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Market Update

U.S. Movers: Amgen, Anadarko, BATS Global, TMS Intl, Wasserstein

Mukesh Buch
26 Aug, 2013
New York City

Amgen agreed to acquire Onyx Pharmaceuticals for $10.5 billion in cash. Anadarko sold its 10% stake in Mozambique oil field to India based ONGC Videsh for $2.64 billion in cash. TMS International agreed to be acquired by Pritzker Organization for $1 billion in cash.

Amgen Lifts Onyx Bid to $10.4 Billion; DirectEdge and BATS to Merge

Nichole Harper
26 Aug, 2013
New York City

U.S. stocks extended gains and durable goods orders declined 7.3% in July. Amgen lifted its bid to $10.4 billion for Onyx. DirectEdge and BATS agreed to merge creating the second-largest stock exchange operator in the U.S. Anadarko sold 10% stake in Mozambique oil field to India controlled ONGC.

Europe Earnings: AstraZeneca, ING, Telefonica

Nigel Thomas
26 Aug, 2013
New York City

AstraZeneca agree to buy U.S. based Amplimmune for $500 million. ING sold its 90% stake of its South Korean business for

Sales Tax Decision Awaited in Japan, Real Estate Stocks Gain

Hiruki Nakamura
26 Aug, 2013
New York City

Stocks in Tokyo closed lower in choppy trading as investors awaited more reforms and clarity on the widely expected and unpopular move to increase sales tax. Builders and real estate companies were in focus ahead of Summer 2020 Olympics meeting in two weeks.

Australian Earnings in Focus; M2 Lifts Outlook, Losses at Boart Longyear

Marcus Jacob
26 Aug, 2013
New York City

Australian resource stocks closed higher after gold touched a 3-month high. Earnings were in focus and Boart Longyear swung to a loss. Caltex Australia reported bumper first-half profit. M2 Telecom Group lifted full-year outlook. NIB Holdings annual net eased.

India Movers: GAIL, HPL, IDFC, Jindal, McNally, ONGC

Mukesh Buch
26 Aug, 2013
New York City

GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.

Nikkei in Tokyo Jumps 2.2% on Weaker Yen

Hiruki Nakamura
23 Aug, 2013
New York City

Nikkei index in Tokyo jumped 2.2% and electronics makers and automobile companies led the gainers as the yen declined to one-month low. Tokyo Electric Power declined 5% after the government demanded secured water tanks to store radioactive water.

Australian Earnings Lift Indexes; Crown, Lend Lease, Mirvac, Sims in Focus

Marcus Jacob
23 Aug, 2013
New York City

Stocks in Australia closed higher and investors digested a flood of earnings. Billabong received a revised takeover offer from a consortium of investors. Crown Limited said annual net income increased 23%. Lend Lease annual income increased 10%.

U.S. Movers: Autodesk, Dollar Tree, Gap, Nordson, Ross Stores

Mukesh Buch
23 Aug, 2013
New York City

Autodesk net slid 4% and sales fell 1%. Dollar Tree net jumped 5% and Foot Locker net climbed 12%. Gap net surged 20%. Nordson profit fell 3% but sales jumped 6%. Ross Stores net climbed 17%.

Europe Earnings: Afren, Bachem, Flsmidth

Nigel Thomas
23 Aug, 2013
New York City

Afren profit tumbled 21.1% but revenue grew. Bachem net surged 43% to 10.4 million francs as sales climbed 7%. Flsmidth said profit for the quarter plunged 36% as order intake declined 22% but revenue jumped 14% and the company lowered its fiscal outlook.

India Movers: Bajaj, Hexaware, NHPC, Reliance Infra, Sun Pharma

Mukesh Buch
23 Aug, 2013
New York City

Bajaj Corp agreed to acquire Nomarks to enter skin care market. Baring Private Equity acquired 42% stake of Hexaware for $400 million. NHPC plans to buy back shares worth Rs 1,600 crore.

U.S. Movers: Abercrombie, Buckle, Cato, Sears, Hewlett-Packard, Semtech

Mukesh Buch
22 Aug, 2013
New York City

Abercrombie & Fitch net plunged 33% and Buckle net slid 2%. Cato net swung to a loss. Children''s Place and Sears Holdings net loss widened. Hormel Foods net fell 1% to $113.6 million. Hewlett-Packard swung to a profit $1.4 billion.

U.S. Stocks Advance on Jobless Claims, Manufacturing Reports

Nichole Harper
22 Aug, 2013
New York City

U.S. stocks advanced after manufacturing reports at home and in China showed an advance. Initial jobless claims rose 13,000 but 4-week average declined. Sears net loss widens and Abercrombie net plunged 33%. HP net swung to quarterly profit.

Europe Earnings: Carillion, IMI, Premier Oil, Rockhopper

Nigel Thomas
22 Aug, 2013
New York City

Carillion profit soared 9% and agreed to acquire Analytical Flow Products for

Nikkei Trims Early Losses on China Data and Weaker Yen

Hiruki Nakamura
22 Aug, 2013
New York City

Stocks in Tokyo closed lower and in weak trading volume and investors focused on improving manufacturing data from China and ongoing concern about the early withdrawal of stimulus in the U.S.