- Marcus Jacob
- 14 Oct, 2013
- New York City
Australian stocks declined as world investors turned their focus to the U.S. political stalemate. In addition, China reported weaker than expected exports data and inflation picked up in September. Australian home loan approvals also fell.
- Nichole Harper
- 11 Oct, 2013
- New York City
Market indexes extended rally for the second day in a row in New York on the debt deal and government funding hopes. White House rejected the latest short term debt ceiling revision proposal and the federal government is closed for the eleventh day.
- Mukesh Buch
- 11 Oct, 2013
- New York City
Infosys profit declined 11% but revenue climbed 15%. JPMorgan net swung to a loss on legal charges as revenue dropped 8%. Micron Tech swung to a profit $1.71 billion. SolarCity surged after fiscal outlook. Wells Fargo net surged 13% and revenue dropped 3%.
- Nigel Thomas
- 11 Oct, 2013
- New York City
Gem Diamonds sold rare 12.47 carat blue diamond and 82 carat white diamond for a total of $7.5 million. Lloyds Bank sold its Australian operations to Westpac Banking of nearly
- Hiruki Nakamura
- 11 Oct, 2013
- New York City
Stocks in Tokyo and in Asian markets closed higher following a rise in New York trading. The yen weakened. The Nikkei gained the most in three months. Fast Retailing dropped 3% after it estimated lower than expected fiscal year net income.
- Marcus Jacob
- 11 Oct, 2013
- New York City
Market indexes in Australia gained following a surge in stocks in New York. Resource and bank stocks led the advance. For the week, the ASX index gained 0.3%. Dexus Property Group proposes $2.3 billion buyout for the remaining stake in Commonwealth Property Fund.
- Nichole Harper
- 10 Oct, 2013
- New York City
U.S. market indexes soared as hopeful investors pinned hopes on a speedy resolution to the government stalemate. Republican leaders and President Obama met this afternoon to discuss a proposal to increase short term debt limit but keep the government closed.
- Mukesh Buch
- 10 Oct, 2013
- New York City
Fastenal net jumped 9% as sales climbed. iGATE net rose 13%. Lindsay net earnings surged 18% after revenue soared 16%. Marriott net tumbled 23% and Ruby Tuesday net declined 12%.VOXX Intl profit surged 32%.
- Nigel Thomas
- 10 Oct, 2013
- New York City
Melrose sold Crosby and Acco to private equity group KKR for
- Marcus Jacob
- 10 Oct, 2013
- New York City
Australian market indexes traded lower in a choppy session. Jobless rate in Australia declined from a four-year high to 5.6% in September. Bank of Queensland swung to annual net profit on lower operating costs.
- Nichole Harper
- 09 Oct, 2013
- New York City
Investors appear to take the debt and budget talk impasse in stride and hoped a last minute deal before the end of the month. President Obama is set to announce the appointment of Janet Yellen as the next Fed Chairman. Most policy makers at the Fed see tapering to kick in the before the year end.
- Mukesh Buch
- 09 Oct, 2013
- New York City
Alcoa net swung to profit and forecasted global aluminum demand to increase 7%. Costco profit soared and Family Dollar net climbed 26%. Men
- Marcus Jacob
- 09 Oct, 2013
- New York City
Australian stocks and indexes closed lower and markets across Asia shifted focus to domestic earnings. Central banks in Asia prepare for a scenario where U.S. politicians may fail to lift debt ceiling and set off uncontrollable chain of events.
- Nigel Thomas
- 09 Oct, 2013
- New York City
Centamin said total gold production in the third-quarter surged 39%. Quindell Portfolio won a three-year contract worth
- Mukesh Buch
- 08 Oct, 2013
- New York City
J. C. Penney said September comparable sales fell 4% but online sales surged 25 % and liquidity at the year-end is expected to be higher than $2 billion. Nuance appoint son of Carl Icahn as independent director. Wolverine World Wide net surged 66%.