- Mukesh Buch
- 11 Apr, 2013
- New York City
Ess Dee plan to sell majority stake to Australian based Amcor. Switzerland based Amrnann Group holds 70% stake in Gujarat Apollo Ind. Luxury division JLR of Tata Motors said global sales jumped 16%. Tata Steel amalgamated its subsidiaries.
- Mukesh Buch
- 10 Apr, 2013
- New York City
Adtran first quarter net plunged 38% and CarMax fourth quarter net jumped 13%. Family Dollar second quarter net jumped 25% and Fastenal first quarter net climbed 9%. PriceSmart second quarter net surged 25%. Titan Machinery fourth quarter net slipped 12.5%.
- Mukesh Buch
- 09 Apr, 2013
- New York City
Alcoa first quarter net surged 59% to $149 million and A. Schulman second quarter net soared 33%. AngioDynamics said third quarter net loss narrowed. Mistras Group third quarter net dropped 9%. Zep second quarter net climbed 15%.
- Nichole Harper
- 10 Apr, 2013
- New York City
U.S. market indexes gained and the S&P 500 index surpassed its previous intra-day high. Fed policy members are still debating the stimulus unwinding measures according to the latest minutes of meeting. The yen declined to the lowest level since May 2009.
- Nigel Thomas
- 10 Apr, 2013
- New York City
Diageo
- Hiruki Nakamura
- 10 Apr, 2013
- New York City
Stocks in Japan traded higher and the yen extended weakness against the dollar and the yen. Investors are worried that most of the $1.4 trillion in central bank spending will leak to the U.S. and European bond markets and inflate real estate prices around the world.
- Marcus Jacob
- 10 Apr, 2013
- New York City
Australian market indexes struggled to gain as consumer sentiment index declined in April. Billabong plunged 27% after it received a significantly lower than expected bid. Bank of Queensland agreed to acquire Virgin Money Australian for $40 million.
- Mukesh Buch
- 10 Apr, 2013
- New York City
Cairn India fourth quarter oil production jumped 12%. Jindal Stainless in strategic agreement with Korean steelmaker Posco. Siemens India secured contract from Bangladesh. Tata Steel fourth quarter steel production jumped 27% and sales surged 29%.
- Nichole Harper
- 09 Apr, 2013
- New York City
U.S. stocks traded flat as investors awaited the start of the earnings season. Yen decline paused but inched near the 100-mark against one dollar. Troubled retailer fired its celebrity chief executive after sales plummeted for four quarters in a row and rehired former head.
- Nigel Thomas
- 09 Apr, 2013
- New York City
Aurubis chief executive officer expects better outlook in the US and Europe. ADB agrees to pay
- Marcus Jacob
- 09 Apr, 2013
- New York City
Stocks in Japan were flat and real estate and exporters declined after surging for four days in a row. The yields on Japanese bonds of longer maturities rose ahead of bond auction later in the week. The yen inched towards 100 level against a dollar.
- Marcus Jacob
- 09 Apr, 2013
- New York City
Australian stocks rebounded for the second day and the benchmark index increased 1.5% after China reported a slowdown in inflation. A private survey showed that a business conditions index in Australia dropped to a four-year low.
- Mukesh Buch
- 09 Apr, 2013
- New York City
ABB secured an order worth $30 million in Australia. Apollo Tyres plans set up manufacturing unit in Thailand or Indonesia. IL&FS win road project for nearly $300 million. TCS agreed to acquire France based Alti SA, for
- Nichole Harper
- 08 Apr, 2013
- New York City
U.S. markets extended losses on Monday as investors await the start of the earnings season. European markets closed higher and the Nikkei in Tokyo surged for the fourth day as the yen declined to the level last seen in 2009.
- Mukesh Buch
- 08 Apr, 2013
- New York City
AZZ fourth quarter net surged 14%. GE agreed to buy Lufkin Industries Inc. for $3.3 billion. Merz withdraw to acquire Obagi Medical. Oriola-KD agreed to buy Sweden based Medstop Group for $229 million. Ericsson agreed to purchase media-room business from Microsoft.