Jun 05, 2014 10:53 AM ET
Softbank is nearing a deal to merge its U.S. based Sprint Corp with T-Mobile US Inc. At $40 a share, T-Mobile is valued at $31 billion and after the merger, Deutsche Telekom will control 15% stake in the merged wireless carrier.
Jun 05, 2014 10:31 AM ET
Australian stocks traded lower and the Aussie dollar held firm near its high in the year so far. Oil Search lifted its annual production outlook. Graincorp Ltd plans to invest $200 million to enhance storage network.
Jun 05, 2014 10:12 AM ET
Idea plans to raise $500 million through a stock offering. Jagran Prakashan net soared 51%. M D Overseas net swung to a loss. Piramal acquired 10% stake in Shriram City Union Finance. SML Isuzu May sales jumped.
Jun 03, 2014 1:06 PM ET
U.S. auto sales increased 11% in May and Chrysler sales in the month surged 17%, Ford sales rose 3% and GM sales jumped 13%. Toyota sales soared 17%. KKR agreed to buy Internet Brands $1.1 billion.
Jun 04, 2014 12:08 PM ET
ABM Industries net declined 21% but revenue increased 5%. Ambarella net jumped 6% but sales soared 21%. Ascena Retail net rose 3% after sales edged up. Cyberonics profit surged 60% and revenue climbed 9%.
Jun 04, 2014 11:59 AM ET
Dufry agreed to acquire Nuance Group for 1.55 billion Swiss francs. Lafarge will merge its South Africa unit with Lafarge Wapco. Pemex sold its 7.9% stake in Repsol worth €2.1 billion. Tesco sales slipped 1.2%. Volkswagen raised €2 billion to acquire Scania AB.
Jun 04, 2014 11:05 AM ET
U.S. exports declined 0.2% to $193.3 billion in April, a decline of $300 million from March and imports increased 1.2% or $2.7 billion to $240.6 billion, the Commerce Department said today.
Jun 04, 2014 10:57 AM ET
U.S. stocks traded sideways and a measure of productivity showed a sharp decline in the first quarter. U.S. trade deficit widened to a 2-year high on higher imports of foods, auto, electronic products and crude oil.
Jun 03, 2014 10:04 AM ET
Pennon Group profit surged to £158 million on revenue increase of 10% to £1.3 billion. Tesco estiamted first-quarter sales to drop 3.1%. Wolseley said operating profit jumped 9.1% to £155 million but revenue dropped 3.4% to £3.11 billion.
Jun 04, 2014 9:36 AM ET
Stocks in Tokyo closed higher for the tenth day in a row in a longest rally in five years as investors focused on rising dollar and the monetary stimulus in Europe. Dai-ichi Life confirmed the purchase of U.S. based protective Life for $5.7 billion.