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MPLX in $20 B Deal with Markwest, Black Hill to Buy SourceGas

Mukesh Buch
13 Jul, 2015
New York City

MPLX plans to buy Markwest Energy for $20 billion. BorgWarner agreed to buy Remy Intl for $950 million. Black Hills agreed to acquire SourceGas for $1.9 billion. Jarden plans to acquire U.K.-based Waddington for $1.4 billion.

European Markets Trade Higher, Alent to Buy by Platform Specialty

Nigel Thomas
13 Jul, 2015
New York City

European markets extended gains and international investors remained sceptical of the latest accord between lenders and Greece. Platform Specialty Products plans to acquire Alent

Sensex in India Jumps 1.1%; IndusInd Bank Net Climbs

Mukesh Buch
13 Jul, 2015
New York City

Markets rebounded in Mumbai and the latest agreement between the lenders and Greece was viewed with scepticism. IndusInd Bank said quarterly net climbed 25% on 20% increase in revenues. Unichem Lab profit slipped 5%. IL&FS Transportation won a road project in Jharkhand.

PG in $12.5 B Deal with Coty; Barracuda, Dover, Helen of Troy, PTC Decline

Mukesh Buch
10 Jul, 2015
New York City

P&G agreed to sell its 43 beauty brands to Coty for $12.5 billion. Barracuda net swung to a loss but revenues jumped 18%. Dover lowered fiscal outlook. Helen of Troy net surged 24%. PriceSmart revenues soared 13%. PTC lowered revenues and earnings forecast.

World Markets Advance on Greek Proposal, Oil to Fall Further

Nichole Harper
10 Jul, 2015
New York City

Stocks on Wall Street gained and market indexes jumped ahead of yet another deadline this Sunday for Greece. Oil price decline is expected to last in 2016 as the U.S. shale oil supply continues to grow but at a slower pace.

Nikkei Extends Weekly Decline, Asahi and Kirin in Focus

Hiruki Nakamura
10 Jul, 2015
New York City

Nikkei average in Tokyo edged lower but markets in Asia returned normality after regulatory steps in China calmed world markets. Oil, natural gas and iron ore continued to trade with negative bias in Asia. Asahi Glass said first-half sales rose 2%.

Fraport June Traffic Jumps, Ryanair Agrees to Aer Lingus Deal

Nigel Thomas
10 Jul, 2015
New York City

Fraport passenger

China Bounce Lifts Australian Sentiment, Aussie Dollar Edges Lower

Marcus Jacob
10 Jul, 2015
New York City

Australian market indexes returned to positive undertone after markets in China rose for the second day in a row but commodities prices remained week in Asia. Home loan values and total number of loans issued declined in May in Australia. Transurban reported toll revenues in June quarter surged 70%.

Sensex in Mumbai Trims Weekly Losses, TCS Revenues Rise 6%

Mukesh Buch
10 Jul, 2015
New York City

TCS said quarterly profit climbed 53% and revenues rose 6%. GRUH Finance net jumped 20% on 22% increase in revenues. Wipro agreed to acquire Denmark-based Designit for ₹595 crore or

World Markets Look Higher on China Engineered Rebound, Euro Under Cloud

Nichole Harper
09 Jul, 2015
New York City

Indexes on both sides of Atlantic rose after China halted market slide and hope ran eternal in the euro zone. Athens government is scheduled to offer its list of reforms before the Sunday deadline. Alcoa kicked off earnings season with earnings falling short of expectations.

Alcoa, Avon Jump, Pessina to Lead Walgreens Boots

Mukesh Buch
09 Jul, 2015
New York City

Alcoa revenues were ahead of expectations but earnings lagged. LKQ agreed to acquire PartsChannel. PepsiCo net was flat after sales declined 6%. Peabody sells its Australian mine. Walgreens Boots Alliance net surged.

Machinery Orders in Japan Rise 0.6%, Nikkei Rebounds

Hiruki Nakamura
09 Jul, 2015
New York City

Nikkei average in Tokyo rebounded after indexes in Shanghai and in Hong Kong jumped after Chinese regulatory steps. Machinery orders in Japan rose 0.6% in May following 3.8% increase in April. Fast Retailing said nine-month sales increased 24%.

Australian Jobless Rate Rises to 6%, Caltex Net Doubles

Marcus Jacob
09 Jul, 2015
New York City

Aussie dollar closed below 75 U.S. cents and markets return to calm after Chinese regulators succeeded in arresting the sustained fall in market indexes. Australian jobless rate increased to 6% in June. Caltex Australia said first-half profit more than doubled.

Calls for Greek Debt Restructuring Grow, Enel in $3.5 Deal with Endesa

Nigel Thomas
09 Jul, 2015
New York City

AstraZeneca sell its international rights for gastroenterology drug to Switzerland-based Tillotts Pharma. Associated British Foods group revenues increased 2%. Balfour Beatty forecasted pre-tax profit of about

Sensex in India Falls; Essar and Rosneft in Refinery Sale Talks

Mukesh Buch
09 Jul, 2015
New York City

Essar Oil plans to sell its 49.9% stake in its Vadinar refinery to Russia-based Rosneft. Eros International is in advanced talks to sell 10% stake in Eros Now.

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