ticker

Apogee, Barnes & Noble, Monsanto Jump; General Mills, Lindsay Fall

Mukesh Buch
25 Jun, 2014
New York City

Apollo Education net declined 11%. Apogee net surged 47%. Barnes & Noble net loss narrowed and the retailer plans to spin-off its Nook tablets and college books businesses. General Mills profit climbed 10%. Lindsay net tumbled 37%. Monsanto profit slumped 6%.

Europe Earnings: Aker Solutions, GDF Suez, Northgate, Stagecoach, TSB

Nigel Thomas
25 Jun, 2014
New York City

Aker Solutions dropped after $250 million contract was terminated by Total SA. GDF Suez slid after France government sold its 3.1% stake. Northgate net swung to profit. Stagecoach profit climbed 5% to

U.S. Supreme Court Sides with Broadcasters, Blocks Aereo

Arjun Dave
25 Jun, 2014
New York City

The U.S. Supreme Court in a landmark case sided with broadcasters and blocked the transmission of broadcast TV through Internet.

U.S. GDP Shrinks at 2.9% Rate in Q1, Stocks Trade Sideways

Nichole Harper
25 Jun, 2014
New York City

U.S. first quarter GDP shrinkage was revised to 2.9%, worse since the first quarter 2009 decline of 5.4%. Smaller consumer spending and a larger decline in exports contributed to the fall. Supreme Court blocked independent streaming of broadcast TV.

Japanese Prime Minister Abe Announces Third Step of Economic Reforms

Hiruki Nakamura
25 Jun, 2014
New York City

Stocks in Tokyo closed lower and investors turned cautious as violence in Iraq spread to more regions. Euglena announced a plan to develop bio-diesel engine with Isuzu Motor. Toyota plans to begin selling fuel-cell vehicles in Japan by the end of this fiscal year.

India Movers: DCM Shriram, Indian Hotels, Parsvnath, PTC India, TTK

Mukesh Buch
25 Jun, 2014
New York City

DCM Shriram sold its textile spinning mill in Rajasthan. Indian Hotels plans to raise Rs 1,000 crore through a convertible debenture issue. Parsvnath Developers expects to raise $168 million through land sales.

Australian Dollar and Stocks Fall, Lend Lease Estimated Net to Jump 45%

Marcus Jacob
25 Jun, 2014
New York City

Australian market indexes traded lower and the Aussie dollar eased. Trading volume picked up after banks and resources stocks led the most actively traded stocks. Lend Lease estimated full-year profit to jump 45%. Treasury Wine Estates plans to write-down $260 million in assets.

Abbott to Acquire Veropharm; Carnival, Walgreen Net Climb

Mukesh Buch
24 Jun, 2014
New York City

Abbott agreed to acquire Russia-based Veropharm for $495 million. Carnival net jumped 159%. KKR acquired one-third stake in Acciona for $567 million. Micron Technology profit surged. Sonic net jumped 14%. Walgreen net soared 16%.

New Home Sales Surge in May Spur Stock Advance on Wall Street

Nichole Harper
24 Jun, 2014
New York City

U.S. stocks traded higher on a strength in tech and biotech stocks. New home sales surged 18.6%, second monthly increase following two months of decline and seasonally adjusted annual rate rose to the highest since May 2008.

Europe Earnings: Altice, BowLeven, Carnival, Chemring, Croda, ThromboGenics

Nigel Thomas
24 Jun, 2014
New York City

Altice issued 17.9 million shares to raise

Tokyo Stocks Turn Higher, Mitsui Fudosan Launches $3 Billion Offering

Hiruki Nakamura
24 Jun, 2014
New York City

Stocks in Tokyo closed higher and the yen traded below 102 mark against the dollar. Investors focused on the fiscal second-half and expectations rose of earnings revisions led by exporters and retailers. Mitsui Fudosan began its $3 billion equity offering today.

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