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Berkshire Acquires 3.7% in Australia Based IAG, Westpac to Lower Stake in BT

Marcus Jacob
16 Jun, 2015
New York City

In weak trading, ASX 200 index closed unchanged and Warren Buffett controlled Berkshire Hathaway agreed to acquire 3.7% stake in Insurance Australia Group. Motor vehicles sales in May declined 1.3%.

S&P 500 and European Markets Ease as Greek Negotiations Collapse

Nichole Harper
15 Jun, 2015
New York City

Market indexes around the world were under pressure and the euro declined after talks between European lenders and Greece collapsed. Bond yields on 2-year Greek jumped to 29% and 10-year bond yield jumped to 12.4%. The euro fell 0.2%.

CVS Acquires Pharmacy Business of Target, Homebuilders Agrees to Merge

Mukesh Buch
15 Jun, 2015
New York City

CVS Health agreed to acquire the in-store pharmacy from Target for $1.9 billion. Comverse net loss widened and agreed to buy U.K.-based Acision. Masonite received binding offer from France-based Perceva. United Technologies plans to sell or split its Sikorsky helicopters business.

Metro in

Nigel Thomas
15 Jun, 2015
New York City

Metro agreed to sell its department store chain to Canada-based Hudson''s Bay for

Nikkei Falls; Toshiba and Honda Announce Earnings Adjustments

Hiruki Nakamura
15 Jun, 2015
New York City

Nikkei average closed down and the yen traded weak in listless trading. Honda Motor announced a charge to cover recall of airbags. Toshiba identified more accounting irregularities.

Australian Indexes and Dollar Recover from Greek Jitters

Marcus Jacob
15 Jun, 2015
New York City

In volatile pattern, market indexes trimmed morning losses in Australia and banks led the charge. Australian dollar gained but gold and crude oil closed nearly unchanged. Arrium Ltd declined after announcing additional impairment charges.

Wholesale Prices in India Declined Easing Drought Worries

Mukesh Buch
15 Jun, 2015
New York City

Stocks in Mumbai rose after factory output increase and wholesale prices declined. Tata Motors reported May global sales including Jaguar Land Rover, rose 2.2%. Power Grid said after the government plans to sell 5% stake in the company.

Encouraging Economic Data in the U.S., Greek Uncertaintity Clouds Europe

Nichole Harper
12 Jun, 2015
New York City

The latest economic data pointed positive picture as a private survey showed an increase in consumer confidence and a measure of wholesale inflation was within the target range set by the Fed. European leaders gather one more time to discuss Greek bailout as tempers rise and mood sours.

Twitter Chief Tweets Out; Cherokee, Korn/Ferry, MFRI Climb

Mukesh Buch
12 Jun, 2015
New York City

Twitter chief executive Dick Costolo steps down replaced by interim-CEO Jack Dorsey. Cherokee net edged up. Korn/Ferry profit soared 20% on 8% gain in revenues. MFRI net swing to a loss. Restoration Hardware net surged 37% and lowered fiscal outlook.

Japan Industrial Production Rises 1.2%, Weekly Fall of 0.3% in Nikkei

Hiruki Nakamura
12 Jun, 2015
New York City

Nikkei in Tokyo rose and investors digested latest batch of earnings. Industrial production increased for the first time in three months in April. Ateam said third-quarter sales increased 24% and estimated annual sales to increase 29%. Mitsubishi Corp launched a 60-year bond offering.

Ted Baker and Bonmarche Sales Rise; Bwin.party, Zodiac Fall

Nigel Thomas
12 Jun, 2015
New York City

SKY lifted its stake in Team Sky after the transfer of stake from 21st Century Fox. Boohoo.Com revenues surged 35%. Bonmarche net soared 78%. Bwin.party two shareholders will sell up to 50 million shares. Ted Baker revenues soared 24%.

Weekly Loss of 4.1% in Sydney, Energy Resources Plunges 48%

Marcus Jacob
12 Jun, 2015
New York City

Australian market indexes extended losses and fell 4.1% in the week. Aussie dollar edged higher and crude oil and gold advanced in local trading. Rio Tinto backed uranium miner Energy Resources plunged 48% after abandoning its expansion plans.

Takeover Activities Heat Up in India; ABG, PVR, Wipro in Focus

Mukesh Buch
12 Jun, 2015
New York City

Reliance plans to launch Reliance Jio in December this year. Wipro initiated talks with the UK-based outsourcing group Equiniti for takeover valued at

S&P 500 and European Markets Advance; IMF and Greece 'Far Apart'

Nichole Harper
11 Jun, 2015
New York City

Market indexes on Wall Street advanced and weekly jobless claims increased less than expected. The IMF recalled its debt negotiating team to Washington and contradicted Greek assertion that an agreement is in the offing.

Box, Krispy Kreme, Men's Wearhouse Climb

Mukesh Buch
11 Jun, 2015
New York City

Blackhawk Network agreed to acquire Achievers Corp for an undisclosed amount. Box net loss widened. Delta Air Lines plans to buy 40 Boeing 737 planes. Destination Maternity net plunged 68%. Krispy Kreme profit surged 11%. Men''s Wearhouse net tumbled 37%.

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