Aug 24, 2015 1:09 PM ET
Australian market indexes plunged 4% following a global market sell off. Crude oil fell more than 2% after another day of sharp decline in Shanghai and Hong Kong. Caltex, Fortescue and Lend Lease reported weakening quarterly results. Blue Scope Steel swung to quarterly profit.
Aug 24, 2015 12:37 PM ET
Southern Co agreed to acquire AGL Resources for $12 billion. Belk agreed to be acquired by Sycamore Partners for $3 billion. Cobalt Intl agrees to sell its 40% stakes in two offshore oil exploration blocks in Angola to Sonangol for $1.8 billion.
Aug 24, 2015 12:24 PM ET
European markets dropped nearly 4% as world markets sell off extended to the second week. Amlin profit dropped 2% and the company denied reports that it is looking to sell its business. Bunzl profit surged 17% to £105 million. Punch Taverns divests its 158 pubs.
Aug 24, 2015 9:45 AM ET
Stock markets plunged nearly 6%, the biggest falls since January 2009 after a sell-off in Shanghai for the second week extended global market losses of more than 10% from the recent highs. Central government plans to sell 10% stake in India Oil and raise up to $1.5 billion.
Aug 21, 2015 1:42 PM ET
World markets declined from Shanghai to Mumbai to Frankfurt to New York and several market indexes registered losses of more than 4% in the week. Investors have been selling stocks on the stretched valuation in U.S., lack of visible growth in the euro zone and sharpening slowdown in Asia.
Aug 21, 2015 1:11 PM ET
Australian market indexes extended weekly losses on growing China worries and weakening international sentiment. ASX 200 dropped the most in six years as crude oil extended weekly losses in a second sell-off in the calendar year. Santos Ltd said quarterly revenues fell 15% and net plunged 82%.
Aug 21, 2015 12:49 PM ET
Deere net plummeted 40% on 20% fall in revenues. Foot Locker net surged 29%. GAP net tumbled 34%. Hibbett Sports profit plunged 17% and the retailer lowered fiscal outlook. In its last result before split, HP said net and revenues declined. Intuit net swung to profit. Salesforce net loss narrowed.
Aug 21, 2015 12:22 PM ET
Market indexes on Dalal Street declined and rupee struggled despite the yearlong correction in crude oil price. Central government is planning to sell 10% stake in Coal India. HCL Infosystems reported slightly narrower quarterly loss.
Aug 21, 2015 12:11 PM ET
Nikkei average in Japan and market indexes in Tokyo dropped following deepening losses in New York and Europe. Commodities also extended losses in the year after crude oil and copper flirted with new six-year lows. Nikkei dropped 2.9% today and plunged 5.3% in the week.
Aug 21, 2015 11:25 AM ET
European markets accelerated decline on the growing worries in the euro zone and deepening correction in commodities. Glaxo divest its rights to a drug for auto-immune diseases to Novartis for £637 million. Royal Vopak profit surged 17%. Vitol agreed to acquire 50% stake in VTTI for $830 million.