchange rates.
- Hiruki Nakamura
- 18 Mar, 2014
- New York City
Market indexes in Tokyo gained 0.9% after the yen eased against the dollar. The Nikkei trimmed the losses in the year so far to 12%, the worst decline among the largest 25 world markets. Sony commenced its worldwide job reduction plan.
- Devan Biswas
- 21 Mar, 2014
- New York City
Media General agreed to a $1.6 billion deal with LIN Media and expands its reach to 25% of U.S. households and becomes the second-largest pure-play TV network.
- Mukesh Buch
- 19 Mar, 2014
- New York City
Adobe net declined 28%. FedEx net climbed 5% but lowered the outlook on harsh weather. General Mills net and sales slipped. KB Home net swung to profit after revenue climbed. Oracle net surged 28%. Vera Bradley profit plunged 23% as sales slumped.
- Nigel Thomas
- 19 Mar, 2014
- New York City
Brenntag profit rose 1% to
- Mukesh Buch
- 19 Mar, 2014
- New York City
Alstom T&D India secured contract for
- Nichole Harper
- 21 Mar, 2014
- New York City
Investors turned confident and bid up stocks. Fitch Ratings reaffirmed U.S. debt rating at AAA and revised the outlook to stable from negative. The S&P 500 index reached a new intra-day record and up 2.3% in the week so far. Media General agreed to acquire LIN Media for $1.6 billion.
- Marcus Jacob
- 19 Mar, 2014
- New York City
Australian stocks meandered in active trading and the market indexes closed higher. Australian dollar gained. Stockland acquired a strategic stake in Australand Property Group. David Jones earnings were weighed down on a weakness in its credit card unit.
- Hiruki Nakamura
- 19 Mar, 2014
- New York City
Stocks in Tokyo lacked direction in trading and the yen advanced slightly. Toyota is said to agree to a settlement of $1 billion with the U.S. regulator for its criminal probe. The automaker is still facing several investigations.
- Mukesh Buch
- 20 Mar, 2014
- New York City
Axis Bank said UTI will lower its stake and sell 4.22 crore shares. IDFC plans to raise $122.94 million for a debt fund. Mukand surged after promoters increased their stake. Mayur Uniquoters board approved to raise $11.4 million.
- Marcus Jacob
- 20 Mar, 2014
- New York City
Australian markets turned lower and the Aussie dollar eased after the prospects of interest rate increase in the U.S. rose after the Federal Reserve trimmed its bond purchase program. Myer Holdings reported interim earnings decline of 8%.
- Hiruki Nakamura
- 20 Mar, 2014
- New York City
Nikkei index in Tokyo dropped 1.6% on the prospect of rising interest rate in the U.S. Toyota agreed to settle U.S. Department of Justice probe for $1.25 billion and the total cost of sudden acceleration in vehicles inquiries increased to $3 billion.
- Nigel Thomas
- 20 Mar, 2014
- New York City
SKF agreed to pay
- Mukesh Buch
- 21 Mar, 2014
- New York City
AAR net plunged 23% on sales decline of 9%. Darden Restaurants profit dropped 18%. Endocyte surged after European Medicines Agency issued a positive opinion on cancer drug. Nike net tumbled 21% but revenue climbed. Tiffany net swung to loss.