May 13, 2014 10:32 AM ET
Australian stocks gained and the Aussie dollar traded at elevated level. Seasonally adjusted home loans in March declined 1.1% but home prices across capital cities increased 1.7%. PanAust Limited rejected a takeover from a China controlled investment company.
May 13, 2014 3:37 AM ET
Bank of Baroda net and revenue climbed. Castrol net plunged 19% but sales rose. Dr. Reddy''s net declined 16% after revenue flat. Finolex profit tumbled 29% but sales soared 33%. Just Dial profit climbed 60%. PNB net plunged. Torrent Power net surged six-fold.
May 12, 2014 12:05 PM ET
Market indexes in Mumbai soared 5.5% in two days of trading after investors speculated BJP led alliance is likely to form the most stable government in three decade.
May 12, 2014 11:54 AM ET
Allergan rejected unsolicited proposal of $46 billion from Valeant Pharma. Bridgepoint Education plunged on quarterly net loss. Gogo surged after net loss narrowed. Hillshire Brands agreed to acquire Pinnacle Foods for $4.23 billion. MannKind net loss widened.
May 12, 2014 11:29 AM ET
Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion in cash and stock. Including the debt, the deal is valued at $6.6 billion. Separately, Allergan board rejected Valeant Pharmaceutical unsolicited offer of $50 billion.
May 12, 2014 11:33 AM ET
Tech stocks led the S&P 500 index to a new high and deal news dominated Monday trading. Allergan rejected Valeant Pharmaceutical unsolicited offer. Hillshire Brands agreed to acquire Pinnacle Foods for $4.3 billion.
May 12, 2014 11:03 AM ET
Alstom secured a Ä150 million contract from Azerbaijan. BSkyB is in talk to acquire 57% stake in Sky Deutschland AG and Sky Italia for Ä3.2 billion. Carphone Warehouse plans to merge with Dixons in a deal valued £3.6 billion.
May 12, 2014 9:58 AM ET
The Ministry of Finance said Japanís current-account surplus in the year ended March tumbled 81.3% to 789.9 billion yen from 4.2 trillion yen a year ago, the lowest since finance ministry recording comparable data in 1985.
May 12, 2014 3:21 AM ET
Japanís current account in the fiscal year to March shrank 81% to 790 billion yen after exports dropped 12% to nearly $700 billion and imports soared 20% to $805 billion. Nissan reported higher fiscal year sales and earnings. Olympus annual sales declined 4% but net plunged 70%.
May 12, 2014 8:59 AM ET
Australian indexes eased and the Aussie dollar gained. Dart Energy soared 28% on a takeover offer. G8 Education completed deft offering of $150 million in Singapore. Kimberley plunged 41%.