- Bikram Pandey
- 14 Feb, 2013
- New York City
Stocks trade sideways on weak economic data from the euro zone and Japan. Deal making was in full swing after four large deals signal improving business confidence. World markets were on the defensive. Gold and copper eased but natural gas and gasoline were on the rise.
- Nichole Harper
- 14 Feb, 2013
- New York City
Deal making dominated market news in morning trading. Heinz agreed to a deal worth $23 billion, AMR and U.S. Air agreed on an all-stock $11 billion merger and Cardinal Health offered to buy AssuraMed for $2.07 billion.
- Barry Randall
- 14 Feb, 2013
- New York City
European markets fell across the region after the economy in the currency union shrank in the final quarter by 0.6%. For the 2012, the economy in the region fell 0.5%. However, in the quarter the decline deepened in Greece, Spain, Portugal and Italy. Nestle reported lower than expected sales gains.
- Barry Randall
- 14 Feb, 2013
- New York City
The Swiss power company ABB reported higher than expected earnings. Anheuser Busch InBev, agreed to sell its Corono distribution in the U.S. for $2.9 billion. BNP Paribas rose after its plan to increase dividend. Bankia plunged 11%. A.G. Barr canceled its deal to buy Britvic. Renault soared 8%.
- Mukesh Buch
- 14 Feb, 2013
- New York City
ABB fourth quarter net declined 27% and Apache first quarter net plunged 45%. Cisco second quarter net surged 44%. DirecTV fourth quarter net climbed 31% and General Motors net surged 89%. PepsiCo fourth quarter net soared 17%. PPL fourth quarter declined 21%.
- Hiruki Nakamura
- 14 Feb, 2013
- New York City
Stocks in Tokyo traded higher and the Bank of Japan left its asset purchase program unrevised. Economy contracted for the third quarter in a row and weakness in international traded negatively affected the growth. Asahi Group estimated higher earnings.
- Marcus Jacob
- 14 Feb, 2013
- New York City
Australian stocks traded higher and the dollar held firm. Wesfarmers earnings rose on the strong performance at its retail unit Coles. Rio Tinto reported a loss after taking $14.4 billion write down against its failed Canadian and Mozambique acquisitions.
- Mukesh Buch
- 14 Feb, 2013
- New York City
Aditya Birla Nuvo third quarter net climbed 28% and Bharat Petroleum net declined 47.5%. Coal India net jumped 8.9% and Dr. Reddy
- Nichole Harper
- 13 Feb, 2013
- New York City
Market indexes on Wall Street drifted lower and the euro gained a fraction. Retail sales in December gained more than expected. Comcast agreed to acquire the remaining 49% stake in NBCUniversal in $16.7 billion deal.
- Mukesh Buch
- 13 Feb, 2013
- New York City
Comcast fourth quarter net declined 15% and buy rest of NBC 49% stake from GE for $16.7 billion. Cliffs net to $1.62 billion loss and Duke Energy net jumped 51%. Deere & Co net surged 22%. Dean Foods net swung to profit. Thomson Reuters net swung to profit.
- Barry Randall
- 13 Feb, 2013
- New York City
Banks were in focus after Societe Generale reported December quarter loss. BNP Paribas is scheduled to release earnings tomorrow. Storerbrand ASA dropped 9% on lower than expected earnings. PSA Peugeot said it will cut 900 million euros of costs. Heineken reported earnings above expectations.
- Barry Randall
- 13 Feb, 2013
- New York City
European markets traded higher despite the Bank of England Governor casting doubts on the recent market rally. Markets across the euro zone traded higher after factory output increase more than expected in December. The euro gained. BoE estimated above-target inflation for prolonged period.
- Hiruki Nakamura
- 13 Feb, 2013
- New York City
The benchmark index in Tokyo fell 1% after the yen inched higher on conflicting comments from G7 officials. The yen direction is setting the tone in stock market as investors forecast more weakness. Japan is set to release economic growth data tomorrow. Pioneer, Daikin, Gree and Mazda led decliners.
- Marcus Jacob
- 13 Feb, 2013
- New York City
Australian market indexes surged after Commonwealth Bank reported higher than expected profit and said it is on target to reach $7 billion for the year. Leighton swung to net profit and guided higher net in the current year. Stockton reported a loss.
- Mukesh Buch
- 13 Feb, 2013
- New York City
Chennai Petroleum third quarter net loss widened and Eicher Motors net declined 15%. Fortis Healthcare net climbed. HPCL net dropped 95% and Hindustan Copper net slipped 4%. IOC net surged 34% and NMDC net plunged 31%. Tata Steel net declined 26%.