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Market Update

Sensex at Record on Hopes for BJP Led Alliance in India

Bikram Pandey
12 May, 2014
New York City

Market indexes in Mumbai soared 5.5% in two days of trading after investors speculated BJP led alliance is likely to form the most stable government in three decade.

Gogo, Repros Therapeutics Jump; Bridgepoint Plunges

Mukesh Buch
12 May, 2014
New York City

Allergan rejected unsolicited proposal of $46 billion from Valeant Pharma. Bridgepoint Education plunged on quarterly net loss. Gogo surged after net loss narrowed. Hillshire Brands agreed to acquire Pinnacle Foods for $4.23 billion. MannKind net loss widened.

Hillshire to Buy Pinnacle Foods for $4.3 B, Allergan Rejects Valeant Offer

Devan Biswas
12 May, 2014
New York City

Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion in cash and stock. Including the debt, the deal is valued at $6.6 billion. Separately, Allergan board rejected Valeant Pharmaceutical unsolicited offer of $50 billion.

S&P 500 at New Record on Monday Deals

Nichole Harper
12 May, 2014
New York City

Tech stocks led the S&P 500 index to a new high and deal news dominated Monday trading. Allergan rejected Valeant Pharmaceutical unsolicited offer. Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion.

BSkyB, 21st Century Fox Talk Deals; Carphone, Dixon to Merge

Nigel Thomas
12 May, 2014
New York City

Alstom secured a

Record Low Current Acocunt Surplus in Japan

Hiruki Nakamura
12 May, 2014
New York City

The Ministry of Finance said Japan

Yen in Tokyo Gains; Astella, Nissan, Olympus, Toyo Fire & Rubber

Hiruki Nakamura
12 May, 2014
New York City

Japan

Thin Trading in Australia, G8 Education Raises $150 Million in Singapore

Marcus Jacob
12 May, 2014
New York City

Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.

India Movers: Blue Dart, Balrampur, Corporation Bank, Indian Bank, Torrent

Mukesh Buch
12 May, 2014
New York City

Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.

ArcelorMittal, Dril-Quip, Ralph Lauren, Ubiquiti Networks Decline

Mukesh Buch
09 May, 2014
New York City

ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.

Omnicom and Publicis Abandon $35 Billion Merger

Bikram Pandey
09 May, 2014
New York City

New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.

India's Exports, Imports and Trade Deficit Shrink

Devan Biswas
09 May, 2014
New York City

April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.

Europe Earnings: Publicis, Petrofac, Telefonica, Tullett Prebon, Vestas Wind

Nigel Thomas
09 May, 2014
New York City

Publicis and Omnicom mutually agreed to terminate their $35 billion proposed merger. Petrofac plunged after weak forecast. Telefonica net tumbled 23% to

U.S. Small Cap Stocks Extend Losses to 9%, Deal Talks Dominate Trading

Nichole Harper
09 May, 2014
New York City

U.S. stocks struggled to rise above flat lines as deal talks dominated markets sentiment. Apple is in talks to acquire Beats Electronics for as much as $3 billion. Omnicom Group and Publicis Groupe abandoned $35 billion merger.

Apple and Beats Electronics Talk $3 Billion Deal

Bikram Pandey
09 May, 2014
New York City

Apple Inc in is in talk to acquire Beats Electronics for as much as $3 billion that will include its headphone business and musich service division. The Beats deal will be the largest acqusition in Apple''s history.