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Gap and Arvind in India in Retail Venture, Suzlon Seeks Japanese Partner

Mukesh Buch
22 Aug, 2014
New York City

Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.

S&P 500 Touches New Record, Bank of America in Historic $16.5 B Settlement

Nichole Harper
21 Aug, 2014
New York City

U.S. market indexes traded higher after morning weakness. Bank of America agreed to pay $16.5 billion in fees and settlements to the U.S. Department of Justice. Family Dollar rejected $9 billion offer from Dollar General on anti-trust approval worries.

Family Dollar Rejects $9 B Offer, Bon-Ton, HP Jump, Sears Drops

Mukesh Buch
21 Aug, 2014
New York City

Buckle net fell 2%. Dollar Tree net slipped 3% while sales jumped. Family Dollar rejected $9 billion acquisition offer of Dollar General. Hewlett-Packard profit plunged 29% after revenue barely rose 1%. L Brands net climbed 5%. Sears net loss widened.

GTECH Arranges $10.7 B Loan, Kazakhmys Swings to Profit

Nigel Thomas
21 Aug, 2014
New York City

Costain profit doubled after revenue soared 18% to

Nikkei in Tokyo Extends Two Week Rally, Manufacturing Growth Advances

Hiruki Nakamura
21 Aug, 2014
New York City

Stocks in Tokyo closed higher and extended two-week advance and the weaker yen helped corporate earnings. The latest private survey showed manufacturing in Japan increased in August but the growth rate declined in China.

India Movers: Axis Bank to Raise $1 B, Bhusan Steel Struggles with Debt

Mukesh Buch
21 Aug, 2014
New York City

Bhushan Steel declined 52-week low after financial crises and net debt jumped to $5.9 billion. Electrotherm India net loss widened. Maxwell profit rose 3%. Shilpa Medicare net climbed 13%. Signet net jumped 11%.

Australian Indexes in 6-day Rally, Breville Plunges 18%

Marcus Jacob
21 Aug, 2014
New York City

Australian market indexes extended gains for the sixth session in a row but gains were trimmed in the afternoon after a private survey in China showed a marked decline in growth in manufacturing. Breville plunged 18% after CEO Jack Lord resigned. AMP net declined 3%.

Hertz Withdrew Guidance, Target Lowered Annual Outlook

Mukesh Buch
20 Aug, 2014
New York City

American Eagle net tumbled 70%. Hertz plunged after the rental services provider withdrew its outlook. Lowe

Stocks on Wall Street Look for Fed Support

Nichole Harper
20 Aug, 2014
New York City

Stocks on Wall Street advanced after lackluster morning trading ahead of Fed minutes of meeting release. Central bankers are scheduled to meet at the annual gathering organized by the Fed tomorrow. Target lowered its annual outlook. Hertz withdrew its forecast.

Balfour Rejects Revised Third Offer, Glencore Net Swings to Profit

Nigel Thomas
20 Aug, 2014
New York City

Balfour Beatty rejected third revised takeover offer from Carillion. Carlsberg profit climbed 7% to 2.2 billion kronor. Glencore net swung to profit of $1.7 billion. Heineken net fell 1% to

Japan Exports Rise in July, Trade Deficit Widens

Hiruki Nakamura
20 Aug, 2014
New York City

Stocks in Japan closed higher and the Topix declined for the first time in seven days. Trade deficit in July widened but exports rose for the first time in the month on the higher shipments to Asia, Europe and the U.S.

Eros and Zee TV in Content Partnership, Just Dial to Raise Capital

Mukesh Buch
20 Aug, 2014
New York City

Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.

Australian Central Bank Governor Focused on Rate Stability

Marcus Jacob
20 Aug, 2014
New York City

Reserve Bank of Australia Governor Glenn Stevens focused on rate stability in a speech to parliament. Australian markets extended two-week gains and prices of iron ore remained firm for Shanghai delivery. Woodside Petroleum first-half net increased 27%. Wesfarmers Ltd annual net increased 19%.

Steady Momentum in U.S. and World Markets

Nichole Harper
19 Aug, 2014
New York City

U.S. stocks extended gains for the second day this week after geopolitical tensions eased and oil prices remained under pressure for the third week in a row. BHP Billiton decided to spin off assets as the mining boom wanes and company structure becomes unwieldy. World markets remain in the upswing.

Tokyo Rally in Fifth Day, Topix in 7-day Advance

Hiruki Nakamura
19 Aug, 2014
New York City

Stocks in Tokyo gained for the fifth day and Topix Index closed higher for the seventh day in a row. Resource linked stocks were actively traded after oil and metals prices eased and geopolitical tensions eased. The yen traded above 102 against one dollar.

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