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India Movers: Elecon Eng, JP Associates, Kinetic, Tata Power, Vesuvius

Mukesh Buch
25 Feb, 2014
New York City

Elecon Engineering secured an order from NTPC. JP Associates plans to reduce the debt and sell stakes in Bhilai Cement and Bokaro Steel. Kinetic sold its entire stake in Mahindra Two Wheelers. Tata Power to look for additional capital at a board meeting on Feb 27.

Deals Lift U.S. Indexes to New Highs, RF Micro Offers $1.6 B for TriQuint

Nichole Harper
24 Feb, 2014
New York City

Stocks on Wall Street gained and the S&P 500 index traded at a new intra-day high. Netflix agreed to pay for faster video streaming to Comcast paving the way for other carriers to charge. RF Micro Devices agreed to acquire TriQuint Semi for $1.6 billion.

Netflix to Pay for Streaming to Comcast; RF Micro Acquires TriQuint

Mukesh Buch
24 Feb, 2014
New York City

Dillard''s quarterly net declined 26% and sales fell 3%. El Paso net tumbled 75% GT Advanced Tech net loss narrowed. Netflix agreed to pay for network access to Comcast. Palo Alto loss widened. RF Micro Devices agreed to acquire TriQuint for $1.6 billion.

Broad Decline in Tokyo Indexes, Zeria Pharma Slumps 7%

Hiruki Nakamura
24 Feb, 2014
New York City

Stocks in Tokyo closed lower following general weakness in Asian markets. The yen gained and insurers and developers led the decliners in trading. Zeria Pharmaceutical dropped 7% after the company plans to raise as much as 18.7 billion yen in a public offering.

Europe Earnings: HSBC Net Soars, Bunzl Net Rises 7%

Nigel Thomas
24 Feb, 2014
New York City

Bunzl net climbed 7% to

China Housing Weakness Drags Australian Stocks, Transfield Soars 25%

Marcus Jacob
24 Feb, 2014
New York City

Australian market indexes turned lower in the afternoon trading to close flat after China added more restriction on housing market lending. Transfield Services soared 25% after the company won $1.2 billion contract to build an immigration processing center on Nauru and Manus Islands.

India Movers: CARE, DCM Shriram, ICRA, Pfizer, SKF India

Mukesh Buch
24 Feb, 2014
New York City

Anik Industries net jumped 9%. CARE declined after stakeholders rejected the sale bids. DCM Shriram board approves a stock buyback plan. ICRA surged after Moody''s offered to increase its stake to 55%. Pfizer climbed on restructuring plan. SKF India net surged 50%.

Nikkei Extends Weekly Gain to 3.9%, Osaka to Sell Rail Road to Nankai

Hiruki Nakamura
21 Feb, 2014
New York City

Stocks in Tokyo gained and for the week the indexes gained the best in the last three months. G20 finance ministers are scheduled for a weekend meeting and discuss the impact of U.S. Fed tapering plan on emerging markets currencies.

Agrium, DISH, Priceline.com Rise; Donaldson, Echostar, HP Fall

Mukesh Buch
21 Feb, 2014
New York City

Agrium net tumbled 72%. DISH net climbed 38% and revenue jumped 7%. Donaldson profit soared 15%. Ecolab net surged 24%. HP net soared 16%. Priceline.com profit surged 31%.

Australian Indexes Near 6-Year High

Marcus Jacob
21 Feb, 2014
New York City

Australian market indexes reached a six-year intra-day high in active trading worth $5 billion. Aussie dollar was the focus as banks estimate a sharp decline in the currency. Billabong reported a smaller loss. Crown Resorts said its Macau venture reported record results.

Europe Earnings: Axa, Elekta, Kering, Monitise, Valeo

Nigel Thomas
21 Feb, 2014
New York City

AXA net soared 14% to

India Movers: Bharti Airtel, HCL Tech, IL&FS, Shree Renuka, Sandur