Jan 09, 2013 11:08 AM ET
ArcelorMittal plans to raise $3.5 billion in stock and convertible bond offering to cut $17 billion debt load. Telecom stocks in the region fell on the speculation that companies may be permitted to share infrastructure. J Sainsbury declined on weak same store sales growth.
Jan 09, 2013 11:05 AM ET
European markets advanced across the region and Germany reported weaker than expected increase in industrial output. Italian unemployment held steady at record in November. ArcelorMittal plan to raise $3.5 billion through stock and convertible bond offering.
Jan 09, 2013 10:16 AM ET
Alcoa fourth quarter net swung to $242 million profit. Apollo Group plunged 10% after quarterly net declined 11%. AZZ third quarter net soared 15%. Clearwire received unsolicited offer from Dish Network. Global Payments second quarter net soared 15%.
Jan 09, 2013 9:08 AM ET
Two month old rally in Tokyo stocks continued after the yen edged lower and international investors added net positions to Japanese stocks. Education stocks soared on the hopes of a tax exemption for grandchildren schooling gift. Resource sector stocks led the gainers.
Jan 09, 2013 8:44 AM ET
Australian stocks closed higher after international investors stepped up buying. New home sales increased for the second month in November and retail sales declined in the month.
Jan 09, 2013 8:19 AM ET
Bank of India rallied on the fund raising plan. Bharti Airtel increased 25% price on data plans. IndusInd Bank third quarter net profit jumped 29.8%. Western India Shipyard secured orders valued $3 million.
Jan 08, 2013 11:28 AM ET
Broader market indexes declined tracking losses in Europe and Asia. AIG plans to join others and suing government for bailout that saved the insurer. Sears comparable same store sale plunged 13% and said that the chief executive is leaving.
Jan 08, 2013 10:36 AM ET
Stocks in Tokyo eased for the second day in a row and the yen struggled to rebound. The Nikkei declined 0.9% and the yen closed at 87.51 to a dollar. Prime Minister Shinzo Abe is expected to announce a broad stimulus package and press for higher inflation target with the Bank of Japan.
Jan 08, 2013 10:13 AM ET
Australian stocks closed lower as financials and miners led the decliners. Trade deficit surged a record high in November as imports rose faster than exports. Iron ore prices rebounded to a 15-month high.
Jan 08, 2013 10:06 AM ET
Acuity Brands first quarter net dropped 13% and acquired Adura Technologies. IHS fourth quarter net climbed 100% and Monsanto net jumped 169%. Sears expects fiscal year loss and Edwad Lampert will assume additional role as the chief executive.