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Chiquita Agrees to Acquire Fyffes; Alexion, Regado Surge

Mukesh Buch
10 Mar, 2014
New York City

Alexion lifted sales and profit outlook for the year. Chiquita Brands agreed to acquire U.K.-based Fyffes Plc for $526 million. McDonald''s February sales dropped 1.4%. Regado Biosciences surged 20% on fast track regulatory approval status.

Europe Earnings: Bouygues, Diana, GSK, Hochtief, Rolls-Royce, Wild

Nigel Thomas
10 Mar, 2014
New York City

Bouygues agreed to sell its network assets to Iliad for

Japan's Growth Estimate Lowered, Current Account in 4th Monthly Deficit

Hiruki Nakamura
10 Mar, 2014
New York City

Japan

China Exports Plunge Drags Australian Stocks, Leighton Soars 11%

Marcus Jacob
10 Mar, 2014
New York City

Australian markets closed lower on the worries that a slowdown in China would dampen the demand for commodities. Leighton Holdings soared 11% after its German parent Hochtief AG offered to increase its stake. Insurance Australia plans to raise $200 million.

India Movers: Dishman, EIL, L&T, SPML, Tata, Vascon

Mukesh Buch
10 Mar, 2014
New York City

Dishman Pharma is in talks to sell its land assets in Gujarat to Nirma for 650 crore rupees. EIL won $139 million contract from Nigerian. L&T won new orders worth Rs 2,935 crore. Reliance Mediaworks plans to delist its shares.

Safeway and Albertsons in $9.4 B Deal; Big Lots, Cooper Jump

Mukesh Buch
07 Mar, 2014
New York City

Big Lots net plunged 30% and sales dropped. Cooper net fell 4% but sales jumped 7% and lifted outlook. Foot Locker net and revenue climbed. Penn West Petroleum net in the quarter widened. Quiksilver net swung to a profit. Safeway agreed to be acquired for $9.4 billion.

Europe Earnings: Air France, Fugro, Getinge, MoPowered, Telecom Italia

Nigel Thomas
07 Mar, 2014
New York City

Air France said passenger traffic in February grew 1.4%. Fugro profit soared 39% after revenue climbed and net debt ratio held below target. Getinge fell after first-quarter guidance and outlook for the next several quarters. MoPowered won 20 new clients. Telecom Italia loss narrowed

U.S. Trade Deficit Widens, Jobless Rate Rises to 6.7%

Nichole Harper
07 Mar, 2014
New York City

Stocks on Wall Street struggled to advance after trade deficit widened in January and employers added more than expected 175,000 jobs in February. Canada said its trade deficit shrank to $0.2 billion but exports rose 5.3%. Albertsons offered $40 a share or $4.9 billion for Safeway Inc.

Five-Week Low Yen Lifts Nikkei, NTT DoCoMo Gains 2.6 Million Subscribers

Hiruki Nakamura
07 Mar, 2014
New York City

Stocks in Tokyo extended weekly gains to the best in the current year and the yen dropped to the lowest in five weeks. NTT DoCoMo added net new 2.7 million wireless subscribers in February.

Australian Indexes Extend Weekly Gain to 1.1%

Marcus Jacob
07 Mar, 2014
New York City

Australian market indexes gained and rose 1.1% in the week. Rio Tinto is preparing to make an offer for the remaining 49.2% stake in Turquoise Hill Resources. Israel continues to vacillate on its tax policy for natural gas exports and Woodside may drop its bid for an offshore field.

India Movers: Central Bank of India, Era Infra, Prism, RCom, Sadbhav Eng

Mukesh Buch
07 Mar, 2014
New York City

Central Bank of India sold its entire stake in Credit Information Bureau to Transunion. Era Infra Eng won contracts worth Rs 128 crore. Prism Cement surged after commencing coal production. RCom plans to raise capital to fund its expansion plans.

ECB Holds Record Low Rate and Estimates Higher Inflaiton

Nigel Thomas
06 Mar, 2014
New York City

European Central Bank left its key lending rate on hold at a record low of 0.25% and the central bank is running out of options to stimulate the economy further.

U.S. Extends World Markets Advance

Nichole Harper
06 Mar, 2014
New York City

U.S. indexes extended world markets advance and the yen, the euro and the ruble turned lower against a dollar. European Central Bank left its key lending rate at record 0.25%. Staples plans to close 12% of retail stores and sales decline for the fifth quarter in a row.

Staples to Close 225 Stores, Kroger Debt Rises

Mukesh Buch
06 Mar, 2014
New York City

Ciena net loss in the quarter narrowed. Costco net declined 15% but sales climbed 6%. Joy Global net plunged 66%. Kroger profit dropped 9%. Pinnacle Foods net soared 27%. Staples net surged and plan to close up to 225 stores to save $500 million.

Europe Earnings: Bouygues, Schroders, Stobart, STV, Unite Group

Nigel Thomas
06 Mar, 2014
New York City

Bouygues offered

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