- Nichole Harper
- 23 Nov, 2015
- New York City
Market indexes on Wall Street traded higher on Merger Monday and resource stocks led the gainers after Saudi Arabia agreed to cooperate with other oil producers to stabilize prices. Pfizer and Allergan agreed to the biggest merger in the healthcare sector.
- Mukesh Buch
- 23 Nov, 2015
- New York City
Pfizer agreed merger of Botox maker Allergan for $160 billion. GE agreed to sell its U.K.-based home loans business of $5.9 billion to consortium led by Blackstone. Brookfield agreed to support Australia-based Asciano. Jacobs Engineering net tumbled. Tyson Foods net surged.
- Lucy Stoeva
- 23 Nov, 2015
- New York City
Stock markets lost ground in Europe on weakening commodity prices. Playtech terminated merger agreement with Plus500. Tod
- Sarla Buch
- 23 Nov, 2015
- New York City
Tata Communications is in talks with South Africa-based Vodacom SA to sell its Africa-based subsidiary Neotel. SeQuent Scientific
- Marcus Jacob
- 23 Nov, 2015
- New York City
Stocks in Sydney trading struggled after commodities prices reached a 6-year low. Deal news lifted the market sentiment after Woolworths is looking to sell its struggling retail unit and Veda Group advised shareholders to accept $2.5 billion deal from Equifax.
- Nichole Harper
- 20 Nov, 2015
- New York City
S&P 500 index extended weekly gains to 3.4% and the widely followed measure is set to register best weekly gains in a year. Nike set the pace for the market gains in New York and ABN Amro was relisted in Amsterdam.
- Mukesh Buch
- 20 Nov, 2015
- New York City
Abercrombie & Fitch net soared but sales dropped 4%. Foot Locker net tumbled 33%. Esterline net swung to profit after revenues surged. Gap profit plunged 29%. Hibbett Sports lifted outlook. HRG net loss widened. Nike announces $12 billion share buyback plan.
- Lucy Stoeva
- 20 Nov, 2015
- New York City
Markets in Europe closed higher on Friday. Oerlikon soared 6% after asset sale. ABN AMRO jumped 3.5% on its first day of trading. Nationwide profit surged 31%. Fuller, Smith & Turner profit and revenues jumped.
- Hiruki Nakamura
- 20 Nov, 2015
- New York City
Nikkei average increased and extended 4-day rally on the strength in the yen. Pharmaceutical, food and chemical sector stocks led the gainers. Bank of Japan said the domestic economy expected to recover moderately.
- Marcus Jacob
- 20 Nov, 2015
- New York City
ASX 200 Index remained flat in lackluster trading amid weak commodity prices and improving results of retail companies. Kathmandu Holdings sales in the first-quarter surged 8.5%. Myer Holdings quarterly same store sales jumped 3.9%.
- Sarla Buch
- 20 Nov, 2015
- New York City
Canara Bank plans to raise ₹2,400 crore via bond offering. Indian Financial Technologies sold its remaining 5% stake in Indian Energy Exchange. RPP Infra won a contract from NHAI. Simplex Castings received an order from Diesel Locomotive Works.
- Nichole Harper
- 19 Nov, 2015
- New York City
Wall Street indexes advanced at a slower pace and jobless claims declined at the end of last week supporting rate hike scenario at the next Fed meeting. Square Inc and Match Group soared on the first day on trading in New York.
- Mukesh Buch
- 19 Nov, 2015
- New York City
Square stock surged 64% in its debut. Best Buy net soared but sales fell. Broadcom net jumped 21% while revenues plunged 9%. Buckle profit tumbled 12%. Cato profit surged and lifted forecast. Smucker net and revenues rose. Stein Mart net loss narrowed while Stage Stores net loss widened.
- Lucy Stoeva
- 19 Nov, 2015
- New York City
European bourses recorded gains on the back of Sodexo stock buyback program and improving jobs market in the U.S. Royal Dutch Shell received Australian regulatory approval to acquire BG Group. Sodexo net soared 32%.
- Hiruki Nakamura
- 19 Nov, 2015
- New York City
Nikkei in Tokyo jumped more than 1% and the Bank of Japan left its monetary stimulus program intact. Exports in October declined 2% and imports tumbled 13%, prompting a caution that the domestic economy may not be strong enough.