Nov 20, 2013 10:44 AM ET
Australian stocks closed lower and resource sector led the decliners after construction services provider Worleyparson issued a profit warning. WAB accepted revised cash $9 a share offer. Leighton Holdings subsidiary won a coal mining expansion contract worth $550 million.
Nov 20, 2013 10:13 AM ET
Aban Offshore net climbed as sales jumped. Bombay Dyeing denied the media report of Wadala land handover order. HDFC plans to raise Rs. 250 crore from non-convertible debentures. Shriram EPC won orders worth Rs 214 crore. Wyeth plans to merge with Pfizer.
Nov 19, 2013 11:33 AM ET
U.S. stocks extended gains after upbeat earnings from Home Depot, Best Buy and TJX. Paris based OECD lowered its global economic growth outlook and said recovery steady but slow. Retailers were in focus on the worries of competitive pressures to offer more than usual discounts.
Nov 19, 2013 11:10 AM ET
Best Buy plunged 9% on margin worries in holiday season. Campbell Soup net plunged 30%. Dicks Sporting net grew 4%. Home Depot net surged 43% as comparable sales climbed. Medtronic net soared 40%. Salesforce.com net loss narrowed. TJX net surged 35%.
Nov 19, 2013 9:47 AM ET
Afren climbed on encouraging test oil drilling results. easyJet profit surged 56% as revenue climbed 11%. Enterprise Inns net swung to a loss. ITV said total revenue jumped 6%. Intertek agreed to acquire Architectural Testing for £59 million. TUI Travel sold its stake in NATS Holdings.
Nov 19, 2013 9:30 AM ET
Stocks in Tokyo declined and investors focused on the details of the latest Chinese reforms. The Peopleís Bank of China said it will exit from currency market intervention. Olympus agreed to pay 6 billion yen in damages.
Nov 19, 2013 8:39 AM ET
Reserve Bank of Australia in its latest minutes of meeting noted rates are likely to be on hold in the near future and said recent rates cuts are having desired impact on the economy. However, the central bank noted rising home prices across the nation and said inflation is within its target range.
Nov 19, 2013 8:22 AM ET
BHEL secured contract worth Rs 1,300 crore from NTPC. FT India sold its stake in ICE Singapore Holdings for $150 million. NTPC terminated its Rs 700 crore contract with the Italy-based company. Power Gridís $1.2 billion offering is likely to open on December 3.
Nov 18, 2013 11:46 AM ET
Stocks extended advance and market indexes traded in a record territory. S&P 500 index extended yearly gain to 26.3% and the Nasdaq index flirted near 32%. Market indexes in Europe and Asia advanced. Fertilizer stocks were in focus after Prokhorov gained full control of Uralkali.
Nov 18, 2013 11:04 AM ET
Advent Intl intended to acquire Dutch software maker Unit4 NV for $1.58 billion. Boeing secured $100 billion of orders based on listed price from Emirates Airline. CareFusion agreed to acquire Vital Signs of GE Healthcare for $500 million. Tyson Foods net surged 40%.