Dec 17, 2013 8:59 AM ET
Apollo Tyres won an appeal against Cooper Tire merger proposal. Alstom signed an agreement to sell the property in Bengaluru for Rs 120 crore. HDFC Bank declined after RBI restricted additional foreign investor stake. IRB Infra was selected as a preferred bidder in road project.
Dec 16, 2013 8:40 PM ET
U.S. indexes jumped 1% after two separate economic reports showed growing manufacturing activities. Also two large deals supported a broader market advance. LSI agreed to a $6.6 billion deal. AIG agreed to sell its aircraft leasing unit for $5.4 billion.
Dec 16, 2013 11:34 AM ET
LSI agreed to be acquired by Singapore-based chip maker Avago for $6.6 billion. AIG agreed to sell its aircraft leasing business to AerCap. BlackRock said it has complied with the Italian disclosure requirement for its stake in Telecom Italia.
Dec 16, 2013 11:05 AM ET
Nikkei Stock Average in Tokyo declined 1.6% as investors locked annual gains and the yen declined. Asian market indexes decreased after a private survey in China showed activities declined to a 3-month low.
Dec 16, 2013 10:35 AM ET
Aggreko forecasted net debt to reduce about £200 million. BP signed 30-year deal with Oman-based Khazzan for $16 billion. Carrefour will buy shopping malls for €2 billion from Klepierre. Glaxo will invest $1 billion to raise its stake in Indian Unit.
Dec 16, 2013 9:54 AM ET
Investors looked ahead to Reserve Bank policy meeting minutes and mid-year federal government budget scheduled to release tomorrow. Insurance Australia Group Limited agreed to acquire insurance business from Wesfarmers Limited.
Dec 16, 2013 9:33 AM ET
Aurobindo Pharma received final approval from the U.S. regulators for its anti-depressant capsules. Clariant agree to acquire Plastichemix for Rs 135 crore. Glaxo surged after the parent company plans to raise its stake to 75%. SpiceJet signed agreement with Singapore-based Tigerair.
Dec 13, 2013 2:59 AM ET
Adobe net plunged 71%. AIG and AerCap are in talks to sell aircraft leasing business. Echostar and Vivendi’s GVT terminate joint venture in Brazil. GM sold its 7% stake in Peugeot. Las Vegas Sands cancelled its Spain project worth $30 billion.
Dec 13, 2013 2:56 AM ET
AerCap received offer from American AIG to sell its aircraft leasing business. Arcam agreed to buy metal powder division of Canada-based Raymor. Grohe sold 87.5% stake to a Japan based Lixil for €3.06 billion. Peugeot tumbled after General Motors sold its stake in the automaker.
Dec 13, 2013 2:47 AM ET
M&M raised its vehicles prices as much as 2% from January. Reliance and BP plan to invest between $5 billion and $10 billion for natural gas exploration. Torrent Pharma agreed to acquire drug distribution business from Elder Pharma for Rs 2,000 crore.