Jun 27, 2014 8:58 AM ET
Australian stocks eased on Friday but for the week gained after iron ore prices firmed up in international markets. Reserve Bank of Australia is scheduled to meet and China is set to report its official manufacturing index on Tuesday. WestSide rejected $178 million offer.
Jun 27, 2014 8:57 AM ET
GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.
Jun 26, 2014 12:44 PM ET
Stocks on the Wall Street traded lower and a top policy maker at the Federal Reserve estimated interest rates to rise in 2015. Leading brokerage firms are severing ties with dark pool managed by Barclays after fraud allegation by the New York State. Frank Russell agreed to a $2.7 billion deal.
Jun 26, 2014 12:28 PM ET
Alcoa agreed to acquire Firth Rixson for $2.85 billion in cash. Bed Bath & Beyond net dropped 8%. ConAgra net swung to a loss. HB Fuller net rose 4%. Lennar reported quarterly net nearly flat at $138 million. McCormick profit jumped 8%.
Jun 26, 2014 11:33 AM ET
Stocks in Tokyo advanced and investors focused on the probable revival of economic growth in the second quarter in the U.S. Rakuten, the online retailer, jumped 3% on speculation that the company may launch a discount airline with Air Asia.
Jun 26, 2014 11:21 AM ET
Barclays was sued by the New York attorney general for falsifying marketing material for dark pool trading. Dixons Retail net loss narrowed to £70.3 million. Dart Group profit surged 15% to £36 million. LSE agreed to acquire the U.S.-based asset manager Frank Russell for $2.7 billion.
Jun 26, 2014 10:18 AM ET
In a sign of growing employment, Australian job vacancies in the quarter May increased to highest in a year. Australian court delivered two different verdicts in cases involving slot machines and the Victoria State.
Jun 26, 2014 8:50 AM ET
Crompton Greaves in a consortium won €150 million project in Netherlands. Essel Propack acquired its subsidiary EP Lamitubes. L&T acquired 74% stake in Thales Software India. RCom raised about $500 million to finance the maturing debt.
Jun 25, 2014 12:43 PM ET
Apollo Education net declined 11%. Apogee net surged 47%. Barnes & Noble net loss narrowed and the retailer plans to spin-off its Nook tablets and college books businesses. General Mills profit climbed 10%. Lindsay net tumbled 37%. Monsanto profit slumped 6%.
Jun 25, 2014 12:10 PM ET
Aker Solutions dropped after $250 million contract was terminated by Total SA. GDF Suez slid after France government sold its 3.1% stake. Northgate net swung to profit. Stagecoach profit climbed 5% to £133 million.