Aug 31, 2015 1:03 PM ET
U.S. rate jitters dominated market sentiment in New York and in Europe. Crude oil halted the largest two-day advance and volatile Chinese stocks dropped as much as 4% before closing up. India stepped up investment in energy production with agreements in Mozambique and Iran.
Aug 31, 2015 12:46 PM ET
Bristol-Myers plans to acquire worldwide right for fibrosis drug from Promedior for $1.3 billion. Exelon reaffirmed to acquire Pepco Holdings. HealthSouth plans to acquire CareSouth Health for $170 million. Quanex Building Products agreed to acquire Woodcraft for $248.5 million.
Aug 31, 2015 12:37 PM ET
Nikkei average in Tokyo closed down following weak economic data. Industrial production in July declined unexpectedly by 0.6% and housing starts in the month plunged 7.4%. Auto production in the month decreased 5.9%.
Aug 31, 2015 12:21 PM ET
Volkswagen was ordered by international arbitration tribunal to sell its 19.9% stake in Suzuki Motor. Maersk received approval to develop the Culzean gas field in the North Sea, U.K. Bertelsmann profit surged 55%.
Aug 31, 2015 12:19 PM ET
Australian market indexes dropped more than 1% and investors focused on the possibility of the first U.S. rate hike in more than a decade as early as next months. Australian corporate gross profits declined 1.9% in the June quarter. Infigen Energy, wind farm operator, reported widening loss.
Aug 31, 2015 10:15 AM ET
ONGC plans to invest $24 billion in Mozambique to produce natural gas and Indian Oil plans to build a $3 billion petrochemicals plant in Iran. Gillette India profit surged 335%.
Aug 28, 2015 5:56 AM ET
Celgene completed the acquisition of Receptos for $7.2 billion. Neogen agreed to acquire the U.K.-based rival Lab M. Autodesk net swung to a loss. Big Lots offered higher annual outlook. GameStop profit surged 35%. OmniVision net tumbled 60%. Ulta Salon net surged 22%.
Aug 28, 2015 7:52 PM ET
Merck raised €2.1 billion through a bond offering of three tranches. Kier secured contract worth £1.5 billion from Scape Group. Volkswagen said it plans to invest $340 million to increase production capacity in South Africa. RWE, Siemens and Green Bank to build an offshore wind farm in the U.K.
Aug 28, 2015 7:51 PM ET
Australian market indexes gained and extended weekly advance. For the week, the ASX 200 index closed up 0.8%. Furniture and electronics retailer, Harvey Norman said annual net soared. Woolworths said full-year profit plunged 12.5%.
Aug 28, 2015 7:49 PM ET
Market indexes in Japan soared following a similar rebound in overnight trading in New York after the latest data offered a brighter view of the U.S. economic growth. However, caution prevailed and short selling ratio in Tokyo shot up to a record high of 39.8%.