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AbbVie Revised Shire Offer; Delta Air, Zogenix Decline

Mukesh Buch
08 Jul, 2014
New York City

AbbVie revised its takeover offer for $51.5 billion after rejecting of three previous offers. Delta Air Lines reduced its flights on dispute with Venezuela. Macquarie Infrastructure agreed to acquire the remaining 50% stake of Intl-Matex Tank Terminals for $1 billion.

Japan Current Account Surplus Surges in May

Hiruki Nakamura
08 Jul, 2014
New York City

Stocks in Tokyo closed lower and the yen traded nearly unchanged. Japan

Air France Plunges 9% on Outlook, Shire Received Third Revised Offer

Nigel Thomas
08 Jul, 2014
New York City

Air France plunged after weak fiscal outlook. Marks and Spencer first-quarter sales jumped 2.3%. Monitise lowered its revenue forecast. Shire received third takeover offer from AbbVie. SIG said sales climbed 6.5% to

Australian Stocks Trade in Tight Range

Marcus Jacob
08 Jul, 2014
New York City

Australian market indexes closed down after trading in a narrow range. Trading volume was weak even though banks and resource stocks dominated the session. Aristocrat Technologies raised $375 million for its $1.4 billion bid to acqure Video Gaming Technologies.

India Movers: Cipla, Hero Motocorp, ICRA, NMDC, RIL, Shasun Prama

Mukesh Buch
08 Jul, 2014
New York City

Cipla plans to invest up to

On Merger Monday U.S. Stocks Rest After a Week of Surge, Dollar Eases

Nichole Harper
07 Jul, 2014
New York City

Stocks on Wall Street traded lower led by a fall in small cap stocks. Monday merger led to more deal announcements in the U.S. and Europe. ADM agreed to acquire Wild Flavors for $3 billion. Argentina enters in talks with bond holders.

Nikkei in Tokyo Eases 0.4%; FamiliyMart Jumps 4%, Aeon Plunges 5%

Hiruki Nakamura
07 Jul, 2014
New York City

Stocks in Tokyo eased and market indexes turned lower after a week of advance led by a decline in resource and retail stocks. FamilyMart jumped 4.5% after Itochu plans to increase its stake to 37% before the end of current fiscal year. Aeon dropped 5% after quarterly net plunged.

Archer Daniels to Acquire Wild Flavors for $3.1 B

Mukesh Buch
07 Jul, 2014
New York City

Archer Daniels agreed to acquire Switzerland-based Wild Flavors for $3.1 billion in cash. BioDelivery Sciences surged after experimental pain drug was deemed effective. Warren Resources agreed to acquire all assets of Citrus Energy for $353 million.

Europe Earnings: Anglo American, Helvetia, Lafarge, SABMiller, TeliaSonera

Nigel Thomas
07 Jul, 2014
New York City

Anglo American intends to sell its 50% stake in Lafarge worth

Australian Construction Sector Expands, Wotif.com Receives $660 M Offer

Marcus Jacob
07 Jul, 2014
New York City

Australian market indexes closed lower and construction industry showed first sign of revival in the year. Wotif.com received $660 million takeover offer from the U.S. based Expedia Inc.

India Movers: Mahindra Holidays, Oil India, Rajesh Exports, Tata Power

Mukesh Buch
07 Jul, 2014
New York City

Mahindra Holidays acquired 19% stake in Finland-based Holiday Club Resorts for

Europe Movers: EasyJet, Erste Group Bank, Gowex, Porsche, Serco

Nigel Thomas
04 Jul, 2014
New York City

EasyJet June passenger count climbed 10%. Erste Group tumbled after bank forecasted net loss for the year of as much as

Nikkei Extends Weekly Gain to 1.5% on U.S. Employment Report

Hiruki Nakamura
04 Jul, 2014
New York City

Nikkei 225 Stock Average extended weekly gain to 2.3% following better than expected jobs data in the U.S. and additional stimulus measures in the euro zone. Izumi Co., the food retailer said first quarter revenues increased 4.4%. Tosei Corp first-half sales declined 11%.

Australian Indexes Participate in World Markets Rally

Marcus Jacob
04 Jul, 2014
New York City

Australian market indexes gained 1.5% at the end of week when Reserve Bank of Australia and European Central Bank left interest rates on hold. The latest market rally was supported by better than expected job gains in the U.S. Reef Casino was halted after ACCC launched competition investigation.

India Movers: Aban Offshore, Hindalco, ICVL, Jain Irrigation, NMDC

Mukesh Buch
04 Jul, 2014
New York City

Aban Offshore raised $125 million. Hindalco plans to raise $500 million to repay maturing debt. ICVL intends to buy three coal mines in Mozambique from Rio Tinto. Siemens sold a land parcel in Bangalore for Rs 345 crore.

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