Oct 16, 2013 11:29 AM ET
Stocks in Tokyo gained the in the final hour of trading and the yen fell. Murata Manufacturing is expected to revise its takeover offer for Tokyo Inc. The yen remained in focus as world investors begin a search for alternative to dollar as political dysfunction in the U.S. drags on.
Oct 16, 2013 10:31 AM ET
ASML Holding plunged 13%. Danone reported flat third quarter revenues. IMI agreed to sell beverage division for £690 million in cash. Publicis revenue rose and LVMH revenue grew. Smiths News profit jumped.
Oct 16, 2013 9:43 AM ET
Australian markets traded higher and markets in Asia gained in thin volume. Australian dollar closed at 95.22 U.S. cents as investors look for alternative to the U.S. dollar.
Oct 15, 2013 12:12 PM ET
Charles Schwab net climbed 17% but revenue jumped 15%. Citigroup net plunged 23% but revenue soared 13%. Coca-Cola net jumped but sales decreased 3%. Domino’s net soared 18%. Johnson & Johnson sales rose but net was flat. J B Hunt net surged 11%. Teradata plunged 17%.
Oct 15, 2013 11:21 AM ET
AstraZeneca agreed to acquire Spirogen for $440 million. Burberry first-half revenue climbed and chief executive officer resigned to join Apple. Rio Tinto lifted production outlook. SoftBank agreed to buy Supercell for $1.5 billion.
Oct 15, 2013 9:59 AM ET
World markets remained optimistic as the U.S. neared debt default date on Thursday. Senate plan only funds the government for three more months and crisis is expected to reappear in late January. Rating agencies are still quiet on the U.S. sovereign outlook.
Oct 15, 2013 8:55 AM ET
Stocks in Tokyo rebounded after a 3-day holiday weekend and the yen weakened. Japanese companies are expected to report better than earnings on weaker yen. More than 24 companies are scheduled to release earnings this week.
Oct 15, 2013 8:42 AM ET
Australian and Asian markets traded higher and commodities prices gained. Business finance commitment rose 7% in August but personal lending dropped 2.6% in Australia. Australian dollar inched higher.
Oct 15, 2013 8:25 AM ET
Bajaj Corp profit dropped and sales climbed. Fortis Health sold its 6% stake Hong Kong subsidiary to Bupa for $355 million. HDFC Bank and IndusInd Bank profit soared. RIL profit rose 1.5% on weak refining margin and 15% increase in sales. TCS profit jumped.
Oct 14, 2013 11:53 AM ET
ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.