Feb 21, 2013 8:34 AM ET
Allianz SE net doubled to €5.2 billion and fourth quarter profit surged 148% to €1.22 billion. BAE Systems profit for the year plunged 14% and lowered outlook for 2013. Lufthansa AG revenue increased 5% to €30.1 billion.
Feb 20, 2013 11:56 AM ET
Office Depot agreed to acquire OfficeMax in all stock deal that will create a company with total sales of $18 billion. The office supply industry consolidates after the weak economy drags sales and the competition from online retailers shrink margins.
Feb 20, 2013 11:54 AM ET
U.S. stocks declined after home construction fell 8.5% in January after surging 15.7% in December. The weakness in the housing data dragged market sentiment. Office Depot agreed to buy OfficeMax for $1.2 billion.
Feb 20, 2013 11:14 AM ET
Markets in Europe traded higher but trading volume was weak. Spain estimated budget deficit in 2012 to decline just below 7%, the lowest in four years. UK jobless claims fell more than expected in January.
Feb 20, 2013 10:14 AM ET
Analog Devices first quarter net plunged 31% and DTE Energy net tumbled 46%. DISH Network fourth quarter net declined 33% on lower subscribers. Dell net plunged 31% and Owens Corning net swung to a loss.
Feb 20, 2013 9:51 AM ET
Stocks in Tokyo gained ahead of the central bank leadership change announcement. Trade deficit in January increased to a record high of $17.4 billion on rising energy imports and weakening yen. Toyota plans to increase domestic auto production from April.
Feb 20, 2013 8:50 AM ET
BHP Billiton net plunged 58% and Credit Agricole loss widened to €3.98 billion. France Telecom net tumbled 79% to €820 million and targeted operating cash flow of €7 billion for 2013.
Feb 20, 2013 8:27 AM ET
Australian markets closed higher and the ASX index traded at a new 4-year high. Fortescue net declined 40% on lower iron ore prices. BHP Billiton announced chief executive Marius Kloppers will be replaced by Andrew Mackenzie. Suncorp raised dividend by 25%.
Feb 20, 2013 8:04 AM ET
Jaiprakash Power launched qualified institutional placement to raise nearly $730 million. LIC Housing Finance plans to raise nearly $37 million. Reliance Industries and two partners plan to invest over $5 billion in KG-D6 basin. Thomas Cook net declined 25%.
Feb 19, 2013 1:00 PM ET
U.S. market indexes extended gains in global markets after German confidence surged and earnings on both sides of Atlantic rose. Crude oil held at elevated levels and gold eased for the second day in a row in New York.