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India Movers: Ashok Leyland, Airtel, Financial Tech, HMT, Paper Products

Mukesh Buch
19 Feb, 2014
New York City

Ashok Leyland plans to divest non-core assets to reduce debt burden. Financial Tech gained after Tech Mahindra may take a stake in the company. HMT surged after government approved restructuring plan. Paper Products net surged 66%.

U.S. Stocks Meander on Weak New York Region, Home Builder Indexes

Nichole Harper
18 Feb, 2014
New York City

U.S. market indexes struggled and a $25 billion deal between Forest Lab and Actavis dominated market sentiment. Coca-Cola declined after revenues and earnings declined. Home builders fell. Kansas City Southern dropped 6% after a legislation in Mexico proposed opening railroad transportation market.

Actavis Offers $25 Billion for Forest Laboratories

Mukesh Buch
18 Feb, 2014
New York City

Coca-Cola net fell 8% and revenue dropped 4%. Duke Energy net surged 51% and revenue climbed 25%. Forest Laboratories agreed to be acquired by Actavis for cash and equity. Genuine Parts net dropped 6%. Medtronic net plunged 23%. Waste Management net swung to a loss.

Europe Earnings: Casino Guichard, IHG, John Wood, MTU Aero, Pandora

Nigel Thomas
18 Feb, 2014
New York City

Casino Guichard net declined 19% to

Nikkei Soars 3% After BOJ Offers Loosens Lending Program Terms

Hiruki Nakamura
18 Feb, 2014
New York City

Bank of Japan in a surprise move improved on the margin its two small private sector lending program to increase growth in loans. The move surprised investors and the Nikkei surged 3%.

BHP Billiton Cost Focus Lifts Net, Australian Rate Outlook Stable

Marcus Jacob
18 Feb, 2014
New York City

Reserve Bank of Australia indicated in the latest statement that interest rate may remain stable in the near term and the Aussie dollar traded above 90 U.S. cents. BHP Billiton first-half revenues increased 5.6% and net surged 83% on cost cutting and shelving capital spending.

India Movers: ABB India, Bharti Airtel, Castrol, GSK, Gujarat Pipavav

Mukesh Buch
18 Feb, 2014
New York City

ABB India net and revenue climbed. Bharti Airtel agreed to acquire Loop Mobile for Rs 300 crore. Castrol India profit and sales jumped 7%. GSK Pharma profit declined 16%. Gujarat Pipavav net surged 114% and revenue soared 22%.

Japan's Economic Growth Lags Expectations Ahead of Sales Tax Hike

Hiruki Nakamura
17 Feb, 2014
New York City

December quarter economic growth in Japan was 0.3% from the previous quarter and the economy expanded at annual pace of 1%. The yen gained. The sharply lower growth was worrisome to economists as the nation faces higher sales tax from April 1.

Europe Earnings: Essar Energy, Fidessa, Hammerson, MorphoSys, SGL

Nigel Thomas
17 Feb, 2014
New York City

Essar Energy received takeover offer worth

Australian Markets Extend Gains; Australand, Aurizon Lift Dividend

Marcus Jacob
17 Feb, 2014
New York City

Australian market indexes extended gains and resource stocks led the advance. New car sales in January declined 3.5% to 93,232 on broad weakness in the market. Aurizon Holdings Limited said first-half net declined but doubled its dividend. Australand Property full-year profit declined 25%.

India Movers: ABG Shipyard, Allcargo, DLF, MMTC, MTNL, SAIL, Suzlon

Mukesh Buch
17 Feb, 2014
New York City

ABG Shipyard net swung to a loss. Allcargo jumped after profit and sales climbed. DLF slid after net and revenue jumped. MMTC net swung to a loss. MTNL net swung to a profit. Punj Lloyd net swung to a loss. SAIL profit jumped 10%. Suzlon Energy net loss narrowed.

U.S. Indexes Extend Weekly Rise, Rakuten to Buy Viber for $900 Million

Nichole Harper
14 Feb, 2014
New York City

U.S. stocks advanced and investors views the latest economic data with caution as inclement weather affects economic activities. Industrial output in January unexpectedly declined 0.8% and U.S. consumer confidence was better than expected this month. Rakuten to pay $900 million for Viber Media.

Euro Zone GDP Rises 0.3%, Schindler and ThyssenKrupp in Focus

Devan Biswas
14 Feb, 2014
New York City

Stocks reacted to earnings and economic news in the euro zone region. The economy in the region advanced at a faster than expected pace led by Germany and France. Schindler AG declined 1% on a fall in annual net. ThyssenKrupp soared 4% on better than expected operating earnings.

Jos. Bank to Buy Eddie Bauer; GNC, Weight Watchers Plunge

Nigel Thomas
14 Feb, 2014
New York City

GNC plunged after the vitamin supplement retailer reported less than expected quarterly earnings. Weight Watchers International tumbled 26% after the diet food purveyor lowered earnings outlook. Jos. A. Bank agreed to acquire Eddie Bauer for $825 million.

Australian Housing Loans Gains 1%, Rio Swings to Annual Net Profit

Marcus Jacob
14 Feb, 2014
New York City

Australian market indexes advanced 0.9% on Friday and soared nearly 3% in the week. Total housing loans increased 1% in December in Australia but fell 1.5% when adjusted for seasonal factors. Rio Tinto swung to profit on record output. Newcrest Mining net plunged on write downs and $120 million tax.

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