Jul 14, 2014 12:01 PM ET
Stocks in Tokyo rebounded after a week of sharp losses and industrial output jumped in May. Softbank entered into a preliminary agreement to acquire U.S. based wireless carrier T-Mobile.
Jul 14, 2014 4:05 AM ET
Shire received revised offer from the AbbVie of £53.20 per share or £31.4 billion. Generali sell its unprofitable non-core unit BSI to BTG Pactual for 1.5 billion Swiss francs. Kuehne & Nagel net climbed 8% to 313 million francs. SEB profit surged 10% to 4.17 billion kronor.
Jul 14, 2014 11:22 AM ET
Polaris Financial gained after Orbitech sold 6,16,400 shares at Rs 226.93. Titan closed its two gold deposit schemes and expected to record sales in August. Tata Power seek shareholders approval to raise Rs 7,000 crore. Unichem Lab net declined but revenue jumped.
Jul 11, 2014 1:10 PM ET
Lorillard and Reynolds America confirmed merger talks and if successful the combined company will have $56 billion of worth. If consummated, the merger will combine the second- and third-largest tobacco makers.
Jul 11, 2014 1:04 PM ET
Reynolds America and Lorillard confirmed merger talks that could create a combined entity worth $56 billion. World markets extended weekly losses after fresh bank health worries in Europe and Cotton prices hit a two-year low and oil eased.
Jul 11, 2014 12:07 PM ET
Cray won $174 million contract from National Nuclear Security Administration. Fastenal profit and sales climbed. PriceSmart net surged 15%. Whirlpool plans to buy 67% voting stock of Italy-based Indesit for $1.03 billion. Wells Fargo net jumped 4%.
Jul 11, 2014 11:53 AM ET
Aker Solutions prepared to split into two and write down 1.6 billion kroner of assets. Friends Life divests its Lombard unit to Blackstone. Imperial Tobacco is in asset purchase talk with the U.S.-based Reynolds American and Lorillard. Whirlpool acquired a majority stake in Italy based Indesit.
Jul 11, 2014 10:11 AM ET
Stocks in Tokyo declined following market weakness across the euro zone and the yen advanced for the second day in a row. Fast Retailing declined 2% after the retailer lowered its annual earnings outlook for the second time on losses linked to its premium-denim unit.
Jul 11, 2014 10:40 AM ET
Britannia sold its factory land in Chennai for Rs 172 crore. Cera Sanitaryware net climbed 22% and revenue soared 28%. Himachal Futuristic sales and profit surged. Infosys net profit dropped 4% and helds fiscal outlook. Jay Bharat Maruti net jumped 33%.
Jul 11, 2014 9:54 AM ET
Australian market indexes gained and Aussie dollar closed below 94 U.S. cents. Fortescue Metals quarterly production increased but annual production fell below guidance. Transfield Services won $250 million military base management contract.