Dec 20, 2013 11:35 AM ET
Australian stocks extended gains and closed up 3.3% in the week. Ahead of holiday week, trading volume surged and resource and bank stocks led the gainers. Telstra Agreed to sell its Hong Kong based mobile business CSL for $2.43 billion.
Dec 20, 2013 11:22 AM ET
AAR net climbed 12%. CarMax net soared 12%. Cintas profit jumped 9% and sales increased 8%. Nike net surged 40% after revenue rose 8%. Red Hat net soared 49% as revenue jumped 15%. TIBCO tumbled 14%. Walgreen net jumped 5%.
Dec 20, 2013 10:53 AM ET
AstraZeneca agreed to buy diabetes-treatment business from Bristol-Myers for $4.1 billion. BAE confirmed £6 billion deal for 60 Euro-fighter with UAE has not concluded. Deutsche Bank agreed to pay $1.9 billion to settle the mortgage-backed securities claims.
Dec 20, 2013 10:40 AM ET
Bajaj Electricals estimated Rs 5,000 crore sales in fiscal 2014. Maruti Suzuki rose after its parent in Japan plans to increase its holding. IDFC reduced foreign holding to secure a banking license.
Dec 19, 2013 12:57 PM ET
Stocks on Wall Street eased after a rally in the previous session. The Fedís low interest rate outlook and gradual tapering plan announcement supported a surge in the market that many think will continue in the first quarter next year.
Dec 19, 2013 12:36 PM ET
Nikkei in Japan soared following the Fed announcement of gradual tapering plan and low interest rate for two more years. The clarity form the U.S. Fed lifted market sentiment. Tokyo Electron estimated net loss on the write down of its solar business.
Dec 19, 2013 9:50 AM ET
Australian indexes soared more than 2% following the Fed announcement of a gradual reduction in its huge bond purchase program and clarity on low interest rates for two more years. Cove-More Group Limited, travel insurer priced its initial public offering at $2 a share.
Dec 19, 2013 9:29 AM ET
Algeta agreed to be acquired by Bayer $2.9 billion. Daimler Benz agreed to acquire 5% stake in Aston Martin. Essar Energy plans to reduce capital expenditure. Saab won contract to supply 36 jet fighters in a deal worth $4.5 billion.
Dec 19, 2013 9:20 AM ET
BHEL awarded Alstom India a contract worth Ä125 million. Adani Ports completed port project worth Rs 400 crore and eight months ahead of schedule. AIA Engineering plans to double production capacity. DLF sold its insurance business to Dewan Housing.
Dec 18, 2013 1:18 PM ET
U.S. indexes drifted lower and new home construction soared 23% in November. Building permits in the month declined 3%. Silver Lake and William Morris agreed to acquire IMG Worldwide for $2.4 billion from Forstmann Little.