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IMF Lowers U.S. Outlook, Oil Advances on Continued Violence in Iraq

Nichole Harper
16 Jun, 2014
New York City

U.S. stocks declined after the IMF lowered its assessment of the U.S. economic outlook. Oil and gold rose after violence in Iraq intensified and Russia cutoff natural gas supplies to Ukraine.

Europe Earnings: Mitchells & Butlers, Ladbrokes, Syngenta, Vodafone

Nigel Thomas
16 Jun, 2014
New York City

Mitchells & Butlers agreed to acquire rival operator Orchid Group for

Iraq Tensions Lift Japanese Yen, Topix Drops 1.1%

Hiruki Nakamura
16 Jun, 2014
New York City

Tokyo stocks declined after a 3-week rally and the yen advanced on the rising prospects of a U.S. airstrike in Iraq. Fighting intensified in Iraq and the oil prices extended gains for the third week in a row.

Australian Home Construction to MaintainTorrid Pace

Marcus Jacob
16 Jun, 2014
New York City

Housing industry in Australia is expected commence on 180,000 new homes in the current year, an increase of 7.1% following 10.9% rise last year. Precious metals miners led the broader market advance after indexes reversed earlier losses in the day.

India Movers: Bank of India, CBI, GAIL, Net 4 India, TCS

Mukesh Buch
16 Jun, 2014
New York City

Bank of India is planning to raise nearly $1.5 billion. GAIL reduced its stake in Dahej, Gujarat based petrochemical project controlled by ONGC. Net 4 India net swung to a loss. TCS lowered its quarterly outlook.

Allegheny, Express, Intel, Multi-Color Soar; Finisar Falls

Mukesh Buch
13 Jun, 2014
New York City

Allegheny agreed to acquire Hanard Machine. Amaya buys Oldford Group for $4.9 billion. Express surged after Sycamore Partners offered a 9.9% stake. Finisar tumbled on cautious outlook. Intel lifted annual revenues outlook to $53.07 billion.

Europe Earnings: Bonmarche, Boohoo.Com, CGG, Ensor, Telenor

Nigel Thomas
13 Jun, 2014
New York City

Bonmarche pre-tax profit surged 85% to

U.S. Stocks Struggle with Iraq in Backdrop

Nichole Harper
13 Jun, 2014
New York City

Stocks on Wall Street struggled after Iraq violence lifted oil price and supply disruption worries. Priceline agreed to acquire OpenTable for $2.6 billion. Producer prices in May fell unexpectedly.

OpenTable Agrees to $2.6 Billion Deal with Priceline

Arjun Dave
13 Jun, 2014
New York City

Priceline Group Inc agreed to acquire OpenTable Inc. for $2.6 billion in cash. The online travel group offered $103 a share, 46% premium from to OpenTable

U.S. Wholesale Prices Fall Unexpectedly in May

Mukesh Buch
13 Jun, 2014
New York City

Producer Price Index for final demand declined 0.2% in May after rising 0.6% in April, the Labor Department said today in Washington.

Bank of Japan Lifts Views on Foreign Economies and Kept Historic Stimulus

Hiruki Nakamura
13 Jun, 2014
New York City

Bank of Japan kept its monthly stimulus plan and lifted its assessment of foreign economies. The central bank will continue to print money at historic pace of 60 trillion yen to 70 trillion yen. Meiji Holdings agreed to acquire India based generic drug maker for $290 million.

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