Aug 23, 2010 11:18 AM ET
3PAR soared 40% after Hewlett Packard offered 33% premium to Dell bid. BHP Billiton and Rio Tinto Group increased after hung Parliament election in Australia raised the prospect of mining tax cancelation. Warner Chilcott added 3% after it announced special dividend.
Aug 23, 2010 10:20 AM ET
The European indexes gained on merger and acquisition-related reports and a rise in mining stocks. The Bundesbank President Axel Weber noted modest euro area growth revisions. Euro area private sector growth slackened in August. German manufacturing dropped in August.
Aug 23, 2010 9:35 AM ET
U.S. stocks advance as mergers and acquisitions heat up. Singapore inflation soared to 3.1%. Potash Corp rebuffed BHP''s renewed $130 per share acquisition bid and Sinochem may join the fray. HP agreed to acquire 3PAR for $24 per share. HSBC offered to buy majority stake in Nedbank Group.
Aug 23, 2010 10:51 AM ET
Stocks in Mumbai traded sideways. Maruti Suzuki may be forced to limit exports as the domestic market demand surges and the automaker struggles with a market share decline. Foreign investment in real estate projects in India soars 60-fold in the last five years.
Aug 23, 2010 8:56 AM ET
Stocks in China dropped marginally after trading higher in the morning. India gives clearance to two Chinese telecom companies to supply equipment. Sinopec, the largest refiner said first half net profit increased 6.7%. Everbright Securities plan to sell 12% stake in its asset management venture.
Aug 23, 2010 3:41 PM ET
The benchmark index Nikkei declined to the low for the year after government did not indicate any steps to stem the recent rise in the yen. Same store sales at supermarkets and convenience stores drop. Itochu Corp helps Indian farmers to shift to organically grown cotton.
Aug 23, 2010 7:51 AM ET
Stocks in Australia stagnated after election results raised the prospect of a minority government. The ruling party needed support of four independents to form a government. Lihir Gold shareholders back takeover plan by Newcrest Mining.
Aug 23, 2010 4:01 AM ET
The networking solutions provider revenues dipped 1.1% to $501 million in the quarter. Net quarterly income generated was $22.4 million helped by the absence of acquisition-related impairment charges. The company earned 5 cents a share compared to a loss of 17 cents a share the prior-year quarter.
Aug 21, 2010 11:30 AM ET
The aerospace and defense company reported second quarter revenue fell 9% to $15.57 billion. Net quarterly income slumped 21% to $787 million. Earnings per share dropped to $1.06 from $1.41 a year-ago quarter.
Aug 20, 2010 4:19 PM ET
U.S. stocks generally closed lower as the prospect of economic recovery appear slower than estimated and job market struggles. Mixed earnings also failed to lift market sentiment. Crude oil, copper and gold edged lower. European markets dropped more than 1% for the second day and in Asia lost 1.5%.