ticker

KKR and Clayton in $7.5 B Deal with PetSmart

Mukesh Buch
19 Nov, 2014
New York City

PetSmart net flat and KKR and Clayton plans to bid for $7.5 billion. Smucker net jumped 3% but revenues dropped 5%. Lowe''s profit surged 17%. La-Z-Boy net climbed 17%. Staples profit soared 60% and sales fell 3%. Stage Stores net loss narrowed. Target net jumped 3%.

Royal Mail Net Tumbles 90%, Intertek Plunges on Weak Outlook

Nigel Thomas
19 Nov, 2014
New York City

Arkema launched a rights issue to rise

HCL Tech Net Soars 32%, Gammon Infra Net Swings to Profit

Mukesh Buch
19 Nov, 2014
New York City

GAIL signed gas-supply agreement with U.S.-based Cheniere Energy. Gammon Infra quarterly net swung to profit. HCL Tech net soared 32%. Info Edge plans to invest Rs 185 crore in Zomato Media. Power Grid approved two projects worth Rs 1,000 crore.

Indexes on Wall Street Reach New Highs

Nichole Harper
18 Nov, 2014
New York City

Tollbooth Index jumped to record high after a broad rally in market was led by healthcare stocks. S&P 500 and Dow Jones closed at records as well. Crude oil fell 1.4% and gold gained 1.2%. Retailers were in focus after Home Depot reported better-than-expected earnings.

Japan Dissolves Parliament, Volatile Nikkei Surges 2%

Hiruki Nakamura
18 Nov, 2014
New York City

Market indexes in Japan jumped more than 2% after Prime Minster Shinzo Abe dissolved parliament. The yen dropped 0.9% against the dollar and the euro. GS Yuasa announced a new version of battery technology. Nichias Corp reported a surge in first-half earnings.

Australian Indexes Track Lower Commodities

Marcus Jacob
18 Nov, 2014
New York City

Australian market indexes traded lower tracking lower commodities prices. Qantas Air agreed to a joint venture with China Eastern Airline.

Dicks Sporting, Home Depot Sales Rise, TJX Lifts Outlook

Mukesh Buch
18 Nov, 2014
New York City

Agilent net plunged 92% but revenues jumped 5%. Dicks Sporting fell 2% while sales rose 9%. Home Depot profit climbed. Medtronic net declined 8%. TJX net dropped 4% and lifted fiscal earnings guidance. Sunedison would acquire TerraForm Power for $2.4 billion.

easyJet Net Soars, AstraZeneca Offered Positive Outlook

Nigel Thomas
18 Nov, 2014
New York City

Altice net loss widened and Carlyle and Cinven sold their stakes. AstraZeneca rose on long term outlook. easyJet profit soared 13% to

FTIL in India Sells Mauritius Exchange, Tata Power Issues Debentures

Mukesh Buch
18 Nov, 2014
New York City

FTIL agreed to sell Mauritius-based exchange for $40.5 million. Punj Lloyd secured highway contract for Rs 666 crore. RJio signed for $1.5 billion syndicated term loan. Sesa Sterlite expand copper smelter plant worth Rs 2,500 crore. Tata Power rise Rs 1,500 crore via non-convertible debentures.

Deals for Allergan and Baker Hughes Dominated Monday Trading

Nichole Harper
17 Nov, 2014
New York City

Stocks on Wall Street lacked direction and two large deals dominated news. Baker Hughes agreed to a merger proposal from Halliburton Co for $34.6 billion and Allergan In accepted $66 billion offer from Actavis Plc. Japan entered a technical recession after the second quarter growth faltered.

Japan Q3 GDP Shrank 1.6%, Nikkei Plunges 2.9%

Hiruki Nakamura
17 Nov, 2014
New York City

Nikkei index in Japan dropped 2.9% after the economy shrank in the latest quarter. GDP in the September shrank 1.6% in the third-quarter ending in September following revised 7.3% decrease I the second-quarter.

Australian Vehicle Sales Ease, Stocks Fall

Marcus Jacob
17 Nov, 2014
New York City

Australian market indexes traded lower despite the increase in iron ore and gold prices. Seasonally adjusted vehicle sales in October declined. Elders Ltd said annual net swung to profit. Pacific Brands is in talks to sell its brand collection division.

Actavis Nears Allergan Buyout, Halliburton Turns Hostile to Baker Hughes

Mukesh Buch
17 Nov, 2014
New York City

Actavis agreed to a deal to acquire Allergan and may offer between $215 and $220 per share. Celldex surged 28% on brain cancer Phase 2 study. Exterran plans to spin-off its international and fabrication businesses. JD.Com net swung to a loss. Tyson Foods net tumbled 47%.

Sonova Net Jumps; Mitie Net Swings to Loss

Nigel Thomas
17 Nov, 2014
New York City

Hennes & Mauritz October sales soared 14%. Keller plunged despite positive outlook. Mitie Group net swung to a loss to

GMR Infra Loss Widens; Tata Motors, Videocon Net Decline

Mukesh Buch
17 Nov, 2014
New York City

BEML and GMR Infra quarterly loss widened. Bhushan Steel net swung to loss but revenues soared 30%. Fertilisers and Chemicals Travancore loss narrowed. JSW Energy acquired two hydropower projects from Jaiprakash Power. RCapital profit rose 20%. Tata Motors net fell 7%.

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