- Mukesh Buch
- 04 Jan, 2013
- New York City
A. Schulman first quarter net declined 13%. Accuray offered weak outlook for the second quarter. Gap acquired Intermix for $130 million in cash. Mosaic second quarter net slid as sales declined 16%. Finish Line third quarter net swung to loss.
- Nichole Harper
- 04 Jan, 2013
- New York City
Stocks in early trading in New York lacked direction after a modest increase in net new jobs in December. Manufactured goods orders increased slightly in November but durable goods orders were revised higher.
- Nigel Thomas
- 04 Jan, 2013
- New York City
Stocks in Tokyo played catch up with the rest of the Asian markets and the yen declined to a new low in nearly three years. The Nikkei surged 2.8% and the Topix added 3.3%. Autos and industrial machinery makers led the gainers.
- Marcus Jacob
- 04 Jan, 2013
- New York City
Australian stocks declined for the first time in 3-days tracking lower international markets. Private sector credit availability was at the weakest in 19-months according to the latest data from the RBA.
- Mukesh Buch
- 04 Jan, 2013
- New York City
Bharti Infratel is selected for FTSE global indexes from January 7. Jet Airways is in deal talks to sell 24% stake to Abu Dhabi based Etihad Airways. Airline sector in India is reeling with losses on record high fuel and low ticket prices.
- Bikram Pandey
- 03 Jan, 2013
- New York City
Attention on Wall Street shifted to the upcoming debt negotiations and traders turned cautious. U.S. auto sales jumped 12.5% in 2012 and sales of new cars are expected to reach 15 million units in 2013. Retailers posted higher holiday sales on deep discounts.
- Nigel Thomas
- 03 Jan, 2013
- New York City
Germany reported unemployment held steady at 6.9%, lowest in two decades. Spain said registered unemployed people fell by 59,000 in December as employers in service sector added jobs. Lending to households and companies fell in November in the euro zone.
- Barry Randall
- 03 Jan, 2013
- New York City
European markets trimmed losses and Swiss market index played a catch up after holiday break. The benchmark index soared 2.9% in Zurich trading. Indexes across the region traded lower as resource and banks closed down.
- Nigel Thomas
- 03 Jan, 2013
- New York City
Alcatel-Lucent gained after Credit Suisse revised higher its views. K+S AG dropped after Chinese company bought fertilizer at a cheaper price from North American manufacturers. Next Plc gained on higher annual profit estimate. Swiss stocks rallied on higher luxury goods sales in Hong Kong.
- Nichole Harper
- 03 Jan, 2013
- New York City
Stocks on Wall Street traded sideways after weekly jobless claims rose more than expected and private sector added 215,000 net new jobs in December. For the year, U.S. economy has added 151,000 net new jobs. Retailers reported comparable sales increased 4.5% on deep discounting.
- Mukesh Buch
- 03 Jan, 2013
- New York City
Indian Overseas Bank approved equity rights issue. Manappuram Finance surged on the expectations that the Reserve Bank may increase loan-to-value ratio on gold loans to 75%. Ramky Infrastructure arranged debt syndication.
- Mukesh Buch
- 03 Jan, 2013
- New York City
Family Dollar first quarter net edged up and lifted second quarter outlook. Macy
- Marcus Jacob
- 03 Jan, 2013
- New York City
Australian stocks advanced to a new 19-month high following a rally in international markets. The Aussie dollar gained and resource stocks advanced after prices of crude oil jumped to a two-month high and metals prices increased.
- Bikram Pandey
- 02 Jan, 2013
- New York City
Market indexes on Wall Street soared after lawmakers approved smaller tax increases and spending cuts and avoided the economy from sliding into a recession. Manufacturing expanded but construction activity fell. Markets in Europe and Asia soared at least 2%.
- Marcus Jacob
- 02 Jan, 2013
- New York City
Australian markets traded higher and stocks gained on the first day of trading. The Aussie dollar gained against the U.S. dollar and Japanese yen after iron ore prices rose to a new 8-month high.