Dec 31, 2014 12:55 PM ET
World markets closed down on the final day of trading and U.S. indexes stretched annual gains for the third year in a row but larger European markets fell. Indexes in Shanghai and Mumbai led the advances in global markets and Russia and Greece led the decliners.
Dec 31, 2014 11:44 AM ET
Meadowbrook agreed to be acquired by China-based conglomerate Fosun Intl for $433 million. Under Armour signed a 4-year partnership with Andy Murray for £15 million. VSE Corp agreed to acquire four business units of Killick Aerospace for $184 million.
Dec 31, 2014 11:29 AM ET
Market indexes in Germany and U.K. drop more than 2% and indexes in France fell 0.5%. Greece and Italy led the region with a drop of more than 28%. Spain closed higher. Bwin.Party lowered its fiscal revenue guidance and the online gambling site operator is in talks to sell its social gaming business
Dec 31, 2014 9:10 AM ET
Australian market indexes gained more than 1% but resource stocks plunged after coal and oil prices suffered worst decline since 2008. For the year, oil declined nearly 50%, and Santos Limited plunged 40%. BHP Billiton lost 22% and Rio Tinto declined 14%.
Dec 31, 2014 8:27 AM ET
KEC International secured new contracts worth about Rs 1,412 crore. L&T won contracts worth Rs 2,521 crore. MCFL said Zuari group plans to buy 36.56% stake in the company. NTPC terminated the Barh contract with Russia.
Dec 30, 2014 1:29 PM ET
Market indexes in Japan closed higher for the third year in a row. Nikkei 225 gained 7.1% and Topix index added 8.1% in 2014. The yen remained weak as the Bank of Japan targeted higher inflation and drove the currency down.
Dec 30, 2014 12:00 PM ET
Australian market indexes dropped 1% and the Aussie dollar weakened after crude oil price eased and fell to a new low in the year. CuDeco Limited soared 18% after the copper miner issued production report.
Dec 30, 2014 11:24 AM ET
Empyrean Energy profit surged on 32% increase in revenues. Next forecasted profits for the year to increase 1% to £775 million as full-price sales jumped 3%. Nanoco signed a manufacturing contract with Dow Chemical. Progility acquired a unit of India-based Unify Group.
Dec 30, 2014 10:15 AM ET
Cabinet in India approved to increase government''s stake to 51% from 47.93% in IFCI. IDBI Bank plans to sell its entire stake in CARE. Oil India established its 5 megawatt solar power plant in Rajasthan.
Dec 29, 2014 4:58 PM ET
U.S. market indexes extended gains and the benchmark indexes closed at new highs. European markets were under pressure as Greece is heads for snap election.