Apr 12, 2013 8:57 AM ET
Infosys plunged 21%, single largest one-day decline since 2003 on weak fourth quarter earnings and lower current fiscal year outlook. Development Credit Bank said fiscal net profit nearly doubled. RCom plan to sell stake in one of unit to raise $800 million.
Apr 11, 2013 12:00 PM ET
Government bond market yields across the euro zone dropped near 2-year low as the aggressive Japanese monetary action ripples through. Italy sold 7.2 billion euros of debt and French and Belgian government bond yields declined. Axa SA agreed to sell its U.S. based Protective Life for $1.06 billion.
Apr 11, 2013 11:22 AM ET
Avago agreed to acquire optical chip maker CyOptics for $400 million in cash. Bed Bath & Beyond said second quarter net rose 7%. Costco March net sales climbed 7% to $9.67 billion and comparable sales gained 4%. Rite Aid surged on second quarterly profit in a row.
Apr 11, 2013 11:06 AM ET
Market index in New York traded higher and the S&P 500 and the Dow flirted with new highs. Weekly initial claims of unemployment declined 42,000 at the end of last week and import prices declined in March. Microsoft, Hewlett Packard and Intel declined after personal computer sales slumped.
Apr 11, 2013 10:15 AM ET
Ashmore said third quarter assets under management climbed 9.4% to $77.7 billion. Axa sold its US unit to Protective Life for $1.06 billion. Evraz report net in the year swung to $335 million loss. M&S fourth quarter food sales climbed 4%. WH Smith said group total sales fell 4%.
Apr 11, 2013 9:50 AM ET
Market indexes in Japan closed at five-year highs and the yen traded near 100 against one dollar. Fast Retailing lifted its profit outlook on weaker yen and retail mall operator Aeon Co also reported better than expected earnings.
Apr 11, 2013 12:33 PM ET
Australian stocks gained on the strength in banks but miners struggled. BHP Billiton completed the sale of its Canadian diamond unit for $553 million. Woolworths said quarterly sales increased 2.5%.
Apr 11, 2013 8:49 AM ET
Ess Dee plan to sell majority stake to Australian based Amcor. Switzerland based Amrnann Group holds 70% stake in Gujarat Apollo Ind. Luxury division JLR of Tata Motors said global sales jumped 16%. Tata Steel amalgamated its subsidiaries.
Apr 10, 2013 11:09 AM ET
Adtran first quarter net plunged 38% and CarMax fourth quarter net jumped 13%. Family Dollar second quarter net jumped 25% and Fastenal first quarter net climbed 9%. PriceSmart second quarter net surged 25%. Titan Machinery fourth quarter net slipped 12.5%.
Apr 09, 2013 11:01 AM ET
Alcoa first quarter net surged 59% to $149 million and A. Schulman second quarter net soared 33%. AngioDynamics said third quarter net loss narrowed. Mistras Group third quarter net dropped 9%. Zep second quarter net climbed 15%.