Feb 14, 2013 11:51 AM ET
Deal making dominated market news in morning trading. Heinz agreed to a deal worth $23 billion, AMR and U.S. Air agreed on an all-stock $11 billion merger and Cardinal Health offered to buy AssuraMed for $2.07 billion.
Feb 14, 2013 11:00 AM ET
European markets fell across the region after the economy in the currency union shrank in the final quarter by 0.6%. For the 2012, the economy in the region fell 0.5%. However, in the quarter the decline deepened in Greece, Spain, Portugal and Italy. Nestle reported lower than expected sales gains.
Feb 14, 2013 11:12 AM ET
The Swiss power company ABB reported higher than expected earnings. Anheuser Busch InBev, agreed to sell its Corono distribution in the U.S. for $2.9 billion. BNP Paribas rose after its plan to increase dividend. Bankia plunged 11%. A.G. Barr canceled its deal to buy Britvic. Renault soared 8%.
Feb 14, 2013 10:07 AM ET
ABB fourth quarter net declined 27% and Apache first quarter net plunged 45%. Cisco second quarter net surged 44%. DirecTV fourth quarter net climbed 31% and General Motors net surged 89%. PepsiCo fourth quarter net soared 17%. PPL fourth quarter declined 21%.
Feb 14, 2013 9:34 AM ET
Stocks in Tokyo traded higher and the Bank of Japan left its asset purchase program unrevised. Economy contracted for the third quarter in a row and weakness in international traded negatively affected the growth. Asahi Group estimated higher earnings.
Feb 14, 2013 8:52 AM ET
Australian stocks traded higher and the dollar held firm. Wesfarmers earnings rose on the strong performance at its retail unit Coles. Rio Tinto reported a loss after taking $14.4 billion write down against its failed Canadian and Mozambique acquisitions.
Feb 14, 2013 8:05 AM ET
Aditya Birla Nuvo third quarter net climbed 28% and Bharat Petroleum net declined 47.5%. Coal India net jumped 8.9% and Dr. Reddy’s net dropped 29%. Hindustan Oil Exploration net swung to a loss and SBI net rose 4%. Wockhardt net surged 101%.
Feb 13, 2013 1:35 AM ET
Market indexes on Wall Street drifted lower and the euro gained a fraction. Retail sales in December gained more than expected. Comcast agreed to acquire the remaining 49% stake in NBCUniversal in $16.7 billion deal.
Feb 13, 2013 11:02 AM ET
Comcast fourth quarter net declined 15% and buy rest of NBC 49% stake from GE for $16.7 billion. Cliffs net to $1.62 billion loss and Duke Energy net jumped 51%. Deere & Co net surged 22%. Dean Foods net swung to profit. Thomson Reuters net swung to profit.
Feb 13, 2013 10:26 AM ET
Banks were in focus after Societe Generale reported December quarter loss. BNP Paribas is scheduled to release earnings tomorrow. Storerbrand ASA dropped 9% on lower than expected earnings. PSA Peugeot said it will cut 900 million euros of costs. Heineken reported earnings above expectations.