Oct 18, 2013 10:32 AM ET
Australian market indexes surged and extended weekly gains to 1.7% after China reported faster than expected growth in the third quarter. Warrnambool Cheese attracted third takeover bid. Crown Limited is in talks with Sri Lankan government to develop a casino resort.
Oct 18, 2013 10:07 AM ET
Bharti Airtel to acquire Wireless Business Services. Bharat Bijlee net loss widened. Himachal Futuristic declined despite a five-fold surge in sales. IL&FS won contract worth Rs.150 crore. Saurashtra Cement net swung to a loss. South Indian Bank climbed 30%.
Oct 17, 2013 1:16 PM ET
U.S. indexes steadily climbed into positive zone as investors shifted focus to domestic earnings from political fracturing in Republican Party. Verizon net soared 40% and estimated growth to continue. Goldman Sachs commodities revenues declined. IBM plunged on revenue fall.
Oct 17, 2013 11:51 AM ET
American Express net climbed 9%. Baxter profit dropped 7%. BB&T net tumbled 43% and revenues dropped 5%. eBay net surged. IBM net climbed and revenue dropped. PPG net plunged 33%. Verizon net climbed 30%.
Oct 17, 2013 11:48 AM ET
Markets indexes in Tokyo closed higher and the yen weakened. The last minute political agreement avoided U.S. debt default as the latest crisis may resurface in late January.
Oct 17, 2013 11:46 AM ET
Australian indexes closed higher but the Aussie dollar edged lower. USG Corporation agreed to pay $575 million to form a joint venture with Boral Limited. Fortescue Metals third-quarter production surged and iron ore miner reaffirmed its decline in full-year shipment outlook.
Oct 17, 2013 10:40 AM ET
BSkyB profit declined 12% to £193 million on 7% increase in revenues. Nestle said sales in nine-months climbed 4%. Outotec lowered sales and profit outlook. Remy Cointreau first-half sales declined 6%. Sulzer said new orders rose 2% but lowered sales forecast for the year.
Oct 17, 2013 10:21 AM ET
Axis Bank profit jumped 21%. Bajaj Holdings & Investment profit surged 18%. Bajaj Auto net climbed 13% as sales rose 3%. Blue Dart profit dropped 6.65%. Castrol net soared 22%. MindTree net fell 5% but sales surged 19%. HCL Tech profit climbed 19%.
Oct 16, 2013 1:19 PM ET
U.S. stocks advanced on the hopes that the latest Senate agreement will become a law before the debt ceiling expires tomorrow. However, the short term agreement set up another round of confrontation in early January. China is looking to alternatives to U.S. government bonds.
Oct 16, 2013 12:25 PM ET
Abbott net plunged 50% but sales rose 2%. Bank of America surged to $2.5 billion. BlackRock net jumped 14%. Bank of New York net surged 34%. Intel net soared 48% and Grainger net surged 36%. Yahoo net plunged 91%.