Dec 09, 2013 12:11 PM ET
Stocks in Japan and Asia gained. Nikkei Stock Average in Tokyo soared 2.3% and the yen dropped below 103 level against one dollar. Japan lowered its third quarter economic growth estimate to 1.1% from the previous estimate of 1.9%.
Dec 09, 2013 11:19 AM ET
Sysco agreed to acquire US Foods for about $3.5 billion. Essex Property proposed to acquire BRE Properties for $4.48 billion. Given Imaging agreed to be acquired by Covidien for $860 million. Ingles Markets net climbed 17%.
Dec 09, 2013 10:50 AM ET
Australian stocks traded lower but market indexes in Asia gained. QBE Insurance plunged 22% after the company issued a second profit warning and said Chairman Belinda Hutchison has resigned. TPG Telecom soared 14% after the telecom company agreed to a $450 million deal with New Zealand Telecom.
Dec 09, 2013 10:22 AM ET
Bharti Airtel signed partnership with Punjab to expand high speed 4G LTE wireless services. Coal India is reviewing five proposals for mine acquisition in Indonesia. JSW plan to bid for Indian assets of U.K.-based Stemcor. Maruti and Tata plan to increase the prices from January.
Dec 09, 2013 10:04 AM ET
Kuwait Airways agreed to acquire 25 Airbus planes. Balfour Beatty secured £121 million joint venture contract with Kier. EADS plans to cut 5,000 jobs and sell its Paris headquarters. HSBC plans to spin-off its bank business in U.K.
Dec 06, 2013 12:55 PM ET
Stocks in New York traded higher and unemployment rate in November declined to 7%, a five-year low. Employers added 203,000 staff in the month from revised 200,000 increase in October. Consumer confidence index increased more than expected in December.
Dec 06, 2013 11:59 AM ET
American Eagle Outfitters net tumbled 68%. Big Lots said net loss widened. Cooper net climbed 20%. Five Below net plunged 34%. Finisar net soared 11%. Sears plans to spin-off Lands End. Ulta Salon net climbed 13%.
Dec 06, 2013 11:26 AM ET
Nikkei Stock Average in Tokyo gained 0.8% and investors focused on the Fed tapering as early as next month. Nissan Motor estimated China sales to increase 7.5% but Honda offered additional discounts to U.S. dealers.
Dec 06, 2013 10:34 AM ET
Berkeley profit climbed 22% to £131 million. Domino''s Pizza chief executive officer resigned. Lloyds sold loans portfolio for £257 million. Nestle sold its stake in Givaudan for 1.2 billion francs. Total SA agreed to acquire stake in InterOil controlled oil field for $3.6 billion.
Dec 06, 2013 10:15 AM ET
Australian market index closed lower and for the week fell 2.5%. Fortescue reaffirmed its target to cut debt more than half but did not set the timetable. Competition commission limited the fuel discounts Woolworths and Coles can charge. Qantas debt was downgraded to a junk rating.