- Marcus Jacob
- 08 Jan, 2013
- New York City
Australian stocks closed lower as financials and miners led the decliners. Trade deficit surged a record high in November as imports rose faster than exports. Iron ore prices rebounded to a 15-month high.
- Mukesh Buch
- 08 Jan, 2013
- New York City
Acuity Brands first quarter net dropped 13% and acquired Adura Technologies. IHS fourth quarter net climbed 100% and Monsanto net jumped 169%. Sears expects fiscal year loss and Edwad Lampert will assume additional role as the chief executive.
- Mukesh Buch
- 08 Jan, 2013
- New York City
Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.
- Nichole Harper
- 07 Jan, 2013
- New York City
Stocks were on the defensive on Wall Street after broader indexes gained to a five-year high on Friday. Bank of America agreed to settle claims with Fannie Mae for $10 billion and ten banks agreed to pay $8.5 billion to end foreclosure abuse claims.
- Nigel Thomas
- 07 Jan, 2013
- New York City
Banks led the gainers in European trading after Basel Committee capitulated to banking industry lobby in revised capital standards implementation. Rolls Royce fell 1.6% after the UK regulator hold bribery inquiry. Faurecia gained 7% on hopes that controlling shareholder Peugeot may sell its stake.
- Barry Randall
- 07 Jan, 2013
- New York City
European markets traded lower but banks led the gainers after Basel Committee capitulated to pressure from large global banks and eased implementation of new capital and liquidity rules.
- Mukesh Buch
- 07 Jan, 2013
- New York City
Athenahealth agreed to acquire Epocrates Inc for $293 million in cash. Bank of America settled $3.6 billion mortgage claims with Fannie Mae. Illumina agreed to purchase Verinata Health, Inc. for $350 million. Nationstar acquired $215 billion mortgage service rights from Bank of America.
- Nigel Thomas
- 07 Jan, 2013
- New York City
Stocks in Tokyo turned lower after a sharp rally in the last four sessions in a row as the yen paused from its decline. Aozora Bank plunged after its controlling shareholder Cerberus Capital filed to sell its stake.
- Marcus Jacob
- 07 Jan, 2013
- New York City
Australian markets eased following softer resource prices. Lynas said it is set to ship from its controversial rare earth processing refinery in Malaysia. Whitehaven Coal rebounds after it resumes trading that knocked off 9%.
- Mukesh Buch
- 07 Jan, 2013
- New York City
Havells India revised trademark license agreement with its promoter. Indraprastha Gas raised cooking gas price in Delhi area. Marico split its Kaya unit as Marico Kaya Enterprises Ltd. Mahanagar Telephone Nigam delisted from New York Stock Exchange.
- Mukesh Buch
- 05 Jan, 2013
- New York City
Retailers reported rising sales but consumers held out for deep discounts late in the month and forcing at least 7 major chains to cut earnings outlook. Of the 17 chains, 5 reported a decline in same store sales and 11 chains sales advanced.
- 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.