May 24, 2013 10:58 AM ET
Market indexes traded higher to erase early morning decline but struggle to move in the positive territory. Durable goods orders increased faster-than-expected 3.3% in April on a jump in volatile aircraft orders. European markets closed lower.
May 24, 2013 10:39 AM ET
3i Group offers to acquire Barclays European infrastructure fund division. BTG agreed to acquire targeted therapies division of Nordion for £133 million and also signed agreement to buy the EKOS valued £120 million. Close Brothers third quarter unveiled strong results.
May 24, 2013 10:14 AM ET
In wild trading stocks in Tokyo closed higher as retail investors step up. Retail participation in Tokyo trading has steadily increased from less than 20% to close to 40% in the last three months as speculators ride market momentum.
May 24, 2013 9:13 AM ET
Australian market indexes extended losses for the second day as global uncertainties rise rooted in Chinese slowdown and premature withdrawal of economic stimulus in the U.S.
May 24, 2013 8:24 AM ET
HCL profit climbed but revenues declined. MRPL net swung to loss and revenues increased 16%. Religare net loss widened Rs 895 crore. Tata Steel reported loss of $1.17 billion on weak demand and asset write-downs in Europe.
May 23, 2013 11:50 AM ET
Buckle declined as profit dropped. Cato comparable sales declined 5%. Dollar Tree sales and net climbed 7%. Hewlett-Packard surged but net plunged 32%. L Brands net jumped 14%. Ralph Lauren net soared 33% and lifted fiscal outlook.
May 23, 2013 11:16 AM ET
European market indexes plunged more than 2% on the rising global uncertainties. U.K. GDP increased at 0.3% rate in the first quarter and yields on Spanish and Italian bonds rose.
May 23, 2013 11:07 AM ET
DMGT said print revenues declined but profit soared 69%. Mothercare international sales surged 8% and loss for the year narrowed. SABMiller group revenue for the year climbed 10% and profit plunged 22% to $3.51 billion. SBM Offshore quarterly revenue surged 35%.
May 23, 2013 10:46 AM ET
World markets were on the edge after Nikkei plunged 7% and talks of stimulus unwinding put investors on alert. European markets also declined 2.2%. U.S. weekly jobless claims declined and manufacturing shrank for the first time in seven months in China.
May 23, 2013 10:13 AM ET
Nikkei index in Tokyo plunged 7% on the growing worries about early withdrawal of the economic stimulus in the U.S. and manufacturing contraction in China. The sharp decline comes after the Nikkei soared more than 70% in seven months and markets increasing reliance on the central bank support.