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Allegheny, Express, Intel, Multi-Color Soar; Finisar Falls

Mukesh Buch
13 Jun, 2014
New York City

Allegheny agreed to acquire Hanard Machine. Amaya buys Oldford Group for $4.9 billion. Express surged after Sycamore Partners offered a 9.9% stake. Finisar tumbled on cautious outlook. Intel lifted annual revenues outlook to $53.07 billion.

Europe Earnings: Bonmarche, Boohoo.Com, CGG, Ensor, Telenor

Nigel Thomas
13 Jun, 2014
New York City

Bonmarche pre-tax profit surged 85% to

U.S. Stocks Struggle with Iraq in Backdrop

Nichole Harper
13 Jun, 2014
New York City

Stocks on Wall Street struggled after Iraq violence lifted oil price and supply disruption worries. Priceline agreed to acquire OpenTable for $2.6 billion. Producer prices in May fell unexpectedly.

OpenTable Agrees to $2.6 Billion Deal with Priceline

Arjun Dave
13 Jun, 2014
New York City

Priceline Group Inc agreed to acquire OpenTable Inc. for $2.6 billion in cash. The online travel group offered $103 a share, 46% premium from to OpenTable

U.S. Wholesale Prices Fall Unexpectedly in May

Mukesh Buch
13 Jun, 2014
New York City

Producer Price Index for final demand declined 0.2% in May after rising 0.6% in April, the Labor Department said today in Washington.

Bank of Japan Lifts Views on Foreign Economies and Kept Historic Stimulus

Hiruki Nakamura
13 Jun, 2014
New York City

Bank of Japan kept its monthly stimulus plan and lifted its assessment of foreign economies. The central bank will continue to print money at historic pace of 60 trillion yen to 70 trillion yen. Meiji Holdings agreed to acquire India based generic drug maker for $290 million.

India Movers: BHEL, CBI, Edelweiss, Hero Motocorp, IOB, RIL

Mukesh Buch
13 Jun, 2014
New York City

BHEL commissioned 68 megawatts hydro power plant in Himachal Pradesh. Central Bank of India board approved capital raising by issuing 71 million shares to LIC. Edelweiss Financial Services intends to issue a non-convertible debenture of Rs 200 crore.

Australian Dollar at 2-month High, Iron Ore Prices at 2-year Low

Marcus Jacob
13 Jun, 2014
New York City

Australian stocks turned lower ahead of a 3-day weekend and Aussie dollar rose to a seven-month high and iron ore prices dropped to a 2-year low. Reserve Bank of Australia is scheduled to release its June board minutes of meeting on Tuesday.

Oil Higher on Iraq Tensions, Modest Rise in Retail Sales

Nichole Harper
12 Jun, 2014
New York City

Iraq tensions and weak retail sales dragged market indexes in New York and in Europe. Oil futures rose to $105.89 a barrel and gold gained. U.S. retail sales in May rose less than expected and weekly jobless claims gained 4,000.

Lands

Mukesh Buch
12 Jun, 2014
New York City

Eros International net dropped 7%. Lululemon tumbled after net plunged 60% but revenue climbed 11%. Lands

Hitachi, Mitsubishi to Join Alstom Bid, Japan Indexes Fall from 4-Month Peak

Hiruki Nakamura
12 Jun, 2014
New York City

Tokyo stocks decline from a 4-month high and the yen held firm. Takata Corp, the maker of air bags for Toyota, extended losses for the second day after defective air bags may need more fixes. Tokyo Dome quarterly net plunged 63%. Fanuc and Komatsu dropped on weak exporters.

Europe Earnings: Alstom, Home Retail, Lonmin, Mulberry, Volex

Nigel Thomas
12 Jun, 2014
New York City

Hitachi agreed to participate with Mitsubishi and Siemens to bid for France based Alstom. Home Retail said sales at Argos and Homebase business climbed. Lonmin surged after settling wage dispute at African mines. Mulberry profit plunged 54%. Volex said net loss in the year widened.

Australian Job Creation in May Halts, Stocks Trade Lower

Marcus Jacob
12 Jun, 2014
New York City

Australian stocks traded lower on the weakness in resource sector. Investors have shifted focus to smaller companies but three most actively traded stocks. BHP, Commonwealth Bank and Westpac Banking led the most active list. Jobs creations slowed for the first time in four months.

India Movers: Asian Paints, Essar, Infosys, Idea, KEC Intl, Tata, Unitech

Mukesh Buch
12 Jun, 2014
New York City

Asian Paints completed acquisition of Ess Ess bathroom products. Essar plans to raise up to $600 million. Infosys appointed Vishal Sikka as new CEO, the first outsider to lead the company. Jaiprakash Associates sold its Gujarat plant to UltraTech Cement.

Cantor Defeat and Lower Global Growth Weighs on Wall Steeet

Nichole Harper
11 Jun, 2014
New York City

U.S. stocks traded lower after rising for four days and the prospect of political gridlock rose in Washington after the U.S. House Majority Leader Eric Cantor lost to a Tea Party backed candidate.

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