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India Movers: Adani Ports, IRB Infra, Power Grid Corp, SAIL

Mukesh Buch
24 Jun, 2014
New York City

Adani Ports acquired Dhamra Port. IRB Infrastructure secured a road project worth Rs 2,300 crore in Haryana. Power Grid Corp plans to invest more than Rs 5,500 crore in Chhattisgarh.

Allergan to Reject Valeant Deal, Coach Lowered Outlook

Mukesh Buch
23 Jun, 2014
New York City

Coach lowered its outlook. Ennis net dropped 6%. Harbinger intends to acquire Central Garden & Pet for $750 million. Oracle plans to buy Micros Systems worth $5.3 billion. Wisconsin Energy acquired Integrys Energy for $5.8 billion.

Alstom Picks GE, Santander to Buy GE Consumer Finance Unit

Nigel Thomas
23 Jun, 2014
New York City

GE won a bidding war with Siemens to acquire Alstom energy business for $17 billion. Banco Santander agreed to acquire consumer finance business of GE Capital for

GE Wins Alstom Business for $17 B, Oracle to Buy Micros for $5.3 B

Nichole Harper
23 Jun, 2014
New York City

Stocks on Wall Street traded lower after oil advanced on rising supplies disruptions worries in Iraq. European markets dropped on weak manufacturing data. General Electric won the bidding war for the energy business of Alstom SA. Oracle agreed to acquire Micros Systems.

Nikkei in Tokyo Advances, Olympus Estimated Prpfit to Double

Hiruki Nakamura
23 Jun, 2014
New York City

Nikkei 225 Stock Average gained as resource stocks advanced and telecom stocks declined. Casino equipment stocks fell. Mitsubishi Heavy Industries and Siemens failed to win energy business of Alstom SA.

Australian Stocks and Dollar Gain on Chinese Manufacturing Data

Marcus Jacob
23 Jun, 2014
New York City

Australian market indexes closed higher in active trading following better than expected manufacturing data in China. Wholesaler and distributor Metcash reported 18% decline in annual profit. Gas utility Envestra Ltd forecasted annual earnings at the upper end of the outlook.

India Movers: AstraZeneca, Bharti, Essar, Gammon, Kotak, Ramky

Mukesh Buch
23 Jun, 2014
New York City

AstraZeneca rose after shareholders approved delisting and Essar Oil also delisted its stock from exchanges. Bharti Airtel signed a network agreement in Mumbai with Loop Mobile. Gammon Infra to raise up to $83 million. Ramky Infra net swung to a loss.

Shire Rejected $46.5 Billion Offer from AbbVie; Oracle, Tibco Plunge

Mukesh Buch
20 Jun, 2014
New York City

CarMax net and revenue climbed. Darden Restaurants profit plunged 35%. Oracle net dropped 4% but revenue rose 3%. Tibco Software net tumbled 82%.

Six Day Rally Lifts S&P 500 Index to a New High

Nichole Harper
20 Jun, 2014
New York City

U.S. stocks advanced and S&P 500 index gained traded at a new peak. Market indexes are set to gain for the fourth week in the last five as investors bid up cyclical stocks after the Fed announcement.

Siemens, Mitsubishi Lifted Alstom Offer, Shire Rejected $46.5 B Offer

Nigel Thomas
20 Jun, 2014
New York City

Debenhams launched

Stocks in Japan Five-Week Gains, Mitsubishi Lifts Alstom Offer

Hiruki Nakamura
20 Jun, 2014
New York City

Market indexes in Tokyo edged lower on Friday but extended gains for the fifth week in a row. The yen closed below 102 mark against the U.S. dollar. Mitsubishi Heavy and Siemens revised their combined bid to $19.9 billion for Alstom

Australian Indexes Drop 0.9%, Mantra Group Completes $239 Million IPO

Marcus Jacob
20 Jun, 2014
New York City

Australian market indexes dropped and closed at the low in the session but precious metals linked stocks gained after gold jumped 3%, the largest one-day gain in the year. Mantra Group, second largest hotel and resort group in Australia closed up 4% on first day of trading.

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