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Market Update

India Movers: Alstom India, IDBI, IRB Infra, NTPC

Mukesh Buch
09 Jun, 2014
New York City

IDBI Bank plans to raise $680 million through a public offering. IRB Infra executed an agreement for a four-lane highway project. NTPC invited bids for thermal project of Rs 7,000 crore.

Hurco, Men's Wearhouse, VeriFone, Vail Resorts Jump; Hertz, Thor Drop

Mukesh Buch
06 Jun, 2014
New York City

Cooper net jumped 5%. Hertz restated financial results for the past three years. Men''s Wearhouse net tumbled 50%. Piedmont Natural Gas net climbed 12%. Thor profit surged 26%. VeriFone climbed after net loss narrowed as revenue jumped. Vail Resorts net soared 21%.

U.S. Economy Regains Jobs Lost in Recession, Jobless Rate at 6.3%

Mukesh Buch
06 Jun, 2014
New York City

U.S. employers, private and government, added net 217,000 jobs in May and unemployment rate was unchanged at 6.3%, Labor Department said today.

U.S. Stocks Rise on Empoyment Report

Nichole Harper
06 Jun, 2014
New York City

Stocks on Wall Street advanced and tech stocks led the gainers. Unemployment rate in May held at 6.3% and employers added more than 200,000 jobs for the fourth month in a row.

Europe Movers: Associated British Foods, Fuller, Smith, Game Digital, KCOM

Nigel Thomas
06 Jun, 2014
New York City

Associated British Foods agreed to acquire Dorset Cereals brand from Wellness Foods. Fuller, Smith profit jumped 4% to

Third Weekly Gain in Japanese Stocks, Dentsu, Mitsui in Focus

Hiruki Nakamura
06 Jun, 2014
New York City

Stocks in Tokyo advanced for the eleventh day in a row and the yen held above 102 level following additional monetary measures in the euro zone. Dentsu reported a sharp jump in revenues in May. Mitsui & Company plans to build a 2,000 mw coal-fired power plant in Malaysia.

Australian Stocks and Dollar Advance, Construction Index Gains

Marcus Jacob
06 Jun, 2014
New York City

Australian stocks closed higher following additional stimulus measures in the euro zone and Bank of England left its key lending rate on hold. Aurizon and Insurance Australia Group inched closer to their acquisition targets.

India Movers: Bombay Rayon, Jindal, Jocil, Precot Meridian, Vadilal

Mukesh Buch
06 Jun, 2014
New York City

Bombay Rayon net surged 165% but sales declined 12%. Jindal Steel & Power plans to invest Rs 5,600 crore to expand its steel capacity. Jocil profit climbed 188%. Sakthi Finance net dropped 6%. Precot Meridian net plunged 54%. Vadilal net loss narrowed.

ECB in Historic Step Lowered Deposit Rate to Negative

Nigel Thomas
05 Jun, 2014
New York City

European Central Bank took a historic step and offered negative interest rate and other non-traditional measures to spur the euro zone economy.

Ciena, Smucker, Joy Global, Verint Climb; PVH Declines

Mukesh Buch
05 Jun, 2014
New York City

Ciena surged after net loss narrowed and sales increaed 10%. J.M. Smucker net and revenue declined. Joy Global net tumbled 59% and sales plunged 32%. Navistar net loss narrowed. PVH net swung to profit. UTi Worldwide loss widened. Verint net swung to profit.

U.S. Indexes Advance on ECB Liquidity Measures

Nichole Harper
05 Jun, 2014
New York City

Stocks on Wall Street gained after European Central Bank unveiled historic measures to revive flagging economy. European markets traded near six-year highs. Softbank is nearing a deal to acquire T-Mobile US Inc for $40 billion.

Europe Earnings: Asos, easyJet, Lloyds, Smith & Nephew, Wincanton

Nigel Thomas
05 Jun, 2014
New York City

Asos tumbled despite total revenue soared 26% to

Japan Rally Extends to Tenth Day, Softbank in Focus

Hiruki Nakamura
05 Jun, 2014
New York City

Softbank is nearing a deal to merge its U.S. based Sprint Corp with T-Mobile US Inc. At $40 a share, T-Mobile is valued at $31 billion and after the merger, Deutsche Telekom will control 15% stake in the merged wireless carrier.

Australian Stocks Ease, Oil Search Lifts Annual Production Outlook

Marcus Jacob
05 Jun, 2014
New York City

Australian stocks traded lower and the Aussie dollar held firm near its high in the year so far. Oil Search lifted its annual production outlook. Graincorp Ltd plans to invest $200 million to enhance storage network.

Idea Cellular in India to Raise $500 million

Mukesh Buch
05 Jun, 2014
New York City

Idea plans to raise $500 million through a stock offering. Jagran Prakashan net soared 51%. M D Overseas net swung to a loss. Piramal acquired 10% stake in Shriram City Union Finance. SML Isuzu May sales jumped.