- Mukesh Buch
- 03 Mar, 2014
- New York City
Caesars Entertainment agreed to sell its four casinos to Caesars Growth for $2.2 billion. Icahn Enterprise profit surged. Magellan Health net tumbled 50%. Nu Skin sales and net soared. QR Energy net swung to profit. Tyco agreed to sell its security business in South Korea.
- Nigel Thomas
- 03 Mar, 2014
- New York City
European markets plunged and extended worldwide market selloff after Russian lawmakers authorized President Vladimir Putin to increase military strength in Crimea. The benchmark index in Russia declined 11% and Russian ruble traded at a new low against the U.S. dollar.
- Nigel Thomas
- 03 Mar, 2014
- New York City
European markets plunged on rising tensions in Ukraine. Metro plans to raise
- Hiruki Nakamura
- 03 Mar, 2014
- New York City
The Nikkei in Tokyo plunged 1.3% and the yen gained as tensions mounted in Eastern Europe. Russia
- Marcus Jacob
- 03 Mar, 2014
- New York City
Australian market indexes declined and the dollar edged lower against after Ukraine faced a military action from Russia. Transpacific Industries said it plans to sell its New Zealand based waste management business to China based fund.
- Mukesh Buch
- 03 Mar, 2014
- New York City
Atul Auto February sales surged 18.9%. Bajaj Auto sales dropped 6% but export jumped 5%. Maruti Suzuki sales fell 0.8% and export plummeted 20%. M&M auto sales declined 12% after domestic sales slipped 11% and export plunged 17%. Tata Motor February sales plunged 36%.
- Nichole Harper
- 28 Feb, 2014
- New York City
U.S. indexes scaled to fresh highs after the consumer confidence index improved. U.S. lowered its economic growth estimate in the fourth quarter to 2.4%. Monster Beverage reported better than expected sales. Citigroup lowered 2013 earnings on fraud in Mexico.
- Mukesh Buch
- 28 Feb, 2014
- New York City
Arena Pharma net loss in the quarter widened but revenue surged. Dril-Quip surged after revenue and profit climbed. J.C. Penney net swung to a profit. Salesforce.com said net loss widened but revenue climbed. Southwestern Energy net swung to a profit.
- Nigel Thomas
- 28 Feb, 2014
- New York City
Andritz net plummeted 73% but the new and backlog of orders surged. Old Mutual net tumbled 33% to
- Hiruki Nakamura
- 28 Feb, 2014
- New York City
Stocks in Tokyo edged lower and the Nikkei closed down 0.2% for the week and fell 0.9% in the month. Itochu, the first Japanese company took a stake in water utility in Spain. Japan Post unveiled an investment plan for the next three years.
- Marcus Jacob
- 28 Feb, 2014
- New York City
Australian stocks struggled for the second day after the release of weak capital spending outlook. However, better than expected earnings lifted the indexes by 4% in February. Woolworths reported best first-half year results in three years and lifted full-year outlook.
- Mukesh Buch
- 28 Feb, 2014
- New York City
Bharti Airtel fined $4 million by the Nigerian telecom regulator. Bosch net declined 19%. L&T won new orders worth Rs. 5,220 crore. M&M profit fell 2% but revenue jumped 8%. Tata Power sells its 30% stake in Indonesia based power subsidiary. Tech Mahindra acquired BASF IT.
- Nichole Harper
- 27 Feb, 2014
- New York City
U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000.
- Hiruki Nakamura
- 27 Feb, 2014
- New York City
Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs.
- Mukesh Buch
- 27 Feb, 2014
- New York City
Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl''s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed.