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U.S. Stocks Struggle, Forest to Buy Aptalis Pharma for $2.9 B

Nichole Harper
08 Jan, 2014
New York City

Stocks on Wall Street eased ahead of jobs report and earnings releases later in the week. Forest Labs agreed to acquire Aptalis Pharma for $2.9 billion in cash. European Union

Europe Earnings: Air France KLM, Sainsbury, Mothercare, Kion, Persimmon

Nigel Thomas
08 Jan, 2014
New York City

Air France Klm said passenger traffic in December rose 3%. Sainsbury third-quarter sales grew 2.7%. Mothercare group sales declined 6%. Goldman Sachs and KKR sold 10.8% Kion stake. Persimmon revenue in the year soared 21%.

Topix Index at 5-Year High in Tokyo, Yen Slides to 105

Hiruki Nakamura
08 Jan, 2014
New York City

The broader Topix index increased the most in five months and closed at a five-year high. The yen edged lower 0.4% for the second day in a row. Nintendo surged 11% after China lifted a decade-old ban. Seven & I jumped 6%. FamilyMart gained 3%.

Australian Job Vacancies Fall, Housing Construction Slows

Marcus Jacob
08 Jan, 2014
New York City

Australian job vacancies declined 0.3% in three months to November and dropped 14.9% from a year ago period. Residential construction recovery slowed in December. E*Trade in Australia reported annual profit.

India Movers: Videocon Sells Mozambique Gas Stake for $2.5 Billion

Mukesh Buch
08 Jan, 2014
New York City

Aban Offshore secured contract worth Rs 380 crore. Maruti said auto production in December declined 7%. Omax Autos plans to consolidate four subsidiaries. Prestige Estates sales soared 25%. Titagarh divested its entire stake in Barrackpore Enterprises.

Stocks on Wall Street Advance Ahead of Earnings Season

Nichole Harper
07 Jan, 2014
New York City

Stocks on Wall Street advanced after falling for three days in a row and the dollar gained against the Canadian dollar and the euro. U.S. trade deficit declined to a 4-year low and the Canadian trade deficit widened. German unemployment dropped and the euro-area inflation slowed.

U.S. Trade Deficit Falls to 4-Year Low

Nigel Thomas
07 Jan, 2014
New York City

U.S. trade deficit declined to the lowest since fall 2009 on falling petroleum imports and rising exports in November.

Volatile Nikkei Plunges 2.4%, Fast Retailing Drops 6%

Hiruki Nakamura
06 Jan, 2014
New York City

Nikkei in Tokyo dropped sharply and the yen continued its weakness against the dollar and the euro. Fast Retailing declined 6% on lower than expected increase in same store sales in December.

Europe Earnings: Balfour Beatty, Centamin, Legal & General, Shell

Nigel Thomas
06 Jan, 2014
New York City

Balfour Beatty won a

U.S. Movers: GE, Men's Wearhouse, Sirius XM, T-Mobile, Twitter

Mukesh Buch
06 Jan, 2014
New York City

GE agreed to acquire some business from Thermo Fisher for $1.06 billion. Men''s Wearhouse raised offer for Jos. A. Bank Clothiers. T-Mobile agreed to buy spectrum licenses from Verizon for $2.4 billion. Twitter falls on comments.

Australian Indexes Fall 0.5%, Shell to Sell Woodside Stake

Marcus Jacob
06 Jan, 2014
New York City

Australian markets indexes declined for the second day in a row and the dollar eased. Royal Dutch Shell plans to sell its remaining stake of 23.1% in Woodside Petroleum.

U.S. Movers: Schulman, Commercial Metals, IHS, Palo Alto Networks, Sonic

Mukesh Buch
07 Jan, 2014
New York City

Schulman net jumped 28%. Commercial Metals dropped 8%. IHS net declined 12%. Palo Alto Networks agreed to acquire Morta Security. Sonic net jumped 34%.

Australian Stocks Ease, Oil Refineries Face Global Competition

Marcus Jacob
07 Jan, 2014
New York City

Australian trade deficit in November narrowed on rising exports. Aussie dollar declined and stock trading was the weakest in the year so far. Sundance Energy plans to purchase additional land in Oklahoma. Nucoal Resources nearly doubled on no news.

Europe Earnings: Air Liquide, BASF, Dunelm, easyJet, Maersk, Vestas

Nigel Thomas
07 Jan, 2014
New York City

Dunelm total sales jumped 5%. easyJet said passenger count increased 3.5% in December. Maersk agreed to sell major stakes in two retail chains for

India Movers: Claris, IL&FS, L&T, MCX, Valecha Engineering

Mukesh Buch
07 Jan, 2014
New York City

Claris Lifesciences board approved share buy-back for Rs.231 crore. IL&FS and Ramky received a provisional completion certificate for a road in Andhra Pradesh. L&T secured a construction order from Saudi Aramco. Blackstone bought 2.8% stake of MCX.

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