Dec 18, 2014 2:12 PM ET
Accenture net soared 11% on 7% increase in revenues. Actuant net declined 31%. ACE agreed to acquire the U.S.-based Fireman''''s Fund from Allianz SE for $365 million. ConAgra profit tumbled 96% and sales dropped 2%. Rite Aid net surged 47%. Scholastic net soared 18%.
Dec 18, 2014 12:01 PM ET
Fortune Oil agreed to acquire by Fortune Dynasty Holdings for £388 million. Hansteen Holdings sell 11 assets in UK for about £43.9 million. Swisscom declined after French billionaire Xavier Niel agreed to acquire Orange Switzerland for 2.8 billion Swiss francs.
Dec 18, 2014 10:44 AM ET
Stocks in Australia closed higher following a rebound in Asian markets after the U.S. Fed left its key rate unchanged showed patience towards rate hike in 2015. Lovisa Holdings completed its $2 a share initial public offering and said annual sales rose 30%.
Dec 18, 2014 12:29 PM ET
Stocks in Japan shot up following a surge in U.S. market indexes after the Fed appeared to be in no hurry to advance rate hike schedule in 2015. Adventure, the online air ticket site operator, soared 87% on debut. Dairei Co and Gumi closed below initial public offering prices.
Dec 17, 2014 9:06 AM ET
FedEx net soared 23% on 5% increase in revenues. General Mills net declined 37%. Herman Miller net swung to profit. Jabil Circuit profit tumbled 39% despite revenues climbed 5%. Oracle net dropped 2%.Worthington Ind net jumped 28%.
Dec 17, 2014 9:04 AM ET
Dixons Carphone net loss widened despite revenues surged nearly three-fold. Evraz delayed initial public offering of its North American unit.
Dec 18, 2014 9:03 AM ET
Godrej Ind sold stake in Godrej Properties and raised Rs 75 crore. IOCL started refinery of 15 million metric ton per year capacity in Odisha. L&T and Canada Pension Plan Investment Board invested Rs 1,000 crore in subsidiary of L&T.
Dec 17, 2014 3:21 PM ET
Federal Reserve at the end of its two-day meeting lowered its assessment of jobless rate and inflation next year and softened its tone towards the rate hike in 2015.
Dec 17, 2014 2:19 PM ET
President Barack Obama at a White House briefing this afternoon announced the end of diplomatic isolation of Cuba in place since 1961.
Dec 17, 2014 1:41 PM ET
U.S. stocks on Wall Street traded higher after the latest decline in CPI was larger than expected. The fifth monthly only price decline drove the fall in the reported measure of inflation that many believe understates the inflation. U.S. lifted diplomatic sanctions on Cuba after five decades.