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Mylan Offers $27 B to Perrigo, Solera to go Private for $6.5 B

Mukesh Buch
14 Sep, 2015
New York City

Apple started accepting pre-orders for the iPhone 6s and iPhone 6s Plus. Mylan offered to acquire Perrigo Co for $27 billion. Solera agreed to be acquired by privately held Vista Equity Partners for $6.5 billion.

Nikkei Drops 1.6% on China Worries

Hiruki Nakamura
14 Sep, 2015
New York City

Nikkei average in Tokyo dropped 1.6% following Asian markets decline after China reported weakening factory output and fixed-asset investments data over the weekend. Shoei Foods, the dairy and confectionary maker said quarterly sales increased 9.1%.

Australian Market Struggle as Economic Slump Continues in China

Marcus Jacob
14 Sep, 2015
New York City

Australian market indexes struggled after the latest economic data from China showed weakening growth backdrop. Australian dollar edged higher. Oil Search rejected latest takeover overture from Woodside Petroleum.

Sensex in India Jumps 0.9%, Wholesale Price Decline Accelerates

Mukesh Buch
14 Sep, 2015
New York City

The wholesale prices in India declined at a faster pace in August, largely on 16% drop in fuel prices. Volatile vegetable prices, sensitive issues for most families, declined 21% but prices for pulses rose 36%. JK Tyre is a step closer to acquire tire unit of Kesoram for $300 million.

Europe Movers: Alcatel Lucent, Sprue Aegis, Gemalto, Trinity Mirror

Nigel Thomas
14 Sep, 2015
New York City

European markets take a cautious view of ahead of the U.S. rate decision later in the week. Trinity Mirror is in talk to acquire remaining stake in Local World. Nokia received U.S. regulatory approval to acquire Alcatel Lucent.

S&P 500 Struggles on Flat Producer inflation and 3% Drop in Oil

Nichole Harper
11 Sep, 2015
New York City

Market indexes on Wall Street in a slow but steady climb on Friday cross in the positive zone as oil plunged as much as 3%. Producer inflation is expected to remain restrained after the latest report from the government showed benign price pressures.

Kroger, Restoration Soar; Mattress Firm, Marvell, Zumiez Tumble

Mukesh Buch
11 Sep, 2015
New York City

GE agreed to sell its transportation finance business to BMO Financial. Brady net loss narrowed. Kroger net swung to a loss. Mattress Firm profit surged 53%. Marvell Technology net swung to a loss. Restoration Hardware net jumped 10%. Zumiez net tumbled 57%.

SoftBank in Focus on LBO Talks Report, Aeon REIT Net Rises

Hiruki Nakamura
11 Sep, 2015
New York City

Nikkei average eased and in volatile trading the reference index trimmed weekly gains. SoftBank Group was in focus on speculation that the founder Son is looking to take the telecom company private.

Actelion Offers $2.5 B to ZS Pharma, J D Wetherspoon Net Soars

Nigel Thomas
11 Sep, 2015
New York City

Actelion in preliminary talk with the U.S.-based rivals ZS Pharma for $2.5 billion. Gerry Weber profit tumbled 49% but revenues jumped 5%. J D Wetherspoon profit soared 9% on 7% increase in revenues. Jelf received

Australian indexes Lack Support, CBA Offering Attracts 50% Participation

Marcus Jacob
11 Sep, 2015
New York City

Australian market indexes closed down and trimmed weekly gains to 0.7%. Commodities eased. Commonwealth Bank only received 50% participation in its $3 billion rights offering. Newcrest Mining struggles with safety issues.

Sensex in India Advances 1.6%; MRF, TVS to Expand in Tamil Nadu

Mukesh Buch
11 Sep, 2015
New York City

Arvind Ltd, apparel retailer entered in a partnership with cosmetics retailer Sephora. MRF & TVS Motors finalize investment plans to expand manufacturing in Tamil Nadu. L&T is a step closer to issue bonds worth ₹9,600 crore.

Palo Alto Surges; Krispy Kreme, Lululemon Plunge

Mukesh Buch
10 Sep, 2015
New York City

Assurant agreed to sell businesses for $1.92 billion to Canada-based Sun Life Financial. Dell plans to invest $125 billion in China in the next five years. Hovnanian net swung to a loss. Krispy Kreme profit increased 4%. Lululemon net dropped 2%. Palo Alto net loss widened.

Australian Indexes Drop 2.4% on Weak Commodities

Marcus Jacob
10 Sep, 2015
New York City

Australian market indexes declined more than 2% after regional markets turned volatile and investors worried on the faster economic slowdown in China. Gold and crude oil declined. Atlas Iron reached its production target four months ahead of schedule.

Nikkei Settles Lower in Tokyo, Machine Orders Slipped in July

Hiruki Nakamura
10 Sep, 2015
New York City

Nikkei average settled lower in choppy trading following the largest one-day gain since 2008. Core machinery orders slipped in July. Shimamura advanced on higher first-half sales.

Dunelm, Next Profit Jump; Morrison Net Tumbles

Nigel Thomas
10 Sep, 2015
New York City

Bouygues secured contract worth

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