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Vibrant Gujarat Draws World Investors, Rupee Advances

Mukesh Buch
13 Jan, 2015
New York City

Seventh biennial Vibrant Gujarat drew investors from around the world but investment commitments are rarely followed through. IndusInd Bank net climbed 29%. RCom secured contract worth 750 crore rupees from the India-based and UK-focused Vertex.

Cautious Investors Weigh Crude Slump on Economic Growth

Nichole Harper
12 Jan, 2015
New York City

Market averages in New York extended losses after the S&P 500 index closed down for the second week in a row. The sustained oil price decline as left investors debating the broader implications on the world economic growth outlook and the benefit to the U.S. consumers.

AmerisourceBergen to Acquires MWI Veterinary, SanDisk Plunges 12%

Mukesh Buch
12 Jan, 2015
New York City

AmerisourceBergen agreed to acquire MWI Veterinary Supply for about $2.5 billion. Kellogg plans to acquire 86% stake in Egypt-based biscuit maker. SanDisk tumbled on weak forecast. Tekmira Pharma agreed to acquire OnCore Biopharma to form new company.

Australian Index Track Lower Oil Prices

Marcus Jacob
12 Jan, 2015
New York City

Australian indexes closed lower and the Aussie dollar edged up in thin trading as oil prices eased. Fairfax Media acquired the remaining 50% stake in Metro Media Publishing for $72 million.

Roche to Acquire Foundation Medicine, Shire to Buy NPS Pharma

Nigel Thomas
12 Jan, 2015
New York City

Aer Lingus Group rejected IAG

Adani Announces Investment Plans at Vibrant Gujarat

Mukesh Buch
12 Jan, 2015
New York City

Investors from U.S., Japan and Australia announce investment plans at Vibrant Gujarat summit. Adani struck a partnership with Australia-based Woodside Energy for energy exploration and invest $4 billion in partnership with U.S.-based SunEdison Inc in Gujarat.

U.S. Wages Struggle as Jobless Rate Drops to 5.6%, S&P 500 Falls 1%

Nichole Harper
09 Jan, 2015
New York City

Market indexes in New York declined as much as 1.1% after December month jobs increase was better-than-expected and jobless rate dropped to 5.6%. However, wages declined 0.2%. In 2014, employers at all levels added monthly 246,000 net new jobs after adding 196,000 a month in 2013.

AZZ, Bed Bath & Beyond, PriceSmart Decline; Acuity Brands Gains

Mukesh Buch
09 Jan, 2015
New York City

Acuity Brands net soared 15% on 12% increase in revenues. AZZ net jumped 9%. Bed Bath & Beyond profit declined 5% after revenues rose 3%. PriceSmart net dropped 5% but revenues climbed 8%. XL agreed to acquire Catlin Group for $4.2 billion.

Europe: XL in

Nigel Thomas
09 Jan, 2015
New York City

Laird Plc plunged 9% despite the engineering company reaffirmed its fourth-quarter outlook. Sodexo revenues in the first-quarter climbed 4.7% to

2-day Rally in Nikkei Tracks International Markets Advance

Hiruki Nakamura
09 Jan, 2015
New York City

Nikkei index in Tokyo gained in subdued trading and the yen traded near 119 against the U.S. dollar. Stable oil prices and low inflation in China also added to caution in Tokyo trading. Convenience store chain operator, Seven & I reported better-than-expected nine-month sales.

A Rebound in Oil Lifts Australian Indexes 1.6%

Marcus Jacob
09 Jan, 2015
New York City

Australian market indexes jumped 1.6% after oil price stabilized and international markets advanced. Inflation index in China was nearly flat at 1.5% in December prompting calls for more policy measures from the government.

Infosys Net Rises, Tech Mahindra Acquires Swiss-based SOFGEN

Mukesh Buch
09 Jan, 2015
New York City

Infosys soared 5% after the second largest software services provider reported better-than-expected results and offered an improved outlook. ABB won a contract Rs 256 crore in Sri Lanka. NBCC secured an order worth Rs 1,237 crore in Odisha. Tech Mahindra acquire Geneva-based Sofgen Holdings.

Apollo Education Plunges; Global Payments and Constellation Brands Gain

Mukesh Buch
08 Jan, 2015
New York City

Apollo Education net plummeted 66% on 15% decline in revenues. Constellation Brands profit jumped 5%. Family Dollar net tumbled 47%. Global Payments net edged up 1% but revenues soared 10%.

Australian Dollar Gains on 7.5% Surge in Buildings Approvals

Marcus Jacob
08 Jan, 2015
New York City

Australian stocks and dollar traded higher after a surprise increase in buildings approvals. Seasonally adjusted November building approvals surprisingly increased 7.5% after upwardly revised 11.5% in October.

Nikkei Rebounds1.7%; Fast Retailing Net Soares 64%, Honda Fined $70 M

Hiruki Nakamura
08 Jan, 2015
New York City

Stocks in Tokyo followed market advances in Europe and New York. Fast Retailing Co reported 64% jump in earnings on 23% increase in sales led by higher casual-wear sales and weaker yen. Honda Motor Co agreed to pay $70 million to the U.S. transportation regulator.

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