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Caution Prevails in India, Shanghvi Led Group to Buy Hindustan Oil Stake

Mukesh Buch
24 Feb, 2015
New York City

Stocks in India lacked direction ahead of financial budget from the central government. Dilip Shanghvi led investment group is interested in acquiring 47% stake in the Hindustan Oil Exploration Company. ITC won a bid for a hotel in Goa. Sumeet Ind plans to set up a wind power plant.

Three Deals Dominate on Merger Monday, Nasdaq in 8-Day Rally

Nichole Harper
23 Feb, 2015
New York City

U.S. market indexes traded sideways on Merger Monday and at least four deals on both sides of Atlantic dominated headlines. Tech stocks dominated Nasdaq index was nearly unchanged after a 8-day rally that brought the index within 2% of its all-time high.

Valeant Pharma to Pay $10 B for Salix, Bristol-Myers in $1.25 B Deal

Mukesh Buch
23 Feb, 2015
New York City

Bristol-Myers plans to acquire Flexus Biosciences for $1.3 billion. Cooper Tire net surged three-fold. DISH Network annual net soared 17% but the subscriber-count fell. Valeant Pharma agreed to acquire Salix for $10.1 billion.

BAT may Buy Remaining Stake in Souza Cruz; HSBC Net Falls

Nigel Thomas
23 Feb, 2015
New York City

British American Tobacco is looking to acquire 24.7% stake in Brazil-based Souza Cruz worth $3 billion. DIA net soared 60% to

Nikkei Extends Weekly Gains to a New 15-Year High, Controversial Takata Fine

Hiruki Nakamura
23 Feb, 2015
New York City

Nikkei index in Tokyo edged up to a new 15-year high and investors shifted focus away from the euro zone. In an apparent politically motive move, the U.S. imposed $14,000 a day fine on Takata Corp. Resona Holdings plans to repay debt two years ahead of schedule to Japanese government backed fund.

Australian Stocks Advance; Brambles, Lend Lease, MacMahon, Vocation in Focus

Marcus Jacob
23 Feb, 2015
New York City

Australian market indexes closed higher and domestic earnings news dominated headlines. Brambles said first-half revenues rose 5%. Boart Longyear Ltd reported narrower loss but cautioned on earnings. MacMahon Holdings plunged 37% after losing a contract with iron ore miner Fortescue.

Markets in India Look Ahead to Budget, Second Day Decline in Stocks

Mukesh Buch
23 Feb, 2015
New York City

Market indexes in India declined for the second day in a row ahead of financial budge from the central government. GMR Infra and DLF plans to sell projects to private equity firms. Monnet Ispat won the coal block in Chhattisgarh. Rajesh Exports secured an order from UAE.

World Markets Grow Comfortable to Potential Greek Exit

Nichole Harper
20 Feb, 2015
New York City

U.S. market indexes turned lower from record highs after Greece and euro zone ministers began debt talks in Brussels as the deadline looms. Crude oil extended losses for the third day in a row. Nordstrom rose on earnings and Intuit gained narrowed loss.

Intuit, Lab Corp, Nordstrom Rise on Earnings

Mukesh Buch
20 Feb, 2015
New York City

Echostar net surged 68%. Deere & Co profit tumbled 43% on 17% decline in revenues. Intuit net loss widened but revenues jumped 3%. Marvell Technology revenues and profit plunged. Nordstrom net declined 5% while net sales climbed 9%.

Greek Bank Withdrawals Accelerate, Danone Net Plunges 21%

Nigel Thomas
20 Feb, 2015
New York City

European markets were in holding pattern after Greek debt negotiation fatigue sets in. Greek depositors accelerated bank withdrawals ahead of the Brussles talk which are expected to lead nowhere. Greece may impose Cyprus-style controls this long weekend to stem the rising tide of outflow.

Nikkei Extends Weekly Gain to 2.3%

Hiruki Nakamura
20 Feb, 2015
New York City

Nikkei stock average in Tokyo extended weekly gain and banks and financial services led the gainers. For the week, Nikkei index gained 2.3% on yen weakness. ANA is looking to offer financial support to the bankrupt Skymark Airlines.

Aussie Dollar Spikes Up, Markets in Sydney Trim Weekly Gains

Marcus Jacob
20 Feb, 2015
New York City

Australian market indexes eased and the Aussie dollar spiked above 78 U.S. cents. For the week, market indexes closed flat as investors worried the fate of Greek debt negotiations. Santos Ltd annual revenues rose 12% but swung to net loss. James Hardie reported rising revenues across all markets.

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