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KKR Acquires Internet Brands for $1.1 B

Mukesh Buch
03 Jun, 2014
New York City

U.S. auto sales increased 11% in May and Chrysler sales in the month surged 17%, Ford sales rose 3% and GM sales jumped 13%. Toyota sales soared 17%. KKR agreed to buy Internet Brands $1.1 billion.

KKR and CVC Plan to Acquire Holcim and Lafarge Units

Mukesh Buch
04 Jun, 2014
New York City

ABM Industries net declined 21% but revenue increased 5%. Ambarella net jumped 6% but sales soared 21%. Ascena Retail net rose 3% after sales edged up. Cyberonics profit surged 60% and revenue climbed 9%.

Europe Earnings: Dufry, Lafarge, Repsol, Tesco, Volkswagen

Nigel Thomas
04 Jun, 2014
New York City

Dufry agreed to acquire Nuance Group for 1.55 billion Swiss francs. Lafarge will merge its South Africa unit with Lafarge Wapco. Pemex sold its 7.9% stake in Repsol worth

U.S. Trade Gap at a 2-year High in April

Mukesh Buch
04 Jun, 2014
New York City

U.S. exports declined 0.2% to $193.3 billion in April, a decline of $300 million from March and imports increased 1.2% or $2.7 billion to $240.6 billion, the Commerce Department said today.

U.S. and Global Markets Await ECB Action

Nichole Harper
04 Jun, 2014
New York City

U.S. stocks traded sideways and a measure of productivity showed a sharp decline in the first quarter. U.S. trade deficit widened to a 2-year high on higher imports of foods, auto, electronic products and crude oil.

Europe Earnings: Pennon Group, Tesco, Wolseley

Nigel Thomas
03 Jun, 2014
New York City

Pennon Group profit surged to

Tokyo Stocks in Longest Rally in Five Years

Hiruki Nakamura
04 Jun, 2014
New York City

Stocks in Tokyo closed higher for the tenth day in a row in a longest rally in five years as investors focused on rising dollar and the monetary stimulus in Europe. Dai-ichi Life confirmed the purchase of U.S. based protective Life for $5.7 billion.

Australian GDP Growth Accelerates, Stocks Close Lower

Marcus Jacob
04 Jun, 2014
New York City

Australian investors focused on the stimulus announcement from the European Central Bank tomorrow. Australian GDP rose at the fastest pace in two years but economists warned the recent decline in iron ore price will impact the economic data in the next quarters.

India Movers: Maruti, NFL, Orbit Corp, Sequent Scientific, Trent, Tata Steel

Mukesh Buch
04 Jun, 2014
New York City

Maruti Suzuki production in May jumped 20%. NFL climbed after net loss narrowed as net sales surged 73%. Trent said Tesco completed its stake acquisition in Trent Hypermarkets.

U.S., European Markets Struggle; Asian Markets Advance

Nichole Harper
03 Jun, 2014
New York City

U.S. stocks opened lower and the European Central Bank is considering additional liquidity measures to arrest the risks of negative price spiral. Asian markets closed higher as U.S. indexes closed up 2% in May, fourth monthly increase in a row. Factory orders rise slows to 0.7% in April.

Euro Zone Inflation Dips to 0.5%

Nigel Thomas
03 Jun, 2014
New York City

The euro zone inflation stayed below 1% for the eighth month in a row as the central bank mulls additional conditional liquidity measures for banks. The inflation index fell to 0.5% rate in May from 0.7% in April, the Eurostat said in Luxembourg today.

Japan Stock Rally Extends to 9th Day on GPIF Report

Hiruki Nakamura
03 Jun, 2014
New York City

Stocks in Japan extended gains for the ninth day in a row and the yen eased. The government pension fund report notes were seen as a boost to Japanese equities. Market indexes in Asia closed higher.

Australia Holds Rates as Current Account Deficit Shrinks

Marcus Jacob
03 Jun, 2014
New York City

Australia left its interest rate at record low 2.5% and current account deficit fell after a surge in iron ore and coal exports in the last quarter. RBA also noted high value of Aussie despite the sharp fall in coal and iron ore prices. Retail sales in April declined 0.2%.

India Movers: Ashok Leyland, Eicher Motors, Tata Motors, Zee

Mukesh Buch
03 Jun, 2014
New York City

Ashok Leyland total sales in May declined 9%. Adhunik Industries net soared 54% on 32% drop in sales. Dr Datsons Labs net loss narrowed. Eicher Motors sales surged 86% and export climbed. Tata Motors total sales plunged 24%.

Broadcom, Conn

Mukesh Buch
02 Jun, 2014
New York City

Conn

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