- Nigel Thomas
- 25 Feb, 2013
- New York City
Pearson, the book and newspaper publisher said operating profit for the year plunged 54% and Royalty Pharma agreed to acquire Elan Corp for $6.5 billion. Volkswagen profit for the year surged 40.9%.
- Hiruki Nakamura
- 25 Feb, 2013
- New York City
The Nikkei in Tokyo soared on a speculation that the next appointee for the central bank leadership favors easier monetary policy. Prime Minister Abe showed readiness to enter Trans-Pacific Partnership trade talks.
- Marcus Jacob
- 25 Feb, 2013
- New York City
Australian stocks closed higher and the iron ore prices edged lower after a private survey in China indicated a slower manufacturing expansion in February. QBE is scheduled to release earnings tomorrow. Beach Energy and Chevron partner for shale gas exploration in South Australia.
- Mukesh Buch
- 25 Feb, 2013
- New York City
Claris Lifesciences fourth quarter net declined 27% and EIH net tumbled 28%. GMR Infrastructure plans to sell its 70% stake in a Singapore plant. KSB Pumps net climbed 21%. Power Finance Corp is seeking a bank license.
- Nichole Harper
- 22 Feb, 2013
- New York City
U.S. stocks traded higher after Hewlett Packard and AIG results surpassed expectations. In addition, German business confidence index rose in February lifting the outlook for world exports. European Commission lowered its economic assessment of the region.
- Hiruki Nakamura
- 22 Feb, 2013
- New York City
Stocks in Tokyo traded rebounded after a day of sell-off and morning weakness. The yen eased but the makers of automobiles and electronics fell and financials led the decliners. Prime Minister Shinzo Abe is scheduled to hold a summit with the U.S. President Barack Obama.
- Marcus Jacob
- 22 Feb, 2013
- New York City
Financial markets in Sydney traded higher after slightly positive comments from RBA Governor Glenn Stevens. Billabong reported a large loss and was forced to revise its debt terms with banks. Casino operator Crown reported 40% decline in first half profit.
- Mukesh Buch
- 22 Feb, 2013
- New York City
AIG fourth quarter net swung to a loss and Abercrombie & Fitch climbed more than two-fold. Hewlett-Packard first quarter net plunged 16% and said no plans to break up. Heinz third quarter net jumped 5% and Washington Post posted quarterly net swung to a loss.
- Nigel Thomas
- 22 Feb, 2013
- New York City
Elan Corp plans to buy back $1 billion of stock. Millennium & Copthorne Hotels profit for the year plunged 11% and slipped 2% for the fourth quarter. SES SA profit climbed 5% to
- Mukesh Buch
- 22 Feb, 2013
- New York City
Gujarat Gas fourth quarter net surged 182.4%. Hindustan Motors in talks with European sports utility vehicle makers. Etihad chairman said it needs to revise the deal with Jet Airways. SKF India net declined 20.2%. Voltas joined hands with Benninger AG for marketing and selling.
- Nichole Harper
- 21 Feb, 2013
- New York City
Market indexes in New York declined after Fed comments rattled market nerves. Existing home sales increased 0.4% in January and inventories of unsold homes dropped 25% from a year ago month. Weekly jobless claims rose 20,000. Wal-Mart lifted its dividend.
- Barry Randall
- 21 Feb, 2013
- New York City
Euro zone markets fell sharply after the latest data manufacturing and service sector index showed a shrinking growth rate. Markets in Paris, London and Frankfurt dropped more than 1.7%. Markets in Milan declined 3% ahead of general election this weekend.
- Mukesh Buch
- 21 Feb, 2013
- New York City
Chesapeake fourth quarter net declined 40% and Dana Holding net climbed 27%. Fluor Corp net swung to a loss and Quanta Services net surged 49%. Tesla Motors net loss widened and Wal-Mart net jumped 9% to $5.61 billion.
- Hiruki Nakamura
- 21 Feb, 2013
- New York City
Tokyo markets declined in a regional selloff and energy and metal prices fell. Machinery exporters to China closed lower on the worries that China may tighten lending to curb property speculation. NTT East plans 20% reduction in staff.
- Marcus Jacob
- 21 Feb, 2013
- New York City
Australian market rally came to an abrupt halt as regional markets dropped. The benchmark index dropped 2.3%, largest one day decline in nine months. IAG said its profit more than tripled and increased insurance premium. Origin Energy net tumbled on margin compression.