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Calavo Growers, Lands' End, Palo Alto Climb; Krispy Kreme Falls

Mukesh Buch
10 Sep, 2014
New York City

Calavo Growers net surged after revenue climbed 12%. DHT agreed to acquire Singapore-based Samco for $317 million. Krispy Kreme net jumped 23%. Lands'' End profit jumped 5% after comparable sales rose 3%. Palo Alto net loss widened. Vera Bradley Net tumbled.

Sports Direct Profit Soared 12%, Kingfisher Net Dropped 37%

Nigel Thomas
10 Sep, 2014
New York City

Barratt Developments profit soared three-fold to

Lanco Infra Sell Plants for $830 M, Biocon Repurchases 7.7% Stake

Mukesh Buch
10 Sep, 2014
New York City

Biocon repurchased its 7.7% stake from a unit of GE Capital for $36 million. ICICI Bank board approved a stock split of 5-for-1. Lanco Infratech sold power plants to raise $829 million. SAIL dropped after government plans to offload 5% stake.

ABB India Announces $4 B for Share Buy Back

Mukesh Buch
09 Sep, 2014
New York City

ABB announced a $4 billion share buyback program from September 16. Apollo Tyres plans to set up a new plant in Hungary worth for $600 million. Cipla signed commercial collaboration with UK-based S&D Pharma. Jyoti won a contract worth Rs 423 crore.

Yen at 6-year Low Against Dollar

Hiruki Nakamura
09 Sep, 2014
New York City

Stocks in Tokyo closed higher and the yen dropped to a six-year low against the dollar as geopolitical tensions rose. The U.K. pound declined 1% after the latest poll showed a narrow lead for Scotland to separate from U.K.

Resource Stocks Lead Ausralian Rebound, Flat Home Loans in July

Marcus Jacob
09 Sep, 2014
New York City

Stocks in Australia gained after a slight rebound in resource stocks and the Aussie dollar edged lower. New home loans values issued in July were flat at $17 billion.

General Mills Buys Annies, Barnes & Noble Sales Fall 7%

Mukesh Buch
09 Sep, 2014
New York City

General Mills agreed to acquire Annies for $820 million. American Airlines said revenue passenger miles was flat in August. Burlington Stores and Barnes & Noble net loss narrowed. J C Penney issued debentures for $350 million. Korn Ferry net surged 27%.

Kensington Agreed to

Nigel Thomas
09 Sep, 2014
New York City

Balfour Beatty secured contract worth

U.S. Indexes Ease Despite Merger News, Brent Crude at 3-year Low

Nichole Harper
08 Sep, 2014
New York City

U.S. stocks struggled after merger news dominated trading sentiment. GE agreed to sell its appliance division for $3.3 billion. Crude oil declined to after China reported widening trade surplus in August but falling imports. The U.K. pound weakened on the worries that Scotland may leave the union.

Global Cash Access to Acquire Multimedia Games for $1.2 B

Mukesh Buch
08 Sep, 2014
New York City

Boeing won order to supply 200 planes from Ryanair. Campbell Soup swung to profit on 8% increase in net sales. GE sold its appliances business to Sweden-based Electrolux for $3.3 billion. Global Cash Access plans to acquire Multimedia Games for $1.2 billion.

Deeper than Expected Japan's Q2 GDP Decline, Wowow Surges 7%

Hiruki Nakamura
08 Sep, 2014
New York City

Market indexes in Japan closed higher after June quarter GDP decline was worse than previously estimated. Current account surplus in July declined 30.6% on higher than expected trade deficit. Wowow Inc, satellite TV service provider soared 7%.

Electrolux in $3.3 B deal with GE, Ryanair Orders 200 Boeing Planes

Nigel Thomas
08 Sep, 2014
New York City

Auriga sells Cheminova unit to FMC Corp for 10.5 billion kronor. Electrolux agreed to acquire appliances business of GE for $3 billion. L''Oreal to buy Brazil based hair care company for

Australian Indexes at 3-week Low, ALH and Charter in $600 M Deal

Marcus Jacob
08 Sep, 2014
New York City

Australian indexes closed lower after China

Bharti Airtel Divest Telecom Towers in Africa, Punj Lloyd Soars 10%

Mukesh Buch
08 Sep, 2014
New York City

Bharti Airtel divested more than 3,500 telecom towers in Africa. Cipla plans to acquire two manufacturing units from Japan for Rs 100.93 crore. L&T won new orders worth Rs 1,920 crore from domestic oil and gas companies.

Carl Icahn Sold Family Dollar Stake, Verint Swings to Loss

Mukesh Buch
05 Sep, 2014
New York City

Aceto net rose 3%. Cooper profit fell 1% but revenue jumped 5%. Esterline net grew 2%. Family Dollar rejected higher takeover bid and Carl Icahn sold entire stake worth $200 million in the retailer. Hurco profit surged four-fold. Verint net swung to a loss. Zumiez profit climbed 57%.

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