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Charter to Buy Bright House for $10.4 B; Endurance to Acquire Montpelier

Mukesh Buch
31 Mar, 2015
New York City

Charter agreed to acquire Bright House for $10.4 billion. CBRE agreed to buy Johnson Controls

Bertelsmann, Kingfisher Profit Decline; Yoox to Merge with Net-a-Porter

Nigel Thomas
31 Mar, 2015
New York City

Bertelsmann profit declined 19% to

Nikke in Tokyo Down on Quarterly Adjustments

Hiruki Nakamura
31 Mar, 2015
New York City

On the final day of the quarter, investors in Japan sold positions to adjust portfolio allocation and the weak auto production report weighed on the market sentiment. Passenger car production declined for the eighth month in a row in February.

Australian Indexes Reverse on China Stimulus Hopes

Marcus Jacob
31 Mar, 2015
New York City

Australian market indexes reversed a week-long slump on the hopes that the Bank of China will follow through and provide additional monetary stimulus. Touchcorp, Genetic Signatures and OtherLevels completed public offerings.

Ashok Leyland Focuses on Debt Reduction, Tiger Trims Just Dial Stake

Mukesh Buch
31 Mar, 2015
New York City

Ashok Leyland sold its loss making subsidiary in Europe. Tiger Global lowered its stake in Just Dial and raised $48 million. Larsen & Toubro received contract for about ₹1,432 crore from the Ministry of Defence. Pidilite agreed to acquire 70% stake in Mumbai-based Nina Waterproofing.

On Merger Monday Market Indexes on Wall Street Surge 1%

Nichole Harper
30 Mar, 2015
New York City

Merger Monday lifted market indexes on Wall Street and the talks of additional stimulus in China also bolstered indexes in Asia. However, in Europe indexes struggled after Greek bailout plan was deemed inadequate by international lenders.

UnitedHealth to Buy Catamaran for $13 B, Intel in Talks with Altera

Mukesh Buch
30 Mar, 2015
New York City

AAR net net swung to a loss. Cal-Maine profit surged. Intel is in talks to acquire Altera for about $10 billion. Horizon Pharma agreed to acquire Hyperion Therapeutics for $1.1 billion. UnitedHealth agreed to acquire Catamaran for about $12.8 billion.

Nikkei in Japan Advances, Fujifilm Offered to Buy Cellular Dynamics

Hiruki Nakamura
30 Mar, 2015
New York City

Stocks in Japan jumped and the traded near 120 level against the dollar. Industrial production declined in February by 3.4%. Fujifilm Holdings offered to acquire the U.S. based Cellular Dynamics for $307 million in cash.

Dufry in

Nigel Thomas
30 Mar, 2015
New York City

Dufry agreed to acquire majority stake in the rival World Duty Free for

Ion Ore Price at 6-Year Low, Australian Indexes Extend Losses

Marcus Jacob
30 Mar, 2015
New York City

Australian market indexes extended losses of last week as iron ore price hit six-year low and gold and oil prices headed lower. PanAust received a substantially lowered offer from a China based investor.

Sensex in India Soars 1.9%, Rupee Weakens

Marcus Jacob
30 Mar, 2015
New York City

Sensex in Mumbai soars 1.9% and banks led the gainers. Rupee eased and oil price declined. BHEL received contract worth ₹5,000 crore in Telangana. NMDC commissioned its new iron ore project with an estimated investment of ₹600 crore in Chhattisgarh.

U.S. Economic Slowdown to Extend, Weekly Loss of 2.3% in S&P 500

Nichole Harper
27 Mar, 2015
New York City

Stocks on Wall Street struggled and S&P 500 index is set to close down 2.3% and the Nasdaq by 2.9% for the week. Economic growth in the fourth-quarter was held at 2.2% in the final estimate and for all of 2014 the U.S. economy slowed to a growth of 2.2% from 2.4% in 2013.

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