ticker

GE Wins Alstom Business for $17 B, Oracle to Buy Micros for $5.3 B

Nichole Harper
23 Jun, 2014
New York City

Stocks on Wall Street traded lower after oil advanced on rising supplies disruptions worries in Iraq. European markets dropped on weak manufacturing data. General Electric won the bidding war for the energy business of Alstom SA. Oracle agreed to acquire Micros Systems.

Nikkei in Tokyo Advances, Olympus Estimated Prpfit to Double

Hiruki Nakamura
23 Jun, 2014
New York City

Nikkei 225 Stock Average gained as resource stocks advanced and telecom stocks declined. Casino equipment stocks fell. Mitsubishi Heavy Industries and Siemens failed to win energy business of Alstom SA.

Australian Stocks and Dollar Gain on Chinese Manufacturing Data

Marcus Jacob
23 Jun, 2014
New York City

Australian market indexes closed higher in active trading following better than expected manufacturing data in China. Wholesaler and distributor Metcash reported 18% decline in annual profit. Gas utility Envestra Ltd forecasted annual earnings at the upper end of the outlook.

India Movers: AstraZeneca, Bharti, Essar, Gammon, Kotak, Ramky

Mukesh Buch
23 Jun, 2014
New York City

AstraZeneca rose after shareholders approved delisting and Essar Oil also delisted its stock from exchanges. Bharti Airtel signed a network agreement in Mumbai with Loop Mobile. Gammon Infra to raise up to $83 million. Ramky Infra net swung to a loss.

Shire Rejected $46.5 Billion Offer from AbbVie; Oracle, Tibco Plunge

Mukesh Buch
20 Jun, 2014
New York City

CarMax net and revenue climbed. Darden Restaurants profit plunged 35%. Oracle net dropped 4% but revenue rose 3%. Tibco Software net tumbled 82%.

Six Day Rally Lifts S&P 500 Index to a New High

Nichole Harper
20 Jun, 2014
New York City

U.S. stocks advanced and S&P 500 index gained traded at a new peak. Market indexes are set to gain for the fourth week in the last five as investors bid up cyclical stocks after the Fed announcement.

Siemens, Mitsubishi Lifted Alstom Offer, Shire Rejected $46.5 B Offer

Nigel Thomas
20 Jun, 2014
New York City

Debenhams launched

Stocks in Japan Five-Week Gains, Mitsubishi Lifts Alstom Offer

Hiruki Nakamura
20 Jun, 2014
New York City

Market indexes in Tokyo edged lower on Friday but extended gains for the fifth week in a row. The yen closed below 102 mark against the U.S. dollar. Mitsubishi Heavy and Siemens revised their combined bid to $19.9 billion for Alstom

Australian Indexes Drop 0.9%, Mantra Group Completes $239 Million IPO

Marcus Jacob
20 Jun, 2014
New York City

Australian market indexes dropped and closed at the low in the session but precious metals linked stocks gained after gold jumped 3%, the largest one-day gain in the year. Mantra Group, second largest hotel and resort group in Australia closed up 4% on first day of trading.

India Movers: Ashok Leyland, Cairn India, Indiabulls, Tata Motors, UPL

Mukesh Buch
20 Jun, 2014
New York City

Cairn India plans to invest $200 million in Rajasthan. Indiabulls buys property worth

BlackBerry Swings to Quarterly Profit, Kroger Net Rises

Mukesh Buch
19 Jun, 2014
New York City

BlackBerry net swung to profit. Clarcor net jumped 5%. IHS profit and revenue surged. Kroger net advanced 4.2% on 10% rise in sales. Rite Aid net plunged 54%. Red Hat dropped 7% but revenue soared 17%.

Europe Earnings: Charles Stanley, Man Group, L'Oreal, Rolls-Royce

Nigel Thomas
19 Jun, 2014
New York City

Balfour Beatty secured a

World Markets Advance, U.S. Weekly Jobless Claims at 7-Year Low

Nichole Harper
19 Jun, 2014
New York City

U.S. weekly jobless claims at the end of last week hovered near a seven-year low. European and Asian markets advanced after U.S. policy makers estimated rates to remain low for at least another two years. Oil traded at elevated level and gold gained.

Nikkei Leads Asian Rally, Yen Advances

Hiruki Nakamura
19 Jun, 2014
New York City

Market indexes in Japan rose following a rally in Asian markets after the U.S. policy makers issued a dovish interest rate outlook. Nikkei index gained 1.6% and yen strengthened to 101.78 against one dollar. Tokai Tokyo Financial and Nissan Chemical advanced on earnings reports.

Australian Indexes Soar 1.6%, Aussie Dollar Jumps Near Yearly High

Marcus Jacob
19 Jun, 2014
New York City

Australian market indexes opened higher and closed up 1.6% after iron ore prices recovered to above $90 a ton. Weak interest rate outlook in the U.S. for the next two years also lifted market sentiment. Ten Network dropped on weak revenue outlook.

Market Update