- Marcus Jacob
- 14 Apr, 2014
- New York City
Australian and Asian markets declined after a weakness in tech stocks in the region. Westfield takes steps to split its domestic and international businesses. QBE Insurance Group is looking for ways to restructure its U.S. underwriting business.
- Nichole Harper
- 11 Apr, 2014
- New York City
Stocks on Wall Street struggled and the S&P 500 index extended the decline to 2.2% in the week. The index had rallied more than 8% in the month to April 2. JPMorgan net declined on weak fixed-income trading. Wells Fargo net topped estimates. Coldwater Creek plans liquidation.
- Mukesh Buch
- 11 Apr, 2014
- New York City
Fastenal net rose 3% but sales climbed 9%. JPMorgan net plunged 19%. Pier 1 profit tumbled 31% after sales declined 6.5%. Shaw Communications net soared 22%. Wells Fargo net climbed 14% and revenue declined 8%.
- Hiruki Nakamura
- 11 Apr, 2014
- New York City
Market indexes in Tokyo extended losses in the week and two widely followed indexes plunged around 7%. Toyota declined for the seventh day in a row. Fast Retailing extended plunge to 13% in the week on profit warning. SoftBank Corp, Komatsu Ltd and Aisin Seiki Corp led decliners.
- Nigel Thomas
- 11 Apr, 2014
- New York City
Bauer net in the year swung to a loss
- Marcus Jacob
- 11 Apr, 2014
- New York City
Australian indexes dropped 0.9% but closed up 0.1% in the week on improving economic news and rising commodities prices. Total new lending contracts in February declined 0.7%. Home loans commitment increased 1.9%. Australian dollar advanced.
- Mukesh Buch
- 11 Apr, 2014
- New York City
NMDC gained after production and dispatches update for the year. Ratnamani Metals secured two orders valued Rs 412 crore. Tata Motors launched a modified version of the crossover vehicle Aria.
- Mukesh Buch
- 10 Apr, 2014
- New York City
Bed Bath & Beyond net declined 11% and sales dropped 6%. Costco net sales climbed and comparable sales jumped 5%. Family Dollar net plunged 35% after sales dropped 7%. L Brands comparable sales in March fell 1%. iGATE profit dropped 9%. Rite Aid net tumbled 54%.
- Nigel Thomas
- 10 Apr, 2014
- New York City
Carrefour said revenue in the first-quarter dropped 4% to
- Nichole Harper
- 10 Apr, 2014
- New York City
Stocks on Wall Street turned lower led by the weakness in tech stocks for the fifth day. Initial claims of jobless benefits declined to the lowest level in seven years. Greece returned to bond market after four years of exile. China
- Hiruki Nakamura
- 10 Apr, 2014
- New York City
Market indexes in Tokyo trading remained weak and the yen gained against the U.S. dollar. Toyota declined 2.4% after issuing a global recall of 6 million vehicles. Fast Retailing lowered its annual earnings outlook on higher costs and weaker domestic demand.
- Marcus Jacob
- 10 Apr, 2014
- New York City
Australian stocks trimmed early gains after employers added more than expected 18,000 jobs in March. Unemployment rate fell to 5.8%. Also, market sentiment weakened after China reported 6.6% decline in exports and 11.3% in imports.
- Mukesh Buch
- 10 Apr, 2014
- New York City
Man Industries built up order book of around Rs 1,200 crore. Piramal divest its entire stake in Vodafone India for Rs.8,900 crore. Sesa Sterlite gained after production update.]
- Nichole Harper
- 09 Apr, 2014
- New York City
Stocks on Wall Street advanced for the second day in a row and market indexes in Europe gained. India attracted $10.3 billion fund flows in the year so far. Market indexes in Tokyo plunged more than 2%. Mars agreed to acquire three pet-care brands from Procter & Gamble for $2.9 billion in cash.
- Hiruki Nakamura
- 09 Apr, 2014
- New York City
Stocks in Tokyo declined for the fourth day in a row and the trading in yen was in focus after the Bank of Japan did not announce new measures to support the economic expansion. Seibu Holdings trimmed its initial public offering size by 73%.