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Market Update

India Movers: Blue Dart, Balrampur, Corporation Bank, Indian Bank, Torrent

Mukesh Buch
12 May, 2014
New York City

Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.

ArcelorMittal, Dril-Quip, Ralph Lauren, Ubiquiti Networks Decline

Mukesh Buch
09 May, 2014
New York City

ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.

Omnicom and Publicis Abandon $35 Billion Merger

Bikram Pandey
09 May, 2014
New York City

New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.

India's Exports, Imports and Trade Deficit Shrink

Devan Biswas
09 May, 2014
New York City

April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.

Europe Earnings: Publicis, Petrofac, Telefonica, Tullett Prebon, Vestas Wind

Nigel Thomas
09 May, 2014
New York City

Publicis and Omnicom mutually agreed to terminate their $35 billion proposed merger. Petrofac plunged after weak forecast. Telefonica net tumbled 23% to

U.S. Small Cap Stocks Extend Losses to 9%, Deal Talks Dominate Trading

Nichole Harper
09 May, 2014
New York City

U.S. stocks struggled to rise above flat lines as deal talks dominated markets sentiment. Apple is in talks to acquire Beats Electronics for as much as $3 billion. Omnicom Group and Publicis Groupe abandoned $35 billion merger.

Apple and Beats Electronics Talk $3 Billion Deal

Bikram Pandey
09 May, 2014
New York City

Apple Inc in is in talk to acquire Beats Electronics for as much as $3 billion that will include its headphone business and musich service division. The Beats deal will be the largest acqusition in Apple''s history.

Japan Earnings: Konica Minolta, Marubeni, Suzuki Motor, Nippon Steel

Hiruki Nakamura
09 May, 2014
New York City

In short trading week, Nikkei index in Tokyo trimmed weekly losses and investors focused on the latest batch of earnings. Konica Minolta said annual net increased 44.5%. Marubeni annual sales rose 28% and net soared 62%. Suzuki Motor annual sales rose 14% and net advanced 34%.

Low Rate Outlook in Australia, Federal Budget on Tuesday

Marcus Jacob
09 May, 2014
New York City

Australian markets indexes turned lower and trading volume dipped near the low of the year. Reserve Bank of Australia held out for low interest rate in its quarterly policy statement. Federal government is scheduled to release its annual financial budget on Tuesday.

India Movers: Bharat Forge, Glenmark, H T Media, NDTV, Ranbaxy, Sintex

Mukesh Buch
09 May, 2014
New York City

Glenmark net tumbled 75 but revenue surged 27%. H T Media net swung to profit while NDTV sales dropped 30% and net swung to a loss. Ranbaxy net swung to a loss. Sintex net jumped 7%. Zuari Agro net swung to a profit.

Teradata, Tesla Motors Drop; MAXIMUS Soars

Mukesh Buch
08 May, 2014
New York City

Apache net tumbled 66%. Dean Foods net swung to a loss. MAXIMUS net and sales climbed. Priceline net surged 36% and revenue jumped 26%. Teradata plunged after flat net and 7% rise in revenues. Tesla Motors swung to $50 million loss but sales climbed.

China's Trade Surplus Rises in April

Devan Biswas
08 May, 2014
New York City

Exports increased 0.9% from a year ago to $188.54 billion and imports rose 0.8% to $170.09 billion, General Administration of Customs reported today.

U.S. Tech Stocks Rebound, Earnings in Focus

Nichole Harper
08 May, 2014
New York City

U.S. market indexes rebounded led by a sharp upturn in tech and internet stocks. Weekly jobless claims increased 26,000. China reported an increase in April trade surplus. Exports and imports increased less than 1%.

Europe Earnings: BT Group, Centrica, Enel, Munich RE, Sage, Supergroup

Nigel Thomas
08 May, 2014
New York City

BT Group net jumped 7% to

Toyota and Mitsubishi Corp Net Soar

Hiruki Nakamura
08 May, 2014
New York City

Stocks rebounded in Tokyo and investors shifted attention to domestic earnings. Toyota reported fiscal year sales increased 16.4% and net income soared 90%, Mitsubishi Corp net soared 23% and Nintendo annual net swung to a loss.