Jun 12, 2014 10:43 AM ET
Australian stocks traded lower on the weakness in resource sector. Investors have shifted focus to smaller companies but three most actively traded stocks. BHP, Commonwealth Bank and Westpac Banking led the most active list. Jobs creations slowed for the first time in four months.
Jun 12, 2014 9:56 AM ET
Asian Paints completed acquisition of Ess Ess bathroom products. Essar plans to raise up to $600 million. Infosys appointed Vishal Sikka as new CEO, the first outsider to lead the company. Jaiprakash Associates sold its Gujarat plant to UltraTech Cement.
Jun 11, 2014 12:38 PM ET
U.S. stocks traded lower after rising for four days and the prospect of political gridlock rose in Washington after the U.S. House Majority Leader Eric Cantor lost to a Tea Party backed candidate.
Jun 11, 2014 12:30 PM ET
Ares Management net and revenue surged. H&R Block net climbed 37% and sales soared 18%. Synaptics lifted its revenue outlook and agreed to acquire Japan-based Renesas SP Drivers for $475 million. Ulta Salon net jumped 19% and revenue surged 23%.
Jun 11, 2014 11:27 AM ET
CommerzBank sold non-performing loans portfolio for €5.1 billion. Lufthansa said passenger revenues in May jumped 3.9% and lowered its profit outlook. Inditex net declined 7% to €406 million and scheduled a stock split on July 15. Vallourec lowered its forecast.
Jun 11, 2014 10:20 AM ET
Stocks in Tokyo advanced a day after trading lower and extended 14-day gain and the yen closed lower. Wholesale prices in May rose at the fastest pace in 5% on sales tax increase. Nissan is scheduled to launch its first electric vehicle in domestic market in October.
Jun 11, 2014 10:21 AM ET
Trading in Australian stocks remained subdued as large and foreign investors stayed away from leading resource companies in Australia. Aussie dollar advanced as currency traders forecasted parity with the U.S. dollar. Downer EDI plunged after BHP cancelled a mining contract.
Jun 11, 2014 9:16 AM ET
Future Retail to raise up to Rs. 2,000 crore to reduce the debt. Indian Hotels received regulatory approvals to raise as much as Rs 1,000 crore through a rights issue. L&T plans to sell 1.6% stake in its financial services unit. SBI to consolidate several subsidiaries.
Jun 10, 2014 12:59 PM ET
Burlington Stores net swung to profit after sales soared. HD Supply net loss narrowed but sales climbed 6%. International Game Technology hired bankers. Metlife plans to repurchase shares up to $1 billion. Pep Boys net tumbled 59%. RadioShack net loss widened.
Jun 10, 2014 12:14 PM ET
Stocks on Wall Street searched for a direction after rising in seven of last eight sessions. S&P 500 index has rebounded 7.5% from the low in April and gained 5.4% in the year so far.