Jun 21, 2013 11:06 AM ET
U.S. market indexes are set to decline for the third day in a row after the Fed laid out its stimulus exit plan that has been in place for more than four years. The Fedís orchestration of a carefully designed plan to wean-off the economy from cheap money supply has raised global jitters.
Jun 21, 2013 10:46 AM ET
BC Partners agreed to buy Springer Science & Business Media for Ä3.3 billion. Deutsche Annington plans to raise Ä1.1 billion through initial public offering. Flybe revenue fell and loss for the year widened to £41.8 million. NK Rosneft signed oil supply contract worth £174 billion with China.
Jun 21, 2013 10:08 AM ET
Stocks in Japan turned corner as traders and analysts forecasted the end of market correction. The Nikkei index has held the ground near 13,000 after four weeks of selling and surged 4.3% this week. The yen resumed its slide.
Jun 21, 2013 9:16 AM ET
Australian market indexes extended losses in the week to 1% and the dollar dropped to the low of the year. Resource sector stocks led the decliners. BHP said it sold 15% stake in its iron ore mines in Western Australia to two Japanese conglomerates.
Jun 21, 2013 9:09 AM ET
Bharti Airtel market share held at 28.4% in May. Cipla received approval to acquire its South African unit for $512 million. Essar Steel raised $1 billion to repay the debt. Hindustan Lever launched its open offer to increase stake to 75%. Reliance Capital suspends gold sale.
Jun 20, 2013 1:48 PM ET
U.S. stocks extended losses for the second after Fed Chairman Ben Bernanke comments that laid out the timetable for the stimulus taper. European markets led the world market decline with a loss of more than 3%. Gold plunged 5% and oil fell 3%. The yield on 10-year U.S. bond increased to 2.42%.
Jun 20, 2013 12:41 PM ET
Stocks in Tokyo declined following an Asia-wide sell-off after comments from Fed Chairman Bernanke stoked the fears of early stimulus withdrawal in the U.S. The yen eased 1% against the dollar and 10-year Japanese bond yield increased 3 basis points to 0.85%.
Jun 20, 2013 11:34 AM ET
Clarcor second quarter net increased. IHS and Jabil Circuit revenue jumped but net declined. Micron Tech net swung to profit. Kroger net rose 9.6% to $481 million. Pier 1 net climbed and lifted earnings guidance. Rite Aid net surged and Steelcase profit climbed.
Jun 20, 2013 10:28 AM ET
Ashtead revenue soared and profit for the year climbed 45% to £138.8 million. Carlyle agreed to acquire Italy based motor-maker Marelli Motori for Ä212 million. Dixons Retail group sales for the year rose 4% to £8.21 billion. Ted Baker sales in the first quarter climbed 32.7%.
Jun 20, 2013 10:10 AM ET
Australian market indexes plunged sharply following a weakness resource prices and a decline in Asian markets. Also, a private survey of Chinese manufacturing industry showed outlook for the industry was the worst in nine months.