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ACE to Buy Chubb for $28 B, Peabody Tumbles on Higher Loss Estimate

Mukesh Buch
01 Jul, 2015
New York City

ACE agreed to acquire the Chubb Corp for $28.3 billion. Acuity Brands net surged 47% on 13% increase in revenues. AZZ net soared 34%. General Mills profit plunged 53%. Paychex net and revenues climbed. Peabody tumbled 22%. UniFirst net jumped 5%.

Australian Indexes Rebound 1%, Asciano in Takeover Talks

Marcus Jacob
01 Jul, 2015
New York City

Australian market indexes rebounded 1% on the hopes that the deepening crisis in the euro zone may be averted on a last minute deal. Asciano surged after it confirmed a takeover offer from a Canada based fund.

Greek Talks at Impasse as Crisis Unfolds, Airbus Wins China Contract

Nigel Thomas
01 Jul, 2015
New York City

Airbus secured contract from China Aviation Supplies Holding Company to supply 75 A330 wide-body jets. Anite net surged more than three-fold to

Sensex in India Reclaims 28,000 Mark, Maruti June Sales Jumps 1.8%

Mukesh Buch
01 Jul, 2015
New York City

Maruti Suzuki said June unit sales rose 1.8%. The Supreme Court of India said that the Petroleum and Natural Gas Regulatory Board has no power to set retail gas price of gas companies. Rajesh Exports is in talks to acquire a Switzerland-based gold refinery.

Celgene to Invest $1 B in Juno, Willis to Buy Towers Watson

Mukesh Buch
30 Jun, 2015
New York City

Celgene plans to invest about $1 billion in Juno Therapeutics. Willis Group agreed to acquire Towers Watson. Apollo Education net declined. ConAgra net swung to profit. OMNOVA net soared 15%.

Europe Movers: Carpetright, Imagination Tech, Saab, Banco de Sabadell

Nigel Thomas
30 Jun, 2015
New York City

Saab signed contracts for two new submarines and to upgrade two submarines worth about 8.6 billion kronor. Banco de Sabadell received regulatory approval to acquire share of TSB Banking for

Asian and Japanese Markets Rebound, Sony to Raise $3.6 B

Hiruki Nakamura
30 Jun, 2015
New York City

Market indexes in Asia and in Japan traded higher on the hopes that the last minute effort to avoid Greek debt default may lead to an accord. European Central Bank took steps to prevent the fast changing crisis from spreading to other nations in the euro zone. Sony announced a $3.6 billion offering.

Rupee Rebounds in India, Sensex Gains 1.5% in First-Half

Mukesh Buch
30 Jun, 2015
New York City

Market indexes and the rupee rebounds in India. Bharti Airtel subscribers cross 300 million, the third largest mobile operator in the world. M&M plans to invest for about ₹6,500 crore at the Chakan plant. Brigade Enterprise acquired land in Chennai from Kansai Nerolac Paints for $85 million.

Australian Indexes Rebound, New Home Sales Drop 2.3%

Marcus Jacob
30 Jun, 2015
New York City

Australian indexes rebounded on the last day of the week, month, quarter and half-year. The Aussie dollar struggled but resource stocks gained and banks led the advance. Kathmandu Holdings Ltd, the outdoor apparel retailer confirmed a takeover bid.

Global Markets May Prepare to Look Beyond Greece, Shanghai Rebounds 5%

Nichole Harper
30 Jun, 2015
New York City

World markets were on the defensive for the second day in a row as the prospect of a last minute accord between international lenders and Greece receded. Greece is scheduled to default at midnight and finance ministers are expected to meet tomorrow morning. China took steps to halt bear market.

Global Markets in Retreat on Merger Monday, Greek Crisis Intensifies

Nichole Harper
29 Jun, 2015
New York City

Global markets faltered and the euro was on the defensive after Greece imposed capital controls and tempers rose in the euro zone. Merger Monday saw a flurry of activities on both sides of the Atlantic.

Nikkei Leads Asia-wide Plunge with a Drop of 3%

Hiruki Nakamura
29 Jun, 2015
New York City

Market indexes in Tokyo plunged as much as 3% following a sharp turn in the euro zone. Greece imposed capital controls and entered in an unpredictable zone with the prospect of troubled nation leaving the currency union rose.

GE to Sell Fleet Businesses; SYSCO Terminates Merger

Mukesh Buch
29 Jun, 2015
New York City

GE agreed to sell its fleet businesses to Element Financial and Arval. Gannett began trading as two separate companies. SYSCO terminated its merger agreement with US Foods. Amphenol agreed to acquire FCI Asia for $1.3 billion. AMAG agreed to buy Cord Blood Registry for $700 million.

Deutsche Boerse in Deal with Six Group, Novartis to Acquire Spinifex

Nigel Thomas
29 Jun, 2015
New York City

Deutsche Boerse is in talks with Six Group to acquire the remaining stakes in Stoxx and Indexium for 650 million Swiss francs. BMW in a consortium plans to bid for Australia and New Zealand Banking Group''s car and equipment loan business.

Australian Market Indexes Drop 2.2% on Greek Fears

Marcus Jacob
29 Jun, 2015
New York City

ASX 200 index in Sydney declined more than 2% after Greek worries and financial markets braced for more fallout in the euro zone. Australian dollar declined as investors sought safety in yen and the U.S. dollar.

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