Aug 27, 2014 12:11 PM ET
U.S. market indexes struggled and the S&P 500 index traded above 2,000 for the second day in a row. Congressional Budget Office raised its estimate of federal budget deficit to $506 billion, largely on lower than expected corporate tax revenues.
Aug 27, 2014 11:48 AM ET
Oi intends to acquire stake in Tim Participacoes from Telecom Italia for $8 billion. Foxtons Group net surged 64%. Marine Harvest net swung to a loss of 142 million kronor but revenue climbed 48%. Seadrill net tumbled 65%.
Aug 26, 2014 10:57 AM ET
Antofagasta net plunged 16% after revenue declined 4%. Petrofac profit tumbled 44% and revenue plunged 11% but backlog surged 35% to $20 billion. Regus declined 5% to £25 million. UTV Media profit climbed 132% and revenue soared. WPP profit surged 26% to £396 million.
Aug 25, 2014 12:22 PM ET
Atlas Mara agreed to acquire 50.1% controlling stake in the Africa based BancABC. London Stock Exchange profit surged 64% to £70 million. Phorm Corp net loss narrowed after revenue surged to $529 million. Roche agreed to acquire U.S.-based InterMune for $8.3 billion.
Aug 25, 2014 10:32 AM ET
European markets closed higher after European Central Bank President Mario Draghi signalled more quantitative easing steps and France overhauled cabinet after the government collapsed.
Aug 22, 2014 11:44 AM ET
Arcadis agreed to acquire 15.6% stake in Hyder Consulting on a revised offer of £288 million. LSE plans to raise £938 million to fund the purchase of Frank Russell. RSA Insurance agreed to sell its Singapore and Hong Kong operations for £130 million. Vodafone acquired 72.7% stake in Hellas Online.
Aug 21, 2014 11:50 AM ET
Costain profit doubled after revenue soared 18% to £504 million. GTECH received $10.7 billion bank loan to acquire U.S. based International Game Technology. Kazakhmys net swung to profit $49 million. Raiffeisen Bank net surged 19% to €371 million.
Aug 20, 2014 11:20 AM ET
Balfour Beatty rejected third revised takeover offer from Carillion. Carlsberg profit climbed 7% to 2.2 billion kronor. Glencore net swung to profit of $1.7 billion. Heineken net fell 1% to €631 million.
Aug 19, 2014 12:45 PM ET
Maersk profit surged 169% to 2.30 billion kronor and plans for share buy-back of 5.6 billion kronor. BHP Billiton net soared 23% to $13.8 billion and intends to spin off $15 billion of assets. Persimmon net climbed 63% to £163 million.
Aug 18, 2014 10:09 AM ET
Bovis Homes profit soared 168% to £39 million. Clarkson net jumped 61% after sales climbed 25% to £112 million. Nationwide Building profit surged 141% to £253 million. Telecom Italia plans to offer up to €7 billion to acquire Vivendi''s Brazilian unit GVT.