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UTV Media, WPP Net Surge; Antofagasta, Petrofac Net Plunge

Nigel Thomas
26 Aug, 2014
New York City

Antofagasta net plunged 16% after revenue declined 4%. Petrofac profit tumbled 44% and revenue plunged 11% but backlog surged 35% to $20 billion. Regus declined 5% to

Market Indexes in Japan Inch Closer to Erasing Yearly Losses

Hiruki Nakamura
26 Aug, 2014
New York City

The Topix and Nikkei indexes in Tokyo declined and the yen eased after rising for two weeks in a row. Nikkei slipped 0.6% and the Topix eased 0.5%. E-Seikatsu, the cloud services provider said quarterly net surged.

Australian Indexes Trim Losses Ahead of CapEx Data

Marcus Jacob
26 Aug, 2014
New York City

Australian market indexes trimmed losses and weaker commodities prices dragged resource stocks for the second day in a row. Investors awaited the release of capital expenditure data tomorrow after March quarter spending decreased 4.2%.

Suzlon Energy Plans $700 M Bond Offering, Havells to Split Stock

Mukesh Buch
26 Aug, 2014
New York City

Havells India surged after announcing a stock split for 1-for-5. L&T signed a contract in Bangladesh for Rs 1,210 crore. Suzlon Energy plans to raise Rs 4,000 crore through the foreign currency convertible bonds. Shree Cement net dropped. Tech Mahindra gained on higher outlook.

Roche Agrees to Acquire InterMune for $8.3 B, LSE Profit Surges

Nigel Thomas
25 Aug, 2014
New York City

Atlas Mara agreed to acquire 50.1% controlling stake in the Africa based BancABC. London Stock Exchange profit surged 64% to

Ann Surges on Takeover Speculation, Roche and InterMune in a Deal

Mukesh Buch
25 Aug, 2014
New York City

Ann Inc soared 6% on takeover speculation. Burger King is in talks to acquire Canada-based doughnut-and-coffee chain Tim Hortons. Goldman Sachs agreed to settle mortgage-backed securities in $1.2 billion. Roche agreed to acquire InterMune Inc for $8.3 billion in cash.

S&P 500 Nears 2,000 and European Markets Await Stimulus Measures

Nichole Harper
25 Aug, 2014
New York City

U.S. market indexes traded higher and European markets advanced. ECB President Mario Draghi signalled willingness to announce more monetary steps to revive economic growth in the euro zone. The euro traded lower and French government collapsed.

Supreme Court Deems Coal License Illegal in India

Mukesh Buch
25 Aug, 2014
New York City

Alstom T&D India secured a contract worth

Burger King in Merger Talks with Tim Hortons

Devan Biswas
25 Aug, 2014
New York City

Burger King Worldwide Inc., the second largest U.S. fast food chain, is in talks to acquire Canada based Tim Hortons Inc and move its headquarters to Canada and take advantage of lower-tax country.

European Rates Drop and German Yield Turn Negative

Nigel Thomas
25 Aug, 2014
New York City

European markets closed higher after European Central Bank President Mario Draghi signalled more quantitative easing steps and France overhauled cabinet after the government collapsed.

Topix in Tokyo Extends 2-week Gains, Chugai Pharma Drops 9%

Hiruki Nakamura
25 Aug, 2014
New York City

Market indexes in Tokyo extended two-week gains and the Topix index is close to erasing its loss in the year-so-far. Chugai Pharma dropped 9% after Roche decided not to bid for the remaining 40% stake. Press Kogyo reported better than expected sales.

Aussie Dollar at New Yearly High Against Euro, Iron Ore at 2-month Low

Marcus Jacob
25 Aug, 2014
New York City

Australian indexes turned lower from six-year highs and the Aussie dollar closed at a new yearly high against the euro. Resource stocks were lower after iron ore prices declined to a two-month low and Moody

S&P 500 Gains 1.7%, Global Markets Struggle

Nichole Harper
22 Aug, 2014
New York City

Stocks on Wall Street advanced and the S&P 500 index is set to gain the most since April. Dynegy agreed to acquire 12,500 megawatts of coal and gas power plants for more than $6 billion.

Dynegy Acquires Power Plants for $6.3 B; Gap, Ross, Salesforce Jump

Mukesh Buch
22 Aug, 2014
New York City

Dynegy agreed to acquire coal and gas assets from Duke Energy and Energy Capital Partners for $6.3 billion. Foot Locker net soared 39%. Gap profit jumped 10%. Hibbett Sports net plunged 20%. Nordson fell 2%. Ross Stores net soared 12%. Salesforce.com net swung to a loss.

LSE to Raise

Nigel Thomas
22 Aug, 2014
New York City

Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of

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