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Three Large Global Merger Deals, U.S. Tech Stocks Selloff Continues

Nichole Harper
07 Apr, 2014
New York City

U.S. stocks extended losses for the third day and three large merger deals were announced in India, U.S. and Europe. The market correction continues across many sectors led by 15% losses in high flying Internet stocks. Investors are anticipating 16 IPOs to be completed this week.

Europe Earnings: Alfa Laval, Lafarge, Holcim, Roche, Vivendi

Nigel Thomas
07 Apr, 2014
New York City

Alfa Laval agreed to buy Norway-based Frank Mohn for 13 billion kronor. Holcim and Lafarge agreed to a merger of equals to form the world

Japan Stocks Decline for Second Day in Japan, BOJ Announcement Awaited

Hiruki Nakamura
07 Apr, 2014
New York City

Stocks in Tokyo closed lower for the second day in a row. The Bank of Japan commenced its 2-day meeting that may lead to no change in its bond purchase program. Daiichi Sankyo gained 3% after the company agreed to sell Ranbaxy Laboratories for $3.2 billion.

Australian Stocks Ease as Trading Volume Falls Near Yearly Low

Marcus Jacob
07 Apr, 2014
New York City

Australian stocks declined and trading volume fell to the low in the year so far following the weakness in the U.S. markets on Friday. Australian dollar held firm near the high in the year.

India Movers: Sun Pharma Agrees to Buy Ranbaxy for $3.2 Billion

Mukesh Buch
07 Apr, 2014
New York City

BHEL annual profit declined 51% and revenue dropped 20%. GMR won airport development contract from Philippines. IL&FS emerged as the lowest bidder for road contracts worth Rs 290 crore. Sun Pharma agreed to buy Ranbaxy for about $3.2 billion.

Tech Stocks Lead U.S. Index Decline from Peaks

Nichole Harper
04 Apr, 2014
New York City

Market indexes eased from record level and the U.S. employers added 192,000 jobs in March. All the payrolls increase were driven by the gains in private sector and total employment in the sector reached to a new high above 116 million. GrubHub Inc IPO soared.

AZZ, Synergy Resources Jump; CarMax, Global Payments Drop

Mukesh Buch
04 Apr, 2014
New York City

AZZ net soared 13% and revenue climbed 29%. CarMax net declined 7% but sales jumped 9% and the used car dealer announced $1 billion share repurchase. Global Payments profit fell 6% but revenue increased 7%. Micron Technology net swung to profit. Synergy Resources net surged 93%.

March U.S. Payroll Increase Lifts Private Payrolls to Record 116 Million

Mukesh Buch
04 Apr, 2014
New York City

The March month jobs data suggested a rebound in employment from the depths of the winter months, but the increase fell short of estimates. Almost all the gains in employment was driven by private payrolls.

Europe Earnings: Bouygues, easyJet, Flybe, Mediaset, Remy Cointreau

Nigel Thomas
04 Apr, 2014
New York City

Bouygues raised its cash component offer for SFR by

Longest Rally in Japan Stocks in 3-years Halts, Seven & I in Focus

Hiruki Nakamura
04 Apr, 2014
New York City

Stocks is Tokyo halted a two-week long rally ahead of Bank of Japan meeting on Monday. Seven & I estimated lower than expected earnings in the current fiscal year. Stocks of real estate developers extended rally to the eighth day on positive outlook.

BHP in Australian Wins Tax-free Status for $20 B Spinoff, Fonterra Fined

Marcus Jacob
04 Apr, 2014
New York City

Australian markets rebounded from a 2-day losses and the Aussie dollar gained. BHP Billiton won a tax-free status for its proposed $20 billion non-core assets spinoff. Fonterra was fined by New Zealand court for its August 2013 product warning.

India Movers: Adani Power, BS, Crompton, Sobha, SRF, Steel Strips

Mukesh Buch
04 Apr, 2014
New York City

Adani Power increased its power generation capacity to become the largest private power generator. BS Ltd won orders of Rs722 crore from electric utilities. Crompton secured news export order worth $29 million. Sobha Developers sales in fourth-quarter surged 20%.

Google Splits Stock, Greenbrier Net Rises

Mukesh Buch
03 Apr, 2014
New York City

Google trades ex-split. Greenbrier net soared 13%. Meltwater bids for Sweden-based rival Cision for $138 million in cash. RPM Int net swung to profit. Schnitzer Steel profit tumbled 79%. Texas Ind loss widened.

Europe Earnings: Dunelm, McBride, Quindell, Tullow Oil, Vivendi

Nigel Thomas
03 Apr, 2014
New York City

Dunelm revenue climbed 10% to

U.S. Stocks Gyrate, ECB Holds Rates

Nichole Harper
03 Apr, 2014
New York City

U.S. stocks gyrated after opening higher. Weekly jobless claims increased 16,000 to 326,000 and the increase was consistent with the pre-recession level. Trade deficit in February widened on higher price of imported crude oil and a decline in exports. ECB unrevised its benchmark rate.

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