- Devan Biswas
- 18 Mar, 2013
- New York City
Cyprus bank depositors are facing a
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ameresco fourth quarter net climbed 40%. Cerner agreed to acquire automation solution provider Labotix Automation. Cynosure agreed to buy Palomar Medical for $294 million in cash.
- Nichole Harper
- 18 Mar, 2013
- New York City
Cyprus bailout conditions weighed heavily on market sentiment in New York trading this morning. Market indexes and stocks were in a broad decline and commodities eased as well. Gold gained.
- Nigel Thomas
- 18 Mar, 2013
- New York City
Banks in the euro zone declined sharply on the fresh worries of bank bailout after the euro zone finance ministers proposed a tax on depositors as a conditions for a Cyprus bank bailout. Airbus won an order from Indonesia base airline valued at a list price of $24 billion.
- Hiruki Nakamura
- 18 Mar, 2013
- New York City
The Nikkei index in Tokyo led the Asia-wide decline after the latest proposal to levy tax on bank depositors in Cyprus as a part of the bank bailout spooked investors. The yen gained but traded above the 94 level. Water Direct soared 150% after it opened for initial public offering.
- Marcus Jacob
- 18 Mar, 2013
- New York City
Markets in Australia and in Asia fell sharply on the worries that euro zone debt troubles are far from over. The latest proposal to impose a tax on bank depositors set off worries of a bank run in other troubled nations and knocked off commodities prices.
- Mukesh Buch
- 18 Mar, 2013
- New York City
Ashok Leyland sold stake in IndusInd Bank controlled by Hinduja group. Indian government plans to sell 10% stake in Coal India. L&T plans to divest up to 20% stake in infrastructure unit to raise $500 million. Thomas Cook won an approval for secondary offering.
- Mukesh Buch
- 15 Mar, 2013
- New York City
Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.
- Nichole Harper
- 15 Mar, 2013
- New York City
U.S. stocks were under pressure after Federal Reserve asked JPMorgan and Goldman Sachs to resubmit their capital plans and rejected the plan by BB&T Corp and Ally Financial to return capital to shareholders.
- Nigel Thomas
- 15 Mar, 2013
- New York City
Bwin.party said total loss for the year narrowed to
- Hiruki Nakamura
- 15 Mar, 2013
- New York City
Japanese lawmakers confirmed the leadership change at the Bank of Japan. Central Bank is scheduled to begin its two-day meeting on April 3. Nikkei jumped 1.5% and banks and shipping companies led the gainers.
- Marcus Jacob
- 15 Mar, 2013
- New York City
Australian stocks rebounded following the sustained gains in New York. Market indexes opened higher and built more gains after miners and banks participated in the rally.
- Mukesh Buch
- 15 Mar, 2013
- New York City
Corporation Bank shareholders approved preferential share allotment to government. Dredging opened its public issue of tax-free bonds to raise $90 million. HPCL plans to set up petrochemical complex in Rajasthan. Nalco public offer fully subscribed.
- Mukesh Buch
- 14 Mar, 2013
- New York City
Global Partners fourth quarter net surged 126% and Hot Topic net jumped 35%. Buckle fourth quarter net climbed 9% to $61.4 million and Men
- Nichole Harper
- 14 Mar, 2013
- New York City
Stocks in New York traded higher after weekly jobless claims declined for the second week in a row and wholesale prices fell and current account deficit shrank unexpectedly in February. S&P 500 index inched closer to all-time closing high.