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Australian Retail Sales Rose Marginally

Marcus Jacob
01 Oct, 2014
New York City

Australian dollar drifted sideways and stock market indexes gained after retail sales rose marginally in August. Manufacturing in China expanded in September. News Corp agreed to acquire real estate listing company Move Inc for $1.1 billion.

Bajaj, Hero and Maruti September Vehicle Sales Advance in India

Mukesh Buch
01 Oct, 2014
New York City

Bajaj Auto sales in September climbed 9% and commercial vehicles sales and export surged 19%. Hero MotoCorp sales soared 30% to 558,609 units. Maruti Suzuki September sales jumped 5% and domestic sales soared 10% but export plunged 28%.

Japan's Retail Sales Rise 1.9% and Industrial Production Falls 1.5%

Hiruki Nakamura
30 Sep, 2014
New York City

Stocks in Tokyo responded to the latest economic data. Retail sales increase of 1.9%, ahead of expectations, and jobless rate decreased to 3.5%. Industrial production declined 1.5% unexpectedly. The yen declined traded above 109 level against one dollar.

eBay Separates PayPal, J&J to Acquire Alios BioPharma for $1.8 B

Mukesh Buch
30 Sep, 2014
New York City

eBay to separate its marketplace and PayPal businesses in 2015. Johnson & Johnson plans to acquire privately held Alios BioPharma for $1.8 billion. Walgreen net swung to a loss.

RBS Lowers Impairment Charges, Wolseley Profit Soars

Nigel Thomas
30 Sep, 2014
New York City

Powerflute profit surged 68% on 10% climbing of revenue and agreed to acquire Corenso for

Australian Stocks Rebound, Aussie Dollar Struggles

Marcus Jacob
30 Sep, 2014
New York City

Australian stocks advanced and a rebound in banks led the gainers. Aussie dollar traded near its yearly low. Recall Holdings soared on takeover speculation.

Financial Technologies Sells 15% Stake in MCX to Kotak Mahindra

Mukesh Buch
30 Sep, 2014
New York City

Financial Technologies agreed to sell 15% stake in MCX to Kotak Mahindra Bank. HCL Infosystems net loss widened. L&T secured new orders worth Rs 1,423 crore in September. Strides Arcolab sells 25.1% stake in Stelis Biopharma.

SoftBank Pursues DreamWroks, Yen Decline Continues

Hiruki Nakamura
29 Sep, 2014
New York City

Stocks in Tokyo gained after the yen declined to a new low in the year and exporters gained. SoftBank offered 30% premium to DreamWorks Animation and valued the U.S. based studio for $3.4 billion.

U.S. Indexes Trim Losses and Dollar Advances on Merger Monday

Nichole Harper
29 Sep, 2014
New York City

U.S. indexes opened sharply lower but by mid-day trimmed losses and the dollar advanced after protests erupted in Hong Kong against China rule. Tibco Software agreed to a $4.3 billion private-equity offer. SoftBank pursuit of DreamWorks Animation that many believe may never lead to deal.

DreamWorks Surges on Softbank Offer, NiSource Splits Pipeline Business

Mukesh Buch
29 Sep, 2014
New York City

AMAG Pharma agreed to buy privately held healthcare company Lumara for $675 million. Cal-Maine net surged. DreamWorks surged after Softbank offered $3.4 billion. Encana agreed to acquire Texas-based oil group for $6 billion. NiSource spins off gas pipelines business.

Nestle Agrees to Sell German Unit, Balfour Beatty Plunges 19%

Nigel Thomas
29 Sep, 2014
New York City

Balfour Beatty again lowered profit forecast by

Aussie Dollar Drops to 8-month Low on Yield Trade Unwinding

Marcus Jacob
29 Sep, 2014
New York City

Australian stocks extended five-week long losses and the Aussie dollar dropped to an eight-week low. Banks led the decliners after Reserve Bank of Australia signalled more scrutiny for home loans. Treasury Wine Estates ended talks to sell the company.

India

Mukesh Buch
29 Sep, 2014
New York City

MAN Industries secured orders worth about Rs 550 crore. Mahindra Holidays plans to invest up to Rs. 500 crore for expansion. NTPC received syndicated loan of $250 million. Valecha Engineering divested its three road assets worth Rs 309 crore.

U.S. Stocks Rebound, Pimco Funds Fall After Gross Moves to Janus

Nichole Harper
26 Sep, 2014
New York City

U.S. stocks rebounded a day after indexes dropped the most in three months. Bond market turned volatile after William Gross resigned from Pimco, the firm he helped to build. World markets traded volatile after commodities dropped to new multi-year lows.

Janus Surges 35% on Hiring PIMCO Co-founder Bill Gross

Mukesh Buch
26 Sep, 2014
New York City

BlackBerry net loss narrowed despite revenue declined 42%. Finish Line net slid 1% but sales climbed 7%. Micron Technology net soared 43%. Nike net surged 23%. Thor net jumped 6% and sales climbed 14%.

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