- Mukesh Buch
- 24 May, 2013
- New York City
Aeropostale net swung to loss. Gap sales and profit jumped. Foot Locker comparable store sales jumped. Nordson sales soared and lifted outlook. Ross Stores net climbed 12%. Salesforce.com sales jumped but net loss widened. Sears net swung to loss as comparable store sales dropped.
- Nichole Harper
- 24 May, 2013
- New York City
Market indexes traded higher to erase early morning decline but struggle to move in the positive territory. Durable goods orders increased faster-than-expected 3.3% in April on a jump in volatile aircraft orders. European markets closed lower.
- Nigel Thomas
- 24 May, 2013
- New York City
3i Group offers to acquire Barclays European infrastructure fund division. BTG agreed to acquire targeted therapies division of Nordion for
- Hiruki Nakamura
- 24 May, 2013
- New York City
In wild trading stocks in Tokyo closed higher as retail investors step up. Retail participation in Tokyo trading has steadily increased from less than 20% to close to 40% in the last three months as speculators ride market momentum.
- Marcus Jacob
- 24 May, 2013
- New York City
Australian market indexes extended losses for the second day as global uncertainties rise rooted in Chinese slowdown and premature withdrawal of economic stimulus in the U.S.
- Mukesh Buch
- 24 May, 2013
- New York City
HCL profit climbed but revenues declined. MRPL net swung to loss and revenues increased 16%. Religare net loss widened Rs 895 crore. Tata Steel reported loss of $1.17 billion on weak demand and asset write-downs in Europe.
- Mukesh Buch
- 23 May, 2013
- New York City
Buckle declined as profit dropped. Cato comparable sales declined 5%. Dollar Tree sales and net climbed 7%. Hewlett-Packard surged but net plunged 32%. L Brands net jumped 14%. Ralph Lauren net soared 33% and lifted fiscal outlook.
- Nigel Thomas
- 23 May, 2013
- New York City
European market indexes plunged more than 2% on the rising global uncertainties. U.K. GDP increased at 0.3% rate in the first quarter and yields on Spanish and Italian bonds rose.
- Nigel Thomas
- 23 May, 2013
- New York City
DMGT said print revenues declined but profit soared 69%. Mothercare international sales surged 8% and loss for the year narrowed. SABMiller group revenue for the year climbed 10% and profit plunged 22% to $3.51 billion. SBM Offshore quarterly revenue surged 35%.
- Nichole Harper
- 23 May, 2013
- New York City
World markets were on the edge after Nikkei plunged 7% and talks of stimulus unwinding put investors on alert. European markets also declined 2.2%. U.S. weekly jobless claims declined and manufacturing shrank for the first time in seven months in China.
- Hiruki Nakamura
- 23 May, 2013
- New York City
Nikkei index in Tokyo plunged 7% on the growing worries about early withdrawal of the economic stimulus in the U.S. and manufacturing contraction in China. The sharp decline comes after the Nikkei soared more than 70% in seven months and markets increasing reliance on the central bank support.
- Marcus Jacob
- 23 May, 2013
- New York City
Australian market indexes plunged 2% after Chinese survey indicated a decline in manufacturing and U.S. Federal Reserve comments also contributed to the negative narrative. The Australian dollar dropped to a new one-year low.
- Mukesh Buch
- 23 May, 2013
- New York City
BHEL sales slid 2% and JSW Steel profit declined 62% and revenues fell 3%. SBI quarterly net dropped 37% and non-performing assets climbed to 4.75%. Thermax profit and revenue dropped. TVS Srichakra quarterly profit surged.
- Mukesh Buch
- 22 May, 2013
- New York City
Eaton Vance second quarter revenues jumped 9% and net climbed 21%. Lowe
- Nigel Thomas
- 22 May, 2013
- New York City
Britvic revenue rose 0.3% to