Apr 08, 2014 11:29 AM ET
Matchtech profit surged 49% and revenue climbed 12%. Suedzucker tumbled after profit plunged 32% to €658 million. Sports Direct declined after Mike Ashley sold 4% stake worth £204 million in the company. Saint Gobain fell after Groupama sold its entire stake of 1.8%.
Apr 08, 2014 11:41 AM ET
Current account swung to a surplus in Japan for the first time in five months in February. Trade deficit in the month narrowed but is expected to increase if imports sustain the momentum after the latest tax increase.
Apr 08, 2014 9:42 AM ET
Australian stocks opened lower following the weak market closes in Europe and New York and trading volume was near the low in the year so far. Australian dollar edged higher. Affinity Education Group Limited proposed to acquire a portfolio of centers for $80 million.
Apr 07, 2014 12:27 PM ET
Arthur J. Gallagher net surged 22% and agreed to acquire the insurance business of Australia-based Wesfarmers Limited for $1 billion. Energen agreed to sell Alabama Gas business to Laclede for $1.6 billion. Mallinckrodt agreed to acquire Questcor for $5.6 billion.
Apr 07, 2014 11:15 AM ET
Three large merger deals in U.S., Europe and India dominated Monday news as traders focused on highflying tech stocks. Holcim Ltd and Lafarge SA agreed to merge to form the largest cement maker. Daiichi Sankyo sells Ranbaxy stake to Sun Pharma. Mallinckrodt PLC to acquire Questcor for $5.6 billion.
Apr 07, 2014 11:11 AM ET
U.S. stocks extended losses for the third day and three large merger deals were announced in India, U.S. and Europe. The market correction continues across many sectors led by 15% losses in high flying Internet stocks. Investors are anticipating 16 IPOs to be completed this week.
Apr 07, 2014 11:03 AM ET
Alfa Laval agreed to buy Norway-based Frank Mohn for 13 billion kronor. Holcim and Lafarge agreed to a merger of equals to form the world’s biggest cement maker. Roche Holding agreed to acquire IQuum for $450 million. Vivendi agreed to sell its SFR unit to Altice for €17 billion.
Apr 07, 2014 10:02 AM ET
Stocks in Tokyo closed lower for the second day in a row. The Bank of Japan commenced its 2-day meeting that may lead to no change in its bond purchase program. Daiichi Sankyo gained 3% after the company agreed to sell Ranbaxy Laboratories for $3.2 billion.
Apr 07, 2014 9:59 AM ET
Australian stocks declined and trading volume fell to the low in the year so far following the weakness in the U.S. markets on Friday. Australian dollar held firm near the high in the year.
Apr 07, 2014 9:37 AM ET
BHEL annual profit declined 51% and revenue dropped 20%. GMR won airport development contract from Philippines. IL&FS emerged as the lowest bidder for road contracts worth Rs 290 crore. Sun Pharma agreed to buy Ranbaxy for about $3.2 billion.