May 12, 2014 8:45 AM ET
Ahmednagar Forgings climbed after revenue and profit surged. Blue Dart net plunged 27% but revenue soared. Balrampur Chini net climbed and sales dropped. Corporation Bank net tumbled 88% and Indian Bank net declined 7%. Torrent Pharma net surged 120%.
May 09, 2014 1:01 PM ET
ArcelorMittal quarterly net loss narrowed. Consolidated Edison climbed 80% after revenue jumped 14%. Dril-Quip profit rose 7%. Netflix hikes monthly fees. Omnicom agreed to terminate $35 billion merger deal. Ralph Lauren net surged 21%.
May 09, 2014 11:24 AM ET
New York based Omnicom Group Inc and Paris based Publicis Groupe SA abandoned their $35 billion merger. Both companies cited regulatory hurdles and lack of clarity of tax regime and the delay in deal also created confusion among employees and customers.
May 09, 2014 11:21 AM ET
April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.
May 09, 2014 11:20 AM ET
Publicis and Omnicom mutually agreed to terminate their $35 billion proposed merger. Petrofac plunged after weak forecast. Telefonica net tumbled 23% to €692 million. Tullett Prebon revenue dropped 12% to £248 million. Vestas Wind net swung to a profit.
May 09, 2014 11:04 AM ET
U.S. stocks struggled to rise above flat lines as deal talks dominated markets sentiment. Apple is in talks to acquire Beats Electronics for as much as $3 billion. Omnicom Group and Publicis Groupe abandoned $35 billion merger.
May 09, 2014 10:58 AM ET
Apple Inc in is in talk to acquire Beats Electronics for as much as $3 billion that will include its headphone business and musich service division. The Beats deal will be the largest acqusition in Apple''s history.
May 09, 2014 9:59 AM ET
In short trading week, Nikkei index in Tokyo trimmed weekly losses and investors focused on the latest batch of earnings. Konica Minolta said annual net increased 44.5%. Marubeni annual sales rose 28% and net soared 62%. Suzuki Motor annual sales rose 14% and net advanced 34%.
May 09, 2014 9:34 AM ET
Australian markets indexes turned lower and trading volume dipped near the low of the year. Reserve Bank of Australia held out for low interest rate in its quarterly policy statement. Federal government is scheduled to release its annual financial budget on Tuesday.
May 09, 2014 9:12 AM ET
Glenmark net tumbled 75 but revenue surged 27%. H T Media net swung to profit while NDTV sales dropped 30% and net swung to a loss. Ranbaxy net swung to a loss. Sintex net jumped 7%. Zuari Agro net swung to a profit.