- Mukesh Buch
- 16 Apr, 2013
- New York City
CMC fourth quarter net edged up. Shares of two gold loan companies dropped more than 9%. Reliance Industries said fourth quarter net profit surged 24% Power regulator approved Tata Power to lift power tariff in five states.
- Nichole Harper
- 15 Apr, 2013
- New York City
Financial markets declined following losses in commodities after China reported slower than expected growth. Gold and silver plunged 10% and crude oil declined 3%. Dish Network made an unsolicited offer to buy Sprint. Thermo Fisher agreed to buy Life Technologies for $13.6 billion.
- Nichole Harper
- 16 Apr, 2013
- New York City
Market indexes in New York rebounded after housing starts surged 7% in March led by a 31% surge in multifamily construction. Gold rebounded 2.5% a day after plunging 9.4%, the single largest one day decline in 33 years.
- Mukesh Buch
- 15 Apr, 2013
- New York City
Citigroup first quarter net soared 31% to $3.8 billion. Dish Network bid of $25.5 billion for Sprint Nextel. First Republic and M&T Bank first quarter net surged 11%. Thermo Fisher offers $13.6 billion for Life Technologies. Charles Schwab net climbed 6%.
- Nigel Thomas
- 15 Apr, 2013
- New York City
Betfair ignored press speculation of CVC buy out offer. EADS buy back 1.56% stake from French state. Henkel said large acquisitions are not ruled out. KT Corp dropped bid for Vivendi
- Hiruki Nakamura
- 15 Apr, 2013
- New York City
Stocks in Tokyo declined after the U.S. plans to ask Japan to refrain from the measures to devalue the yen. The yen gained more than 1%. Exporters and machinery makers declined after China reported a slowdown in economic growth. Sharp plans to sell its stake in Pioneer Corp.
- Marcus Jacob
- 15 Apr, 2013
- New York City
Resource sector stocks plunged after China reported a decline in economic growth and property and fixed-asset investment growth. Domestically, home loan growth increased for the first time in five months in February.
- Nigel Thomas
- 15 Apr, 2013
- New York City
Markets across the Europe fell sharply after China reported lower than expected economic growth, industrial output and fixed asset investments. Resource sector and market indexes in London, Paris and Frankfurt fell at least 1%.
- Mukesh Buch
- 15 Apr, 2013
- New York City
BHEL said pre-tax profit for the fiscal year soared 92%. U.S. based Oppenheimer increased its stake in DLF to 5.18%. Geojit profit for the fiscal year surged more than three-fold. L&T acquired remaining 50% stake in L&T-Komatsu Japan. Technocraft agreed to acquire Canada based Swift.
- Nigel Thomas
- 12 Apr, 2013
- New York City
European markets traded lower with Germany leading the losers. The across the board sell-off was accelerated after Cyprus sought additional bailout and the worries of growing contagion to smaller nations in the euro zone.
- Mukesh Buch
- 12 Apr, 2013
- New York City
JPMorgan first quarter net surged 33% to $6.53 billion. LinkedIn agreed to buy news reader Pulse for $90 million. Shaw second quarter net gained 2% to $182 million. Wells Fargo second quarter net surged 23% to $4.93 billion.
- Nichole Harper
- 12 Apr, 2013
- New York City
U.S. stocks traded lower after retail sales fell unexpectedly and consumer sentiment index declined to a 9-month low. JPMorgan Chase said first quarter net income increased 33% and Wells Fargo net jumped 22% but revenues fell. JC Penney seeks help to raise $1 billion.
- Nigel Thomas
- 12 Apr, 2013
- New York City
oh. A. Benckiser agreed to buy Master Blenders for
- Hiruki Nakamura
- 12 Apr, 2013
- New York City
Stocks in Tokyo rested and the Nikkei index extended gains by 5.1% in the week. Chiyoda Corp declined after Woodside Petroleum canceled its LNG export terminal project. Fast Retailing fell after Uniqlo reported a 16% fall in operating profit.
- Marcus Jacob
- 12 Apr, 2013
- New York City
Australian stocks gained and finished the week higher after losses in the previous week. The ASX 200 index closed up 2.5%. Woodside Petroleum decided against building an onshore plant at its $45 billion LNG project in Western Australia.