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Forest offers $1.5 B for Furiex, Energy Transfer in $1.8 B Deal

Mukesh Buch
28 Apr, 2014
New York City

CNA Financial net plunged 95%. Ecolab net and sales climbed. Energy Transfer plans to acquire Susser for $1.8 billion. Forest Lab intends to acquire Furiex Pharma for up to $1.46 billion in cash and stock. Franklin Resources net fell 2%. Loews net tumbled 76%. Roper net climbed.

Europe Movers: AstraZeneca, Bayer, Holcim, Meda

Nigel Thomas
28 Apr, 2014
New York City

AstraZeneca surged and rejected revised takeover approach from Pfizer. Bayer net surged 23% to

Pfizer Pursues Astra Zeneca, GE and Siemens Put Alstom in Play

Nichole Harper
28 Apr, 2014
New York City

U.S. stocks eased after tensions between Russia and West remained high and violence perked up in the eastern region of Ukraine. Oil futures traded at a seven-week high. Merger talks lifted indexes in Europe after Pfizer offered a revised bid for Astra Zeneca. GE and Siemens to pursue Alstom SA.

Nikkei in Tokyo Eases 0.9%, Japan Exchange Net Soars

Hiruki Nakamura
28 Apr, 2014
New York City

Stocks in Tokyo closed lower in choppy session and investors focused on domestic corporate earnings. Japan Exchange Group said fiscal year sales soared62% and net nearly tripled. Japan Display estimated lower than expected fiscal year income. Panasonic Corp annual net swung to profit.

Australian Stocks Pare Gains, Goodman Fielder Rejects Wilmar Offer

Marcus Jacob
28 Apr, 2014
New York City

Australian indexes reacted to market volatility in the absence of economic news and deal talks lifted Goodman Fielder 15%. The company rejected overtures from Wilmar International. Transurban reached an agreement with the Victoria government for $850 million road upgrade.

India Movers: Godrej, IDFC, HUL, Siemens, Symphony, Wockhardt, UPL

Mukesh Buch
28 Apr, 2014
New York City

Godrej Consumer net plunged 29% but revenue soared. IDFC profit plummeted 51%. Hindustan Unilever net jumped 11% after sales climbed 10%. Siemens net surged 195% and revenue dropped 9%. Symphony profit soared 50% and sales climbed. UPL net jumped 17%.

Kejariwal Struggles with AAP and Credibility Gap

Arjun Dave
27 Apr, 2014
New York City

The latest Lok Sabha election debate in India has centered on infrastructure development and corruption in the central government. Arvind Kejriwal, leader of the AAP, has attention of urban voters. AAP is driven by good ideals but his young party lacks organization to translate this to results.

Congress Lacks Resolve to Implement Growth Policies in India

Arjun Dave
26 Apr, 2014
New York City

Congress Party has governed India for more than fifty years and regained the control of the government for the last ten. India is the largest democracy in the world and also has chronic poverty that is largely rooted in poor policy choices and poorer implmentation.

Modi Captivates Youth and Business Community in India

Arjun Dave
25 Apr, 2014
New York City

Narendra Modi, the self-made man''s rise from a tea-stall operator to the highest office in Gujarat, has captivate media and business community. Modi offers lot of hope to young voters and businesses who are tired of old political talk and Modi is the first politician to put economic progress first.

Microsoft Cautiously Optimistic; Amazon, Ford, Visa Fall

Manish Shah
25 Apr, 2014
New York City

American Electric Power net surged 54%. Amazon net climbed 32% and sales soared 23%. Colgate-Palmolive net plunged 16%. Ford net tumbled 39%. Microsoft net declined 32%. Starbucks net and sales climbed 9%. Visa profit soared 26%.

Europe Earnings: Deutsche Bank, Electrolux, KPN, Sandvik, WPP

Nigel Thomas
25 Apr, 2014
New York City

Deutsche Bank plans to sell its shares of about

U.S. Stocks Drift Lower on Weak Earnings from Amazon, Visa and Ford

Nichole Harper
25 Apr, 2014
New York City

Stocks on Wall Street opened lower after Amazon, Ford and Visa reported weak quarterly results overshadowing better than expected sales from Microsoft. U.S. consumer sentiment rose to a nine-month high.

Honda and Komatsu Net Rise, NTT DoCoMo to Buyback $4.9 B Shares

Hiruki Nakamura
25 Apr, 2014
New York City

Honda Motor reported fiscal sales increased 20% and net surged 56%. Komatsu said fiscal year net increased 26% on 3.6% rise in sales. NTT DoCoMo plans to buy back $4.9 billion of its shares and sell its stake in India based venture with Tata.

India Movers: Axis Bank, ACC, Ambuja, Bharti Infratel, ICICI, Maruti

Mukesh Buch
25 Apr, 2014
New York City

Axis Bank announced a stock split of 5-to-1. ACC profit fell 9%. Ambuja Cements net jumped 7%. Bharti Infratel net soared 64%. Cera Sanitaryware profit surged 39%. Exide profit dropped 10%. ICICI Bank net jumped 15%. Maruti Suzuki net plunged 35%.

Apple, Caterpillar, Facebook Jump; 3M, Celgene, Verizon Drop

Mukesh Buch
24 Apr, 2014
New York City

3M net jumped 7%. Apple profit climbed 12% after iPhone sales surged in China. Caterpillar net jumped 5%. Celgene profit declined 27%. Eli Lilly net tumbled 53% and revenue plunged 16%. Facebook net surged 193% after advertising revenue soared 82%. GM net plunged 89%.

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