Dariusz Kowalczyk, senior economist and strategist at Credit Agricole, says we should expect a better environment in Asia in the second half of the year thanks to decent PMI data for China and India.» Read More
Aug 1- Boutique investment bank Evercore Partners Inc is nearing an agreement to buy equity research and trading firm International Strategy& Investment Group LLC, the Wall Street Journal reported. Evercore and ISI were not immediately available to comment.
NEW YORK, Aug 1- Wall Street's worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish. "The summer has been just tough because there has been very little to buy," said Kathleen Gaffney, portfolio manager of the Eaton Vance Bond Fund.
Aug 1- Shares of Canada's Tekmira Pharmaceuticals Corp, which hopes to produce the first treatment for the deadly Ebola virus, have skyrocketed as the worst-ever outbreak of the virus intensified in West Africa. "The recent outbreak in West Africa is as profound as any we have seen in recent decades," said Euro Pacific Canada analyst Douglas Loe.
Aug 1- The following are the 20 top-selling vehicles in the United States in July as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in July.
Slot machine maker Scientific Games Corp will buy larger rival Bally Technologies Inc in a $3.27 billion deal, the latest in a consolidating U.S. gaming industry. The deal, which was put together in just over three weeks, will strengthen Scientific Games' casino management systems and table gaming products as well as help it expand in Australasia.
Mobileye's shares jumped as much as 58 percent to a high of $39.40 on the New York Stock Exchange, valuing the Israeli company at about $8.4 billion. Mobileye's technology is already used in more than three million vehicles made by BMW AG, General Motors Co and electric car maker Tesla Motors Inc, among others.
*Comment comes after India derails global trade talks over food security objections. NEW DELHI/ GENEVA, Aug 1- India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.
The company's shares were up 2.5 percent at 1077 pence at 1457 GMT on the London Stock Exchange. Vedanta Chairman Anil Agarwal said on Friday his comments on Zambia in a video circulating on the Internet had been taken out of context.
July 31- Shares of Mobileye NV, a maker of camera-based systems that help drivers avoid collisions, rose as much as 55 percent in their debut, valuing the company at about $8.2 billion. Mobileye's upsized initial public offering, the largest U.S. IPO by an Israeli company, raised about $889.7 million after shares were priced at $25, above the range of $21- $23 per share.
Aug 1- Biota Pharmaceuticals Inc said its influenza treatment failed to meet the main goal in a mid-stage study, about two months after the company lost a key government contract supporting the drug's development.
MUMBAI, Aug 1- Pfizer Ltd, the Indian unit of U.S. drugmaker Pfizer Inc, said on Friday it locked out staff at its Mumbai drug factory after some employees tried to disrupt production lines and threatened management.
Aug 1- LinkedIn Corp's booming hiring business and rapid international expansion will be the main growth drivers for the next few quarters, analysts said after the corporate networking site's revenue and profit forecast smashed expectations.
Aug 1- Scientific Games Corp, a maker of slot machines for casinos, will buy larger rival Bally Technologies Inc for about $3.27 billion to expand its electronic and table games and online lottery businesses. The deal- valued at $5.1 billion, including debt- will also help Scientific Games expand in Australia, New Zealand, and the Pacific islands.
Aug 1- Aircraft components maker Spirit AeroSystems Holdings Inc posted a better-than-expected quarterly profit and raised its full-year forecast, as Boeing Co and Airbus boosted production to meet surging demand for planes.
Aug 1- Procter& Gamble Co, the world's largest household products maker, reported a 37 percent rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.
Aug 1- Aircraft components maker Spirit AeroSystems Holdings Inc posted a quarterly profit compared with a loss a year earlier as customers Boeing Co and Airbus boosted production to meet surging demand for large planes.
Aug 1- Biota Pharmaceuticals Inc said its experimental influenza drug failed to meet the main goal in a mid-stage study. The U.S. Department of Health and Human Services in April pulled out of a contract to support the drug's development with $231 million, after which the company said it would stop work on the drug.
Aug 1- Scientific Games Corp, which makes slot machines for casinos, will buy larger rival Bally Technologies Inc for about $3.27 billion. The $83.30 per-share cash offer represents a 38 percent premium to Bally's Thursday closing price of $60.17 on the New York Stock Exchange, the companies said in a joint statement.
Aug 1- Timber conglomerate Weyerhaeuser Co reported a better-than-expected quarterly profit as its strategy of focusing on wood products paid off. The business brought in $1.08 billion of Weyerhaeuser's total revenue of $1.96 billion and contributed $102 million to pre-tax profit in the second quarter ended June 30.
Aug 1- Procter& Gamble Co, the world's largest household products maker, reported a 37 percent rise in quarterly profit, helped by lower operating costs. Net profit attributable to the company rose to $2.58 billion, or 89 cents per share, in the fourth quarter ended June 30, from $1.88 billion, or 64 cents per share, a year earlier.