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Australian Indexes Jump 1%, David Jones Receives $2 B Bid

Marcus Jacob
09 Apr, 2014
New York City

Australian indexes jumped 1% and the Aussie dollar edged near 94 U.S. cents. David Jones received an unsolicited offer from South Africa based retailer and Myer Holdings withdrew its offer.

Europe Earnings: Daimler, Evraz, Hansen, Wirecard, WS Atkins

Nigel Thomas
09 Apr, 2014
New York City

Daimler estimated significant improvement in sales growth in the year. Evraz net loss in the year widened to $572 million and sales fell 2%. Chr Hansen profit jumped 6% to

India Movers: ABB, Lupin, Ramco Systems, Suzlon Energy, Tata Steel

Mukesh Buch
09 Apr, 2014
New York City

ABB India received a contract of $18 million from Power Grid Corp. Lupin received US regulatory approval to sale generic version of Actos of Takeda Pharma. Suzlon Energy sold its Illinois wind farm and obtained

A. Schulman, International Speedway Rise; Argan, Team Fall

Mukesh Buch
08 Apr, 2014
New York City

Argan net surged 39%. A. Schulman net plunged 42% but revenue soared 14%. International Speedway profit climbed 47% and revenue rose 3%. Team said net loss in the quarter widened but revenues jumped 8%. Zep net swung to loss.

IMF Trimmed World Growth Outlook, Jittery Stocks on Wall Street

Nichole Harper
08 Apr, 2014
New York City

U.S. stocks struggled to advance and a broad selloff in sectors dragged market sentiment. Investors turned cautious on stretched valuation. The International Monetary Fund trimmed its world growth projection for the current year from its earlier projection in January.

Europe Earnings: GVC, Suedzucker, Sports Direct, Saint Gobain

Nigel Thomas
08 Apr, 2014
New York City

Matchtech profit surged 49% and revenue climbed 12%. Suedzucker tumbled after profit plunged 32% to

First Current Account Surplus in Japan in Five Months

Hiruki Nakamura
08 Apr, 2014
New York City

Current account swung to a surplus in Japan for the first time in five months in February. Trade deficit in the month narrowed but is expected to increase if imports sustain the momentum after the latest tax increase.

Australian Dollar Gains, Market Indexes Trim Losses

Marcus Jacob
08 Apr, 2014
New York City

Australian stocks opened lower following the weak market closes in Europe and New York and trading volume was near the low in the year so far. Australian dollar edged higher. Affinity Education Group Limited proposed to acquire a portfolio of centers for $80 million.

Mallinckrodt Agrees to Acquire Questcor, Vocus Surges 47%

Mukesh Buch
07 Apr, 2014
New York City

Arthur J. Gallagher net surged 22% and agreed to acquire the insurance business of Australia-based Wesfarmers Limited for $1 billion. Energen agreed to sell Alabama Gas business to Laclede for $1.6 billion. Mallinckrodt agreed to acquire Questcor for $5.6 billion.

Hocim and Lafarge to Merge, Mallinckrodt to Buy Questcor

Bikram Pandey
07 Apr, 2014
New York City

Three large merger deals in U.S., Europe and India dominated Monday news as traders focused on highflying tech stocks. Holcim Ltd and Lafarge SA agreed to merge to form the largest cement maker. Daiichi Sankyo sells Ranbaxy stake to Sun Pharma. Mallinckrodt PLC to acquire Questcor for $5.6 billion.

Three Large Global Merger Deals, U.S. Tech Stocks Selloff Continues

Nichole Harper
07 Apr, 2014
New York City

U.S. stocks extended losses for the third day and three large merger deals were announced in India, U.S. and Europe. The market correction continues across many sectors led by 15% losses in high flying Internet stocks. Investors are anticipating 16 IPOs to be completed this week.

Europe Earnings: Alfa Laval, Lafarge, Holcim, Roche, Vivendi

Nigel Thomas
07 Apr, 2014
New York City

Alfa Laval agreed to buy Norway-based Frank Mohn for 13 billion kronor. Holcim and Lafarge agreed to a merger of equals to form the world

Japan Stocks Decline for Second Day in Japan, BOJ Announcement Awaited

Hiruki Nakamura
07 Apr, 2014
New York City

Stocks in Tokyo closed lower for the second day in a row. The Bank of Japan commenced its 2-day meeting that may lead to no change in its bond purchase program. Daiichi Sankyo gained 3% after the company agreed to sell Ranbaxy Laboratories for $3.2 billion.

Australian Stocks Ease as Trading Volume Falls Near Yearly Low

Marcus Jacob
07 Apr, 2014
New York City

Australian stocks declined and trading volume fell to the low in the year so far following the weakness in the U.S. markets on Friday. Australian dollar held firm near the high in the year.

India Movers: Sun Pharma Agrees to Buy Ranbaxy for $3.2 Billion

Mukesh Buch
07 Apr, 2014
New York City

BHEL annual profit declined 51% and revenue dropped 20%. GMR won airport development contract from Philippines. IL&FS emerged as the lowest bidder for road contracts worth Rs 290 crore. Sun Pharma agreed to buy Ranbaxy for about $3.2 billion.

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