- Mukesh Buch
- 30 Apr, 2013
- New York City
Bharti Infratel fourth quarter net surged 34% and wireless carrier is in talk with RIL to lease towers. Dabur net climbed 18% and Godrej net soared 74%. Sterlite fourth quarter net surged 51% and Shree Cement net surged 140%.
- Marcus Jacob
- 30 Apr, 2013
- New York City
Australian stocks surged on a rally in banks after the third largest bank ANZ reported better than expected earnings and lifted its dividend. Woodside Petroleum and Shell are working to revive its Floating LNG plan to advance their $50 billion natural gas field project.
- Mukesh Buch
- 29 Apr, 2013
- New York City
Boardwalk first quarter net climbed 10%. Chrysler first quarter net tumbled 65% on retooling costs. Conceptus agreed to be acquired by Germany based Bayer HealthCare for $1.1 billion. Loews net plunged 34%. Sina surged.
- Nichole Harper
- 29 Apr, 2013
- New York City
Stocks in New York traded higher after consumer increased spending and income rose in March. European markets advanced after Italy appointed prime minister removing uncertainty for now. Chrysler said earnings declined on retooling costs and Conceptus soared on $1.1 billion buyout from Bayer.
- Nigel Thomas
- 29 Apr, 2013
- New York City
Aberdeen profit in the first-half surged 52%. Balfour lowered full-year outlook. Lloyds sell its Spanish retail banking to Banco Sabadell. Volkswagen first-quarter profit tumbled 35%.
- Nigel Thomas
- 29 Apr, 2013
- New York City
Bond yield in Europe declined after Italy appointed Prime Minister Enrico Letta. Italian bond yield fell near 2-year low and economic confidence across the euro zone fell to the lowest since December. Aberdeen Asset Management soared to a 12-year high and VW reiterated its 2013 operating profit.
- Marcus Jacob
- 29 Apr, 2013
- New York City
Australian stocks extended rally for the third day in a row and resource stocks led the advance. BHP Billiton agreed to sell its Arizona based copper mine and railroad operations for $650 million.
- Mukesh Buch
- 29 Apr, 2013
- New York City
Exide fourth quarter net grew 3% and Goodyear first quarter net surged 91%. Hindustan Uniliever fourth quarter net climbed 18% and Hero MotoCorp net slipped 5%. Hexaware net jumped 20% and IOB net plunged 89%.
- Nigel Thomas
- 26 Apr, 2013
- New York City
European markets eased and pared weekly gains of 3% after Spanish government sought to extend by two years to meet the deficit target set by the European Union. PPR, the French luxury goods maker fell on a revenue miss and Total SA declined on lower revenues.
- Nichole Harper
- 26 Apr, 2013
- New York City
Stocks on Wall Street eased after economic expansion in the first quarter fell short of expectations. European markets declined and pared 3% weekly rise after Spain sought to delay deficit trimming timetable by two years. George Soros disclosed 7.9% stake in J.C. Penney and D.R. Horton surged 20%.
- Nigel Thomas
- 26 Apr, 2013
- New York City
U.S. gross domestic product expanded at slower than expected annual rate of 2.5% as the weakness in consumer spending, defense and inventories outweighed the surge in residential investments.
- Marcus Jacob
- 26 Apr, 2013
- New York City
Australian markets traded flat in the afternoon but resource stocks led the gainers. In shortened trading week, the ASX 200 index advanced 3.5% after miners rallied and banks traded near 5-year highs.
- Mukesh Buch
- 25 Apr, 2013
- New York City
3M first quarter net flat and Biogen net soared 41%. ConocoPhillips net tumbled 28% and Exxon Mobil net nearly flat. Qualcomm first quarter net soared 36% and Dow Chemical net jumped 28%. UPS first quarter net climbed 6.9%.
- Nichole Harper
- 25 Apr, 2013
- New York City
Market indexes in New York traded higher after weekly jobless claims dropped near the five-week low. On the earnings front, Akamai Technologies, Cliff Natural Resources and Exxon Mobile reported better than expected results.
- Nigel Thomas
- 25 Apr, 2013
- New York City
Admiral first quarter group turnover dropped 6% to