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Sensex in India Falls; L&T Finance in Stake Sale Talks

Mukesh Buch
07 Jul, 2015
New York City

Reliance plans to sell 3.1% stake in Network18. IRB Infra won an order worth ₹2,650 crore or $400 million from the National Highways Authority of India. Sterlite Tech secured an order of $1.1 in defence sector.

Nikkei Rebounds 1.3%, Seven & I Jumps on Sales Outlook

Hiruki Nakamura
07 Jul, 2015
New York City

Nikkei average rebounded a day after Greek historic no vote as investors focused on domestic and regional economic news. Seven & I forecasted net sales in first-half to jump 5%. Dentsu gained after reporting better-than-expected sales in June.

Rates on Hold in Australia, Elevated Housing Market Worries RBA

Marcus Jacob
07 Jul, 2015
New York City

Reserve Bank of Australia left its reference rate unchanged and offered a slightly optimistic outlook for the economy but also highlighted elevated home prices especially in large cities.

Axel Springer and ProSiebenSat.1 are in Merger Talk

Nigel Thomas
07 Jul, 2015
New York City

Axel Springer and ProSiebenSat.1 AG are in merger talks. 3i Infrastructure and AMP agreed to acquire 50% stake in the Denmark-based ESVAGT for

Global Markets, Oil Dip After Greek No Vote

Nichole Harper
06 Jul, 2015
New York City

World markets declined for the second day as crisis in Greece deepened and euro zone leaders set off another round of negotiations ahead of summit tomorrow. The historic Greek no-vote has complicated already chaotic negotiations with no clear path in resolving crisis in Greece.

Aetna to Acquire Humana for $37 B

Mukesh Buch
06 Jul, 2015
New York City

Aetna agreed to acquire Humana for $37 billion as consolidation in health insurance market accelerates. Allergan agreed to acquire Oculeve for $125 million. Philip Morris may sell stake of $1 billion in Indonesia-based unit. Whirlpool completed acquisition of American Dryer.

Nikkei Plunges 2% on Euro Zone Worries; San-A and Yondoshi in Focus

Hiruki Nakamura
06 Jul, 2015
New York City

Nikkei in Tokyo and market indexes in Asia dropped after Greece rejected terms set by international lenders in a referendum. Finance minister resigned and Greece prepared to negotiate with lenders with leaders in the euro zone sending mixed signals.

Second Day Decline of 1% in Australian Markets, AGL to Restructure

Marcus Jacob
06 Jul, 2015
New York City

Australian market indexes declined more than 1% for the second day in a row and oil prices eased after Greece rejected bailout terms set by international lenders. AGL Energy said it plans to focus on core business and sell-off assets and take a restructuring charge.

Rolls-Royce Plunges 7% on Lowered Outlook, Bovis Jumps 2%

Nigel Thomas
06 Jul, 2015
New York City

EasyJet passenger traffic in June climbed 7.6% and load factor edged up. Rolls-Royce plunged 7% on lowered operating profit forecast. Bovis Homes sales increased 3%. Marshalls revenues climbed 11% to

Sensex in India Looks Beyond Euro Zone Chaos, Oil Drops 3%

Mukesh Buch
06 Jul, 2015
New York City

Markets in India ignore the growing uncertainty and confusion in the euro zone after Greece rejected bailout terms in a referendum held on Sunday. Videocon plans to invest $2.5 bn in oil and gas ventures in Brazil. Kotak Mahindra said foreign investment limit in the bank was rose to 55% from 49%.

World Markets Stall on Valuation and Greek Chaos

123jump.com Staff
04 Jul, 2015
New York City

U.S. payrolls expanded 223,000 in May and jobless rate fell to 5.3%. New orders for manufactured goods in May eased 1%. In the euro area wholesale inflation was stable. Monetary base in Japan continued to rise at a fast pace and investors worried about volatile markets in Shanghai.

U.S. Jobless Rate Fell, World Markets in Holding Pattern

Nichole Harper
02 Jul, 2015
New York City

U.S. payrolls expanded 223,000 in May and jobless rate fell to 5.3%. New orders for manufactured goods in May eased 1%. In the euro area wholesale inflation was stable. Monetary base in Japan continued to rise at a fast pace and investors worried about volatile markets in Shanghai.

BP Settled Additional Claims of $18.7 B, Centene to Buy Health Net

Mukesh Buch
02 Jul, 2015
New York City

BP settled additional claims of $18.7 billion related to Gulf of Mexico oil spill. Centene agreed to acquire Health Net for $6.8 billion. Delta Air June traffic increased 3.2%. Family Dollar net fell 2%. International Speedway net tumbled 38%. Paypal agreed to acquire Xoom.

Amadeus to Acquire Navitaire, UK Trims Stake in Lloyds Banking

Nigel Thomas
02 Jul, 2015
New York City

Amadeus agreed to acquire Navitaire for $830 million from Accenture. JBS agreed to acquire the U.S.-based Cargill''s pork business for $1.5 billion. U.K. government trimmed its stake in Lloyds to 15.9%. Sartorius Stedim agreed to acquire Germany-based Cellca.

Auto Sales in India Jumps in June, Sensex Eases

Mukesh Buch
02 Jul, 2015
New York City

June month auto sales gained after makers report better-than-expected vehicle sales. Ashok Leyland sales soared 41%, Bajaj Auto sales climbed 8% and Tata Motors total commercial and passenger vehicles sales including exports gained 6%. TVS Motor total sales climbed 8% and export sales soared 26%.

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