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Hitachi, Mitsubishi to Join Alstom Bid, Japan Indexes Fall from 4-Month Peak

Hiruki Nakamura
12 Jun, 2014
New York City

Tokyo stocks decline from a 4-month high and the yen held firm. Takata Corp, the maker of air bags for Toyota, extended losses for the second day after defective air bags may need more fixes. Tokyo Dome quarterly net plunged 63%. Fanuc and Komatsu dropped on weak exporters.

Europe Earnings: Alstom, Home Retail, Lonmin, Mulberry, Volex

Nigel Thomas
12 Jun, 2014
New York City

Hitachi agreed to participate with Mitsubishi and Siemens to bid for France based Alstom. Home Retail said sales at Argos and Homebase business climbed. Lonmin surged after settling wage dispute at African mines. Mulberry profit plunged 54%. Volex said net loss in the year widened.

Australian Job Creation in May Halts, Stocks Trade Lower

Marcus Jacob
12 Jun, 2014
New York City

Australian stocks traded lower on the weakness in resource sector. Investors have shifted focus to smaller companies but three most actively traded stocks. BHP, Commonwealth Bank and Westpac Banking led the most active list. Jobs creations slowed for the first time in four months.

India Movers: Asian Paints, Essar, Infosys, Idea, KEC Intl, Tata, Unitech

Mukesh Buch
12 Jun, 2014
New York City

Asian Paints completed acquisition of Ess Ess bathroom products. Essar plans to raise up to $600 million. Infosys appointed Vishal Sikka as new CEO, the first outsider to lead the company. Jaiprakash Associates sold its Gujarat plant to UltraTech Cement.

Cantor Defeat and Lower Global Growth Weighs on Wall Steeet

Nichole Harper
11 Jun, 2014
New York City

U.S. stocks traded lower after rising for four days and the prospect of political gridlock rose in Washington after the U.S. House Majority Leader Eric Cantor lost to a Tea Party backed candidate.

H&R Block, Synaptics, Ulta Salon Rise; United Natural Foods Falls

Mukesh Buch
11 Jun, 2014
New York City

Ares Management net and revenue surged. H&R Block net climbed 37% and sales soared 18%. Synaptics lifted its revenue outlook and agreed to acquire Japan-based Renesas SP Drivers for $475 million. Ulta Salon net jumped 19% and revenue surged 23%.

Europe Earnings: CommerzBank, Lufthansa, Inditex, Kion, Vallourec

Nigel Thomas
11 Jun, 2014
New York City

CommerzBank sold non-performing loans portfolio for

Stocks in Japan Resume Advance, Wholesale Prices Rise in May

Hiruki Nakamura
11 Jun, 2014
New York City

Stocks in Tokyo advanced a day after trading lower and extended 14-day gain and the yen closed lower. Wholesale prices in May rose at the fastest pace in 5% on sales tax increase. Nissan is scheduled to launch its first electric vehicle in domestic market in October.

Australia Based Ramsay Acquires Controlloing Stake in French Rival

Marcus Jacob
11 Jun, 2014
New York City

Trading in Australian stocks remained subdued as large and foreign investors stayed away from leading resource companies in Australia. Aussie dollar advanced as currency traders forecasted parity with the U.S. dollar. Downer EDI plunged after BHP cancelled a mining contract.

Corporate India Resumes Rights Offering to Fund Expansion

Mukesh Buch
11 Jun, 2014
New York City

Future Retail to raise up to Rs. 2,000 crore to reduce the debt. Indian Hotels received regulatory approvals to raise as much as Rs 1,000 crore through a rights issue. L&T plans to sell 1.6% stake in its financial services unit. SBI to consolidate several subsidiaries.

Burlington Stores, HD Supply, Pep Boys Rise; RadioShack Drops

Mukesh Buch
10 Jun, 2014
New York City

Burlington Stores net swung to profit after sales soared. HD Supply net loss narrowed but sales climbed 6%. International Game Technology hired bankers. Metlife plans to repurchase shares up to $1 billion. Pep Boys net tumbled 59%. RadioShack net loss widened.

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