Jun 05, 2013 10:47 AM ET
Australian stocks fell sharply and broader indexes dropped 1.3% after economy expanded at a slower than expected pace of 0.6% in March quarter. Trading volume picked up and Australian dollar held firm.
Jun 05, 2013 10:29 AM ET
Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to €444.9 million.
Jun 05, 2013 9:39 AM ET
Bharti Airtel shareholders approved 5% stake sell to Qatar Foundation for $5 billion. Hindalco plans to raise $900 million. Third Avenue acquired 1.7% stake of Piramal Enterprises. TTK Prestige sold a stake to Mauritius based Cartica.
Jun 04, 2013 11:56 AM ET
U.S. stocks traded sideways and merger announcement of $4.5 billion hovered market sentiment as traders weighed stimulus withdrawal impact. IBM agreed to acquire SoftLayer for $2 billion and Salesforce.com agreed to buy ExactTarget for $2.5 billion. U.S. trade deficit increased 8.5% in April.
Jun 04, 2013 12:22 PM ET
IBM Corp agreed to acquire privately held SoftLayer Technologies, Inc that valued the company at $2 billion as the company strengthens its presence in cloud computing for enterprises and small businesses.
Jun 04, 2013 10:27 AM ET
Stocks in Tokyo closed higher in volatile trading as banks and real estate developers plunge more than 20% in last two weeks. Market indexes in Tokyo are still up 30%, the best among developed markets but investors are increasingly cautious about future direction of Japanese markets.
Jun 04, 2013 9:46 AM ET
Australian stocks closed higher and resource developers and banks led the most active list. Reserve Bank of Australia held its rate at 2.75%, a five-decade low and the dollar traded near its low of the year. Australian current account deficit narrowed more than expected in the quarter to March.
Jun 03, 2013 11:47 AM ET
Apple Inc declined 1% as the company faces electronic book price-fixing charges. Merck, Bristol Myers and Amgen gained after reporting positive results for three separate drugs to treat skin-cancer. Mid-American Apartment and Colonial Properties agreed to merge. Cracker Barrel soared on quarterly results.
Jun 03, 2013 11:35 AM ET
U.S. stock traded sideways. Construction activities increased 0.4% in April according to a government report and factory activities shrank in May. On merger Monday, Mid-American Apartment Communities and Colonial Properties Trust agreed to a merger that will create a company worth $8.6 billion.
Jun 03, 2013 10:26 AM ET
Market indexes in Japan declined to a five-week low after investors turned cautious on softening Chinese economy and uncertainty related to the U.S. stimulus. Securities brokerage and real estate developers led the decliners in Tokyo trading. Nikkei 225 index has fallen 15% from its peak on May 22.