ticker

Electrolux in $3.3 B deal with GE, Ryanair Orders 200 Boeing Planes

Nigel Thomas
08 Sep, 2014
New York City

Auriga sells Cheminova unit to FMC Corp for 10.5 billion kronor. Electrolux agreed to acquire appliances business of GE for $3 billion. L''Oreal to buy Brazil based hair care company for

Australian Indexes at 3-week Low, ALH and Charter in $600 M Deal

Marcus Jacob
08 Sep, 2014
New York City

Australian indexes closed lower after China

Bharti Airtel Divest Telecom Towers in Africa, Punj Lloyd Soars 10%

Mukesh Buch
08 Sep, 2014
New York City

Bharti Airtel divested more than 3,500 telecom towers in Africa. Cipla plans to acquire two manufacturing units from Japan for Rs 100.93 crore. L&T won new orders worth Rs 1,920 crore from domestic oil and gas companies.

Carl Icahn Sold Family Dollar Stake, Verint Swings to Loss

Mukesh Buch
05 Sep, 2014
New York City

Aceto net rose 3%. Cooper profit fell 1% but revenue jumped 5%. Esterline net grew 2%. Family Dollar rejected higher takeover bid and Carl Icahn sold entire stake worth $200 million in the retailer. Hurco profit surged four-fold. Verint net swung to a loss. Zumiez profit climbed 57%.

Borse Dubai Divests LSE Stake, Fraport Acquires Slovenia Airport Stake

Nigel Thomas
05 Sep, 2014
New York City

Emis profit jumped 6% to

Wall Street Indexes Lower on Weak Payroll Data

Nichole Harper
05 Sep, 2014
New York City

Stocks on Wall Street declined after August payroll data was lower than expected and unemployment rate declined to 6.1% from 6.2%. Family Dollar rejected revised bid by Dollar General. Tesla Motors selected Nevada for its $5 billion lithium battery plant.

August Payroll Increase of 142,000 is Likely to be Revised Higher

Devan Biswas
05 Sep, 2014
New York City

U.S. employers, government and private, added 142,000 jobs in August, a surprise decline after adding average more than 200,000 jobs every month for six months in a row, the Labor Department said today.

Infosys and Tech Mahindra Win Software Services Contracts

Mukesh Buch
05 Sep, 2014
New York City

JSW Steel crude steel production in August surged 13%. Infosys was selected by the BP Plc to software provide application support and development. L&T won order worth Rs 5,100 crore from the Madhya Pradesh. Tech Mahindra secured contract from Bombardier.

Japanese Government Prepares for Back Up Stimulus Plan

Hiruki Nakamura
05 Sep, 2014
New York City

Japanese stocks closed lower and the reference index Topix struggled to wipe out losses of the year as the yen dropped to a four-year low. Finance Minister Taro Aso said a back plan for stimulus will be prepared to smooth over the April sales tax increase.

Smaller Mining Companies in Australian Plunge on Falling Iron Ore Price

Marcus Jacob
05 Sep, 2014
New York City

Australian stocks extended weekly losses as iron ore prices hit five-year low and thermal coal drops to a four-year low. Sustained decline in Chinese property market is causing several traders to liquidate inventories in Shanghai. Smaller Australian mining companies are struggling to contain costs.

European Bond Yields Turn Negative After Surprise ECB Rate Cut

Nichole Harper
04 Sep, 2014
New York City

Market indexes in New York and across Europe traded higher after the European Central Bank unexpectedly cut interest rate and signaled willingness to purchase

Mattress Firm Acquires Sleep Train, Ciena Plunges on Sales Outlook

Mukesh Buch
04 Sep, 2014
New York City

Ciena net swung to profit on 12% revenue increase. Joy Global net tumbled 61% and sales plunged 34%. Mattress Firm net rose and agreed to acquire private rival Sleep Train chain for $425 million. PVH net swung to profit. UTi Worldwide soared despite loss widened.

Bank of Japan Reaffirmed Monetary Stimulus Commitment

Hiruki Nakamura
04 Sep, 2014
New York City

Stocks in Japan eased and the yen pared gains after the Bank of Japan reaffirmed its pledge to expand monetary base at an annual pace between $600 billion and $700 billion. Expectations of GPIF overhaul increased after the appointment of reform minded Shiozaki as the new minister.

Standard Life Sells Canadian business for

Nigel Thomas
04 Sep, 2014
New York City

Bilfinger plunged after revised lowered outlook for third time in three months. Go-Ahead profit surged 55% to

Australian Trade Deficit Falls, Retail Sales Rise in July

Marcus Jacob
04 Sep, 2014
New York City

Australian indexes declined nearly 0.5% and the Aussie dollar eased despite a positive retail sales report. Trade deficit in July shrank more than expected to $1.36 billion and retail sales in the month rose 0.4%, ahead of expectations.

Market Update