- Mukesh Buch
- 01 Jun, 2015
- New York City
GE initiated bidding process for its US-based commercial lending unit valued at $40 billion. Intel agreed to acquire smaller chip maker Altera Corporation for $16.7 billion. Dollar Tree will sell 330 Family Dollar stores to Sycamore Partners. XPO Logistics to raise $3.3 billion in an offering.
- Nigel Thomas
- 01 Jun, 2015
- New York City
British American Tobacco agreed to acquire TDR for
- Hiruki Nakamura
- 01 Jun, 2015
- New York City
Stocks in Japan closed higher as Nikkei advanced in the longest rally since February 1998. Market indexes in Shanghai soared 4.7% and market indexes have soared 50% in the year so far. Fujifilm and Fanuc announced shareholder friendly moves.
- Marcus Jacob
- 01 Jun, 2015
- New York City
Australian market indexes traded lower and property stocks closed down and investors digested several economic data. Home prices fell for the first time in six months in May and domestic manufacturing activities expanded in the month.
- Mukesh Buch
- 01 Jun, 2015
- New York City
Rate sensitive stocks gained ahead of interest rate decision from the Reserve Bank of India on Tuesday. Maruti said auto sales climbed 14% and Hyundai Motor sales rose 2%. L&T quarterly profit declined 27%. Jet Airways net loss narrowed. Sun Pharma quarterly profit plunged 44%.
- Nichole Harper
- 29 May, 2015
- New York City
Indexes on Wall Street rebounded from the near 1% decline in late morning and the U.S. government downwardly revised its economic growth assessment. Resurgent dollar and unusually cold weather played key roles in the revised estimate. European markets struggled on mixed messages on Greek talks.
- Mukesh Buch
- 29 May, 2015
- New York City
Equinix agreed to acquire the U.K.-based rival Telecity for $3.6 billion. Intel may acquire Altera for $15 billion. Big Lots net surged more than eight-fold. Genesco net plunged 29%. GameStop soared 9%. Splunk net loss widened. Ulta Salon profit surged 34%.
- Hiruki Nakamura
- 29 May, 2015
- New York City
Nikkei index rewrites 15-year high for the eleventh day in a row and the yen edged lower as foreign investors increase exposure to Japanese stocks. Domestic auto demand in April declined 7.5%. Yahoo Japan soared 11% on its e-commerce plan in China with Alibaba.
- Nigel Thomas
- 29 May, 2015
- New York City
European market indexes lacked direction. TeleCity agreed to acquire by the U.S.-based rival Equinix for
- Marcus Jacob
- 29 May, 2015
- New York City
In active trading, ASX 200 index jumped more than 1% and investors factored rates to stay on hold after the policy makers meet on Tuesday next week.
- Mukesh Buch
- 29 May, 2015
- New York City
Economic growth in India accelerated to 7.3% in the first quarter from the downwardly revised 6.6% in the fourth quarter. NMDC said net in the quarter declined 31%. M&M quarterly profit dropped 39%. ONGC profit plunged 20% but revenues rose 3%. NTPC net and revenues slipped.
- Nichole Harper
- 28 May, 2015
- New York City
Stocks on Wall Street lagged and market indexes meandered after a deal in the semiconductor industry dominated news flow. Home purchase contract index rose at the fastest pace in nine years. Stalled Greece negotiation with international lenders dragged market sentiment in Europe.
- Mukesh Buch
- 28 May, 2015
- New York City
Avago agreed to acquire Broadcom for $37 billion. CA agreed to acquire Rally Software for $480 million. Abercrombie & Fitch net loss widened. Costco profit climbed 9%. Copart net soared 41%. Palo Alto net loss narrowed.
- Nigel Thomas
- 28 May, 2015
- New York City
Ferrexpo net tumbled 53% on 38% decline in revenues. Kingfisher sales and retail profit each dropped by 5%. Sports Direct climbed on positive outlook. Swatch Group profit slightly declined to 1.416 billion francs.
- Hiruki Nakamura
- 28 May, 2015
- New York City
Ten day rally lifts Nikkei average in Tokyo by 5% and the yen traded at a new 8-year low. Retail sales in April increased 5% from a year ago month and seasonally adjusted sales rose 0.4% from a month ago. Sales data have been distorted ahead of last April sales tax increase.