Feb 07, 2011 11:43 AM ET
AOL acquire The Huffington Post for $315 million. Cognizant quarterly revenue surged 45% and net income surged 30% to $206.2 million. Humana revenue rose 9% and net income declined 57% to $107.32 million.
Feb 07, 2011 12:12 PM ET
The UK benchmark index increased 0.9% tracking the gains in commodities and world market sentiment. Cairn Energy Plc said it is likely to complete the sale of its India unit as early as end of March. Randgold Resources net surges.
Feb 07, 2011 10:54 AM ET
European markets closed higher as commodities perk up and merger deals of more than $20 billion in the U.S. bolstered trading sentiment. Adidas AG gained after its chief made positive comments and predicted one billion euros sales in China this year. SolarWorld AG rose after earnings rose 26%.
Feb 07, 2011 5:57 PM ET
U.S. stocks inched higher as merger deals of more than $13 billion were announced. Danaher agreed to acquire Beckman Coulter for $6.8 billion and Chesapeake Energy said it will sell its Fayetteville shale asset for $5 billion. AOL agreed to pay $315 million for the blogger The Huffington Post.
Feb 07, 2011 8:41 AM ET
AOL in a largest deal since its separation from Time Warner in 2009 agreed to pay $315 million for the Huffington Post. Co-founder Arianna Huffington will retain editorial control and MapQuest and MovieFone and AOLís regional and local news operations will be consolidated under her leadership.
Feb 07, 2011 6:55 AM ET
Stocks in Mumbai closed higher after the government confirmed the current fiscal year economic growth of 8.6%. The higher growth also comes with a sharp rise in current account deficit and a surge in inflation to above 8%. Cipla third quarter net declined 20%. Suzlon swung to quarterly loss.
Feb 07, 2011 6:30 AM ET
Aurobindo Pharma declined 1.2% and net profit rose 9.8%. Borosil increased 1.3% after third quarter net profit surged three-fold. Cipla plunged 3% after quarterly profit declined 20%. Eicher Motors rose 1% after net profit more than doubled. Suzlon Energy gained 3.5 on lower than expected loss.
Feb 07, 2011 8:26 AM ET
Stocks in Japan closed higher after the U.S. unemployment rate declined. Exporters led the gainers. Sega Sammy added 3% after nine-month income more than doubled and Credit Saison 9% after it lifted full year earnings estimate.
Feb 07, 2011 4:55 AM ET
Australian stocks closed higher despite the weakness in retailers. Australian retail sales rose 0.2% in December and Myer estimated full year profit to declined 5%. JB Hi-Fi rose on the expectation of better second half earnings. Miners and energy companies declined tracking international prices.
Feb 04, 2011 4:19 PM ET
U.S. stocks struggled after the jobs report showed weaker than expected increase in private sector and earnings rose at select companies. Middle East tensions also weighed on commodities. Markets in Japan and Australia rebounded and in Europe lost early momentum.