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Alico, G-III Apparel, Leidos Soar; Walgreen November Sales Jump

Mukesh Buch
03 Dec, 2014
New York City

Abercrombie & Fitch net swung to profit but sales declined. Alico agreed to acquire Florida-based three citrus producers for about $363 million. G-III Apparel net climbed 35%. Leidos net swung to profit. OmniVision net jumped 7%. Walgreen November sales climbed 5%.

Australian September Quarter GDP Expands 0.3%

Marcus Jacob
03 Dec, 2014
New York City

Australian market indexes rebounded from the early weakness and closed 0.8% higher despite the weakness in resource prices and in the economic growth. September quarter GDP growth was less than expected 0.3%. Aussie dollar edged down.

Just Eat Founders Sold 8.7% Stake, Sage Group Profit Surges

Nigel Thomas
03 Dec, 2014
New York City

Deutsche Bank and retail property group ECE agreed to acquire PalaisQuartier for about

Tata Motors to Set Up Brazil Unit with $290 M Investment

Mukesh Buch
03 Dec, 2014
New York City

JSW Energy acquire two power projects worth Rs 9,700 crore from JP Power. Tata Motors to set up new unit an automotive unit in Brazil with $290 million investment. Supreme Court allowed to sell four properties worth Rs 2,700 crore of Sahara group.

Weakness in Oil and Gold Tempers U.S. and Europe Stock Indexes

Nichole Harper
02 Dec, 2014
New York City

Stocks on Wall Street trended higher in volatile trading and gold, silver, copper and oil fell more than 1%. U.S. construction spending increased 1.1% in October after slipping 0.1% in September. Fiat Chrysler led November auto sales with 20% surge.

Fiat Chrysler, GM, Toyota Sales Jump; Ford Sales Drop

Mukesh Buch
02 Dec, 2014
New York City

Ford November sales fell 2% despite Escape, Explorer and Mustang posted record sales. Fiat Chrysler climbed 20% and GM sales climbed 6% and the largest automaker said recall-related charges added to $2.7 billion. Johnson Controls lowered fiscal outlook.

Otsuka Acquired Avanir Pharma for $5.3 B, Nikkei in Japan Gains 0.4%

Hiruki Nakamura
02 Dec, 2014
New York City

Stocks in Tokyo gained and market indexes closed at six-year new highs. Fast Retailing said November same-store sales increased 1.9% and total sales surged 4.1% from a year ago. Otsuka Holdings agreed to acquire Avanir Pharma for about $5.3 billion or $17 a share.

Rates on Hold Australia, RBA Says Dollar Overvalued

Marcus Jacob
02 Dec, 2014
New York City

The Reserve Bank of Australia left its benchmark rate unchanged at 2.5% and reiterated that the Aussie dollar is above its fundamental level. Current account deficit narrowed to $12.5 billion in the third-quarter. Seasonally adjusted new buildings approvals increased 11.4% in October.

Aviva Acquires Friends Life for

Nigel Thomas
02 Dec, 2014
New York City

Aryzta group revenue soared 14% to

India Rejects Malaya Reappointment at Kingfisher, Hero Sales Rise

Mukesh Buch
02 Dec, 2014
New York City

Bajaj Auto November sales slid 0.4%. Hero MotoCorp sales rose 3%. NBCC secured an order of Rs 1,850 crore in Arunachal Pradesh. Tata Motors total sales increased 2%.

Weak U.S. Holiday Sales, Oil Plunge Wreaks Havoc in Russia, Mid-East Markets

Nichole Harper
01 Dec, 2014
New York City

The plunge in crude oil price travelled around the global financial markets as the decline in oil price continued and wreaked havoc in financial asset prices of oil producing nations. U.S. holiday shopping over the weekend was sharply lower than a year ago.

Avolon Launches $1.86 B IPO, Cott to Issues $615 M Convertible Bonds

Mukesh Buch
01 Dec, 2014
New York City

Avolon plans to launch $1.86 billion through an initial public offering. Cott plans to raise $615 million through a convertible bonds due in 2019. Fifth Street Finance net jumped 9%. Tandy Leather plunged on lowered fiscal outlook. Tetra Tech secured contract worth $216 million.

Yen Dropped to 7-year Low, Moody's Cuts Japan Credit Rating

Hiruki Nakamura
01 Dec, 2014
New York City

Indexes in Japan extended gains and the Topix index increased to a new six-year high and airlines surged after oil price dropped to a new four-year low. Moody

Australian Indexes Plunge 1.9% on Weak Oil and Gold

Marcus Jacob
01 Dec, 2014
New York City

Australian indexes plunged 1.9% and the Aussie dollar eased after crude oil prices dropped sharply following 7% plunge in New York. Resource stocks also dropped after gold dropped 3% and crude oil futures tumbled nearly 10%. Metcash plunged 16% and the wholesaler reaffirmed its restructuring plan.

Altice in Deal with Brazil Based Oi, Deal Overture for Balfour Beatty

Nigel Thomas
01 Dec, 2014
New York City

Altice agreed to acquire Portugal Telecom SGPS S.A. from Brazilian wireless carrier Oi S.A. for

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