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India Movers: Bharti, Crompton, Coal India, ONGC, Power Grid, Suzlon

Mukesh Buch
11 Dec, 2013
New York City

Bharti Infratel and RJio signed agreement to share infrastructure. Crompton is looking to sell or exit from Canadian power transformer plant. Suzlon Energy won orders to deliver 103 wind turbines in Germany.

U.S. Movers: AutoZone, Greif, HD Supply, PVH, Toll Brothers, Vail Resorts

Mukesh Buch
10 Dec, 2013
New York City

AutoZone net jumped 7%. Burlington Stores said net loss widened. Greif net soared 42.6% and net sales jumped 5%. HD Supply net swung to profit. Hi-Tech Pharmacal net tumbled 87%. PVH profit climbed 17%. Toll Brothers net plunged 77%.

Europe Earnings: Ashtead, CGG, Vopak, Lloyds, TUI Travel, Whitbread

Nigel Thomas
10 Dec, 2013
New York City

Ashtead net surged 85% and sales climbed 23%. CGG signed a seismic survey contract with the Norwegian Petroleum for the next seven years. Vopak lowered its operating earnings outlook. Lloyds plans to sell its remaining stake in St. James''s Place. TUI Travel profit tumbled 54%.

Expectations of Additional BoJ Action Builds in Japan

Hiruki Nakamura
10 Dec, 2013
New York City

Stocks in Tokyo edged down after surging on Monday but indexes are still leading developed markets in the year. The yen dropped to 103.39 against one dollar. Large Japanese companies turned less positive for business conditions in the current quarter.

U.S. Regulators Unveil Volcker Rule Details

Nichole Harper
10 Dec, 2013
New York City

Stocks in New York traded sideways and investors looked ahead to Fed meeting in two weeks. U.S. financial regulators unveiled a key element of the financial reform legislation enacted in 2010. General Motors appoints Mary Barra to replace Dan Akerson as chief executive.

BHP Follows Rio and Cuts Capex, Qantas and Union in Job Cut Talks

Marcus Jacob
10 Dec, 2013
New York City

Australian miners continued to cut capital spending and BHP announced a 25% cut in capital spending plan. Qantas and unions head for a new round of job cut discussion. Recall Holdings began trading after separating from Brambles.

India Movers: Alstom, Airtel, C&C, GVK, L&T, NMDC, SBI

Mukesh Buch
10 Dec, 2013
New York City

Alstom secured two contracts worth Rs 151 crore. Bharti Airtel plans to invest Rs 4,000 crore in Punjab and expand optical fibre network and 4G services. L&T won order for six ships worth above $100 million.

Sysco Buys US Foods for $3.5 Billion, American and US Air Merge

Nichole Harper
09 Dec, 2013
New York City

Monday merger news dominated trading. Given Imaging agreed to $860 million offer from Covidien. Sysco agreed to pay $3.5 billion and assume $3 billion in debt to acquire US Foods. American Airlines emerged from bankruptcy and merged with US Airways.

Indexes in Japan and Asia Soar, Japan Lowered GDP Growth Estimate

Hiruki Nakamura
09 Dec, 2013
New York City

Stocks in Japan and Asia gained. Nikkei Stock Average in Tokyo soared 2.3% and the yen dropped below 103 level against one dollar. Japan lowered its third quarter economic growth estimate to 1.1% from the previous estimate of 1.9%.

U.S. Movers: Alpha Natural, Essex Property, Given Imaging, Sysco

Mukesh Buch
09 Dec, 2013
New York City

Sysco agreed to acquire US Foods for about $3.5 billion. Essex Property proposed to acquire BRE Properties for $4.48 billion. Given Imaging agreed to be acquired by Covidien for $860 million. Ingles Markets net climbed 17%.

Australian Stocks Ease, QBE Insurance Plunges 22%

Marcus Jacob
09 Dec, 2013
New York City

Australian stocks traded lower but market indexes in Asia gained. QBE Insurance plunged 22% after the company issued a second profit warning and said Chairman Belinda Hutchison has resigned. TPG Telecom soared 14% after the telecom company agreed to a $450 million deal with New Zealand Telecom.

India Movers: Bharti Airtel, Coal India, JSW, McNally, Maruti, Tata

Mukesh Buch
09 Dec, 2013
New York City

Bharti Airtel signed partnership with Punjab to expand high speed 4G LTE wireless services. Coal India is reviewing five proposals for mine acquisition in Indonesia. JSW plan to bid for Indian assets of U.K.-based Stemcor. Maruti and Tata plan to increase the prices from January.

Europe Earnings: Airbus, Balfour Beatty, EADS, HSBC, Kentz, VTB

Nigel Thomas
09 Dec, 2013
New York City

Kuwait Airways agreed to acquire 25 Airbus planes. Balfour Beatty secured

U.S. Unemployment Rate at 5-Year Low, Consumer Spending Rises

Nichole Harper
06 Dec, 2013
New York City

Stocks in New York traded higher and unemployment rate in November declined to 7%, a five-year low. Employers added 203,000 staff in the month from revised 200,000 increase in October. Consumer confidence index increased more than expected in December.

U.S. Movers: American Eagle, Big Lots, Cooper, Finisar, Sears, Ulta Salon

Mukesh Buch
06 Dec, 2013
New York City

American Eagle Outfitters net tumbled 68%. Big Lots said net loss widened. Cooper net climbed 20%. Five Below net plunged 34%. Finisar net soared 11%. Sears plans to spin-off Lands End. Ulta Salon net climbed 13%.

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