- Marcus Jacob
- 20 Dec, 2013
- New York City
Australian stocks extended gains and closed up 3.3% in the week. Ahead of holiday week, trading volume surged and resource and bank stocks led the gainers. Telstra Agreed to sell its Hong Kong based mobile business CSL for $2.43 billion.
- Mukesh Buch
- 20 Dec, 2013
- New York City
AAR net climbed 12%. CarMax net soared 12%. Cintas profit jumped 9% and sales increased 8%. Nike net surged 40% after revenue rose 8%. Red Hat net soared 49% as revenue jumped 15%. TIBCO tumbled 14%. Walgreen net jumped 5%.
- Nigel Thomas
- 20 Dec, 2013
- New York City
AstraZeneca agreed to buy diabetes-treatment business from Bristol-Myers for $4.1 billion. BAE confirmed
- Mukesh Buch
- 20 Dec, 2013
- New York City
Bajaj Electricals estimated Rs 5,000 crore sales in fiscal 2014. Maruti Suzuki rose after its parent in Japan plans to increase its holding. IDFC reduced foreign holding to secure a banking license.
- Nichole Harper
- 19 Dec, 2013
- New York City
Stocks on Wall Street eased after a rally in the previous session. The Fed
- Hiruki Nakamura
- 19 Dec, 2013
- New York City
Nikkei in Japan soared following the Fed announcement of gradual tapering plan and low interest rate for two more years. The clarity form the U.S. Fed lifted market sentiment. Tokyo Electron estimated net loss on the write down of its solar business.
- Marcus Jacob
- 19 Dec, 2013
- New York City
Australian indexes soared more than 2% following the Fed announcement of a gradual reduction in its huge bond purchase program and clarity on low interest rates for two more years. Cove-More Group Limited, travel insurer priced its initial public offering at $2 a share.
- Nigel Thomas
- 19 Dec, 2013
- New York City
Algeta agreed to be acquired by Bayer $2.9 billion. Daimler Benz agreed to acquire 5% stake in Aston Martin. Essar Energy plans to reduce capital expenditure. Saab won contract to supply 36 jet fighters in a deal worth $4.5 billion.
- Mukesh Buch
- 19 Dec, 2013
- New York City
BHEL awarded Alstom India a contract worth
- Nichole Harper
- 18 Dec, 2013
- New York City
U.S. indexes drifted lower and new home construction soared 23% in November. Building permits in the month declined 3%. Silver Lake and William Morris agreed to acquire IMG Worldwide for $2.4 billion from Forstmann Little.
- Hiruki Nakamura
- 18 Dec, 2013
- New York City
Stocks in Tokyo surged on the expectations of details of economic reform as early as this week. Japan
- Mukesh Buch
- 18 Dec, 2013
- New York City
FedEx net climbed 14% and lifted its full-year outlook. General Mills net rose 1% on flat sales. HEICO net soared 25%. Jabil Circuit climbed 11%. Lennar net surged 32%. VeriFone net swung to a loss $247.7 million.
- Nigel Thomas
- 18 Dec, 2013
- New York City
Centrica sold three gas power stations to Blackstone for
- Marcus Jacob
- 18 Dec, 2013
- New York City
Australian and Asian markets closed slightly lower as investors awaited U.S. Fed decision later in the day. Australian dollar extended losses. Bega Cheese said it will not revise its offer for Warnambool Cheese. Woodside Petroleum said Browse Project would have cost at least $80 billion.
- Mukesh Buch
- 18 Dec, 2013
- New York City
Future Retail received regulatory approvals to sell 22.5% stake of its insurance business. L&T secured a $450 million order from Qatar. U.K. based retailer Tesco plans to acquire 50% stake for $110 million in Trent Limited.