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S&P 500 Gains 1.7%, Global Markets Struggle

Nichole Harper
22 Aug, 2014
New York City

Stocks on Wall Street advanced and the S&P 500 index is set to gain the most since April. Dynegy agreed to acquire 12,500 megawatts of coal and gas power plants for more than $6 billion.

Dynegy Acquires Power Plants for $6.3 B; Gap, Ross, Salesforce Jump

Mukesh Buch
22 Aug, 2014
New York City

Dynegy agreed to acquire coal and gas assets from Duke Energy and Energy Capital Partners for $6.3 billion. Foot Locker net soared 39%. Gap profit jumped 10%. Hibbett Sports net plunged 20%. Nordson fell 2%. Ross Stores net soared 12%. Salesforce.com net swung to a loss.

LSE to Raise

Nigel Thomas
22 Aug, 2014
New York City

Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of

Largest Weekly Loss in Yen Since March

Hiruki Nakamura
22 Aug, 2014
New York City

Stocks in Tokyo closed lower and for the week the Nikkei index gained 1.5%. The yen weakened and construction companies led the market decline. The yen registered the largest weekly loss since March.

Weekly Rise of 1.4% in Australian Indexes, Santos Net Plunges 24%

Marcus Jacob
22 Aug, 2014
New York City

Australian indexes extended gains by 0.1% and gained 1.4% in the week on better than expected domestic earnings. In the coming week, Qantas Airways, Woolworths and WorleyParsons are scheduled to release earnings.

Gap and Arvind in India in Retail Venture, Suzlon Seeks Japanese Partner

Mukesh Buch
22 Aug, 2014
New York City

Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.

S&P 500 Touches New Record, Bank of America in Historic $16.5 B Settlement

Nichole Harper
21 Aug, 2014
New York City

U.S. market indexes traded higher after morning weakness. Bank of America agreed to pay $16.5 billion in fees and settlements to the U.S. Department of Justice. Family Dollar rejected $9 billion offer from Dollar General on anti-trust approval worries.

Family Dollar Rejects $9 B Offer, Bon-Ton, HP Jump, Sears Drops

Mukesh Buch
21 Aug, 2014
New York City

Buckle net fell 2%. Dollar Tree net slipped 3% while sales jumped. Family Dollar rejected $9 billion acquisition offer of Dollar General. Hewlett-Packard profit plunged 29% after revenue barely rose 1%. L Brands net climbed 5%. Sears net loss widened.

GTECH Arranges $10.7 B Loan, Kazakhmys Swings to Profit

Nigel Thomas
21 Aug, 2014
New York City

Costain profit doubled after revenue soared 18% to

Nikkei in Tokyo Extends Two Week Rally, Manufacturing Growth Advances

Hiruki Nakamura
21 Aug, 2014
New York City

Stocks in Tokyo closed higher and extended two-week advance and the weaker yen helped corporate earnings. The latest private survey showed manufacturing in Japan increased in August but the growth rate declined in China.

India Movers: Axis Bank to Raise $1 B, Bhusan Steel Struggles with Debt

Mukesh Buch
21 Aug, 2014
New York City

Bhushan Steel declined 52-week low after financial crises and net debt jumped to $5.9 billion. Electrotherm India net loss widened. Maxwell profit rose 3%. Shilpa Medicare net climbed 13%. Signet net jumped 11%.

Australian Indexes in 6-day Rally, Breville Plunges 18%

Marcus Jacob
21 Aug, 2014
New York City

Australian market indexes extended gains for the sixth session in a row but gains were trimmed in the afternoon after a private survey in China showed a marked decline in growth in manufacturing. Breville plunged 18% after CEO Jack Lord resigned. AMP net declined 3%.

Hertz Withdrew Guidance, Target Lowered Annual Outlook

Mukesh Buch
20 Aug, 2014
New York City

American Eagle net tumbled 70%. Hertz plunged after the rental services provider withdrew its outlook. Lowe

Stocks on Wall Street Look for Fed Support

Nichole Harper
20 Aug, 2014
New York City

Stocks on Wall Street advanced after lackluster morning trading ahead of Fed minutes of meeting release. Central bankers are scheduled to meet at the annual gathering organized by the Fed tomorrow. Target lowered its annual outlook. Hertz withdrew its forecast.

Balfour Rejects Revised Third Offer, Glencore Net Swings to Profit

Nigel Thomas
20 Aug, 2014
New York City

Balfour Beatty rejected third revised takeover offer from Carillion. Carlsberg profit climbed 7% to 2.2 billion kronor. Glencore net swung to profit of $1.7 billion. Heineken net fell 1% to

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