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India Movers: CMC, Crompton Greaves, Dena Bank, L&T, Talwalkars

Mukesh Buch
27 Mar, 2014
New York City

CMC won a legal case against Kuwait Stock Exchange. Gautam Thapar plans to sell its 42.7% stake Crompton Greaves worth $3 billion. FIEM purchased 7.65 acre land to set-up a new factory in Gujarat. L&T

Murdoch Disregards Shareholders Concerns and Elevates Lachlan

Marcus Jacob
27 Mar, 2014
New York City

Australian stocks trimmed losses after tensions rose between Russia and European nations. Aussie dollar eased. Rupert Murdoch elevated his son at News Corp and 21st Century Fox, a step that many view reflect weak corporate governance and nepotism at both companies.

Retailers Lead Japan Stocks Advance, ANA Places Largest Order

Hiruki Nakamura
27 Mar, 2014
New York City

Market indexes in Japan advanced and the yen closed nearly unchanged. Toyota said it will buy back shares worth $3.5 billion, first in five years. Nissan Motor plans to recall one million vehicles. Seven & I is in talks to take control of stores at railway stations. ANA placed a largest plane order.

Five Below, Lindsay, Movado, PVH Surge; REX American Declines

Mukesh Buch
26 Mar, 2014
New York City

Five Below surged after profit and net sales climbed. Lindsay jumped despite revenues declined 13%. Movado soared after revenue rose 7% but net slumped 9%. PVH net swung to a loss. REX American net swung to profit.

U.S. Stocks Gain on Durable Orders Data, Facebook to Buy Oculus for $2 B

Nichole Harper
26 Mar, 2014
New York City

U.S. market indexes advanced after durable goods orders increased more than expected in February. Orders increased 2.2% in the month after declining for two months in a row. Facebook acquired Oculus for $2 billion.

Europe Earnings: Bellway, Lloyds Banking, Legal & General, SAP, SSE

Nigel Thomas
26 Mar, 2014
New York City

Bellway profit surged to

U.S. Durable Goods Orders Rise, Capital Orders Lag in February

Mukesh Buch
26 Mar, 2014
New York City

The latest increase in demand for goods that are expected to last at least three years was driven by a rise in auto demand and follows two months of durable orders decline in a row.

Tokyo Stocks Extend 3-Day Rally, Kirin in Focus

Hiruki Nakamura
26 Mar, 2014
New York City

Stocks in Tokyo advanced and the yen traded near a 2-month low. Kirin Holdings Co gained 3% on a media report that the brewer is likely to raise its annual earnings estimate and consider stock buyback.

Australian Index Rebound, Nufarm Drops on Outlook

Marcus Jacob
26 Mar, 2014
New York City

Australian market indexes advanced tracking the gains in international markets in overnight trading. Australian dollar dipped. Insurance Australia Group won a regulatory approval to acquire Wesfarmers

India Movers: Godrej Properties, Oberoi Realty, SREI Infra, Sintex

Mukesh Buch
26 Mar, 2014
New York City

Godrej Properties signed partnership to develop a residential project in Pune. Oberoi Realty won 25-acres land parcel for about $190 million from Tata Steel. Sintex decided to sell its entire stake in Zep Infratech.

McCormick, Neogen, Sonic, Walgreen Jump; G-III Apparel Drops

Mukesh Buch
25 Mar, 2014
New York City

G-III Apparel net soared 62% after sales surged 26%. McCormick reaffirmed sales outlook and said net rose 9%. Neogen jumped after revenue soared 21% but net slid. Sonic profit climbed 15%. Walgreen plans to close 76 unprofitable drugstores. Disney acquired Maker Studios for $500 million.

Europe Earnings: 888 Holdings, EasyJet, Kingfisher, Royal Mail, Wolseley

Nigel Thomas
25 Mar, 2014
New York City

888 Holdings surged after revenue climbed 10%. EasyJet expects pre-tax loss in the first-half to narrow to

U.S. Stocks Rebound as Home Price Index Cools; Russia Dropped from G8

Nichole Harper
25 Mar, 2014
New York City

Stocks on Wall Street rebounded after falling for two days in a row. Geopolitical tensions dominated market worries after the industrialized nations gathering of eight nations kicked out Russia and warned of additional sanctions. U.S. home price index showed a smaller increase in January.

Tokyo Stocks Meander, Minnano Wedding IPO Soars

Hiruki Nakamura
25 Mar, 2014
New York City

Stocks in Tokyo lacked direction and investors focused on geopolitical tensions. Minnano Wedding soared on the first day of trading and raised $47 million. Taisei and Sekisui House declined as companies work together to fix construction defects at a 30 story building in Shirokane.

Miners Lead Australian Indexes Lower, AHG Begins $115 Million Offering

Marcus Jacob
25 Mar, 2014
New York City

Australian market indexes declined in active trading and precious metals miners led the decliners. TPG Telecom Ltd surged after the company reported better than expected first-half results. Automotive Group Holdings commenced its $115 million public offering.

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