- Mukesh Buch
- 10 Jul, 2013
- New York City
Adtran second quarter sales and net declined and Family Dollar sales jumped but net fell. Fastenal second quarter net jumped 7% to $121 million. Intuitive Surgical fell on lowered second quarter guidance. Tribune separates publishing and broadcasting business.
- Nichole Harper
- 10 Jul, 2013
- New York City
U.S. stocks traded sideways and investors awaited monetary policy committee statement. China
- Nigel Thomas
- 10 Jul, 2013
- New York City
Burberry expects first quarter sales to jump 18%. Citycon second quarter sales and profit jumped 6%. Glencore plans to sell Dakota Growers Pasta Co for at least $300 million. Halfords first quarter revenue climbed 9%. Royal Mail intends free distribution of 10% stake to employees.
- Hiruki Nakamura
- 10 Jul, 2013
- New York City
Stocks in Tokyo traded lower after weak trade data from China and stoked global economic slowdown worries. Bank of Japan began its two-day meeting today. Aeon Co, the operator of supermarket chain reported first quarter sales increased 10% and earnings advanced.
- Marcus Jacob
- 10 Jul, 2013
- New York City
Stocks in Sydney opened higher and began trimming gain in the afternoon after China reported first decline in trade activities in eighteen months. Pepper Australia launched a competing bid for its mortgage lender rival RHG.
- Mukesh Buch
- 10 Jul, 2013
- New York City
Apollo Hospitals plan to invest $350 million for 3-year expansion. IndusInd Bank net jumped 42% and revenue climbed 22%. Shriram Transport Finance plan to raise $123 million in a public offering.
- Mukesh Buch
- 09 Jul, 2013
- New York City
Alcoa second quarter loss widen to $119 million. GenCorp and Hi-Tech Pharmacal quarterly net swung to a loss. NYSE Euronext appointed as the new administrator for Libor. Kroger agreed to acquire Harris Teeter Supermarkets for $2.44 billion. Wolverine World second quarter net slipped.
- Nigel Thomas
- 09 Jul, 2013
- New York City
Aveva estimated higher sales in the current fiscal year. Ferrexpo said first-half pellet production climbed 11.4%. LVMH Moet agreed to buy 80% stake in Italian cashmere maker Loro Piana for
- Nigel Thomas
- 09 Jul, 2013
- New York City
European markets traded higher to reach a 3-week high led by a surge in commodities and resource sector stocks. UK handed over the Libor rate management to the operator of NYSE Euronext exchanges. LVMH agreed to acquire 80% stake in Loro Piana for 2.5 billion euros.
- Nichole Harper
- 09 Jul, 2013
- New York City
Stocks opened higher on Wall Street after Alcoa reported a quarterly loss but held out optimism for an increase in demand for aluminum in the year. Kroger agreed to buy Harris Teeter Supermarkets for $2.5 billion. Barnes & Noble chief executive resigns.
- Hiruki Nakamura
- 09 Jul, 2013
- New York City
Market indexes in Tokyo soared more than 2% following strong gains in international markets. Softbank is scheduled to complete its purchase of SprintNextel tomorrow. Beverage makers and convenience stores traded higher as summer heat lifts demand.
- Marcus Jacob
- 09 Jul, 2013
- New York City
Australian indexes rose to a one-month high as investors shake off global worries. Yanzhou Coal Mining Company is planning to privatize its Australian listed company. Northern Start delayed its gold mining project indefinitely.
- Mukesh Buch
- 09 Jul, 2013
- New York City
Alstom T&D wins a contract from Bajaj Infra for $40 million. Canara Bank invested 10% in a credit rating agency. Gruh Finance net income and revenue surged as loan assets soared 32%. Reliance Capital sold its stake in DTDC Courier to France based GeoPost SA for $25.6 million.
- Nichole Harper
- 08 Jul, 2013
- New York City
U.S. indexes lost early momentum after opening sharply higher. Investors are set to review earnings from banks later in the week and Alcoa is scheduled to kick-off earnings season after the close. European markets soared between 1% and 2%.