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Sensex in India Advances Most in 5 Weeks, LIC Increases Hindalco Stake

Mukesh Buch
19 Jun, 2015
New York City

Adani Power said IDBI Trusteeship Services Limited acquired 6.44% shares in the company. LIC increased its stake in Hindalco to 13%. L&T secured an orders worth ₹2,278 crore from various business in May and June.

Airbus Wins 110 Jet Plans Order, Fidelity Bids

Nigel Thomas
19 Jun, 2015
New York City

Airbus secured an order worth $15.6 billion for 110 jet planes. Bayer plans to invest

Wall Street Marches On, Fitbit Soas 50% on Debut

Nichole Harper
18 Jun, 2015
New York City

Market indexes on Wall Street advanced and extended weekly gains after jobless claims dropped to nearly 15-year low and the consumer price index increased at the fastest pace in two years. Fitbit completed its initial public offering to raise $732 million and stock soared 50%.

Markets in Japan and Asia Sold Off After Fed Statement

Hiruki Nakamura
18 Jun, 2015
New York City

Stocks in Tokyo and in Asia sold off after the latest statement from the U.S. Federal Reserve suggested rates may rise in a gradual fashion later in the year. Monex Group declined after operating revenues fell in May.

Australian Indexes Drop 1% on U.S. Rate Worries

Marcus Jacob
18 Jun, 2015
New York City

Market indexes in Australia dropped more than 1% after the U.S. Federal Reserve statement suggested rates are likely to rise later in the year. Banks led the decliners. Ten Network dropped 12%. Woolworths declined for the second day in a row.

Clarcor, Kroger Rise; Bankrate, Jabil Circuit, Oracle, Rite Aid Fall

Mukesh Buch
18 Jun, 2015
New York City

Bankrate net climbed 20%. Clarcor net jumped 11%. Jabil Circuit net plunged 62% but revenues soared 15%. Kroger profit rose 2%. Oracle net declined 22% on 5% decrease in revenues. Pier 1 Imports net plummeted 54%. Rite Aid net tumbled 54.6%.

Europe Movers: Bilfinger, Credit Agricole, Poundland, Telecom Italia, SAS

Nigel Thomas
18 Jun, 2015
New York City

Bilfinger plunged on weak fiscal outlook. Credit Agricole and Societe Generale plans to launch initial public offering for Amundi. Telecom Italia to sell Italiane and raise up to

Sensex Jumps 1.1%, ONGC in $400 M Expansion in Kazakhstan

Mukesh Buch
18 Jun, 2015
New York City

Indexes in India rose bucking the downtrend in Asia after the U.S. Federal Reserve indicated gradual increase in rates. ONGC plans to invest up to $400 million in Kazakhstan. Bharti agreement with Africa-based Helios Tower to sell its tower assets in Tanzania and Chad are cancelled.

Wall Street in Holding Pattern Ahead of Fed Statement

Nichole Harper
17 Jun, 2015
New York City

U.S. stocks were in holding pattern ahead of rate decision this afternoon from the Fed. Fed fund rates, bank rates for other banks, reached a two-year high of 0.14% average. California State

Trade Deficit in Japan Plunges, Toyota Shareholders Approve $4 B Offering

Hiruki Nakamura
17 Jun, 2015
New York City

Nikkei average in Tokyo increased and the yen held firm ahead of the U.S. Fed

Adobe, La-Z-Boy Net Soar; FedEx Net Swings to Loss

Mukesh Buch
17 Jun, 2015
New York City

Allergan agreed to acquire Kythera Biopha for $2.1 billion. Actuant net tumbled 25% on 15% decline in revenues. Adobe net soared 67%. Bob Evans net plunged 57%. FedEx net swung to a loss. La-Z-Boy net soared 66%.

Berkeley, Betfair, Remy Cointreau Profit Surge; Keysight to Buy Anite

Nigel Thomas
17 Jun, 2015
New York City

Berkeley profit surged 45% on 31% increase in revenues. Betfair net jumped 69% to

Australian Indexes Gain, Woolworths CEO Retires

Marcus Jacob
17 Jun, 2015
New York City

Australian market indexes opened higher following strong lead from international markets and ahead of the U.S. Fed rate decision later today. Woolworths Limited said chief executive Grant O

Sensex in India Jumps; Adani, Essar in Talks to Merge Power Transmission

Mukesh Buch
17 Jun, 2015
New York City

Central government is expected to hike import duty on steel products. Essar Power Transmission is in merger talks with Adani. TCS and IBM are in a race to win Sweden-based AB Volvo''s IT outsourcing contract worth about $500 million.

Ahead of Fed Decision Wall Street Positive on Deals, Coty Soars 17%

Nichole Harper
16 Jun, 2015
New York City

Market indexes on Wall Street advanced ahead of Fed statement tomorrow and rising merger activities. Coty Inc soared 18% after the company acquired beauty business portfolio from Procter & Gamble. Housing starts plunged but permits soared 11%.

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