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Europe Movers: Imagination Technologies, Obtala Resources, Stanley Gibbons

Nigel Thomas
27 Jun, 2014
New York City

Intel Capital sold its 9% stake in Imagination Technologies. Obtala Resources profit surged to

Sharpest Increase in Inflation in Japan in 32 Years

Hiruki Nakamura
27 Jun, 2014
New York City

Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.

Weekly Rise of 0.5% in Australian Indexes, RBA Meeting on Tuesday

Marcus Jacob
27 Jun, 2014
New York City

Australian stocks eased on Friday but for the week gained after iron ore prices firmed up in international markets. Reserve Bank of Australia is scheduled to meet and China is set to report its official manufacturing index on Tuesday. WestSide rejected $178 million offer.

India Movers: GVK Power, Nitin Fire, RCapital, T&R, TCL

Mukesh Buch
27 Jun, 2014
New York City

GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.

Stocks on Wall Street Ease on Rate Hike Worries, Barclays in Focus

Nichole Harper
26 Jun, 2014
New York City

Stocks on the Wall Street traded lower and a top policy maker at the Federal Reserve estimated interest rates to rise in 2015. Leading brokerage firms are severing ties with dark pool managed by Barclays after fraud allegation by the New York State. Frank Russell agreed to a $2.7 billion deal.

Alcoa Acquires Firth Rixson for $2.8 B, ConAgra Net Swigs to Loss

Mukesh Buch
26 Jun, 2014
New York City

Alcoa agreed to acquire Firth Rixson for $2.85 billion in cash. Bed Bath & Beyond net dropped 8%. ConAgra net swung to a loss. HB Fuller net rose 4%. Lennar reported quarterly net nearly flat at $138 million. McCormick profit jumped 8%.

Japan Investors Bid Up Stocks on the U.S. Recovery Prospects

Hiruki Nakamura
26 Jun, 2014
New York City

Stocks in Tokyo advanced and investors focused on the probable revival of economic growth in the second quarter in the U.S. Rakuten, the online retailer, jumped 3% on speculation that the company may launch a discount airline with Air Asia.

LSE Agreed to Acquire Russell Investments for $2.7 B

Nigel Thomas
26 Jun, 2014
New York City

Barclays was sued by the New York attorney general for falsifying marketing material for dark pool trading. Dixons Retail net loss narrowed to

Australian Job Vacancies Rise to a 1-year High, Tatts Jumps on Court Decision

Marcus Jacob
26 Jun, 2014
New York City

In a sign of growing employment, Australian job vacancies in the quarter May increased to highest in a year. Australian court delivered two different verdicts in cases involving slot machines and the Victoria State.

India Movers: Crompton Greaves, Essel Propack, L&T, RCom

Mukesh Buch
26 Jun, 2014
New York City

Crompton Greaves in a consortium won

Apogee, Barnes & Noble, Monsanto Jump; General Mills, Lindsay Fall

Mukesh Buch
25 Jun, 2014
New York City

Apollo Education net declined 11%. Apogee net surged 47%. Barnes & Noble net loss narrowed and the retailer plans to spin-off its Nook tablets and college books businesses. General Mills profit climbed 10%. Lindsay net tumbled 37%. Monsanto profit slumped 6%.

Europe Earnings: Aker Solutions, GDF Suez, Northgate, Stagecoach, TSB

Nigel Thomas
25 Jun, 2014
New York City

Aker Solutions dropped after $250 million contract was terminated by Total SA. GDF Suez slid after France government sold its 3.1% stake. Northgate net swung to profit. Stagecoach profit climbed 5% to

U.S. Supreme Court Sides with Broadcasters, Blocks Aereo

Arjun Dave
25 Jun, 2014
New York City

The U.S. Supreme Court in a landmark case sided with broadcasters and blocked the transmission of broadcast TV through Internet.

U.S. GDP Shrinks at 2.9% Rate in Q1, Stocks Trade Sideways

Nichole Harper
25 Jun, 2014
New York City

U.S. first quarter GDP shrinkage was revised to 2.9%, worse since the first quarter 2009 decline of 5.4%. Smaller consumer spending and a larger decline in exports contributed to the fall. Supreme Court blocked independent streaming of broadcast TV.

Japanese Prime Minister Abe Announces Third Step of Economic Reforms

Hiruki Nakamura
25 Jun, 2014
New York City

Stocks in Tokyo closed lower and investors turned cautious as violence in Iraq spread to more regions. Euglena announced a plan to develop bio-diesel engine with Isuzu Motor. Toyota plans to begin selling fuel-cell vehicles in Japan by the end of this fiscal year.

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