- Nichole Harper
- 11 Jan, 2013
- New York City
U.S. indexes rebounded from the low in the first hour of trading and banks struggled. Wells Fargo reported 24% increase in earnings supported mortgage loans business but net interest margin suffered. Boeing declined after two more flights in Japan report problems.
- Nigel Thomas
- 11 Jan, 2013
- New York City
Nokia extended gains for the second day on the hopes that the new smartphone will lift last quarterly results. Resource sector stocks eased after China reported higher than expected inflation. SAP AG released new business software to automate processes.
- Nigel Thomas
- 11 Jan, 2013
- New York City
European markets closed mixed and Italy completed the sale of
- Nigel Thomas
- 11 Jan, 2013
- New York City
Stocks in Tokyo closed higher and closed the ninth weekly advance in a row, the longest weekly increases since 1988. Prime Minister Shinzo Abe proposed $115 billion of stimulus plan and demanded central bank to put maximizing employment on top of its agenda.
- Mukesh Buch
- 11 Jan, 2013
- New York City
Hurco fourth quarter net climbed 52%. KBR lowered its fiscal 2012 earnings guidance. Synnex third quarter net declined 13% to $43.6 million. Voxx third quarter net soared 48% and Wells Fargo fourth quarter net surged 24% to $5.1 billion.
- Marcus Jacob
- 11 Jan, 2013
- New York City
Australian stocks closed lower and the dollar traded near its three months high. Mining companies fell after a storm approached near Western Australian ports threatening mine closures and iron ore shipment disruptions.
- Mukesh Buch
- 11 Jan, 2013
- New York City
Bajaj Corp third quarter net profit soared 46% and CMC net profit jumped 24%. Infosys third quarter net profit was nearly flat at $434 million. Power Grid raised $500 million in its first foreign currency public offering.
- Mukesh Buch
- 10 Jan, 2013
- New York City
Engineers India declined as government approved disinvestment plan. Gujarat NRE Coke net profit soared. Infosys is scheduled to report third quarter earnings on January 11. Rolta arm wins contract of $31 million. VKS Projects board approved stock split.
- Mukesh Buch
- 10 Jan, 2013
- New York City
Emmis Communications third quarter net plunged 92%. PriceSmart first quarter net surged 43%. Ruby Tuesday second quarter net loss widened. Supervalu third quarter net swung to profit. Texas Industries second quarter net loss narrowed.
- Bikram Pandey
- 09 Jan, 2013
- New York City
Stocks in New York extended European market gains on the corporate earnings optimism. Italy led the gains in European markets advance and reported record unemployment for the second month in a row. German industrial production barely budged. Nikkei in Japan rose on stimulus hopes.
- Nichole Harper
- 09 Jan, 2013
- New York City
Stocks on Wall Street gained after Alcoa reported better than expected quarterly results. Market indexes participated in a broad rally that lifted consumer and industrial and tech stocks. Morgan Stanley plans to trim 1,600 staff in its institutional securities business.
- Nigel Thomas
- 09 Jan, 2013
- New York City
ArcelorMittal plans to raise $3.5 billion in stock and convertible bond offering to cut $17 billion debt load. Telecom stocks in the region fell on the speculation that companies may be permitted to share infrastructure. J Sainsbury declined on weak same store sales growth.
- Barry Randall
- 09 Jan, 2013
- New York City
European markets advanced across the region and Germany reported weaker than expected increase in industrial output. Italian unemployment held steady at record in November. ArcelorMittal plan to raise $3.5 billion through stock and convertible bond offering.
- Mukesh Buch
- 09 Jan, 2013
- New York City
Alcoa fourth quarter net swung to $242 million profit. Apollo Group plunged 10% after quarterly net declined 11%. AZZ third quarter net soared 15%. Clearwire received unsolicited offer from Dish Network. Global Payments second quarter net soared 15%.
- Nigel Thomas
- 09 Jan, 2013
- New York City
Two month old rally in Tokyo stocks continued after the yen edged lower and international investors added net positions to Japanese stocks. Education stocks soared on the hopes of a tax exemption for grandchildren schooling gift. Resource sector stocks led the gainers.