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Ashok Leyland Focuses on Debt Reduction, Tiger Trims Just Dial Stake

Mukesh Buch
31 Mar, 2015
New York City

Ashok Leyland sold its loss making subsidiary in Europe. Tiger Global lowered its stake in Just Dial and raised $48 million. Larsen & Toubro received contract for about ₹1,432 crore from the Ministry of Defence. Pidilite agreed to acquire 70% stake in Mumbai-based Nina Waterproofing.

On Merger Monday Market Indexes on Wall Street Surge 1%

Nichole Harper
30 Mar, 2015
New York City

Merger Monday lifted market indexes on Wall Street and the talks of additional stimulus in China also bolstered indexes in Asia. However, in Europe indexes struggled after Greek bailout plan was deemed inadequate by international lenders.

UnitedHealth to Buy Catamaran for $13 B, Intel in Talks with Altera

Mukesh Buch
30 Mar, 2015
New York City

AAR net net swung to a loss. Cal-Maine profit surged. Intel is in talks to acquire Altera for about $10 billion. Horizon Pharma agreed to acquire Hyperion Therapeutics for $1.1 billion. UnitedHealth agreed to acquire Catamaran for about $12.8 billion.

Nikkei in Japan Advances, Fujifilm Offered to Buy Cellular Dynamics

Hiruki Nakamura
30 Mar, 2015
New York City

Stocks in Japan jumped and the traded near 120 level against the dollar. Industrial production declined in February by 3.4%. Fujifilm Holdings offered to acquire the U.S. based Cellular Dynamics for $307 million in cash.

Dufry in

Nigel Thomas
30 Mar, 2015
New York City

Dufry agreed to acquire majority stake in the rival World Duty Free for

Ion Ore Price at 6-Year Low, Australian Indexes Extend Losses

Marcus Jacob
30 Mar, 2015
New York City

Australian market indexes extended losses of last week as iron ore price hit six-year low and gold and oil prices headed lower. PanAust received a substantially lowered offer from a China based investor.

Sensex in India Soars 1.9%, Rupee Weakens

Marcus Jacob
30 Mar, 2015
New York City

Sensex in Mumbai soars 1.9% and banks led the gainers. Rupee eased and oil price declined. BHEL received contract worth ₹5,000 crore in Telangana. NMDC commissioned its new iron ore project with an estimated investment of ₹600 crore in Chhattisgarh.

U.S. Economic Slowdown to Extend, Weekly Loss of 2.3% in S&P 500

Nichole Harper
27 Mar, 2015
New York City

Stocks on Wall Street struggled and S&P 500 index is set to close down 2.3% and the Nasdaq by 2.9% for the week. Economic growth in the fourth-quarter was held at 2.2% in the final estimate and for all of 2014 the U.S. economy slowed to a growth of 2.2% from 2.4% in 2013.

BlackBerry Net Swings to Profit; Finish Line, GameStop Drop

Mukesh Buch
27 Mar, 2015
New York City

BlackBerry net swung to profit but revenues declined 32%. Finish Line profit declined 5% while revenues climbed 6%. GameStop profit surged 11% but sales dropped 6%. Restoration Hardware net climbed 60% on 24% increase in revenues.

RBS to Sell Private Banking Unit to Union Bancaire, European Markets Ease

Nigel Thomas
27 Mar, 2015
New York City

Antofagasta fell after suspended operations at three Chilean mines due to heavy rains. BHF Kleinwort Benson net swung to profit of

Japan Struggles with Flat Core Consumer Prices

Hiruki Nakamura
27 Mar, 2015
New York City

Nikkei index declined and extended losses for the week to 1.4% after the latest inflation data fell short of expectations. The weak fuel prices dragged the overall inflation below the Bank of Japan target.

Spectrum Auction in India Yields $16.5 B, Weekly Loss of 2.8% in Sensex

Mukesh Buch
27 Mar, 2015
New York City

Three leading wireless carriers Bharti Airtel, Idea Cellular and Vodafone and Tata Teleservices, Reliance Infocom and Reliance Jio committed nearly ₹109,000 crore or $16.5 billion in the largest wireless spectrum auction.

Oil Rally Lifts Australian Indexes, Chevron Exits Caltex After 40 Years

Marcus Jacob
27 Mar, 2015
New York City

Australian markets braved higher on the back of a sixth day rally in oil prices and gold extended seven day advance to 5%. Chevron agreed to sell its 50% stake in Caltex after 40 years as the U.S.-based oil explorer retrenches from refining businesses.

U.S. Stocks Struggle with Weekly Losses, Oil in 5-Day Rally

Nichole Harper
26 Mar, 2015
New York City

A mild rebound in tech stocks failed to lift the broader indexes and oil rally extended to fifth session in a row. S&P 500 index is down more than 2% in the week so far and the Nasdaq is down 3%, the largest weekly loss since October.

Accenture, Lululemon, Red Hat, Signet Surge; SanDisk Tumbles

Mukesh Buch
26 Mar, 2015
New York City

Accenture Net climbed 9%. ConAgra net swung to a loss but lifted earnings forecast. Lululemon surged 7% on positive outlook. PVH net swung to profit. Red Hat net jumped 6% on 15% increase in revenues. Signet Jewelers net rose 1%. SanDisk tumbled 17%.

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