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Australian Jobless Rate Drops to 5.8%, Ten Network Loss Narrowed

Marcus Jacob
10 Apr, 2014
New York City

Australian stocks trimmed early gains after employers added more than expected 18,000 jobs in March. Unemployment rate fell to 5.8%. Also, market sentiment weakened after China reported 6.6% decline in exports and 11.3% in imports.

India Movers: D.B. Corp, Man Ind, Piramal, Sesa Sterlite, Suven Life, SBI

Mukesh Buch
10 Apr, 2014
New York City

Man Industries built up order book of around Rs 1,200 crore. Piramal divest its entire stake in Vodafone India for Rs.8,900 crore. Sesa Sterlite gained after production update.]

Mars Acquires Pet Food Brands from P&G for $2.9 Billion

Nichole Harper
09 Apr, 2014
New York City

Stocks on Wall Street advanced for the second day in a row and market indexes in Europe gained. India attracted $10.3 billion fund flows in the year so far. Market indexes in Tokyo plunged more than 2%. Mars agreed to acquire three pet-care brands from Procter & Gamble for $2.9 billion in cash.

Tokyo Sell-off Extends to Day Four, Seibu Trims IPO Size 73%

Hiruki Nakamura
09 Apr, 2014
New York City

Stocks in Tokyo declined for the fourth day in a row and the trading in yen was in focus after the Bank of Japan did not announce new measures to support the economic expansion. Seibu Holdings trimmed its initial public offering size by 73%.

Alcoa, MSC, Tech Data Climb; Constellation Brands, WD-40 Decline

Mukesh Buch
09 Apr, 2014
New York City

Alcoa net swung to a loss on 7% decline in sales. Constellation Brands net and revenue surged. Mars agrees to acquire three brands for $2.9 Billion from Procter & Gamble. MSC Ind net declined 12%. Progressive profit jumped 4%. Tech Data net surged.

Australian Indexes Jump 1%, David Jones Receives $2 B Bid

Marcus Jacob
09 Apr, 2014
New York City

Australian indexes jumped 1% and the Aussie dollar edged near 94 U.S. cents. David Jones received an unsolicited offer from South Africa based retailer and Myer Holdings withdrew its offer.

Europe Earnings: Daimler, Evraz, Hansen, Wirecard, WS Atkins

Nigel Thomas
09 Apr, 2014
New York City

Daimler estimated significant improvement in sales growth in the year. Evraz net loss in the year widened to $572 million and sales fell 2%. Chr Hansen profit jumped 6% to

India Movers: ABB, Lupin, Ramco Systems, Suzlon Energy, Tata Steel

Mukesh Buch
09 Apr, 2014
New York City

ABB India received a contract of $18 million from Power Grid Corp. Lupin received US regulatory approval to sale generic version of Actos of Takeda Pharma. Suzlon Energy sold its Illinois wind farm and obtained

A. Schulman, International Speedway Rise; Argan, Team Fall

Mukesh Buch
08 Apr, 2014
New York City

Argan net surged 39%. A. Schulman net plunged 42% but revenue soared 14%. International Speedway profit climbed 47% and revenue rose 3%. Team said net loss in the quarter widened but revenues jumped 8%. Zep net swung to loss.

IMF Trimmed World Growth Outlook, Jittery Stocks on Wall Street

Nichole Harper
08 Apr, 2014
New York City

U.S. stocks struggled to advance and a broad selloff in sectors dragged market sentiment. Investors turned cautious on stretched valuation. The International Monetary Fund trimmed its world growth projection for the current year from its earlier projection in January.

Europe Earnings: GVC, Suedzucker, Sports Direct, Saint Gobain

Nigel Thomas
08 Apr, 2014
New York City

Matchtech profit surged 49% and revenue climbed 12%. Suedzucker tumbled after profit plunged 32% to

First Current Account Surplus in Japan in Five Months

Hiruki Nakamura
08 Apr, 2014
New York City

Current account swung to a surplus in Japan for the first time in five months in February. Trade deficit in the month narrowed but is expected to increase if imports sustain the momentum after the latest tax increase.

Australian Dollar Gains, Market Indexes Trim Losses

Marcus Jacob
08 Apr, 2014
New York City

Australian stocks opened lower following the weak market closes in Europe and New York and trading volume was near the low in the year so far. Australian dollar edged higher. Affinity Education Group Limited proposed to acquire a portfolio of centers for $80 million.

Mallinckrodt Agrees to Acquire Questcor, Vocus Surges 47%

Mukesh Buch
07 Apr, 2014
New York City

Arthur J. Gallagher net surged 22% and agreed to acquire the insurance business of Australia-based Wesfarmers Limited for $1 billion. Energen agreed to sell Alabama Gas business to Laclede for $1.6 billion. Mallinckrodt agreed to acquire Questcor for $5.6 billion.

Hocim and Lafarge to Merge, Mallinckrodt to Buy Questcor

Bikram Pandey
07 Apr, 2014
New York City

Three large merger deals in U.S., Europe and India dominated Monday news as traders focused on highflying tech stocks. Holcim Ltd and Lafarge SA agreed to merge to form the largest cement maker. Daiichi Sankyo sells Ranbaxy stake to Sun Pharma. Mallinckrodt PLC to acquire Questcor for $5.6 billion.

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