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India Movers: DCM Shriram, Indian Hotels, Parsvnath, PTC India, TTK

Mukesh Buch
25 Jun, 2014
New York City

DCM Shriram sold its textile spinning mill in Rajasthan. Indian Hotels plans to raise Rs 1,000 crore through a convertible debenture issue. Parsvnath Developers expects to raise $168 million through land sales.

Australian Dollar and Stocks Fall, Lend Lease Estimated Net to Jump 45%

Marcus Jacob
25 Jun, 2014
New York City

Australian market indexes traded lower and the Aussie dollar eased. Trading volume picked up after banks and resources stocks led the most actively traded stocks. Lend Lease estimated full-year profit to jump 45%. Treasury Wine Estates plans to write-down $260 million in assets.

Abbott to Acquire Veropharm; Carnival, Walgreen Net Climb

Mukesh Buch
24 Jun, 2014
New York City

Abbott agreed to acquire Russia-based Veropharm for $495 million. Carnival net jumped 159%. KKR acquired one-third stake in Acciona for $567 million. Micron Technology profit surged. Sonic net jumped 14%. Walgreen net soared 16%.

New Home Sales Surge in May Spur Stock Advance on Wall Street

Nichole Harper
24 Jun, 2014
New York City

U.S. stocks traded higher on a strength in tech and biotech stocks. New home sales surged 18.6%, second monthly increase following two months of decline and seasonally adjusted annual rate rose to the highest since May 2008.

Europe Earnings: Altice, BowLeven, Carnival, Chemring, Croda, ThromboGenics

Nigel Thomas
24 Jun, 2014
New York City

Altice issued 17.9 million shares to raise

Tokyo Stocks Turn Higher, Mitsui Fudosan Launches $3 Billion Offering

Hiruki Nakamura
24 Jun, 2014
New York City

Stocks in Tokyo closed higher and the yen traded below 102 mark against the dollar. Investors focused on the fiscal second-half and expectations rose of earnings revisions led by exporters and retailers. Mitsui Fudosan began its $3 billion equity offering today.

Woolworths Links Offer for Country Road to David Jones Buyout

Marcus Jacob
24 Jun, 2014
New York City

Australian indexes edged lower on the weakness in banks and resource stocks failed to build on early gains in the day. Australian dollar closed above 94 cents. Country Road surged on a conditional offer from South Africa based Woolworths.

India Movers: Adani Ports, IRB Infra, Power Grid Corp, SAIL

Mukesh Buch
24 Jun, 2014
New York City

Adani Ports acquired Dhamra Port. IRB Infrastructure secured a road project worth Rs 2,300 crore in Haryana. Power Grid Corp plans to invest more than Rs 5,500 crore in Chhattisgarh.

Allergan to Reject Valeant Deal, Coach Lowered Outlook

Mukesh Buch
23 Jun, 2014
New York City

Coach lowered its outlook. Ennis net dropped 6%. Harbinger intends to acquire Central Garden & Pet for $750 million. Oracle plans to buy Micros Systems worth $5.3 billion. Wisconsin Energy acquired Integrys Energy for $5.8 billion.

Alstom Picks GE, Santander to Buy GE Consumer Finance Unit

Nigel Thomas
23 Jun, 2014
New York City

GE won a bidding war with Siemens to acquire Alstom energy business for $17 billion. Banco Santander agreed to acquire consumer finance business of GE Capital for

GE Wins Alstom Business for $17 B, Oracle to Buy Micros for $5.3 B

Nichole Harper
23 Jun, 2014
New York City

Stocks on Wall Street traded lower after oil advanced on rising supplies disruptions worries in Iraq. European markets dropped on weak manufacturing data. General Electric won the bidding war for the energy business of Alstom SA. Oracle agreed to acquire Micros Systems.

Nikkei in Tokyo Advances, Olympus Estimated Prpfit to Double

Hiruki Nakamura
23 Jun, 2014
New York City

Nikkei 225 Stock Average gained as resource stocks advanced and telecom stocks declined. Casino equipment stocks fell. Mitsubishi Heavy Industries and Siemens failed to win energy business of Alstom SA.

Australian Stocks and Dollar Gain on Chinese Manufacturing Data

Marcus Jacob
23 Jun, 2014
New York City

Australian market indexes closed higher in active trading following better than expected manufacturing data in China. Wholesaler and distributor Metcash reported 18% decline in annual profit. Gas utility Envestra Ltd forecasted annual earnings at the upper end of the outlook.

India Movers: AstraZeneca, Bharti, Essar, Gammon, Kotak, Ramky

Mukesh Buch
23 Jun, 2014
New York City

AstraZeneca rose after shareholders approved delisting and Essar Oil also delisted its stock from exchanges. Bharti Airtel signed a network agreement in Mumbai with Loop Mobile. Gammon Infra to raise up to $83 million. Ramky Infra net swung to a loss.

Shire Rejected $46.5 Billion Offer from AbbVie; Oracle, Tibco Plunge

Mukesh Buch
20 Jun, 2014
New York City

CarMax net and revenue climbed. Darden Restaurants profit plunged 35%. Oracle net dropped 4% but revenue rose 3%. Tibco Software net tumbled 82%.

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