- Mukesh Buch
- 21 Feb, 2013
- New York City
ABB fourth quarter net plunged 73% and Nestle India net climbed 21%. SAIL board is likely to decide share buy-back plan on February 25. Shriram Transport dropped. Videocon jumped on Mozambique stake sale talk with ONGC.
- Nigel Thomas
- 21 Feb, 2013
- New York City
Allianz SE net doubled to
- Devan Biswas
- 20 Feb, 2013
- New York City
Office Depot agreed to acquire OfficeMax in all stock deal that will create a company with total sales of $18 billion. The office supply industry consolidates after the weak economy drags sales and the competition from online retailers shrink margins.
- Nichole Harper
- 20 Feb, 2013
- New York City
U.S. stocks declined after home construction fell 8.5% in January after surging 15.7% in December. The weakness in the housing data dragged market sentiment. Office Depot agreed to buy OfficeMax for $1.2 billion.
- Barry Randall
- 20 Feb, 2013
- New York City
Markets in Europe traded higher but trading volume was weak. Spain estimated budget deficit in 2012 to decline just below 7%, the lowest in four years. UK jobless claims fell more than expected in January.
- Mukesh Buch
- 20 Feb, 2013
- New York City
Analog Devices first quarter net plunged 31% and DTE Energy net tumbled 46%. DISH Network fourth quarter net declined 33% on lower subscribers. Dell net plunged 31% and Owens Corning net swung to a loss.
- Hiruki Nakamura
- 20 Feb, 2013
- New York City
Stocks in Tokyo gained ahead of the central bank leadership change announcement. Trade deficit in January increased to a record high of $17.4 billion on rising energy imports and weakening yen. Toyota plans to increase domestic auto production from April.
- Nigel Thomas
- 20 Feb, 2013
- New York City
BHP Billiton net plunged 58% and Credit Agricole loss widened to
- Marcus Jacob
- 20 Feb, 2013
- New York City
Australian markets closed higher and the ASX index traded at a new 4-year high. Fortescue net declined 40% on lower iron ore prices. BHP Billiton announced chief executive Marius Kloppers will be replaced by Andrew Mackenzie. Suncorp raised dividend by 25%.
- Mukesh Buch
- 20 Feb, 2013
- New York City
Jaiprakash Power launched qualified institutional placement to raise nearly $730 million. LIC Housing Finance plans to raise nearly $37 million. Reliance Industries and two partners plan to invest over $5 billion in KG-D6 basin. Thomas Cook net declined 25%.
- Bikram Pandey
- 19 Feb, 2013
- New York City
U.S. market indexes extended gains in global markets after German confidence surged and earnings on both sides of Atlantic rose. Crude oil held at elevated levels and gold eased for the second day in a row in New York.
- Nichole Harper
- 19 Feb, 2013
- New York City
U.S. stocks extended gains after the latest earnings release and widespread gains in the European markets. German investor confidence rose more than estimated. Merger talks among office supply retailers also contributed to the positive sentiment. Homebuilder confidence unexpectedly fell in February.
- Barry Randall
- 19 Feb, 2013
- New York City
Markets in the European Union soared after German investor confidence in February was ahead of expectations by a wide margin. Spain successfully raised 4 billion euros meeting its debt sale target. Italy is set to complete parliamentary election this weekend.
- Hiruki Nakamura
- 19 Feb, 2013
- New York City
Stocks in Tokyo edged lower and the yen gained against the dollar. Prime minister will delay the appointment of Bank of Japan governor after his return from a trade summit talks with President Obama later this week. Bridgestone soared on earnings surprise.
- Mukesh Buch
- 19 Feb, 2013
- New York City
Bruker Corp fourth quarter net plunged 67% and Cimarex net declined 15%. Medtronic third quarter net climbed 6% and reiterated fiscal outlook. Omnicare fourth quarter surged 90% and Sealed Air net swung to a profit and Wolverine net to a loss.