Aug 14, 2013 2:40 PM ET
U.S. indexes traded lower and wholesale price index was unchanged in July and core price index increased 0.1%. Gold price increase 0.9%. Apple Inc extended 3-day rally to 11% after Carl Icahn announced a stake of $1 billion. Steinway Musical agreed to go private for $512 million.
Aug 14, 2013 1:31 PM ET
Market indexes in Tokyo increased for the second day in a row. The yen declined 2% and traded above 98 against one dollar. Recruit Holdings acquired the largest executive search company in India. Australian franchise of Domnio’s Pizza acquired Japan based operator.
Aug 14, 2013 12:30 PM ET
Australian indexes closed lower in below average trading. Wage price index increased 0.7% in the second quarter to June and rose 3% from a year ago. Carsales.com Limited lifted its annual profit outlook by 17%. CSL Limited first-half net increased 19%.
Aug 14, 2013 11:39 AM ET
Cree net and revenue surged. Deere net soared 52%. Macy’s net edged up 0.7% to $281 million. Pinnacle Foods net loss widened. Steinway Musical agreed to be acquire by Paulson Capital for $512 million. Towers Watson net surged 28%.
Aug 14, 2013 10:35 AM ET
BMW climbed 9% to €1.39 billion as sales grew 2%. Interservec net jumped 16% to £29.9 million and secured defense contract worth £110 million. Rentokil net swung to a loss. Thyssenkrupp third quarter net swung to a loss €362 million.
Aug 14, 2013 10:30 AM ET
BPCL net swung to profit. Escorts net surged and sales climbed. Essar Oil quarterly loss narrowed. HDIL net and revenue plunged but LIC Housing net and revenue jumped. SAIL net declined 35% as revenue dropped. Tata Steel net soared 91%. Tata Motors net plunged 23%.
Aug 13, 2013 4:32 PM ET
U.S. indexes reversed early losses. Retail sales gained for the fourth month in a row. Bill Ackman resigned from J.C. Penney’s board as many shareholders pin blame on him for chief executive selection that led to sales plunge. Justice Department challenges American-U.S. Air merger.
Aug 13, 2013 2:48 PM ET
Nikkei index in Tokyo traded surged 2.6% on the speculation that Prime Minister Shinzo Abe may cut corporate tax rate. The yen edged 0.7% lower. June core machinery orders fell less than expected 2.7%.
Aug 13, 2013 2:13 PM ET
Australian stocks closed higher on the back of a surge in banking and resources stocks. The pizza delivery company Domino’s is looking to acquire the franchise in Japan. Mining service company Bradken surged more than 12% on upbeat 2014 outlook.
Aug 13, 2013 8:11 AM ET
Buckeye net plunged 36%. Flowers Foods profit surged 64% as sales soared 32%. InterOil net loss in the quarter narrowed. Sina said net in the quarter swung to a loss. Valspar net edged up. USA Compression net surged to $2.4 billion.