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U.S. Leads 3-day World Markets Rally

Nichole Harper
07 Apr, 2015
New York City

U.S. stocks extended gains for the third day in a row and the dollar remained firm against the euro. Crude oil jumped for the second day and traded above $53 a barrel. India left its interest rate unchanged and Australia held rates at historic low of 2.25%. European markets surged.

TNT Seeks a Deal with FedEx, Axalta Coating Sell 8.7% to Berkshire

Mukesh Buch
07 Apr, 2015
New York City

Berkshire Hathaway agreed to acquire 8.7% stake in Axalta Coating from Carlyle Group. Greenbrier net surged more than three-fold. Canada divests 73.4 million shares of General Motors. FedEx offered $4.8 billion for TNT, two years after deal with UPS was scuttled. Intl Speedway net tumbled.

FedEx Offers

Nigel Thomas
07 Apr, 2015
New York City

Ryanair said passenger traffic in March soared 28% to 6.67 million. Rio Tinto completed its buy-back of about 11.6 million shares worth $560 million. FedEx offered

Nikkei Advances 1.2%on Earnings and Wage Gains Expectations

Hiruki Nakamura
07 Apr, 2015
New York City

Nikkei in Tokyo advanced 1.2% and Japanese companies are expected to offer summer bonus of 2.1%. Energy sector stocks gained after crude oil futures rose 5% after Saudi Arabia lifted prices for Asian delivery. AIT Corp, the parcel and delivery company said annual net income increased 13.5%.

Australia Keeps Rate at Historic Low 2.25%

Marcus Jacob
07 Apr, 2015
New York City

Reserve Bank of Australia left benchmark rate at historic low of 2.25% and held out for an increase at the next meeting in May. Australian dollar spiked up. Leighton with its partner won a $608 million contract to build reservoirs in Qatar. Rio Tinto completed its $500 million share buyback program.

Rates on Hold in India; Government Speeds Up Project Awards

Mukesh Buch
07 Apr, 2015
New York City

RBI left key lending rate unchanged and lifted its growth outlook in the current fiscal year. GMR Infra received ₹5,080 crore order from Indian Railways. MMTC secured coal import order from Coal India and Andhra Pradesh Power. National Highway Authority awards an order to Supreme Infra.

U.S. Indexes Rebound Rate Talks, Crude Oil Jumps 5%

Nichole Harper
06 Apr, 2015
New York City

U.S. stocks rebounded after Fed official suggested future rate increase are likely to be gradual. Crude oil jumped 5% after Saudi Arabia increased oil price for Asian customers. Russian ruble rebounded and Real in Brail rallied for the fifth day. European markets were closed today.

Bristol-Myers to Invest in uniQure, Ventas Acquires Ardent Medical

Mukesh Buch
06 Apr, 2015
New York City

Bristol-Myers plans to invest in The Netherlands-based biotech uniQure. Shanda Games agreed to go private for $1.9 billion. Ventas agreed to acquire privately-owned hospital operator Ardent Medical Services for $1.75 billion and spin off most of its skilled nursing facilities.

Nikkei Turns Lower, Toshiba Plunges 10%

Hiruki Nakamura
06 Apr, 2015
New York City

Nikkei 225 Average in Tokyo eased following weaker than expected U.S. jobs report. Toshiba Corp dropped after the company appointed a committee to investigate earnings irregularity in the fiscal year ending in March 2014.

Sensex in India Jumps Ahead of RBI Meeting, BHEL, NTPC Jump

Mukesh Buch
06 Apr, 2015
New York City

BHEL said orders on the book soared 10% to ₹30,814 crore from a year ago quarter and estimated 62% decline in profit. KEC International won new orders for about ₹1,565 crore. L&T secured orders worth ₹5,492 crore in March. NTPC plans to invest ₹5,000 crore in power plants.

U.S. Employment Growth Plunges, March Job Increase Drops to 126,000

Mukesh Buch
03 Apr, 2015
New York City

Net new job creation in March fell sharply to 126,000, ending the year-long stretch of job addition of more than 200,000. The March month job addition was the smallest in fifteen months and the jobless rate in the month held at 5.5%. January and February job increased were revised lower.

Nikkei Advances, Toyota to Build Plants in China and Mexico

Hiruki Nakamura
03 Apr, 2015
New York City

Stocks in Tokyo closed higher in thin trading and investors awaited jobs data in the U.S. Toyota said it plans to build additional manufacturing plants in China and in Mexico. Toyota estimated operating profit in the latest fiscal year of 2.7 trillion yen.

Markets in U.S. and Europe Advance in 4-Day Week, U.S. Trade Deficit Shrinks

Nichole Harper
02 Apr, 2015
New York City

Market indexes in New York and in Europe rebounded on the last day of 4-day week. Crude oil price edged lower as Iran, EU and the U.S. are nearing an accord on nuclear talks. U.S. trade deficit in February narrowed to $35.4 billion and weekly jobless claims declined 20,000.

Sears in REIT Spinoff to Raise $2.5 B; AutoNation and CarMax Advance

Mukesh Buch
02 Apr, 2015
New York City

AutoNation March retail sales jumped 5% and quarterly sales soared 10%. CarMax profit surged 44% on 14% increase in revenues. Micron Technology net soared 28%. Rite Aid same store sales in March jumped 4.3%. Sears to raise $2.5 billion and sell stores in a REIT spinoff.

Bollore Lifts Vivendi Stake, Playtech Acquires TradeFX for

Nigel Thomas
02 Apr, 2015
New York City

Bollore increased its stake in Vivendi SA to 12.01% to fend off a hostile takeover. Marks and Spencer sales in fourth-quarter jumped 2%. Playtech agreed to acquire 91.1% stake in TradeFX for

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