ticker

India Movers: Crompton Greaves, EIL, RCom, United Spirits

Mukesh Buch
19 Jun, 2014
New York City

Crompton Greaves put up a part of its land parcel of Mumbai for sale. EIL signed a contract with Nigeria based company worth $139 million. United Spirits plunged after Diageo

Fed Trimmed Stimulus and Lifted Target Rates for Next Two Years

Nichole Harper
18 Jun, 2014
New York City

Stocks on Wall Street turned higher after Fed trimmed its bond buying program for the fifth meeting in a row and cited improving labor market conditions and business spending. Fed also raised its estimate of rates for the next two years.

Yen Trading Oveshadows Stocks in Tokyo

Hiruki Nakamura
18 Jun, 2014
New York City

Stocks in Tokyo close higher and market indexes gained and yen trading was in focus after investors sought the safety in currency on the rising tensions in Iraq. Kobe Steel forecasted a return profitability in the current year. Seven & I plan to expand to Dubai in 2015.

Adobe, Air Products, FedEx Jump; Actuant, ConAgra, La-Z-Boy Fall

Mukesh Buch
18 Jun, 2014
New York City

Actuant net swung to profit on 10% increase in sales. Adobe profit soared 16%. Air Products won a five-year contract from NASA. ConAgra CEO sold 50,000 shares on Monday. FedEx net more than doubled. JTH Holding net climbed 14%. La-Z-Boy profit declined 74%.

Europe Earnings: Berkeley, BMW, First Quantum, Premier Foods, Rheinmetall

Nigel Thomas
18 Jun, 2014
New York City

Berkeley Group profit surged 40% to

South Africa Based Woolworths Approves David Jones Acquisition

Marcus Jacob
18 Jun, 2014
New York City

Australian trading volume surged after Royal Dutch Shell sold its stake in Woodside Petroleum. South Africa based Woolworth shareholders approved the deal to acquire David Jones. Aquila Resources recommended to merge with China based Baosteel.

India Movers: Cipla, Gati, Kotak Mahindra, Network 18, RIL

Mukesh Buch
18 Jun, 2014
New York City

Cipla agreed to acquire 60% stake in a Sri Lankan company for $14 million. Kotak Mahindra won an approval to increase foreign investment ceiling to 40%. RIL plans to invest $11.7 billion in telecom business and expected the approval of higher natural gas price in the next budget.

Stocks on Wall Street Fluctuate as Fed Began 2-Day Policy Meeting

Nichole Harper
17 Jun, 2014
New York City

U.S. market indexes eased and Federal Reserve began two-day policy meeting. Gold and oil consolidated and violence in Iraq spread to more regions. Siemens and Mitsubishi Heavy offered a rival bid for energy business of Alstom SA in France. U.S. housing starts drop 6.5% in May.

Siemens and Mitsubishi Heavy Offer a Rival Bid Alstom Businesses

Nigel Thomas
17 Jun, 2014
New York City

Siemens AG and its Japanese partner Mitsubishi Heavy Industries Ltd offered to acquire France based Alstom SA

FactSet Jumps, Korn-Ferry Drops; SolarCity Agrees to Acquire Silevo

Mukesh Buch
17 Jun, 2014
New York City

FactSet Research net dropped 4% despite revenue jumped 8%. Korn-Ferry net surged 74% on 9% revenue rise. Synutra Intl net swung to profit after sales surged 39%. SolarCity agreed to acquire Silevo Inc for $350 million.

Casino Linked Stocks in Focus Ahead of Japan Debate

Hiruki Nakamura
17 Jun, 2014
New York City

Stocks in Tokyo advanced on weaker than average volume and yen edged lower to close below 102 mark against the U.S. dollar. Casino game makers were in focus ahead of a parliamentary debate on casino laws tomorrow.

Europe Earnings: Ashtead, Consort Medical, Whitbread, Xaar

Nigel Thomas
17 Jun, 2014
New York City

Ashtead Group profit jumped 68% to

Australian Rates are to Remain Low, Shell to Cut Woodside Stake to 4.5%

Marcus Jacob
17 Jun, 2014
New York City

Australian market indexes opened higher after the June RBA meeting minutes showed low interest rate environment is likely to continue. Automobile sales in May rose on a monthly basis but struggled from a year ago month. Royal Dutch Shell plan to cut its stake in Woodside to 4.5%.

India Movers: Hindustan Zinc, Pennar, Ricoh India, Tata Steel

Mukesh Buch
17 Jun, 2014
New York City

Essar Steel secured order to supply 102,000 tons of steel pipes from Gujarat government. Hindustan Zinc rose after government plans to sell its stake worth about Rs 20,000 crore. Tata Steel plans to raise up to Rs 14,000 crore.

Merger Monday: Level 3, SanDisk, Medtronic

Mukesh Buch
16 Jun, 2014
New York City

Level 3 plans to acquire TW Telecom for $5.64 billion. Medtronic agreed to a deal to acquire Covidien for $42.9 billion. SanDisk plans to buy Fusion-IO worth $1.1 billion. Williams Companies acquired Access Midstream for $5.99 billion. Yahoo plunged after Alibaba result.

Market Update