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Canada Based Saputo Lifts Bid for Australian Warrnambool

Marcus Jacob
15 Nov, 2013
New York City

Australian markets and dollar eased and the three-way bidding for WCB heated up. Canadian dairy company Saputo lifted its unconditional offer to $9 a share for WCB. Freelancer Ltd vaulted as high as four-fold on its first day of trading.

U.S. Indexes in Record Territory on Yellen Comments

Nichole Harper
14 Nov, 2013
New York City

U.S. indexes extended gains and S&P 500 index advanced to a record. For the year so far, the S&P 500 index is up 25.4%. European markets jumped 1% after investors surmised Federal Reserve to keep in place its large bond buying program. Starbucks agreed to pay $2.79 billion in damages to Kraft.

Japan GDP Growth Slows to 1.9% Rate; Mizuho, Mitsubishi UFJ Net Rise

Hiruki Nakamura
14 Nov, 2013
New York City

Japan

U.S. Movers: Cisco, Dillard's, Kohl

Mukesh Buch
14 Nov, 2013
New York City

Cisco net dropped 5%. Helmerich & Payne net surged 69%. Kohl

Australian Indexes Up 0.7%, James Hardie Net Doubles

Marcus Jacob
14 Nov, 2013
New York City

Australian indexes gained and the Aussie dollar eased to a new eight-week low. Optus Telecom said aggressive cost cutting lifted quarterly net by 33%. Virgin Australia launched $350 million equity offering. James Hardie net doubles of U.S. sales improvements. Bega Cheese Sweetens WCB offer.

Europe Earnings: BNP Paribas, Bouygues, Burberry, EADS, K+S, Nordex

Nigel Thomas
14 Nov, 2013
New York City

BNP Paribas to acquire 25% stake in Fortis Bank for

India Movers: Cipla, Coal India, HCL, ONGC, RECL, Sun Pharma, Tata

Mukesh Buch
14 Nov, 2013
New York City

Cipla net plunged 27% but revenue jumped 14%. Coal India net slid. HCL net surged 42%. IRB Infra dropped 12%. ONGC profit grew 3%. RECL net jumped 16%. Sun Pharma net surged. Tata Steel and Tata Power net swung to profit.

Japanese Machinery Orders Fall; Pioneer, Seiko Soar

Hiruki Nakamura
13 Nov, 2013
New York City

Market indexes in Tokyo declined and the yen rebounded after a 3-day decline. Machinery orders declined more than expected 2.1% in September. Seiko Holdings soared 9% after the watchmaker lifted its annual net outlook. Pioneer Corp vaulted 22% after the car stereo maker swung to operating profit.

U.S. Movers: CAE, Macy

Mukesh Buch
13 Nov, 2013
New York City

CAE net jumped 6%. Macy

Australian Indexes Drop 1.4%, Earnings Focus on CSR and Leighton

Marcus Jacob
13 Nov, 2013
New York City

Australian market indexes dropped 1.4% and resource stocks led the decliners. The Aussie dollar eased to an eight-week low as the strong U.S. dollar weighed on most international currencies. CSR net profit doubled. Leighton Holdings net soared 40%.

Europe Earnings: Drax, Fenner, ICAP, Sainsbury, LSE, SSE

Nigel Thomas
13 Nov, 2013
New York City

Fenner profit plunged 21% and ICAP tumbled 62%. Sainsbury profit climbed 9% after sales jumped 4%. LSE net declined 19% but revenue soared 44%. SSE profit surged.

India Movers: BPCL, GMR Infra, M&M, RCapital, RCom, SBI

Mukesh Buch
13 Nov, 2013
New York City

Bharat Petroleum net tumbled 82%. Bata India net soared 17%. CARE net jumped 6%. GMR Infrastructure net loss widened on a slight increase in sales. M&M net climbed 10%. RCapital net profit surged and RCom net soared to Rs 675 crore on a one-time gain. SBI net plunged 35%.

U.S. Movers: Core-Mark, Dish Network, Dean Foods, NuStar Energy, ViaSat

Mukesh Buch
12 Nov, 2013
New York City

Core-Mark Holding climbed 17%. Dish Network net swung to profit as subscriber-related revenue jumped 6%. Dean Foods net soared to $415 million on flat revenues. NuStar Energy and ViaSat net swung to a profit.

Stocks on Wall Street Waver, China to Deepen Economic Reforms

Nichole Harper
12 Nov, 2013
New York City

U.S. stocks traded sideways and investors shifted attention to speeches by Fed policy makers. World markets were cautious and Chinese leaders concluded its four-day annual meeting to set the pace for a new round of economic reforms. Inflation in India perked up but in the U.K. fell.

Europe Earnings: Infineon, Norsk Hydro, Pandora, Talktalk

Nigel Thomas
12 Nov, 2013
New York City

Infineon Technologies net surged 84%. Norsk Hydro said Vale sold its 22% stake valued $1.8 billion. Oxford Instruments profit jumped 18%. Pandora net profit surged 61%. Talktalk profit tumbled 90%. Vodafone net swung to

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