- Nigel Thomas
- 08 Oct, 2013
- New York City
Alcatel Lucent plans to cut costs of 1 billion euros and eliminate 10,000 jobs. Celesio surged after McKesson buyout offered
- Hiruki Nakamura
- 08 Oct, 2013
- New York City
Stocks in Tokyo closed higher in the final hour of trading. The Nikkei ended a 4-day decline in the index and investors shifted focus to domestic earnings as U.S. budget and debt ceiling talks appear to go nowhere on the eighth day of government closure.
- Nigel Thomas
- 07 Oct, 2013
- New York City
Airbus won its first order from Japan Airlines worth
- Nichole Harper
- 04 Oct, 2013
- New York City
U.S. market indexes gained higher but political leaders showed no interest in compromising. Rating agencies also appear conflicted and under political pressure not to downgrade U.S. debt. Twitter files to raise as much as $1 billion.
- Hiruki Nakamura
- 04 Oct, 2013
- New York City
Stocks in Tokyo edged lower and investors shifted focus to domestic issues. U.S. government remained shut for the third day and debt default date approaches in two weeks. The yen weakened and commodities prices rose.
- Mukesh Buch
- 04 Oct, 2013
- New York City
Computer Services net jumped 7% as revenue climbed 11%. Forest Oil sold its oil and gas assets in Texas to Templar Energy LLC for $1 billion. IDT Corp net swung to a loss but sales climbed 7%. Union Pacific forecast third-quarter operating revenue. Xyratex net tumbled 77%.
- Marcus Jacob
- 04 Oct, 2013
- New York City
Australian market indexes traded lower and the Aussie dollar gained as commodities prices were flat in regional trading. Leighton Holdings faced more media allegations of corruption. Oil Search and its Papua New Guinea LNG gas venture partner Exxon Mobil completed $1.5 billion financing.
- Nigel Thomas
- 04 Oct, 2013
- New York City
Lindt & Spruengli plans to buyback its own shares up to 2014. Carpetright lowered its full-year profit outlook. John Wood lifted its fiscal operating earnings growth outlook. Nokian Tyres lowered operating profit forecast.
- Nichole Harper
- 03 Oct, 2013
- New York City
U.S. market indexes trended lower as world investors began factoring a possible debt default and rising probabilities of a prolonged government default. With each passing day investors are debasing the fate of the reserve currency of the world.
- Hiruki Nakamura
- 03 Oct, 2013
- New York City
Stocks in Tokyo and Asia generally closed down as world investors began to factor in long term implications of the U.S. government shutdown and a debt default possibilities rise. U.S. is the largest debtor nation on the earth and increases its annual debt $1 trillion.
- Mukesh Buch
- 03 Oct, 2013
- New York City
Bassett Furniture net fell but sales jumped. Constellation Brands profit surged to $1.52 billion. CalAmp net plunged 24% and revenue surged 34%. Electro Rent climbed 12% and International Speedway said quarterly loss widened. Texas Industries net swung to profit.
- Nigel Thomas
- 03 Oct, 2013
- New York City
Aviva sold its U.S. unit for
- Marcus Jacob
- 03 Oct, 2013
- New York City
Australian stocks traded higher and the dollar gained as Asian markets shift focus to domestic events. Australian service industry growth eased in September. Leighton in a lengthy statement denied allegation that it participated in corrupt practices to win contracts in Iraq, Indonesia and Malaysia.
- Nichole Harper
- 02 Oct, 2013
- New York City
U.S. market indexes declined as government remained shut for the second day. The White House summoned top lawmakers to settle on a short-term budget to reopen the government and move the negotiations to decide on the debt limit revision.
- Mukesh Buch
- 02 Oct, 2013
- New York City
Global Payments net soared 38% as revenue jumped. Monsanto said quarterly loss widened. Resources Connection net plummeted 23% and Team Inc declined 12% after net tumbled 41%. Walgreen quarterly earnings surged 86.4%.