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Tamil Nadu Awards $1.3 B Power Plant Contract to BHEL

Mukesh Buch
09 Oct, 2014
New York City

Ahluwalia Contracts jumped after securing new orders worth Rs 178 crore. BHEL won $1.3 billion contract to set up thermal power project in Tamil Nadu. GVK Power secured an environmental clearance to build its coal project in Australia. IndiGo net declined 60%.

Blackhawk Network, Costco Jump; Interface, Mistras Group Decline

Mukesh Buch
08 Oct, 2014
New York City

Blackhawk Network net tumbled 75% despite 31% surge in revenues. Costco profit surged 13%. Interface tumbled after weak third-quarter outlook. Monsanto net loss narrowed. RPM Intl net dropped 4%. Yum! Brands net surged 166% but revenue slipped 3%.

Japan's Current Surplus Falls in August

Hiruki Nakamura
08 Oct, 2014
New York City

Current account was in surplus for the second month in a row but fell sharply in August. However trade deficit in August was the record for the month on rising imports of liquefied natural gas. Toshiba Corp said it plans to discontinue its e-book reader business only after launching 18 months ago.

Air France Strike to Cost

Nigel Thomas
08 Oct, 2014
New York City

Anglo American plans to sell its three copper mines and a smelter in Chile worth $1 billion. Air France KLM forecasted profit for the year may decline by

Australian Index Drop 0.8%, Aussie Dollar Keeps Downward Bias

Marcus Jacob
08 Oct, 2014
New York City

Australian market indexes plunged and the weak commodities prices dragged resource stocks lower. Australian Bureau of Statistics withdrew July and August jobless rate estimate. Aldi, discount supermarket chain plans to invest $700 million in Western and South Australia.

L&T to Buy Engineering Unit, M&M Takes 51% Stake in Peugeot Scooter

Mukesh Buch
08 Oct, 2014
New York City

BEML won order for Rs 570 crore from Delhi Metro Rail Corp. KEC International secured orders worth Rs 1,029 crores. A subsidiary of L&T intends to acquire engineering services unit of the U.S.-based Dell. M&M agreed to acquire 51% stake in France-based Peugeot''s scooter business.

Nikkei in Tokyo Drops 0.7%, McDonald's Japan Drops 3%

Hiruki Nakamura
07 Oct, 2014
New York City

Stocks in Tokyo declined and the yen rebounded. J. Front Retailing reported sales in the first-half ending in August declined 0.2%. McDonald''s Holdings Co Japan estimated loss in the fiscal year as sales suffer on tainted chick supplies worries.

Occidental to Sell North Dakota Assets for $3 B, AGCO Drops

Mukesh Buch
07 Oct, 2014
New York City

AGCO plunged after weak earnings outlook. HP divested 40% stake in UAE-based Injazat Data Systems to its financial partner Mubadala. International Speedway net swung to profit on 11% increase in revenue. Occidental Petroleum plans to sell its oil assets for $3 billion.

Ashok Leyland, TVS September Sales Jump; Tata Motor Sales Drop

Mukesh Buch
07 Oct, 2014
New York City

Alok Ind received bank guarantee worth $207 million. Ashok Leyland September unit sales surged 27%. Cera Sanitaryware net soared 48%. L&T secured expressway project in Uttar Pradesh. Tata Motors commercial and passenger vehicles sales declined 8%. TVS sales climbed 27%.

Rio Tinto Rejects Glencore Offer, Spirent Plunges 22%

Nigel Thomas
07 Oct, 2014
New York City

Rio Tinto rejected merger offer from Glencore. Spirent tumbled after the company lowered revenue outlook. St. Ives sales rose 2.5%. Tricorn plunged after revenue in the second-half declined 6%.

Australian Indexes Gyrate on Volatile Banks

Marcus Jacob
07 Oct, 2014
New York City

Australian stocks gyrated and the banks led the decliners and resource stocks closed higher after Rio Tinto rejected a merger offer from Switzerland-based Glencore. Australian dollar weakened as traders looked for the currency to dip to 80 U.S. cents.

Rising Asian Competition Forces HP Split, Actavis to Buy Durata

Mukesh Buch
06 Oct, 2014
New York City

Actavis agreed to acquire Durata Therapeutics for $675 million. Becton, Dickinson agreed to buy CareFusion for $12 billion. Chevron agreed to sell 30% stake of key shale play to Kuwait Foreign Petroleum for $1.5 billion. HP plans to split computer and printer businesses from enterprise division.

HP to Split Up, Becton Dickinson to Buy CareFusion for $12.2 B

Nichole Harper
06 Oct, 2014
New York City

Hewlett Packard announced to split the company into two and separate its printer and computer businesses from enterprise software and hardware operations. Becton Dickinson agreed to acquire CareFusion for $12.2 billion. Hilton agreed to sell the Waldorf Astoria in New York for $1.95 billion.

Typhoon Phanfone Disrupts Life in Japan, Nikkei in 2-day Advance

Hiruki Nakamura
06 Oct, 2014
New York City

Stocks in Tokyo advanced for the second day in a row and the yen traded near a new low against the dollar in the year. Life was disrupted in several regions of Japan after the typhoon Phanfone made a landfall. Osaka Organic quarterly net rose 10%.

Euro Disney Tumbles on

Nigel Thomas
06 Oct, 2014
New York City

BG Group received $350 million payment from Egyptian government. Euro Disney agreed to

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