Jun 12, 2013 10:41 AM ET
Inditex first quarter sales jumped 5% and net rose 2% to €438 million. Sainsbury reported total sales for first quarter jumped 3.6%. Vodafone and Deutschland Kabel discussed merger. Severn Trent rejected a conditional takeover offer.
Jun 12, 2013 10:04 AM ET
Market indexes in Japan extended losses and the yen gained nearly 3%. Machinery orders declined in April as corporate Japan stays on the sideline and look for the Abenomics to deliver tangible results.
Jun 12, 2013 8:55 AM ET
Australian markets closed down and consumer confidence index in June increased after falling for two months. Business and personal finance commitment increased 3.2% in April, which is expected to boost economic growth in the second quarter.
Jun 12, 2013 8:44 AM ET
Agro Tech management withdrew its proposed buyback offer. Adani Ports allotted 66.7 million shares at an issue price of Rs. 150. LIC lowered its stake in Aurobindo Pharma. Titan plunged 13% after regulatory curb on gold import is expected to hurt margins.
Jun 11, 2013 11:36 AM ET
U.S. stocks extended losses in Europe and Japan on the rising market anxieties linked to central bank actions. On Wall Street stocks traded sideways on the speculation that Fed may withdraw stimulus earlier than expected. Bank and financial services led the decliners in New York.
Jun 11, 2013 11:22 AM ET
Annie’s fourth quarter sales and profit surged. Lululemon revenue jumped 21% and said CEO Christine Day will leave the company. Limoneira net jumped nearly three-fold. Pep Boys net surged. Stewart profit climbed 37%.
Jun 11, 2013 10:32 AM ET
Britvic wins merger approval with A.G. Barr. Dialight first-half revenue soared 50%. Ocado Group jumped on market rumors of a tie-up with Marks & Spencer. Prada first quarter revenue and profit climbed 14%. Remy profit for the year soared 18%.
Jun 11, 2013 10:23 AM ET
Bank of Japan left its policy actions unchanged after a 2-day meeting and bond yields rose and the yen declined. The central bank did not extend the recent bank loans maturity to two years from one year as expected by traders. Softbank lifted its offer for Sprint Nextel by 7.5%.
Jun 11, 2013 9:30 AM ET
Australian stocks closed higher but the weakness in resource sector dragged the market sentiment. Mining industry capital expenditure index hit a new low in a decade in April, according to a private survey. Virtus Health soared on first day of trading.
Jun 11, 2013 8:48 AM ET
Cinemax approved the proposed merger with PVR. Elder Pharma surged after a stake sale. Regulators initiate an inquiry for coal block corruption against Jindal Steel & Power. ONGC withdrew its statement that it acuired Mozambique gas field from Videocon.