- Marcus Jacob
- 15 Feb, 2013
- New York City
Investors sold stocks in Tokyo as the yen strengthened ahead of comments from G20 finance ministers in Moscow. Electronics exporters and automakers declined. Kirin Holdings declined 5% on weaker than expected operating earnings.
- Marcus Jacob
- 15 Feb, 2013
- New York City
Australian markets held firm for the third day in a row and banks and defensive companies led the gainers and miners led the decliners. ANZ reported a decline in profit in the latest quarter.
- Nigel Thomas
- 15 Feb, 2013
- New York City
Anglo American, the copper and precious metals miner reported revenues in the quarter increased 10% but swung to a net loss of 10%. Aker Solutions plunged 12% on a decline in net income. Eni SpA said net income fell 1.4%.
- Mukesh Buch
- 15 Feb, 2013
- New York City
DLF third quarter net slumped 10.5% and GAIL (India) net surged 18%. HCL Infosystems net swung to a loss and HNG net swung to a loss. MTNL and Suzlon Energy net loss widened. Tata Motors net plummeted 52%.
- Bikram Pandey
- 14 Feb, 2013
- New York City
Stocks trade sideways on weak economic data from the euro zone and Japan. Deal making was in full swing after four large deals signal improving business confidence. World markets were on the defensive. Gold and copper eased but natural gas and gasoline were on the rise.
- Nichole Harper
- 14 Feb, 2013
- New York City
Deal making dominated market news in morning trading. Heinz agreed to a deal worth $23 billion, AMR and U.S. Air agreed on an all-stock $11 billion merger and Cardinal Health offered to buy AssuraMed for $2.07 billion.
- Barry Randall
- 14 Feb, 2013
- New York City
European markets fell across the region after the economy in the currency union shrank in the final quarter by 0.6%. For the 2012, the economy in the region fell 0.5%. However, in the quarter the decline deepened in Greece, Spain, Portugal and Italy. Nestle reported lower than expected sales gains.
- Barry Randall
- 14 Feb, 2013
- New York City
The Swiss power company ABB reported higher than expected earnings. Anheuser Busch InBev, agreed to sell its Corono distribution in the U.S. for $2.9 billion. BNP Paribas rose after its plan to increase dividend. Bankia plunged 11%. A.G. Barr canceled its deal to buy Britvic. Renault soared 8%.
- Mukesh Buch
- 14 Feb, 2013
- New York City
ABB fourth quarter net declined 27% and Apache first quarter net plunged 45%. Cisco second quarter net surged 44%. DirecTV fourth quarter net climbed 31% and General Motors net surged 89%. PepsiCo fourth quarter net soared 17%. PPL fourth quarter declined 21%.
- Hiruki Nakamura
- 14 Feb, 2013
- New York City
Stocks in Tokyo traded higher and the Bank of Japan left its asset purchase program unrevised. Economy contracted for the third quarter in a row and weakness in international traded negatively affected the growth. Asahi Group estimated higher earnings.
- Marcus Jacob
- 14 Feb, 2013
- New York City
Australian stocks traded higher and the dollar held firm. Wesfarmers earnings rose on the strong performance at its retail unit Coles. Rio Tinto reported a loss after taking $14.4 billion write down against its failed Canadian and Mozambique acquisitions.
- Mukesh Buch
- 14 Feb, 2013
- New York City
Aditya Birla Nuvo third quarter net climbed 28% and Bharat Petroleum net declined 47.5%. Coal India net jumped 8.9% and Dr. Reddy
- Nichole Harper
- 13 Feb, 2013
- New York City
Market indexes on Wall Street drifted lower and the euro gained a fraction. Retail sales in December gained more than expected. Comcast agreed to acquire the remaining 49% stake in NBCUniversal in $16.7 billion deal.
- Mukesh Buch
- 13 Feb, 2013
- New York City
Comcast fourth quarter net declined 15% and buy rest of NBC 49% stake from GE for $16.7 billion. Cliffs net to $1.62 billion loss and Duke Energy net jumped 51%. Deere & Co net surged 22%. Dean Foods net swung to profit. Thomson Reuters net swung to profit.
- Barry Randall
- 13 Feb, 2013
- New York City
Banks were in focus after Societe Generale reported December quarter loss. BNP Paribas is scheduled to release earnings tomorrow. Storerbrand ASA dropped 9% on lower than expected earnings. PSA Peugeot said it will cut 900 million euros of costs. Heineken reported earnings above expectations.