ticker

H&R Block, Synaptics, Ulta Salon Rise; United Natural Foods Falls

Mukesh Buch
11 Jun, 2014
New York City

Ares Management net and revenue surged. H&R Block net climbed 37% and sales soared 18%. Synaptics lifted its revenue outlook and agreed to acquire Japan-based Renesas SP Drivers for $475 million. Ulta Salon net jumped 19% and revenue surged 23%.

Europe Earnings: CommerzBank, Lufthansa, Inditex, Kion, Vallourec

Nigel Thomas
11 Jun, 2014
New York City

CommerzBank sold non-performing loans portfolio for

Stocks in Japan Resume Advance, Wholesale Prices Rise in May

Hiruki Nakamura
11 Jun, 2014
New York City

Stocks in Tokyo advanced a day after trading lower and extended 14-day gain and the yen closed lower. Wholesale prices in May rose at the fastest pace in 5% on sales tax increase. Nissan is scheduled to launch its first electric vehicle in domestic market in October.

Australia Based Ramsay Acquires Controlloing Stake in French Rival

Marcus Jacob
11 Jun, 2014
New York City

Trading in Australian stocks remained subdued as large and foreign investors stayed away from leading resource companies in Australia. Aussie dollar advanced as currency traders forecasted parity with the U.S. dollar. Downer EDI plunged after BHP cancelled a mining contract.

Corporate India Resumes Rights Offering to Fund Expansion

Mukesh Buch
11 Jun, 2014
New York City

Future Retail to raise up to Rs. 2,000 crore to reduce the debt. Indian Hotels received regulatory approvals to raise as much as Rs 1,000 crore through a rights issue. L&T plans to sell 1.6% stake in its financial services unit. SBI to consolidate several subsidiaries.

Burlington Stores, HD Supply, Pep Boys Rise; RadioShack Drops

Mukesh Buch
10 Jun, 2014
New York City

Burlington Stores net swung to profit after sales soared. HD Supply net loss narrowed but sales climbed 6%. International Game Technology hired bankers. Metlife plans to repurchase shares up to $1 billion. Pep Boys net tumbled 59%. RadioShack net loss widened.

8-day Rally Extends 2-Month Rebound in S&P 500 to 7.5%

Nichole Harper
10 Jun, 2014
New York City

Stocks on Wall Street searched for a direction after rising in seven of last eight sessions. S&P 500 index has rebounded 7.5% from the low in April and gained 5.4% in the year so far.

Europe Earnings: CML Microsys, Carclo, Phoenix IT Group, Tesco

Nigel Thomas
10 Jun, 2014
New York City

CML Microsystems profit climbed 18% and revenue fell 1%. Carclo profit surged 48%. Phoenix IT Group pre-tax loss narrowed to

Stocks in Japan Halt 12-day Rally; Hakuhodo, Ihara Chemical in Focus

Hiruki Nakamura
10 Jun, 2014
New York City

Stocks in Tokyo halted after a 12-day rally and the yen gained on the growing speculation that Bank of Japan stimulus steps are working through the economy. Token Corp fiscal sales rose 7%.

Active Small Cap Trading Trend Extends in Australia, Home Loans Growth Flat

Marcus Jacob
10 Jun, 2014
New York City

Stocks in Australia closed lower in thin trading following higher market index opening. Active trading in smaller companies dominated extending the trend in place for the last three months. Australian dollar closed higher.

India Movers: Eros, Geometric, Hero, HDFC Bank, Tata Power

Mukesh Buch
10 Jun, 2014
New York City

Eros agreed to acquire a controlling stake in Universal Power System. Geometric signed maintenance contract with Sweden-based AB Volvo. HDFC Bank trimmed its stake in Reliance Ports. Tata Power increased its power generation capacity in Maharashtra with the launch of solar power plant.

Monday Mergers Drive Stocks on Wall Street

Nichole Harper
09 Jun, 2014
New York City

U.S. market indexes gained and deal news dominated. Merck agreed to acquire Identix Pharmaceuticals, the maker of experimental Hepatitis C drugs for $24.50 a share or about $3.9 billion. Tyson Foods made a binding deal to Hillshire Brands and offered $63 a share in cash or $7.8 billion

Merck Buys Idenix for $3.9 B; Tyson Foods Offers $7.8 B for Hillshire

Mukesh Buch
09 Jun, 2014
New York City

American Energy agreed to acquire oil and gas assets in Texas, Ohio and West Virginia for $4.25 billion. Analog Devices acquired Hittite Microwave for $2 billion. Merck agreed to acquire Idenix for $3.85 billion. Tyson Foods makes a binding offer for Hillshire Brands in $7.8 billion.

Europe Earnings: Dixons Retail, Gecina, Sainsbury, Lloyds, Man Group

Nigel Thomas
09 Jun, 2014
New York City

Metrovacesa agreed to sell 27% stake in Gecina at

Japan Revised Q1 GDP Higher; Sony, Softbank, NTT DoCoMo and KKDI in Focus

Hiruki Nakamura
09 Jun, 2014
New York City

Market indexes in Tokyo extended rally to the 12th day and the yen held firm near its 3-month average. Mobile telecom companies were in focus as the industry gears up for flat pricing plans. March quarter GDP estimate was revised higher to 6.7%.

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