ticker

Burger King in Merger Talks with Tim Hortons

Devan Biswas
25 Aug, 2014
New York City

Burger King Worldwide Inc., the second largest U.S. fast food chain, is in talks to acquire Canada based Tim Hortons Inc and move its headquarters to Canada and take advantage of lower-tax country.

European Rates Drop and German Yield Turn Negative

Nigel Thomas
25 Aug, 2014
New York City

European markets closed higher after European Central Bank President Mario Draghi signalled more quantitative easing steps and France overhauled cabinet after the government collapsed.

Topix in Tokyo Extends 2-week Gains, Chugai Pharma Drops 9%

Hiruki Nakamura
25 Aug, 2014
New York City

Market indexes in Tokyo extended two-week gains and the Topix index is close to erasing its loss in the year-so-far. Chugai Pharma dropped 9% after Roche decided not to bid for the remaining 40% stake. Press Kogyo reported better than expected sales.

Aussie Dollar at New Yearly High Against Euro, Iron Ore at 2-month Low

Marcus Jacob
25 Aug, 2014
New York City

Australian indexes turned lower from six-year highs and the Aussie dollar closed at a new yearly high against the euro. Resource stocks were lower after iron ore prices declined to a two-month low and Moody

S&P 500 Gains 1.7%, Global Markets Struggle

Nichole Harper
22 Aug, 2014
New York City

Stocks on Wall Street advanced and the S&P 500 index is set to gain the most since April. Dynegy agreed to acquire 12,500 megawatts of coal and gas power plants for more than $6 billion.

Dynegy Acquires Power Plants for $6.3 B; Gap, Ross, Salesforce Jump

Mukesh Buch
22 Aug, 2014
New York City

Dynegy agreed to acquire coal and gas assets from Duke Energy and Energy Capital Partners for $6.3 billion. Foot Locker net soared 39%. Gap profit jumped 10%. Hibbett Sports net plunged 20%. Nordson fell 2%. Ross Stores net soared 12%. Salesforce.com net swung to a loss.

LSE to Raise

Nigel Thomas
22 Aug, 2014
New York City

Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of

Largest Weekly Loss in Yen Since March

Hiruki Nakamura
22 Aug, 2014
New York City

Stocks in Tokyo closed lower and for the week the Nikkei index gained 1.5%. The yen weakened and construction companies led the market decline. The yen registered the largest weekly loss since March.

Weekly Rise of 1.4% in Australian Indexes, Santos Net Plunges 24%

Marcus Jacob
22 Aug, 2014
New York City

Australian indexes extended gains by 0.1% and gained 1.4% in the week on better than expected domestic earnings. In the coming week, Qantas Airways, Woolworths and WorleyParsons are scheduled to release earnings.

Gap and Arvind in India in Retail Venture, Suzlon Seeks Japanese Partner

Mukesh Buch
22 Aug, 2014
New York City

Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.

S&P 500 Touches New Record, Bank of America in Historic $16.5 B Settlement

Nichole Harper
21 Aug, 2014
New York City

U.S. market indexes traded higher after morning weakness. Bank of America agreed to pay $16.5 billion in fees and settlements to the U.S. Department of Justice. Family Dollar rejected $9 billion offer from Dollar General on anti-trust approval worries.

Family Dollar Rejects $9 B Offer, Bon-Ton, HP Jump, Sears Drops

Mukesh Buch
21 Aug, 2014
New York City

Buckle net fell 2%. Dollar Tree net slipped 3% while sales jumped. Family Dollar rejected $9 billion acquisition offer of Dollar General. Hewlett-Packard profit plunged 29% after revenue barely rose 1%. L Brands net climbed 5%. Sears net loss widened.

Market Update