Aug 11, 2015 3:09 PM ET
World markets were under pressure after China devalued yuan by 2% sparking worries about the health of the second largest economy. Google said it will restructure its operations as the company expands into many unrelated areas.
Aug 11, 2015 2:57 PM ET
Stocks in Japan closed lower after China devalued yuan by 2% to support economic growth and manufacturing exports. Dentsu Inc said quarterly revenues increased 15% and net soared 75%. Nitto Denko, the industrial polymers maker estimated annual sales to rise 5.4%.
Aug 11, 2015 2:47 PM ET
Australian market indexes declined after a string of weak quarterly results. Bradken and Transurban reported annual loss and Cochlear reported largest earnings decline in two years. China devalued its currency by 2% with the aim of supporting manufacturing sector.
Aug 11, 2015 1:30 PM ET
State Bank of India said quarterly profit and revenues jumped 10% and bad loans surged but said outlook is improving. Adani Enterprises revenues declined 9%. Tata Steel profit more than doubled while revenues slipped 15%. Bosch net rose 12%. Power Grid Corp net climbed 20%.
Aug 11, 2015 1:18 PM ET
Finland-based Konecranes and the U.S.-based Terex agreed to merge. Adecco net surged 32%. Leoni profit plunged 16%. Ladbrokes net swung to a loss of £41 million. Manz net swung to a loss. Prudential profit surged 25% to £1.4 billion.
Aug 11, 2015 1:29 PM ET
Envestnet agreed to acquire personal financial account aggregator Yodlee for $660 million. Shenandoah agreed to acquire NTELOS for $640 million. Ares Management net declined 32%. Symantec net tumbled 50%. Rentech net loss widened. Towers Watson net rose 8%. Zebra plunged after net swung to a loss.
Aug 10, 2015 1:16 PM ET
Merger deals powered market indexes higher on Wall Street. European markets closed mixed and wholesale price index in China dropped the most in July in six years.
Aug 10, 2015 12:53 PM ET
Nikkei average in Tokyo closed higher and investors digested earnings reports for the third week in a row. Dai-ichi Life Insurance reported quarterly net rose 68% and revenues surged 13%. Toyo Tire & Rubber surged after estimating lower-than-expected decline in annual net income.
Aug 10, 2015 12:18 PM ET
Australian market indexes advanced after a week of volatile trading and commodities prices rebounded. Ansell Ltd annual sales rose 3.5% and net soared more than four-fold. JB Hi-Fi soared 10% and declared annual dividend of 31 cents. Carsales.com agreed to acquire Mexico-based Soloautos.
Aug 10, 2015 11:44 AM ET
Berkshire Hathaway agreed to acquire Precision Castparts for $37.2 billion and said profit declined 37% to $4.01 billion. CVR Partners plans to acquire 59.7% stake in Rentech Nitrogen. AES net tumbled 48%. Dean Foods net swung to profit. Sysco profit plunged 71%.