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IDBI Bank Plunges on Coal Loan Worries, SAIL to Expand Capacity

Mukesh Buch
24 Sep, 2014
New York City

Aditya Birla group is in talks with Educomp to acquire its schools business. IDBI Bank plunged after Supreme Court order on scrapping coal blocks. SAIL finalized its production capacity of 50 million tons by 2025. Thermax won an export order worth about Rs 339 crore.

Barclays Faces UK Fines, TNT Express Tumbles

Nigel Thomas
24 Sep, 2014
New York City

Arrow Global agreed to acquire Capquest for

CF Ind and Yara in $2.7 B Merger Talks; Ascena Retail, CarMax Plunge

Mukesh Buch
23 Sep, 2014
New York City

Ascena Retail net rose but sales dropped. Boeing received an order from Ethiopian Airlines valued at list price of $2.1 billion. CF Industries is in merger talk with Yara International. Carnival net surged 37%. CarMax net and revenue soared 10%. Ennis net rose 2%.

U.S. Crackdown on Inversion Deals and Eurozone Slowdown Hit Global Markets

Nichole Harper
23 Sep, 2014
New York City

On Wall Street market indexes struggled after the U.S. Treasury issued new rules to crackdown on inversion deals. At least eight large deals that are announced but not completed are likely to face higher costs or regulatory obstacles.

Philips to Spin-off Business, Yara and CF Industries in Merger Talks

Nigel Thomas
23 Sep, 2014
New York City

Eurazeo sold remaining 7.13% stake in Rexel for

China Manufactruing Data Lifts Australian Indexes

Marcus Jacob
23 Sep, 2014
New York City

Australian indexes rebounded after a private survey in China showed manufacturing sector expanded. Aussie dollar traded volatile in the day as precious metals and crude oil prices remained under pressure. Kathmandu Holdings, the retailer of travel products said annual net fell 9%.

Sensex in India Plunges 1.6% on Global Worries

Mukesh Buch
23 Sep, 2014
New York City

Bajaj Electricals won contract worth Rs.108.63 crore. EIL secured a consultancy contract from Assam Petrochemicals. IFCI divest its stake in Tourism Finance Corp. Sunil Hitech forecasted revenue of fiscal 2015 of about Rs 2,200 crore.

Wall Street Follows World Markets Decline after Commodities Rout

Nichole Harper
22 Sep, 2014
New York City

World markets declined sharply after a selloff in Asian markets on weak commodities prices. Chinese finance minister dashed all hopes of additional stimulus and coal, iron ore, crude oil and precious metals dropped to multi-year lows.

Nikkei and Asian Markets Slide, Yen Hovers Near 6-year Low

Hiruki Nakamura
22 Sep, 2014
New York City

The yen rebounded from its six-year low but market indexes extended losses after shippers, exporters and resource companies led the decliners in Tokyo trading. SoftBank plunged nearly 5% after investors preferred to invest directly in Alibaba Group Holdings.

Auxilium Pharma Rejects $2.2 B Offer, AutoZone Net Soars 7%

Mukesh Buch
22 Sep, 2014
New York City

AutoZone net soared 7% on 5% increase of revenue. Auxilium Pharma rejected $2.2 billion offer from Endo Intl. CARBO Ceramics tumbled after unexpected sales outlook. Neogen net and revenue surged.

Merck Acquires Sigma-Aldrich for

Nigel Thomas
22 Sep, 2014
New York City

Sweden based Investor AB agreed to buy additional shares of Wartsila for

Another Downturn in Commodities Drageed Australian and Asian Markets

Marcus Jacob
22 Sep, 2014
New York City

Australian indexes plunged 1.3% and erased almost all the gains in the year so far after spot iron ore and coal price took another dive. Australian dollar traded weaker and resource companies led the decliners.

India Movers: Bharti Infratel, Crompton Greaves, JK Tyre, L&T, PNB

Mukesh Buch
22 Sep, 2014
New York City

Bharti Infratel dropped on report that KKR & Co will divest its entire stake. Crompton Greaves selected by the electric utility company to manufacture smart meters. JK Tyre is expected to approve a stock-split. L&T won new orders worth Rs 1,577 crore.

Concur Acquired By SAP for $7.3 B; Hyatt Sell 38 Hotels

Mukesh Buch
19 Sep, 2014
New York City

Concur agreed to acquire by Germany-based SAP for $7.3 billion. Hyatt affiliates sell 38 hotels to Lone Star Funds for about $590 million. Marcus net declined 7%. Oracle net was flat but revenue jumped 3%. Red Hat profit jumped 15%. Tibco Software net tumbled 88%.

Tech Stocks on Wall Street Gain on Alibaba Debut Surge of 45%

Nichole Harper
19 Sep, 2014
New York City

Stocks on Wall Street extended gains for the fifth day in a row and Internet stocks led the gainers. China based e-commerce platform operator, Alibaba Group soared 45% on its first day of trading.

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