- Nichole Harper
- 10 Sep, 2013
- New York City
Stocks on Wall Street gained and S&P 500 index advanced for the sixth day in a row after concerns about military strike against Syria eased and China reported another batch of positive economic data. Market indexes in Europe and Asia soared and crude oil eased more than $2 a barrel.
- Mukesh Buch
- 10 Sep, 2013
- New York City
Crocs lowered its third quarter revenue outlook. Five Below surged after net swung to profit as sales soared 35%. HD Supply plunged after quarterly net loss widened. PVH net swung to a loss of $16 million but revenue climbed 47%. Twitter buys MoPub for $300 million.
- Marcus Jacob
- 10 Sep, 2013
- New York City
Australian stocks closed higher and business confidence index gained in anticipation of election results. Tabcorp won an extension of a gambling license for 20 years. Santos acquired 60% stake in a wet gas project and committed investment to accelerate commercialization.
- Nigel Thomas
- 10 Sep, 2013
- New York City
Ashmore jumped after fiscal year update. Amiad Water dropped after profit slid. Glencore raised its estimate of synergies to $2 billion from Xstrata takeover. Jaguar plans to invest
- Nichole Harper
- 09 Sep, 2013
- New York City
Market indexes in New York gained after three large deals were announced today. Neiman Marcus agreed to be sold for $6 billion. Billionaire Koch Brothers agreed to buy Molex for $7.2 billion. Glaxo sold its nutrition drinks business to Japan based Suntory for
- Mukesh Buch
- 09 Sep, 2013
- New York City
AEP Industries net tumbled 85%. Delta Air Lines to replace BMC Software in the S&P 500 index. Hi-Tech Pharmacal profit declined 24%. Hovnanian net plunged 76%. Koch will acquire Molex for $7.2 billion in cash. Stewart Enterprises net dropped 14%.
- Hiruki Nakamura
- 09 Sep, 2013
- New York City
Nikkei index in Tokyo soared after Tokyo was selected to host summer 2020 Olympic Games. Real estate companies led the advance of 2.5% in the Nikkei. Japan revised higher second quarter economic growth to an annual rate of 3.8% and the yen declined 0.6%.
- Nigel Thomas
- 09 Sep, 2013
- New York City
BG Group declined after energy explorer lowered 2014 production estimates. Christian Dior may buy back as much as 550,000 shares. Epistem plunged 17% on weak fiscal outlook. Glaxo sells its two brands to Japan based Suntory Beverage for
- Marcus Jacob
- 09 Sep, 2013
- New York City
Australian stocks participated in a regional rally a day after the nation elected new party and a new leader to govern the nation. Australian dollar was firm and business leaders voiced optimism about the scraping of carbon tax. Total home loans issued increased 2% in July.
- Nichole Harper
- 06 Sep, 2013
- New York City
U.S. indexes advanced after choppy trading. U.S. employers added 169,000 net new jobs in August but June and July monthly increase were revised lower. Unemployment rate fell to 7.3%. World leaders are skeptical about the U.S. allegations and military strike preparations.
- Mukesh Buch
- 06 Sep, 2013
- New York City
Finisar net surged as revenue jumped 21%. Hurco sales dropped 10% and profit tumbled 78%. Mattress Firm profit jumped 5% and Piedmont Natural Gas net loss narrowed 50%. Smithfield Foods net plunged 36% but sales climbed 10%. VeriFone net swung to a loss.
- Hiruki Nakamura
- 06 Sep, 2013
- New York City
Stocks in Tokyo gained and the Nikkei index declined 1.5% and gained 3.5% in the week. Construction companies and real estate developers led the decliners after surging as much as 45% in the year on the jitters that Tokyo may not be selected to host 2020 Olympic Games.
- Nigel Thomas
- 06 Sep, 2013
- New York City
Air France said August traffic climbed 4.9%. Gable Holding profit in first-half jumped 10% as revenue surged 77%. Telegraaf Media sold entire stake of ProSiebenSat 1 Media for
- Marcus Jacob
- 06 Sep, 2013
- New York City
Australian stocks closed higher ahead of national election scheduled on Saturday. Governing Labor Party is lagging in opinion polls and nearly 15 million people are eligible to vote. Australia is facing a waning mining boom and rising government deficit.
- Mukesh Buch
- 06 Sep, 2013
- New York City
Elder Pharma slid after Sanofi India may buy its formulation business. M&M Financial and a Korea based Woori Financial Group signed a joint venture agreement. Sesa Goa 2.09 billion shares ready to trade after ends of lock-in period and mergers.