- Nigel Thomas
- 10 Jul, 2013
- New York City
European markets traded lower and investors looked to the U.S. Fed statement and Chinese trade data. French industrial output declined less than expected but Italian production rose. UK prepares to sell Royal Mail in $3 billion IPO.
- 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.