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Europe Earnings: Algeta, Daimler, Essar Energy, Saab, Serco

Nigel Thomas
19 Dec, 2013
New York City

Algeta agreed to be acquired by Bayer $2.9 billion. Daimler Benz agreed to acquire 5% stake in Aston Martin. Essar Energy plans to reduce capital expenditure. Saab won contract to supply 36 jet fighters in a deal worth $4.5 billion.

India Movers: Alstom, Adani, AIA Engineering, DLF, Power Grid, Power Grid

Mukesh Buch
19 Dec, 2013
New York City

BHEL awarded Alstom India a contract worth

Housing Starts Soar 23%, William Morris and IMG in $2.4 B Deal

Nichole Harper
18 Dec, 2013
New York City

U.S. indexes drifted lower and new home construction soared 23% in November. Building permits in the month declined 3%. Silver Lake and William Morris agreed to acquire IMG Worldwide for $2.4 billion from Forstmann Little.

Japan's November Trade Deficit Surges

Hiruki Nakamura
18 Dec, 2013
New York City

Stocks in Tokyo surged on the expectations of details of economic reform as early as this week. Japan

U.S. Movers: FedEx, General Mills, HEICO, Jabil Circuit, Lennar, VeriFone

Mukesh Buch
18 Dec, 2013
New York City

FedEx net climbed 14% and lifted its full-year outlook. General Mills net rose 1% on flat sales. HEICO net soared 25%. Jabil Circuit climbed 11%. Lennar net surged 32%. VeriFone net swung to a loss $247.7 million.

Europe Earnings: Centrica, Elektrobit, TUI, Technip, Vestas Wind, WPP

Nigel Thomas
18 Dec, 2013
New York City

Centrica sold three gas power stations to Blackstone for

Australian Dollar at 4-Month Low

Marcus Jacob
18 Dec, 2013
New York City

Australian and Asian markets closed slightly lower as investors awaited U.S. Fed decision later in the day. Australian dollar extended losses. Bega Cheese said it will not revise its offer for Warnambool Cheese. Woodside Petroleum said Browse Project would have cost at least $80 billion.

India Movers: L&T, ONGC, Tesco Plans to Acquire 50% stake in Trent

Mukesh Buch
18 Dec, 2013
New York City

Future Retail received regulatory approvals to sell 22.5% stake of its insurance business. L&T secured a $450 million order from Qatar. U.K. based retailer Tesco plans to acquire 50% stake for $110 million in Trent Limited.

U.S. Reported Inflation Measure Steady, Fed Weighs Taper Plan

Nichole Harper
17 Dec, 2013
New York City

U.S. market indexes drifted lower and the dollar edged slightly higher against the euro and the yen. Fed is scheduled to wrap up its 2-day meeting tomorrow. U.S. government

U.S. Movers: 3M, AT&T, Boeing, FactSet, KKR, Sanderson Farms

Mukesh Buch
17 Dec, 2013
New York City

3M lifted its quarterly dividend by 35%. AT&T sold its landline business in Connecticut for $2 billion. Boeing raised quarterly dividend by 50%. FactSet Research net jumped 5%. KKR agree to buy KKR Financial for $2.6 billion.

Nikkei Rebounds 0.8%, Riso Kyoiku Plunges 15%

Hiruki Nakamura
17 Dec, 2013
New York City

Indexes in Tokyo advanced for the first time in five days and the yen traded near five-year low. Japanese government budget is expected to expand at least 4.5% in the next fiscal year. Riso Kyoiku plunged 15% and the company plans to investigate possible fraud at a subsidiary.

Europe Earnings: BP, CCG, Cable and Wireless, Dixons, Rexel

Nigel Thomas
17 Dec, 2013
New York City

CGG plunged 17% after the seismic surveyor lowered its fiscal outlook. Cable and Wireless climbed on report AT&T is one of the bidders. Dixons Retail said net loss narrowed and revenue jumped 6%. Rexel slid after a major investor sold its entire 7% in the distributor.

Australian Deficit to Triple, RBA Seeks Lower Dollar

Marcus Jacob
17 Dec, 2013
New York City

Australian government deficit is expected to be three times larger than previously estimated and it will be at least three more years before the federal budget returns to surplus. Reserve Bank of Australia sought additional weakening of the Aussie dollar.

India Movers: Apollo Tyres, Alstom, HDFC, IRB Infra, JSW Steel, Zee

Mukesh Buch
17 Dec, 2013
New York City

Apollo Tyres won an appeal against Cooper Tire merger proposal. Alstom signed an agreement to sell the property in Bengaluru for Rs 120 crore. HDFC Bank declined after RBI restricted additional foreign investor stake. IRB Infra was selected as a preferred bidder in road project.

U.S. Indexes Jump 1% on Manufacturing Reports and Deals

Nichole Harper
16 Dec, 2013
New York City

U.S. indexes jumped 1% after two separate economic reports showed growing manufacturing activities. Also two large deals supported a broader market advance. LSI agreed to a $6.6 billion deal. AIG agreed to sell its aircraft leasing unit for $5.4 billion.

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