Dec 19, 2014 1:52 PM ET
Stocks were steady after the last two-day surge of 4.5% in market indexes on Wall Street. Oil price rebounded 3% and gold edged up. Russian ruble rose to level below 60 against one dollar and European markets closed higher as Greece prepares for snap election.
Dec 19, 2014 1:13 PM ET
Market indexes in Japan closed up 2.4% and for the week, the Nikkei index gained 1.4%. The yen resumed its downward decline and flirted with 120 mark against one dollar.
Dec 19, 2014 12:25 PM ET
BlackBerry net loss narrowed despite a plunge of 33% in revenues. CarMax net climbed 22% on 16% increase in revenues. Cintas profit surged 42%. Finish Line tumbled 19% despite higher profit and net sales. Paychex net jumped 9%. Red Hat net declined 8% but revenues soared 15%.
Dec 19, 2014 12:15 PM ET
Australian market indexes soared 2.5% and the Aussie traded near its recent years low. For the week, the ASX index gained 2%. CBG Capital and Catapult Group completed public offerings. Santos canceled its euro denominated offering and arranged $1 billion bank loan.
Dec 19, 2014 11:45 AM ET
Atos agreed to acquire Xerox’s IT outsourcing business for $1.05 billion. Air France KLM issued its third profit alert this year. Alstom dropped as voters reject the asset sell plan to GE. Promethean World reduced revenue forecast. Roche suspended its two clinical trials.
Dec 19, 2014 10:00 PM ET
IVRCL sold its stake in Chennai desalination plant worth Rs 110 crore to Dubai-based Utico FZC. Jyoti Structures won several domestic and export contracts. Jindal Steel raised Rs 1,000 crore through debenture. Petron Eng won twin orders worth Rs 24 crore.
Dec 18, 2014 2:23 PM ET
Stock markets around the world extended gains for the second day in a row after the Fed showed a patient approach to the rate increase and lowered inflation and jobless estimates. European markets soared between 2% and 3%. Gold and oil traded with downward bias.
Dec 18, 2014 2:12 PM ET
Accenture net soared 11% on 7% increase in revenues. Actuant net declined 31%. ACE agreed to acquire the U.S.-based Fireman''''s Fund from Allianz SE for $365 million. ConAgra profit tumbled 96% and sales dropped 2%. Rite Aid net surged 47%. Scholastic net soared 18%.
Dec 18, 2014 12:01 PM ET
Fortune Oil agreed to acquire by Fortune Dynasty Holdings for £388 million. Hansteen Holdings sell 11 assets in UK for about £43.9 million. Swisscom declined after French billionaire Xavier Niel agreed to acquire Orange Switzerland for 2.8 billion Swiss francs.
Dec 18, 2014 10:44 AM ET
Stocks in Australia closed higher following a rebound in Asian markets after the U.S. Fed left its key rate unchanged showed patience towards rate hike in 2015. Lovisa Holdings completed its $2 a share initial public offering and said annual sales rose 30%.