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Wall Street in Holding Pattern Ahead of Fed Statement

Nichole Harper
17 Jun, 2015
New York City

U.S. stocks were in holding pattern ahead of rate decision this afternoon from the Fed. Fed fund rates, bank rates for other banks, reached a two-year high of 0.14% average. California State

Trade Deficit in Japan Plunges, Toyota Shareholders Approve $4 B Offering

Hiruki Nakamura
17 Jun, 2015
New York City

Nikkei average in Tokyo increased and the yen held firm ahead of the U.S. Fed

Adobe, La-Z-Boy Net Soar; FedEx Net Swings to Loss

Mukesh Buch
17 Jun, 2015
New York City

Allergan agreed to acquire Kythera Biopha for $2.1 billion. Actuant net tumbled 25% on 15% decline in revenues. Adobe net soared 67%. Bob Evans net plunged 57%. FedEx net swung to a loss. La-Z-Boy net soared 66%.

Berkeley, Betfair, Remy Cointreau Profit Surge; Keysight to Buy Anite

Nigel Thomas
17 Jun, 2015
New York City

Berkeley profit surged 45% on 31% increase in revenues. Betfair net jumped 69% to

Australian Indexes Gain, Woolworths CEO Retires

Marcus Jacob
17 Jun, 2015
New York City

Australian market indexes opened higher following strong lead from international markets and ahead of the U.S. Fed rate decision later today. Woolworths Limited said chief executive Grant O

Sensex in India Jumps; Adani, Essar in Talks to Merge Power Transmission

Mukesh Buch
17 Jun, 2015
New York City

Central government is expected to hike import duty on steel products. Essar Power Transmission is in merger talks with Adani. TCS and IBM are in a race to win Sweden-based AB Volvo''s IT outsourcing contract worth about $500 million.

Ahead of Fed Decision Wall Street Positive on Deals, Coty Soars 17%

Nichole Harper
16 Jun, 2015
New York City

Market indexes on Wall Street advanced ahead of Fed statement tomorrow and rising merger activities. Coty Inc soared 18% after the company acquired beauty business portfolio from Procter & Gamble. Housing starts plunged but permits soared 11%.

Cox in $4 B Deal with Dealertrack, Boeing in Plane Deals in Paris Show

Mukesh Buch
16 Jun, 2015
New York City

Boeing sold 100 737 MAX 8 passenger jets worth $10.7 billion at a list price to AerCap. Berkshire Hathaway agreed to acquire 3.7% stake in Insurance Australia Group. Cox Automotive agreed to buy Dealertrack for $4 billion. FactSet net soared 19%.

Weak Euro Drives Stocks Higher, Alstria to Buy Rival DO Deutsche

Nigel Thomas
16 Jun, 2015
New York City

Kier secured contracts worth

Nikkei in Tokyo Slipped 0.6% in Defensive Trading

Hiruki Nakamura
16 Jun, 2015
New York City

Stocks in Tokyo closed down and the yen held near its recent lows in cautious trading. Sentiment weakened for the second day after talks between Greece and European lenders collapsed. Kao Corp, the cosmetic maker said first-half sales operating profit increased 3%.

Trade Deficit in India Narrows, Essar to Sell Stake to Rosneft

Mukesh Buch
16 Jun, 2015
New York City

Imports declined more than exports in May month in India. BPCL said the central government plans to sell 3% stake in the company. Essar Oil plans to sell majority stake to Russia-based OAO Rosneft. RComm plans to acquire Russia-based Sistema''''s Indian mobile phone unit.

Berkshire Acquires 3.7% in Australia Based IAG, Westpac to Lower Stake in BT

Marcus Jacob
16 Jun, 2015
New York City

In weak trading, ASX 200 index closed unchanged and Warren Buffett controlled Berkshire Hathaway agreed to acquire 3.7% stake in Insurance Australia Group. Motor vehicles sales in May declined 1.3%.

S&P 500 and European Markets Ease as Greek Negotiations Collapse

Nichole Harper
15 Jun, 2015
New York City

Market indexes around the world were under pressure and the euro declined after talks between European lenders and Greece collapsed. Bond yields on 2-year Greek jumped to 29% and 10-year bond yield jumped to 12.4%. The euro fell 0.2%.

CVS Acquires Pharmacy Business of Target, Homebuilders Agrees to Merge

Mukesh Buch
15 Jun, 2015
New York City

CVS Health agreed to acquire the in-store pharmacy from Target for $1.9 billion. Comverse net loss widened and agreed to buy U.K.-based Acision. Masonite received binding offer from France-based Perceva. United Technologies plans to sell or split its Sikorsky helicopters business.

Metro in

Nigel Thomas
15 Jun, 2015
New York City

Metro agreed to sell its department store chain to Canada-based Hudson''s Bay for

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