- Hiruki Nakamura
- 26 Sep, 2013
- New York City
Lixil Group Corp and Development Bank of Japan agreed to acquire sanitary fixtures maker Grohe Group for 3.06 billion euros or $4.1 billion.
- Marcus Jacob
- 26 Sep, 2013
- New York City
Australian job vacancies declined 3.7% in the quarter to August. Australian market indexes rebounded in the afternoon traded and closed below 1% of its five-year high reached last week. Sonic Healthcare acquired Germany based Labco for $110 million.
- Nichole Harper
- 25 Sep, 2013
- New York City
U.S. stocks shrugged off early weakness and rebounded after falling for three days in a row as lawmakers debate terms of debt ceiling limit. U.S. Treasury Secretary estimated government cash will drop to $50 billion in three weeks.
- Mukesh Buch
- 25 Sep, 2013
- New York City
AutoZone net surged. Ascena Retail surged after profit climbed on higher sales. The merger between Applied Materials and Tokyo Electron will create the largest chipmaker with $29 billion in sales. Clovis plunged. Carnival net plunged 30%. Stryker agreed to acquire MAKO Surgical for $1.65 billion.
- Hiruki Nakamura
- 25 Sep, 2013
- New York City
Stocks in Tokyo eased ahead of sales tax decision by prime minister next week. Tokyo Electron agreed to be acquired by Applied Materials in all stock deal valued at $7 billion. Electronics and auto makers led the decliners in Tokyo trading today.
- Nigel Thomas
- 25 Sep, 2013
- New York City
Airbus secured two orders worth $4.2 billion from a startup airline in China. Centrica will write-off nearly
- Devan Biswas
- 25 Sep, 2013
- New York City
Applied Materials agreed to acquire Tokyo Electron Limited for $7 billion in a largest cross-border deal for a Japanese company in six years. The fast consolidating chip making industry is suffering from falling demand and rising R&D costs.
- Marcus Jacob
- 25 Sep, 2013
- New York City
Australian stocks rebounded after declining for three days. Reserve Bank of Australia in its half-year review said home owners not to expect the repeat price gains in the last decade. David Jones reported a less than expected decline in profits.
- Nigel Thomas
- 24 Sep, 2013
- New York City
Burckhardt expects sales for the year to surge 20% but profit margin is expected to fall below estimates. Close Brothers net soared 20% to
- Mukesh Buch
- 20 Sep, 2013
- New York City
Agilent plans to split into two publicly traded companies. Cintas net barely rose 1% after revenue climbed 7%. Darden Restaurants declined 37% as same-restaurant Sales in the quarter. Tibco Software profit plunged 18%.
- Nigel Thomas
- 20 Sep, 2013
- New York City
adidas lowered its profit estimate for the year. BrainJuicer stock jumped after profit surged 81%. Daimler expects second-half sales to be ahead of comparable period a year ago. RBS sold its 20% stake in Direct Line Insurance for
- Mukesh Buch
- 19 Sep, 2013
- New York City
ConAgra net tumbled 42% but revenue surged 27%. Clarcor profit slipped 5% and IHS net declined 47% and revenue soared 25%. Oracle net climbed 8%. Pier 1 net plunged 32% and Rite Aid net swung to profit. Scholastic said net in the quarter narrowed.
- Nigel Thomas
- 19 Sep, 2013
- New York City
Asos said total sales surged 47% to
- Nigel Thomas
- 18 Sep, 2013
- New York City
Alstom cuts forecast and secured contract worth
- Mukesh Buch
- 18 Sep, 2013
- New York City
Adobe net tumbled 7% as revenue dropped 8%. Cracker Barrel slid 1% and revenue and comparable sales jumped. FedEx net soared 7% and increase the rates. General Mills profit declined 16% but sales rose 8%. U.S. Treasury sold additional stake in GM to 7.3%.