ticker

GE in $23 B Deal with Blackstone and Wells Fargo, Excel Trust Surges 14%

Mukesh Buch
10 Apr, 2015
New York City

Constellation Brands net surged 37%. Excel Trust surged after it agreed to be acquired by Blackstone Property Partners for $15.85 per share. Fidelity National Information Services plunged on weak outlook. GE plans to divest real estate portfolio to Blackstone Group and Wells Fargo for $23 billion.

Asian-wide Rally Lifts indexes in Japan and in Hong Kong

Hiruki Nakamura
10 Apr, 2015
New York City

Market indexes in Japan participated in Asia-wide rally as global investors shift attention away from the U.S. The popular Nikkei 225 Average briefly traded above 20,000 and the index in the week jumped 2.4%. Daiken Corp said net income in the year declined 9%.

Europe Movers: Carrefour, Suedzucker, Vedanta

Nigel Thomas
10 Apr, 2015
New York City

Carrefour said first-quarter sales soared 6% to

Industrial Output in India Accelerates to 5%

Mukesh Buch
10 Apr, 2015
New York City

Industrial production in February accelerates to the fastest pace in nine months. Foreign investors continued to lift exposure to stocks and favoured three rating agencies. IndusInd Bank agreed to acquire diamond & jewellery financing business worth $712 million from Scotland-based Royal Bank.

Australian Indexes Extend Weekly Gain, Bradken Rejects Takeover Offer

Marcus Jacob
10 Apr, 2015
New York City

Australian market indexes extended weekly gains and Aussie dollar closed unchanged. Seasonally adjusted home loans approvals in February increased 1.2% from the previous month. Bradken rejected the latest takeover proposal.

Sharp Jump in European Markets Lift Indexes in U.S.

Nichole Harper
09 Apr, 2015
New York City

Market indexes on Wall Street struggled to advance and crude oil gained and weekly jobless claims rose less than expected. European markets advanced after German industrial production rose. Bank of England left its key lending rate on hold.

Apogee, Mylan, Walgreens Climb; Alcoa, Bed Bath, Buckle, Costco Drop

Mukesh Buch
09 Apr, 2015
New York City

Alcoa net swung to profit. Apache sell its Australian unit for $2.1 billion. Apogee net surged 73%. Bed Bath & Beyond profit dropped 4%. Buckle March comparable sales slid 0.5%. Costco sales in March fell 2%. Cato same-store sales soared 12%. Walgreens Boots Alliance net surged.

Mylan Offers $28.9 B to Perrigo, German Industrial Production Rises

Nigel Thomas
09 Apr, 2015
New York City

The increase in German industrial production offered the latest evidence of the growing momentum in the largest economy in the euro zone. Bank of England as expected held its reference interest rate. Mylan offered to buy generic drug maker Perrigo for $28.9 billion.

Nikkei Extended 15-Year High Advance on Foreign Buying

Hiruki Nakamura
09 Apr, 2015
New York City

Nikkei 225 index in Japan extended the latest advance and closed at a new 15-year high. Weak commodities and yen, supported the gain in indexes. Aeon Mall said revenue in the fiscal year increased 15%. J. Front reported flat sales but earnings tumbled 37%.

Oil and Gold Weakness Drag Stocks in Sydney; AGL in Deal with BHP, ESSO

Marcus Jacob
09 Apr, 2015
New York City

Weakening commodities prices in Australia and international markets dragged stock market indexes in Sydney. Construction industry sector index rebounded in March to show an expansion. AGL Energy agreed to gas delivery deal with BHP and Esso Australia for three years.

Momentum in Corporate Financing Lifts Market Outlook in India

Mukesh Buch
09 Apr, 2015
New York City

Wireless telecom stocks declined after the regulatory agency lowered the upper limit on the roaming charges. Reliance Industries extended 2-day rally to 7% after the company is said to have discovered new natural gas field at its KG D6 basin. Vertex plans to increase its stake in GVK Power to 15.24%

U.S. Stocks Lack Direction, More Debate at Fed Before First Rate Hike

Nichole Harper
08 Apr, 2015
New York City

U.S. stocks lacked direction and crude oil plunged more than 6% to $50 a barrel. The Fed minutes showed that several rate committee members were inclined to wait for the momentum in inflation and wage growths before lifting rates as early as June.

Global Payments, Rite Aid Climb

Mukesh Buch
08 Apr, 2015
New York City

Global Payments net soared 14% on 8% increase in revenues. MSC Industrial net jumped 4%. Rite Aid net surged after reduction of deferred tax asset valuation. RPM Intl net swung to a loss but revenues climbed 10%. Team net swung to profit.

Shell in

Nigel Thomas
08 Apr, 2015
New York City

easyJet said passenger traffic in March climbed 7.5% to 5.49 million. Royal Dutch Shell agreed to acquire BG Group for

Nikkei at 15-Year High, BoJ Keeps Monetary Expansion Unchanged

Hiruki Nakamura
08 Apr, 2015
New York City

Nikkei in Tokyo soared to a new 15-year high as Bank of Japan kept its monetary expansion plan unchanged and retail investors supported new buying in the market. Current account surplus widened in February after the trade deficit in the month narrowed. Takashimaya Company met earnings expectations.

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