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India Movers: Aurobindo, Clariant, Glaxo, SpiceJet, SBI, Tata, TCS

Mukesh Buch
16 Dec, 2013
New York City

Aurobindo Pharma received final approval from the U.S. regulators for its anti-depressant capsules. Clariant agree to acquire Plastichemix for Rs 135 crore. Glaxo surged after the parent company plans to raise its stake to 75%. SpiceJet signed agreement with Singapore-based Tigerair.

U.S. Movers: Adobe, AIG, Echostar, General Motors, Las Vegas Sands

Mukesh Buch
13 Dec, 2013
New York City

Adobe net plunged 71%. AIG and AerCap are in talks to sell aircraft leasing business. Echostar and Vivendi

Europe Earnings: AerCap, ARM, Arcam, Grohe, Peugeot, Pescanova, RSA

Nigel Thomas
13 Dec, 2013
New York City

AerCap received offer from American AIG to sell its aircraft leasing business. Arcam agreed to buy metal powder division of Canada-based Raymor. Grohe sold 87.5% stake to a Japan based Lixil for

India Movers: Alstom, Berger, M&M, Reliance, RPower, Ranbaxy, Torrent

Mukesh Buch
13 Dec, 2013
New York City

M&M raised its vehicles prices as much as 2% from January. Reliance and BP plan to invest between $5 billion and $10 billion for natural gas exploration. Torrent Pharma agreed to acquire drug distribution business from Elder Pharma for Rs 2,000 crore.

Australian Dollar Decline Extends to Eighth Week

Marcus Jacob
15 Dec, 2013
New York City

Australian indexes gained and the Aussie dollar eased against international currencies. Commercial finance commitments in October declined 3.9%, the statistics office reported. GUD Holdings declined after earnings fell.

U.S. Indexes in 3-Day Decline, Hilton and Aramark IPOs Advance

Nichole Harper
12 Dec, 2013
New York City

U.S. indexes traded lower for the third day in a row and November retail sales rose the most in five months. American Airlines ordered regional jets valued at $6 billion in list prices. JP Morgan Chase is nearing a $2 billion settlement charges linked to Madoff Ponzi scheme.

U.S. Movers: American Airlines, Ciena, Lululemon, Men's Wearhouse, Nordson

Mukesh Buch
12 Dec, 2013
New York City

American Airlines agreed to buy 60 aircrafts with a list price of $2.5 billion. Ciena net loss widened despite sales surge of 25%. Lululemon net jumped 15% but offered lower than expected earnings outlook. Men''''s Wearhouse net dropped 6%. Nordson net declined 12%.

Stocks in Japan and Asia Drop, Nitto Denko, Mixi, DeNA Plunge

Hiruki Nakamura
12 Dec, 2013
New York City

Stocks in Tokyo and Asia dropped and the yen hovered near its recent low. Overseas investors increased Japanese stocks holdings by 12.9 trillion yen in the current year to November. Nitto Denko plunged 19% after it lowered earnings outlook.

Europe Earnings: Dufry, Fortum, John Wood, Metro, Peugeot, Sports Direct

Nigel Thomas
12 Dec, 2013
New York City

Dufry agreed to acquire 49% stake of Hellenic Duty Free for

Australian Stocks in 6-Day Decline, Genting Buys 10% Stake in Linc Energy

Marcus Jacob
12 Dec, 2013
New York City

Australian market indexes declined for the sixth day in a row and the dollar dropped. Australian jobless rate in November increased to 5.8% and employers added 21,000 net new jobs. Linc Energy secured $48 million investment from Malaysia based casino operator Genting.

India Movers: Cadila, GMR Infra, Hero MotoCorp, Just Dial, Lanco

Mukesh Buch
12 Dec, 2013
New York City

Cadila Healthcare settled patent litigation with Warner Chilcott. GMR Infra and Megawide are the highest bidders for an airport terminal in Philippines. Hero and Magneti Marelli engine venture targets to generate revenue of $100 million.

Fed Taper Worries Rise after Budget Deal

Nichole Harper
11 Dec, 2013
New York City

U.S. market indexes declined after a narrow budget deal was announced by bipartisan Congressional leaders. The deal sets spending limits and trims deficits but fails to revise debt limit and sets the stage for another showdown in February.

U.S. Movers: Costco, Discovery Comm, H&R Block, Joy Global, MasterCard

Mukesh Buch
11 Dec, 2013
New York City

Costco net rose 2% and comparable sales rose 3%. H&R Block said net loss narrowed. Joy Global dropped despite increases in sales and income. Laboratory Corp lowered its outlook. MasterCard approved stock split of 10-for-1 and raised dividend by 83%.

Wholesale Prices in Japan Increase at Fastest Pace in 5 Years

Hiruki Nakamura
11 Dec, 2013
New York City

Traders in Japan unwound yen short positions and the currency gained for the second day in a row. Wholesale prices rose 2.7% in November, the eighth monthly increase in a row on weaker yen. Core machine orders rose 0.6% in October.

Europe Earnings: BPost, FirstGroup, HSBC, Mediolanum, RBS, Stagecoach

Nigel Thomas
11 Dec, 2013
New York City

BPost fell as CVC Capital sold its remaining 19.7% stake in Belgium postal service. FirstGroup rejected spin-off pressure for U.S. unit from Sandell. HSBC sold its stake in Bank of Shanghai to Santander. Mediolanum dropped after Fininvest sold its 5.61% stake.

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