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Market Update

Australian Markets Trim Early Losses

Marcus Jacob
20 May, 2014
New York City

Australian market indexes closed higher after stocks searched for a direction in early trading. Telstra closed at a new high. Treasury Wines gained after a takeover offer from KKR. Consumer confidence index declined according to a private poll.

India Movers: Aditya Birla Nuvo, Bhel, FDC, RPower, RInfra, Whirlpool

Mukesh Buch
20 May, 2014
New York City

Aditya Birla Nuvo net dropped 12%. Bhel signed a contract to set up a power plant in Indonesia. Munjal Auto profit and sales climbed. RPower net edged up but revenue climbed. RInfra net declined 14% and revenues plunged 21%. Whirlpool net surged 43%.

AT&T to Buy DirecTV for $48.5 billion; KKR, Valspar Jump

Mukesh Buch
19 May, 2014
New York City

AT&T plans to buy DirecTV for $95 per share or $48.5 billion. Campbell Soup net rose 2% but revenue nearly flat. Johnson Controls plans to spin off its $3 billion automotive-interiors business. MasterCard agreed to acquire ElectraCard. Valspar net declined 12%.

Merger Monday: AT&T and DirecTV, KKR, Deutsche Bank, MasterCard

Nichole Harper
19 May, 2014
New York City

Merger news dominated Monday trading and telecom stocks were in focus. AT&T agreed to acquire DirecTV for $48.5 billion. KKR & Co agreed to acquire Singapore based bulk container maker for $1.1 billion. MasterCard acquired online payment software developer.

AstraZeneca Rejects Pfizer Offer, Qatar to Invest in Deutsche Bank Offering

Nigel Thomas
19 May, 2014
New York City

AstraZeneca tumbled and the company rejected the takeover offer from Pfizer at

Japan's Machinery Orders in March Surge 19.1%, Nikkei Eases

Hiruki Nakamura
19 May, 2014
New York City

Japan

Australian Indexes Drop 1.3%, Boart Signals Weaker Rig Services Market

Marcus Jacob
19 May, 2014
New York City

Australian market indexes declined 1.3% on weak iron ore prices and weak outlook for domestic housing prices. Goodman Fielder backed revised takeover offer from two bidders. Boart Longyear cautioned market conditions for drilling rig services may worsen.

India Movers: Adani, Hindalco, Jubilant FoodWorks, JK Cement, SpiceJet, Tata

Mukesh Buch
19 May, 2014
New York City

Adani Enterprises profit and revenue surged. Hindalco jumped. Jubilant FoodWorks net declined 24% but revenue climbed 19%. JK Cement surged after net and sales soared. SpiceJet net loss widened.

Modi's Historic Win Hearlds Stable Government in India

Bikram Pandey
16 May, 2014
New York City

India voters responded overwhelmingly to the message of infrastructure development, good governance and political change from BJP and its leader Narendara Modi. The first stable government in three decades in India is likely accelerate economic growth and rise of India on the world stage.

Applied Materials, Autodesk, J.C. Penney, Nordstrom Jump; Darden Drops

Mukesh Buch
16 May, 2014
New York City

Abbott agreed to acquire Chile-based CFR Pharma for $2.9 billion. Applied Materials net swung to profit after sales soared 19%. Autodesk net tumbled 49%. Darden agreed to sell its Red Lobster business for $2.1 billion in cash. Nordstrom net fell 3%.

Nikkei in Tokyo Plunges 1.4%

Nichole Harper
16 May, 2014
New York City

Stocks in Tokyo plunged following losses in New York in overnight trading. Dentsu reported annual net increased Alconix annual net sales rose 12%. SMC Corp annual net soared 34%.

Europe Earnings: Bouygue, Centamin, Intertek, Kentz, Moncler

Nigel Thomas
16 May, 2014
New York City

Bouygues net swung to profit

Australian Stocks Drop, Santos Begins LNG Shipment to Japan

Marcus Jacob
16 May, 2014
New York City

Australian stocks struggled and closed at the low of the day. For the week, the ASX 200 gained 0.3%. Santos Limited commenced shipment of liquefied natural gas from its project in Papua New Guinea.

India Movers: Bajaj, Cadila, Gujarat Gas, Karnataka Bank, Mirc, NTPC

Mukesh Buch
16 May, 2014
New York City

Bajaj Hindusthan net swung to a loss. Cadila Healthcare profit dropped 9% but revenue soared 22%. Gujarat Gas net declined 17%. Himatsingka net tumbled 49%. Karnataka Bank net surged 21%. Kalindee Rail net swung to profit. NTPC profit plunged 29%.

Cisco, Soars; Acxiom, CA, Kohl's, Wal-Mart Fall

Mukesh Buch
15 May, 2014
New York City

Advance Auto Parts net dropped 11% after sales plunged 47%. Cisco climbed despite sales and net plunged. CA profit declined 15%. Flowers Foods slipped 6%. Kohl''s net plummeted 15% after sales dropped. Wal-Mart sales rose but net declined 5%.