- Nichole Harper
- 26 Mar, 2013
- New York City
Stocks on Wall Street opened sharply higher after mixed reports on housing markets and better than expected increase in durable goods orders. Investors bid up stocks after a string of positive economic data in the U.S. and overlooked the ongoing Cyprus saga.
- Mukesh Buch
- 26 Mar, 2013
- New York City
AuRico Gold fourth quarter net swung to $134.4 million loss. Focus Media net surged more than doubled. Gordmans net plunged 23% and Neogen third quarter net climbed 27%. Turquoise Hill quarterly net loss widened.
- Hiruki Nakamura
- 26 Mar, 2013
- New York City
Stocks in Tokyo traded lower bucking the market advance in Shanghai and in Mumbai. Bank of Japan Governor Kuroda said he is prepared to add more government bonds with longer maturities and scrap self-imposed rule to limit asset purchase.
- Marcus Jacob
- 26 Mar, 2013
- New York City
Australian market indexes declined and iron ore and other commodities prices edged lower but the dollar advanced. Transfield won a contract linked to the national broadband network project. Kathmandu six-month net soared.
- Nigel Thomas
- 26 Mar, 2013
- New York City
Bellway said profit for the first half surged 51% and Kazakhmys said loss for the year swung to $2.27 billion. Kingfisher annual profit dropped 12% to
- Mukesh Buch
- 26 Mar, 2013
- New York City
Bharti Airtel is set to raises $250 million through dollar bonds. Educomp sold 50% stake sale in Eurokids International. L&T plan to buy 50% stake in Future Generali from Pantaloon. Suzlon raised $650 million to restructure debt holdings.
- Nigel Thomas
- 25 Mar, 2013
- New York City
Cyprus struck a late night deal in Brussels with European lender that will effectively shrink its banking sector and shift the cost of bailout to larger uninsured depositors and close its second largest banks.
- Mukesh Buch
- 25 Mar, 2013
- New York City
Apollo Group second quarter net plunged 79%. Best Buy co-founder Richard Schulze has returned as chairman emeritus. Cascade fourth quarter net tumbled 57%. Dollar General fourth quarter net surged 9% to $317.4 million.
- Nichole Harper
- 25 Mar, 2013
- New York City
Stocks on Wall Street advanced and extended gains in European markets after Cyprus and European lenders struck a deal and averted a crisis in the euro zone. Dell received two alternative proposals from Blackstone Group and investor Carl Icahn. Apollo Group soared 10% on better than expected results.
- Nigel Thomas
- 25 Mar, 2013
- New York City
Centrica agreed to buy natural gas from Cheniere worth
- Hiruki Nakamura
- 25 Mar, 2013
- New York City
The yen eased and the benchmark index rebounded after European regulators averted a brewing financial crisis linked to Cyprus that threatened to spill over in the currency union. Consumer finance, securities brokers and auto maker led the gainers.
- Marcus Jacob
- 25 Mar, 2013
- New York City
Australian stocks rebounded and participated in Asia-wide rally after Cyprus struck a deal with European lenders for an emergency bailout that will avoid taxing deposits that are insured by the European Union.
- Mukesh Buch
- 25 Mar, 2013
- New York City
Colgate India agreed to transfer a division to a parent company controlled subsidiary for $11 million. Cairn India lowered its energy production target for 2014. Dr. Reddy
- Nichole Harper
- 22 Mar, 2013
- New York City
Market indexes shrugged off rising tensions in the euro zone. The dollar gained against the euro zone. Better than expected results from Tiffany, Nike and Darden Restaurants lifted market sentiment. Markets in Asia fell but in Europe erased early losses.
- Mukesh Buch
- 22 Mar, 2013
- New York City
Darden Restaurants third quarter net declined 18% and Nike net surged 55% to $866 million. rue21 fourth quarter net slipped 11%. Supervalu sold its five retail grocery banners valued $3.3 billion. Tiffany fourth quarter net edged up.