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Infosys Net Rises, Tech Mahindra Acquires Swiss-based SOFGEN

Mukesh Buch
09 Jan, 2015
New York City

Infosys soared 5% after the second largest software services provider reported better-than-expected results and offered an improved outlook. ABB won a contract Rs 256 crore in Sri Lanka. NBCC secured an order worth Rs 1,237 crore in Odisha. Tech Mahindra acquire Geneva-based Sofgen Holdings.

Apollo Education Plunges; Global Payments and Constellation Brands Gain

Mukesh Buch
08 Jan, 2015
New York City

Apollo Education net plummeted 66% on 15% decline in revenues. Constellation Brands profit jumped 5%. Family Dollar net tumbled 47%. Global Payments net edged up 1% but revenues soared 10%.

Australian Dollar Gains on 7.5% Surge in Buildings Approvals

Marcus Jacob
08 Jan, 2015
New York City

Australian stocks and dollar traded higher after a surprise increase in buildings approvals. Seasonally adjusted November building approvals surprisingly increased 7.5% after upwardly revised 11.5% in October.

Nikkei Rebounds1.7%; Fast Retailing Net Soares 64%, Honda Fined $70 M

Hiruki Nakamura
08 Jan, 2015
New York City

Stocks in Tokyo followed market advances in Europe and New York. Fast Retailing Co reported 64% jump in earnings on 23% increase in sales led by higher casual-wear sales and weaker yen. Honda Motor Co agreed to pay $70 million to the U.S. transportation regulator.

Santander to Raise

Nigel Thomas
08 Jan, 2015
New York City

Santander plans to raise

Sensex in India Soars 1.4%, Coal India Strike Called Off

Mukesh Buch
08 Jan, 2015
New York City

HDFC Bank plans to raise Rs 10,000 crore or $1.6 billion. Wipro won a $400 million contract from the Swiss-based ABB. Kotak Mahindra closed at a record high after shareholders approved the purchase of ING Vysya Bank.

Greenbrier, Monsanto, Supervalu Rise; MSC, RPM Intl, Schulman Fall

Mukesh Buch
07 Jan, 2015
New York City

Greenbrier net soared and agreed to acquire 19.5% stake in Amsted-Maxion Hortolandia. Monsanto profit tumbled 34% on 7% decline in revenues. MSC Industries net fell 3%. Supervalu profit surged 155%. Schulman net plunged 13%. UniFirst net jumped 9%.

Foreign Investors Look Outside Japan Ahead of Structural Reforms

Hiruki Nakamura
07 Jan, 2015
New York City

Stocks in Japan rebounded after dropping the most in fifteen months and then yen held near 119 to a dollar. Foreign investors are increasingly looking to sell Japanese stocks and Prime Minister Shinzo Abe struggles with structural reforms.

EnBW Divests Wind Farm Stake, Persimmon Revenues Soars

Nigel Thomas
07 Jan, 2015
New York City

Boohoo.com tumbled 40% on weak outlook. EnBW Energie agreed to sell 49.9% stake worth

Australian Stocks Struggle on Energy Sector Weakness

Marcus Jacob
07 Jan, 2015
New York City

Australian market indexes opened higher but at close fell in choppy session with moderate volume. Real estate companies were in favor and investors sold energy related stocks after crude oil extended losses and fell to a new five-year low.

Sensex in India in 2-day Drop, Maruti Suzuki Sales Soar 21%

Mukesh Buch
07 Jan, 2015
New York City

Maruti Suzuki total production climbed 18.2% and total sales soared 20.8%. Praj Ind secured an order to build an ethanol plant in Uganda, Africa.

Stocks on Wall Street in 5-day Slump on Europe Growth Worries

Nichole Harper
06 Jan, 2015
New York City

U.S. market indexes declined more than 1% and S&P 500 index fell for the fifth day in a row. Crude oil declined 4% and gold added 1.2%. European markets remained volatile as political leaders in the region debate the fallout of Greek exit from the euro.

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