Apr 29, 2015 8:17 AM ET
Market indexes extended losses in Mumbai despite rising earnings from two largest wireless telecom services providers. Bharti Airtel net climbed 31% and Idea Cellular quarterly net surged 60%. Ambuja Cements revenues declined 8%. HDFC quarterly net soared 8%.
Apr 28, 2015 10:34 AM ET
Stocks on Wall Street in volatile trading reversed earlier losses after IBM and Apple hiked dividend and a private survey showed home prices increase more than expected in February. European markets dropped more than 1.3%. Crude oil jumped to a new 2015-high.
Apr 28, 2015 1:13 PM ET
Apple net surged 33% after sales climbed 27%. BP net tumbled 27% on 41% decline in revenues. Ford profit and sales dropped. Hartford net slumped 6%. Merck profit plunged 45%. Pfizer net barely rose 2%. Total net tumbled 20%. Whirlpool profit soared 19%.
Apr 28, 2015 11:21 AM ET
European markets dropped more than 1.3% on weaker than expected results. Banco Santander net soared 32%. Daimler profit surged 89% to €2.1 billion. Henderson first-quarter assets under management soared 10% to £89 billion. Man SE net swung to a loss. Orange revenues fell 1%.
Apr 28, 2015 8:57 AM ET
Australian market indexes turned lower after weak momentum in resource sector stocks. Lifestyle Communities agreed to acquire a land parcel for $11.5 million and plans to build retirement village in Victoria. Beach Energy first-quarter net declined 33%.
Apr 28, 2015 9:14 AM ET
Nikkei stock average in Tokyo closed higher amid corporate earnings and Fanuc soared 6% after industrial robot maker said it plans to pay 60% of its consolidate income as dividend. Komatsu declined 6% after the company estimated operating profit to fall 8.7%.
Apr 28, 2015 8:12 AM ET
Stocks in India rebounded and the rupee strengthened. Godrej Consumer Products quarterly net rose 13%. Kirloskar Brothers net more than doubled. RCom plans to raise $300 million through an international bond offering. Welspun net and revenues surged.
Apr 27, 2015 1:35 PM ET
On Merger Monday, iGATE agreed to be acquired by France-based Cap Gemini and Mylan rejected hostile offer from Teva Pharmaceuticals. Apple Inc is scheduled to release earnings after the bell. U.S. 10-year Treasury yield was 1.93% and the euro held at $1.08.
Apr 27, 2015 3:42 AM ET
Applied Materials and Japan-based Electron agreed to terminate $10 billion merger agreement. iGATE jumped after CapGemini proposed a $4 billion merger. Laboratory Corp net tumbled 99%. Mylan rejected bid from Teva Pharma and reaffirmed its $33 billion Perrigo bid.
Apr 27, 2015 10:58 AM ET
Capgemini revenues soared 11% and agreed to acquire iGATE for $4 billion. Deutsche Bank profit tumbled 50% to €559 million on €1.5 billion of litigation expenses. HSBC intends to spin-off U.K. retail banking business. Sandvik net plunged 72.1%.