Mar 17, 2011 10:11 AM ET
Russia based VimpelCom Ltd. said its shareholders approved the combination of the company with Wind Telecom S.p.A. The total deal is valued at $6 billion.
Mar 17, 2011 10:02 AM ET
U.S. indexes climbed after consumer prices index rose 0.5% in February and weekly jobless claims declined 16,000 to 385,000. Russia based VimpelCom shareholders approved merger with Wind Telecom. FedEx quarterly net declined but beat forecast.
Mar 17, 2011 8:48 AM ET
European indexes gained after six straight days of declines as U.S. and European scientists help Japan contain radiation leak. A meeting of G7 finance ministers will discuss the impact of the Japanese earthquake on global economy. HeidelbergCement returned to profit.
Mar 17, 2011 10:44 AM ET
Euro area construction output rebounded in January and German building permits rose in 2010. Swiss economic growth outlook revised up for the current year. Unemployment rate in Greece soared to 14.2% at the end of last quarter and the rate jumped to 18% among women.
Mar 17, 2011 7:38 AM ET
Stocks in Mumbai edged lower after the Reserve Bank of India hiked rates by 0.25% as expected but lifted the current fiscal year inflation estimate to 8% from 7%. Rate sensitive automakers, banks and real estate developers led the decliners.
Mar 17, 2011 7:31 AM ET
Stocks in Tokyo in a roller coaster ride dropped as low as 5% after a cautious statement from an American official prompted a sell off in the yen. The yen surged to a post World War II record. Insurance carriers fell and Japanese exporters brace for one month of production loss.
Mar 17, 2011 6:04 AM ET
Stocks in Sydney in a choppy trading declined to six-month low as international worries overshadowed the trading sentiment. Wesfarmers placed its coal mining division for sales and the retailer Myer lowered its full year outlook for the second time.
Mar 16, 2011 4:07 PM ET
U.S. indexes dropped as much as 2% after crude oil gained and Japan struggled to contain radiation leaks. Market decline accelerated after housing starts annual rate dropped to 27-year low and building permits declined to a record low. Crude oil gained as violence in Bahrain intensified.
Mar 16, 2011 12:42 PM ET
Altera Corp and Xilinx Inc gained on the expectations of increased capital spending from China based telecom operator. Rambus Inc gained after it extended its technology license with Toshiba Corp. Home builders declined after new home starts dropped.
Mar 16, 2011 11:29 AM ET
The UK indexes slid and commodities declined and jobless count rose to the highest since 1994. The UK jobless claims fell unexpectedly but unemployment rate rose to 8%. Rolls-Royce secured Trent 900 engines contract from Asiana Airlines.