Jun 14, 2013 8:57 AM ET
Bharti Airtel promoter group increased its stake in the company. Ess Dee fourth quarter sales and profit climbed. Unilever won approval to increase its stake in Hindustan Unilever. RCom agreed to sale its DTH business to Sun Group.
Jun 13, 2013 11:32 AM ET
Comverse sales jumped and net loss narrowed. Clearwire requests shareholders to accept cash offer of Dish Network and not from Sprint. Gannett agreed to acquire Belo Corp. for $2.2 billion. Safeway sold it Canadian operations to Sobeys for C$5.8 billion in cash.
Jun 13, 2013 10:53 AM ET
BG Group sold 65.1% stake in India based Gujarat Gas for about $422 million. Centrica buy 25% stake license for total of £100 million. Elan rejected third attempt of revised takeover bid worth $7.9 billion. Mulberry revenue and profit in the year declined.
Jun 13, 2013 10:44 AM ET
European markets pared losses after a sharp decline in Japan dragged sentiment in Europe and Asia. World Bank lowered global growth estimate. Wholesale inflation in Germany declined for the second month in a row.
Jun 13, 2013 10:05 AM ET
U.S. stocks opened lower after a plunge of more than 6% in Nikkei dragged markets in Asia and in Europe. U.S. weekly jobless claims declined 12,000 and retail sales in May increased 0.6%.
Jun 13, 2013 9:32 AM ET
The Nikkei index in Tokyo plunged 6.4% as turbulent market extended volatility in the third week. Markets in Japan are in a bear market territory for the second time in as many weeks and the yen rises as foreign investors sell stocks and unwind the currency hedge.
Jun 13, 2013 8:54 AM ET
Australian market indexes tested the 2013 lows and the Australian dollar traded weak. On the domestic front, employers added 1,100 jobs in May, sharply higher than 10,000 job cuts expected by many economists.
Jun 13, 2013 8:42 AM ET
Apollo Tyres declined on company''s debt after deal to buy U.S. based Cooper Tire. BG Group Plc completed its stake sale in Gujarat Gas. MMTC offering demand exceeded offering size by 33%. Tata Motors dropped ahead of June auto sales data.
Jun 12, 2013 11:23 AM ET
Cooper Tire agreed to be acquired by India based Apollo Tyres for $2.5 billion. Agilysys sales surged and net swung to profit. Oxford Industries net plunged 24%. Pfizer and Takeda get $2.15 billion for settlement of patent infringement. Ulta Salon soared after sales and net climbed.
Jun 12, 2013 11:12 AM ET
U.S. stocks churn as investors attempt to decipher the next move from the Fed and European Central Bank. The latest market surge has been supported by the accommodative policies of central banks and investors are increasingly focused on the impact of early stimulus withdrawal.