- Arthi Gupta
- 21 Aug, 2012
- New York City
Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.
- Bikram Pandey
- 20 Aug, 2012
- New York City
U.S. stocks traded sideways after investors turned cautious on stretched valuations. European leaders kicked off another round of talks to renegotiate Greek bailout terms and the distribution process for Spain. Retail gasoline prices gained as summer demand stayed near peak.
- Nigel Thomas
- 20 Aug, 2012
- New York City
Stocks in Japan traded mixed and domestic economy linked companies were favoured in thin trading. Home prices in China gained, dashing any hopes of additional government stimulus. The discount retailer Don Quijote surged 5% on higher estimated earnings.
- Marcus Jacob
- 20 Aug, 2012
- New York City
Australian stocks closed lower and investors focused on defensive stocks ahead of meetings of European leaders later in the week. Telstra and CBA traded ex-dividend. Bendigo and Adelaide Bank said annual net dropped 43%.
- Mukesh Buch
- 20 Aug, 2012
- New York City
Aetna agreed to buy Coventry Health for $5.7 billion and FMC Technologies agreed to acquire Pure Energy for C$282 million. Kinder Morgan said it sold natural gas pipe networks and facilities for $3.3 billion. Lowe''s declined on weak outlook.
- Arthi Gupta
- 20 Aug, 2012
- New York City
On merger Monday, Aetna agreed to acquire Coventry Health Care for $7.3 billion, including debt. FMC agreed to buy Pure Energy Services for $285 million. Kinder Morgan Energy Partners agreed to sell its Rockies assets for $3.3 billion.
- Arthi Gupta
- 20 Aug, 2012
- New York City
The European indexes rose and the ECB may set yield limits for sovereign bonds. Construction output in the euro zone fell in June. UK home prices slumped in August. Heineken raised its offer to acquire Fraser & Neave''s stake in Asia Pacific Breweries.
- Bikram Pandey
- 17 Aug, 2012
- New York City
U.S. indexes extended gains for the sixth week in a row on improving consumer confidence and economic conditions. S&P 500 index is up 12.8% in the year and the Nasdaq Composite is up 17%. Facebook, Groupon and Zynga dropped to new lows after more stocks are available for trading.
- Nigel Thomas
- 17 Aug, 2012
- New York City
The Nikkei index gained more than 3% for the second week in a row after investors covered short positions and the yen weakened. Japan Tobacco was volatile for the third day in a row after China proposed tobacco advertising ban and higher taxes.
- Marcus Jacob
- 17 Aug, 2012
- New York City
Australian markets indexes surged 0.9% on stronger local earnings and improving sentiment in the euro zone. ANZ reported first half profit increased 9%. QBE net surged but stock dropped on weaker outlook in the U.S.
- Mukesh Buch
- 17 Aug, 2012
- New York City
Ann second quarter net climbed 24% and Foot Locker net jumped 60%. Hibbett Sports net surged 33%. Marvell Technology third quarter net plummeted 52% to $93.1 million and J. M. Smucker net slid. Gap second quarter net soared 29% to $243 million.
- Arthi Gupta
- 17 Aug, 2012
- New York City
U.S. and global indexes traded higher after comments from German Chancellor Angela Merkel. Illinois Tool Works agreed to divest a 51% stake in its unit for $1.1 billion. Foot Locker net soared in the second quarter.
- Arthi Gupta
- 17 Aug, 2012
- New York City
Swiss Life first-half profit from operations rose 17% driven by operational advances and a strong investment result. Nokia planned to integrate social games from Zynga in the third quarter.
- Arthi Gupta
- 17 Aug, 2012
- New York City
The European indexes gained on positive comments from German Chancellor Angela Merkel. Euro zone current account and trade surplus rose in June. German producer price inflation eased to a two-year low in July. Swiss Life first-half profit from operations rose 17%.