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Sensex in 5-Day Slump, Essar Nears Restarting Coal Plant in Jharkhand

Mukesh Buch
24 Mar, 2015
New York City

Essar Power finalized a coal mining agreement and plans to restart its 1,200 megawatts power plant in Madhya Pradesh. Crompton Greaves won a contract in Paraguay. Fortune Financial Services secured 68.2% stake in Inga Capital Pvt Ltd.

S&P 500 Struggles After Largest Weekly Rally in Six Weeks

Nichole Harper
23 Mar, 2015
New York City

Market indexes on Wall Street fluctuated after the S&P 500 index logged its largest weekly gain in last six weeks. Crude oil and gold gained. Existing home sales rose 1.2% in February. On merger Monday, Humana agreed to divest its occupational health services provider Concentra for $1 billion.

Humana Divests Concentra for $1 B, Kansas City Declines

Mukesh Buch
23 Mar, 2015
New York City

Airgas lowered its earnings per share forecast. FMSA net and revenues surged. Humana divested its subsidiary Concentra to MJ Acquisition for $1.05 billion and reiterated earnings outlook. Kansas City Southern plunged on lower revenues guidance. Veritiv net loss widened.

ChemChina Buys Controlling Stake in Pirelli, Optimal Payments Soars

Nigel Thomas
23 Mar, 2015
New York City

Immofinanz offered to acquire 29% in CA Immobilien for

Nikkei at New 15-Year High, Eisai Soars 20%

Hiruki Nakamura
23 Mar, 2015
New York City

Stocks in Tokyo advanced and the Nikkei jumped to a new 15-year high. Japan Tobacco estimated lower than expected decline in operating earnings at the 30th annual general meeting since privatization. Eisai jumped 20% after the latest study showed effective treatment for Alzheimer disease.

Aussie Dollar Rebounds, Village Roadshow and CITIC in China Deal

Marcus Jacob
23 Mar, 2015
New York City

Australian market indexes closed lower and the Aussie dollar rebounded as gold and crude oil advanced in active trading. Village Roadshow struck a partnership with CITIC Ltd and develop theme parks in China. Premier Investments first-half net profit jumped 9%.

India Cancels Coal Rights to Jindal, Sesa; India to Trim BHEL Stake

Mukesh Buch
23 Mar, 2015
New York City

Central Government plans to lower its stake in BHEL by 5%. Central Government rejected three coal mining awards to Jindal Steel. MRF plans to invest ₹4,500 crore in Tamil Nadu.

Markets in New York and Europe Rebound, Oil Jumps

Nichole Harper
20 Mar, 2015
New York City

Stocks in New York surged after investors focused on domestic earnings and set aside worries linked to the recent surge in the dollar. Investors in Europe focused on the benefits of the bond buying program as leaders in the euro zone appear to sound positive on bailout conditions for Greece.

Darden, KB Home, Mattress Firm, Nike Jump

Mukesh Buch
20 Mar, 2015
New York City

AK Steel plunged on weak outlook. Cato profit surged 139% on 11% increase in revenues. Darden net climbed 22%. KB Home plunged 26%. Mattress Firm net tumbled 24% but revenues surged 92%. Nike profit surged 16% on 7% increase in revenues.

Lafarge, Holcim Finally in a Deal; Sabadell to Buy TSB for

Nigel Thomas
20 Mar, 2015
New York City

Lafarge and Holcim agreed to a new share-swap for the $44 billion merger. Sabadell agreed to acquire TSB Banking for

Yen Trading Sets Direction for Nikkei in Tokyo, Rakuten Acquires overdrive

Hiruki Nakamura
20 Mar, 2015
New York City

Stocks in Tokyo extended weekly advance and trading in yen set the pace and direction of stock market indexes. Chiyoda and Mitsubishi to partner to build a new airport in Bohol, Philippines. Rakuten, the online retailer agreed to acquire Overdrive, the ebook platform overDrive.

Australian Indexes in Weekly Advance of 2.8%

Marcus Jacob
20 Mar, 2015
New York City

Australian market indexes extended gains and the Aussie dollar traded firm near its six-year low after stocks in the energy and resource sectors rebounded. APN News and Media soared 5% after News Corp said it plans to increase its stake to 15%. Myer Holdings edged lower again.

Sensex Declines 0.7%, Rupee Steady

Mukesh Buch
20 Mar, 2015
New York City

Gayatri Projects secured road project worth ₹137 crore in Chhattisgarh. Mahindra First Choice Wheels Ltd plans to raise $15 million from the U.S.-based Valiant Capital. Wipro secured a five-year contract from U.S.-based utility company.

Stocks Turn Lower After Market Rally Fizzles, Oil Extends Losses

Nichole Harper
19 Mar, 2015
New York City

U.S. market indexes suffered as lawmakers exchanged barbs in how to control budget deficit and rising war spending. Seasonally adjusted weekly jobless claims rose 1,000. Preliminary current account deficit in the fourth-quarter widened to $113.5 billion.

Starbucks to Split Stock, Lennar Net Surges 47%

Mukesh Buch
19 Mar, 2015
New York City

Cintas net climbed 12%. Clarcor profit soared 10% on 12% increase in revenues. Herman Miller net jumped 8% and lifted revenue outlook. Lennar net surged 47%. Starbucks plans for 2-for-1 stock split, sixth since 1992. Tech Data net tumbled 27%. Williams-Sonoma net climbed 10%.

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