- Mukesh Buch
- 10 Dec, 2013
- New York City
AutoZone net jumped 7%. Burlington Stores said net loss widened. Greif net soared 42.6% and net sales jumped 5%. HD Supply net swung to profit. Hi-Tech Pharmacal net tumbled 87%. PVH profit climbed 17%. Toll Brothers net plunged 77%.
- Nigel Thomas
- 10 Dec, 2013
- New York City
Ashtead net surged 85% and sales climbed 23%. CGG signed a seismic survey contract with the Norwegian Petroleum for the next seven years. Vopak lowered its operating earnings outlook. Lloyds plans to sell its remaining stake in St. James''s Place. TUI Travel profit tumbled 54%.
- Hiruki Nakamura
- 10 Dec, 2013
- New York City
Stocks in Tokyo edged down after surging on Monday but indexes are still leading developed markets in the year. The yen dropped to 103.39 against one dollar. Large Japanese companies turned less positive for business conditions in the current quarter.
- Nichole Harper
- 10 Dec, 2013
- New York City
Stocks in New York traded sideways and investors looked ahead to Fed meeting in two weeks. U.S. financial regulators unveiled a key element of the financial reform legislation enacted in 2010. General Motors appoints Mary Barra to replace Dan Akerson as chief executive.
- Marcus Jacob
- 10 Dec, 2013
- New York City
Australian miners continued to cut capital spending and BHP announced a 25% cut in capital spending plan. Qantas and unions head for a new round of job cut discussion. Recall Holdings began trading after separating from Brambles.
- Mukesh Buch
- 10 Dec, 2013
- New York City
Alstom secured two contracts worth Rs 151 crore. Bharti Airtel plans to invest Rs 4,000 crore in Punjab and expand optical fibre network and 4G services. L&T won order for six ships worth above $100 million.
- Nichole Harper
- 09 Dec, 2013
- New York City
Monday merger news dominated trading. Given Imaging agreed to $860 million offer from Covidien. Sysco agreed to pay $3.5 billion and assume $3 billion in debt to acquire US Foods. American Airlines emerged from bankruptcy and merged with US Airways.
- Hiruki Nakamura
- 09 Dec, 2013
- New York City
Stocks in Japan and Asia gained. Nikkei Stock Average in Tokyo soared 2.3% and the yen dropped below 103 level against one dollar. Japan lowered its third quarter economic growth estimate to 1.1% from the previous estimate of 1.9%.
- Mukesh Buch
- 09 Dec, 2013
- New York City
Sysco agreed to acquire US Foods for about $3.5 billion. Essex Property proposed to acquire BRE Properties for $4.48 billion. Given Imaging agreed to be acquired by Covidien for $860 million. Ingles Markets net climbed 17%.
- Marcus Jacob
- 09 Dec, 2013
- New York City
Australian stocks traded lower but market indexes in Asia gained. QBE Insurance plunged 22% after the company issued a second profit warning and said Chairman Belinda Hutchison has resigned. TPG Telecom soared 14% after the telecom company agreed to a $450 million deal with New Zealand Telecom.
- Mukesh Buch
- 09 Dec, 2013
- New York City
Bharti Airtel signed partnership with Punjab to expand high speed 4G LTE wireless services. Coal India is reviewing five proposals for mine acquisition in Indonesia. JSW plan to bid for Indian assets of U.K.-based Stemcor. Maruti and Tata plan to increase the prices from January.
- Nigel Thomas
- 09 Dec, 2013
- New York City
Kuwait Airways agreed to acquire 25 Airbus planes. Balfour Beatty secured
- Nichole Harper
- 06 Dec, 2013
- New York City
Stocks in New York traded higher and unemployment rate in November declined to 7%, a five-year low. Employers added 203,000 staff in the month from revised 200,000 increase in October. Consumer confidence index increased more than expected in December.
- Mukesh Buch
- 06 Dec, 2013
- New York City
American Eagle Outfitters net tumbled 68%. Big Lots said net loss widened. Cooper net climbed 20%. Five Below net plunged 34%. Finisar net soared 11%. Sears plans to spin-off Lands End. Ulta Salon net climbed 13%.
- Hiruki Nakamura
- 06 Dec, 2013
- New York City
Nikkei Stock Average in Tokyo gained 0.8% and investors focused on the Fed tapering as early as next month. Nissan Motor estimated China sales to increase 7.5% but Honda offered additional discounts to U.S. dealers.