Dec 11, 2014 4:28 PM ET
Stocks on Wall Street surged after better-than-expected increase in retail sales offered yet another confirmation of widening and improving economic activities. Retail sales rose 0.7%, weekly new claims of unemployment were below 300,000 and import price inflation was at a 2-year low on cheaper oil.
Dec 11, 2014 12:23 PM ET
Ciena net loss widened after revenues barely rose 1%. Danaher reaffirmed fiscal outlook. Lululemon revenues rose 9% but net dropped by the same amount. Lowe''''s jumped on positive outlook. Methode Electronics net surged 31%. Yum! Brand profit guidance.
Dec 11, 2014 11:49 AM ET
Stocks in Tokyo closed lower and extended 2-day losses to more than 3% after investors worried about the impact of the sharp plunge in oil prices since July. Hair transplant service provider and wigs maker, Aderans Co Ltd said sales growth though brisk edged lower in November.
Dec 11, 2014 11:06 AM ET
Inditex profit rose 1% to €1.7 billion on 17% increase in revenues and estimated five weeks sales surged 14%. Sports Direct profit climbed 7% £115 million. Supergroup first-half profit surged 446% to £13 million. Whitbread third-quarter sales climbed 13%.
Dec 11, 2014 10:57 AM ET
Australian unemployment rate increased to a 12-year high as the job creation slows down and energy companies curtail investments. Santos Limited plunged 8% after the natural gas explorer announced 25% cut in 2015 exploration budget, following other energy companies.
Dec 11, 2014 8:38 AM ET
Government approved to close down EIL unit in Malaysia. M&M agreed to acquire a stake in Sweden-based Saab. NTPC signed two term loan agreements worth Rs 3,000 crore. ONGC won an offshore oil and gas exploration block in New Zealand.
Dec 10, 2014 12:40 PM ET
Stocks in New York and in Europe extended two-day losses after crude oil deepened losses on a weak outlook from the OPEC. The 12-member organization estimated world demand for its oil to drop to a 12-year low in 2015.
Dec 10, 2014 12:02 PM ET
Belden agreed to acquire Portland-based privately-held Tripwire for $710 million. Costco net soared 17% on 7% increase in revenues. Comverse net tumbled 96%. Ferrellgas net loss widened. Krispy Kreme profit climbed 19%. Korn-Ferry net soared 35.1%. Toll Brothers net surged 39%.
Dec 10, 2014 11:59 AM ET
Ashtead Group profit surged 27% to £166 million on 23% increase in revenues. BG Group agreed to sell pipeline network of Queensland to APA Group for about £3.2 billion. Serco won five-year contract worth £1 billion in Australia. Tui AG net swung to profit to €105 million.
Dec 10, 2014 10:27 AM ET
Market averages in Tokyo plunged 2.2% after investors reacted to the growing political turmoil in the euro zone. Greece is likely to delay its exit from the bailout and may not meet the terms set by the troika of international lenders. Skymark and ANA may enter into a code share alliance.