Dec 24, 2014 10:39 AM ET
HeidelbergCement agreed to sell its brick and roof-tile business to Lone Star Funds for $1.4 billion. Pearson agreed to sell its stake in Nook Media to Barnes & Noble for $28 million. Smith & Nephew surged after Stryker plans to offer a substantial premium.
Dec 24, 2014 10:09 AM ET
IOCL plans to invest Rs 6,800 crore to expand its Gujarat refinery unit. Neyveli Lignite plans to import coal worth Rs 14,375 crore for power project in UP. UltraTech Cement agreed to buy two cement plants worth Rs 5,400 crore from Jaiprakash Associates.
Dec 23, 2014 2:41 PM ET
Market indexes extended gains in the week, in the month and in the year after the U.S. revised third quarter economic growth rate to 5%. Tech stocks led the charge and retailers gained on the expectations of stronger-than-expected holiday sales.
Dec 23, 2014 12:16 PM ET
Cargill rejected acquisition plan for Nutreco NV. Radian Group agreed to sell financial-guaranty business to Assured Guaranty for $810 million. Steelcase net declined 49% after revenues barely rose 2%. Sierra agreed to acquire Wireless Maingate. Walgreen profit climbed 16%.
Dec 23, 2014 10:22 AM ET
BBVA agreed to sell 29.7% stake in a Hong Kong-based Citic Intl for about €845 million. Nutreco declined after the U.S.-based Cargill rejected acquisition plan. Oerlikon agreed to sell its Advanced Technologies unit to Evatec. Thorntons tumbled on weak outlook.
Dec 23, 2014 10:13 AM ET
Australian stocks halted a 4-day rally and resource and bank stocks led the decline. Investors also pushed oil lower after Saudi Arabia reaffirmed its commitment to maintain production level even if oil drops to $20 a barrel.
Dec 23, 2014 9:46 AM ET
Alstom T&D India secured a contract worth Rs 180 crore from NTPC. Cipla won an order for about Rs 1,100 crore in South Africa. Madhucon Projects to sell 74% stake in its subsidiaries. Mukand transfer its alloy steel business worth Rs 1,590 crore to its subsidiary.
Dec 22, 2014 2:35 PM ET
Stocks on Wall Street advanced after a rally in oil price lifted energy complex. However, the early rally in oil and gold, silver and copper faded and prices of commodities declined in the afternoon. European and Asian markets closed higher.
Dec 22, 2014 12:02 PM ET
Anthem agreed to acquire Simply Healthcare and maintained profit forecast. Caesars Entertainment consolidates Caesars Acquisition. Carnival net swung to a loss of $102 million. Ennis declare quarterly cash dividend. Raytheon secured contract worth $2.4 billion from Qatar.
Dec 22, 2014 11:24 AM ET
Australian stocks staged a rebound after crude oil prices advanced. Australia lowered its iron ore price for exports by 33% in 2015, third downward revision in the year. Fairfax announced to merge its radio station with Macquarie Radio Network.