- Nigel Thomas
- 25 Feb, 2015
- New York City
Maersk net surged 45% to $5 billion and the logistics company plans to divest 20% stake in Danske Bank. Bouygues swung to profit to
- Hiruki Nakamura
- 25 Feb, 2015
- New York City
Nikkei index in Tokyo edged lower from its recent 15-year high and the yen weakened. Mitsubishi Heavy is likely to win a large offshore wind farm order in the U.K. Sankyo declined after the pachinko game machine maker lowered fiscal year sales outlook.
- Marcus Jacob
- 25 Feb, 2015
- New York City
Aussie dollar continue to gain for the third day in a row and market indexes turned higher after morning weakness. Construction activities eased 0.2% and wage costs rose 0.6% in the fourth quarter. Seven Group net plunged 74%. Westfield swung to a loss on a decline in revenues.
- Mukesh Buch
- 25 Feb, 2015
- New York City
Asian Paints to set up manufacturing unit in South India. ABG Shipyard is in discussions to sell stake in the company. Godrej agreed to increase its stake in Darling South Africa and Mozambique businesses to 90%. Steel Strips Wheels received an export order from Brazil.
- Nichole Harper
- 24 Feb, 2015
- New York City
Stocks on Wall Street traded higher after Fed Chair Janet Yellen offered an upbeat assessment of the job market and economic progress. On the earnings front, Home Depot reported better than expected earnings and Comcast struggled to lift subscriber growth.
- Mukesh Buch
- 24 Feb, 2015
- New York City
3M agreed to acquire assets of Polypore Intl for $1 billion. American Tower net surged 69%. Comcast net edged up. Domino''s Pizza profit jumped 8%. Daktronics net tumbled 79%. Express Scripts net soared 16%. Home Depot net surged 36%. Macy''s net fell 2%. Toll Brothers net jumped 78%.
- Nigel Thomas
- 24 Feb, 2015
- New York City
Markets in Europe traded higher after a group of euro zone ministers accepted list of reforms to win the third financial bailout. Aer Lingus net swung to a loss. GKN net tumbled 57%. Manz AG revenues soared 15%. Meggitt profit plummeted 24% to
- Hiruki Nakamura
- 24 Feb, 2015
- New York City
Nikkei soared to a new 15-year high. Hitachi agreed with Italy-based conglomerate Finmeccanica to acquire its train and signal making units for $2 billion. Asahi Kasei, the chemical and fiber maker plans to acquire the U.S. based Polypore International Inc''s energy storage segment for $2.2 billion.
- Marcus Jacob
- 24 Feb, 2015
- New York City
Australian stocks gained at close and investors focused on earnings. BHP Billiton earnings plunged 47% and announced a cut in capital spending. QBE Insurance said first-half revenues rose 25%. Flight Centre Travel net declined. Breville Group net fell.
- Mukesh Buch
- 24 Feb, 2015
- New York City
Stocks in India lacked direction ahead of financial budget from the central government. Dilip Shanghvi led investment group is interested in acquiring 47% stake in the Hindustan Oil Exploration Company. ITC won a bid for a hotel in Goa. Sumeet Ind plans to set up a wind power plant.
- Nichole Harper
- 23 Feb, 2015
- New York City
U.S. market indexes traded sideways on Merger Monday and at least four deals on both sides of Atlantic dominated headlines. Tech stocks dominated Nasdaq index was nearly unchanged after a 8-day rally that brought the index within 2% of its all-time high.
- Mukesh Buch
- 23 Feb, 2015
- New York City
Bristol-Myers plans to acquire Flexus Biosciences for $1.3 billion. Cooper Tire net surged three-fold. DISH Network annual net soared 17% but the subscriber-count fell. Valeant Pharma agreed to acquire Salix for $10.1 billion.
- Nigel Thomas
- 23 Feb, 2015
- New York City
British American Tobacco is looking to acquire 24.7% stake in Brazil-based Souza Cruz worth $3 billion. DIA net soared 60% to
- Hiruki Nakamura
- 23 Feb, 2015
- New York City
Nikkei index in Tokyo edged up to a new 15-year high and investors shifted focus away from the euro zone. In an apparent politically motive move, the U.S. imposed $14,000 a day fine on Takata Corp. Resona Holdings plans to repay debt two years ahead of schedule to Japanese government backed fund.
- Marcus Jacob
- 23 Feb, 2015
- New York City
Australian market indexes closed higher and domestic earnings news dominated headlines. Brambles said first-half revenues rose 5%. Boart Longyear Ltd reported narrower loss but cautioned on earnings. MacMahon Holdings plunged 37% after losing a contract with iron ore miner Fortescue.