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S&P Fluctuates Near Record, European Bond Yields Drop to New Lows

Nichole Harper
27 Aug, 2014
New York City

U.S. market indexes struggled and the S&P 500 index traded above 2,000 for the second day in a row. Congressional Budget Office raised its estimate of federal budget deficit to $506 billion, largely on lower than expected corporate tax revenues.

CBO Forecasts $506 B U.S. Federal Budget Deficit

Nichole Harper
27 Aug, 2014
New York City

The Congressional Budget Office on Wednesday said federal budget deficit will smaller than previous estimate over the next decade, as the low interest rates trim government

Brazil Based Oi Explores Stake Purchase in Rival Tim

Nigel Thomas
27 Aug, 2014
New York City

Oi intends to acquire stake in Tim Participacoes from Telecom Italia for $8 billion. Foxtons Group net surged 64%. Marine Harvest net swung to a loss of 142 million kronor but revenue climbed 48%. Seadrill net tumbled 65%.

Yen in Tokyo Eases for 3rd Day, Nikkei Rises

Hiruki Nakamura
27 Aug, 2014
New York City

Stocks in Tokyo closed higher and the yen eased for the third day in a row. Central Japan Railway sought a 9 trillion yen plan approval for high speed trains between Tokyo and Nagoya by 2027.

Australian Construction Falls 1.2%, Worley Parsons Net Dropped 23%

Marcus Jacob
27 Aug, 2014
New York City

Australian stocks closed higher and June quarter total construction declined 1.2% on a quarterly basis. Telstra Corp and Woodside Petroleum traded ex-dividend. Worley Parsons annual net dropped 23% and engineering contractor announced job cut of 1,700.

Canara Bank to Split Stock; SBI Lowers Mortgage Rate

Mukesh Buch
27 Aug, 2014
New York City

Canara Bank dropped after announcing a stock split for 5-for-1. Supreme Court ordered DLF to pay Rs 630 crore within three months. Infosys maintained revenue growth for the year. SBI reduced its home loan by 0.15%. Venus Remedies in a partnership with Teva.

Burger King Agrees to Acquire Tim Hortons for $11 Billion

Nichole Harper
26 Aug, 2014
New York City

Burger King Worldwide Inc agreed to acquire Tim Hortons Inc for C$12.5 billion or $11.4 billion in a deal partly financed by Warren Buffett

U.S. Stocks Extend Gains on Durable Goods Orders Surge

Nichole Harper
26 Aug, 2014
New York City

Stocks on Wall Street rose after durable goods soared in July and consumer confidence index jumped to the most since October 2007. Burger King agreed to acquire Tim Hortons for $11 billion in a deal financed by Warren Buffett.

DSW, Daktronics Climb; Best Buy, Movado, Sanderson Farms Decline

Mukesh Buch
26 Aug, 2014
New York City

Best Buy net tumbled 45%. Bank of Montreal net was flat despite revenue jumped. DSW net rose 2%. Daktronics net climbed on 20% increase of revenue. Movado net slipped but revenue grew. Sanderson Farms profit jumped 12%. Tech Data net more than doubled.

UTV Media, WPP Net Surge; Antofagasta, Petrofac Net Plunge

Nigel Thomas
26 Aug, 2014
New York City

Antofagasta net plunged 16% after revenue declined 4%. Petrofac profit tumbled 44% and revenue plunged 11% but backlog surged 35% to $20 billion. Regus declined 5% to

Market Indexes in Japan Inch Closer to Erasing Yearly Losses

Hiruki Nakamura
26 Aug, 2014
New York City

The Topix and Nikkei indexes in Tokyo declined and the yen eased after rising for two weeks in a row. Nikkei slipped 0.6% and the Topix eased 0.5%. E-Seikatsu, the cloud services provider said quarterly net surged.

Australian Indexes Trim Losses Ahead of CapEx Data

Marcus Jacob
26 Aug, 2014
New York City

Australian market indexes trimmed losses and weaker commodities prices dragged resource stocks for the second day in a row. Investors awaited the release of capital expenditure data tomorrow after March quarter spending decreased 4.2%.

Suzlon Energy Plans $700 M Bond Offering, Havells to Split Stock

Mukesh Buch
26 Aug, 2014
New York City

Havells India surged after announcing a stock split for 1-for-5. L&T signed a contract in Bangladesh for Rs 1,210 crore. Suzlon Energy plans to raise Rs 4,000 crore through the foreign currency convertible bonds. Shree Cement net dropped. Tech Mahindra gained on higher outlook.

Roche Agrees to Acquire InterMune for $8.3 B, LSE Profit Surges

Nigel Thomas
25 Aug, 2014
New York City

Atlas Mara agreed to acquire 50.1% controlling stake in the Africa based BancABC. London Stock Exchange profit surged 64% to

Ann Surges on Takeover Speculation, Roche and InterMune in a Deal

Mukesh Buch
25 Aug, 2014
New York City

Ann Inc soared 6% on takeover speculation. Burger King is in talks to acquire Canada-based doughnut-and-coffee chain Tim Hortons. Goldman Sachs agreed to settle mortgage-backed securities in $1.2 billion. Roche agreed to acquire InterMune Inc for $8.3 billion in cash.

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