- Marcus Jacob
- 15 Aug, 2012
- New York City
Australian investors sought the safety in local economy oriented companies. Commonwealth Bank reported record $7 billion profit for the year ending in June. OZ Minerals dropped 7% after it reported rising profits but operating costs rose more than expected.
- Mukesh Buch
- 15 Aug, 2012
- New York City
Deere third quarter net jumped 11% and provides fiscal outlook. KIT digital said second quarter net loss widened to $151.1 million and Staples plunged 31.8%. Carlyle Group acquired Getty Images for $3.3 billion. Target said second quarter net flat.
- Arthi Gupta
- 15 Aug, 2012
- New York City
U.S. indexes dropped after consumer prices remained unchanged in July. Carlyle agreed to acquire Getty Images for $3.3 billion. Global Payments agreed to buy Accelerated Payment for $413 million in cash. Abercrombie quarterly net fell but Deere earnings rose.
- Arthi Gupta
- 15 Aug, 2012
- New York City
Balfour Beatty first-half revenue rose 6% but Eurasian Natural Resources pre-tax profit plunged 59%. Hennes & Mauritz total July sales increased 11%. Carlsberg second quarter net revenue improved 5%.
- Arthi Gupta
- 15 Aug, 2012
- New York City
The European indexes edged lower in weak trading across the region. The UK jobless claimant count fell unexpectedly in July. Hungarian production eased in June. Lloyds Banking agreed to sell a portfolio of private equity investments for
- Bikram Pandey
- 14 Aug, 2012
- New York City
U.S. stocks gained after retail sales increased the most in four months. However, euro zone economies struggled in the second quarter. In trading, Internet stocks were in focus after Groupon plunged 23% and Yelp, Angies List and Facebook extended losses. New York settles Standard Chartered probe.
- Nigel Thomas
- 14 Aug, 2012
- New York City
Stocks in Tokyo traded higher for the first time in three days as most investors stayed away for a weeklong holiday. Investors focused on international events after the winding down of the earnings season and the lack of domestic economic news.
- Marcus Jacob
- 14 Aug, 2012
- New York City
Australian indexes closed higher and the dollar edged lower after the latest batch of earnings lifted market sentiment. International worries linked to China, Japan and the euro zone restrained market advance.
- Nichole Harper
- 14 Aug, 2012
- New York City
The daily-deals site operator Groupon Inc plunged 23% after it issued a cautious earnings outlook. The designer apparel maker Michael Kors soared 14% after it reported a sharp upswing in earnings. Home Depot gained after the retailer reported better than expected earnings. TJX was flat.
- Arthi Gupta
- 14 Aug, 2012
- New York City
U.S. indexes edged higher after retail sales rose unexpectedly and PPI climbed in July. Scotiabank agreed to acquire a 51% stake in Colombia-based Colfondos AFP. Teleflex agreed to acquire assets of LMA Intnl for $276 million.
- Arthi Gupta
- 14 Aug, 2012
- New York City
Sky Deutschland second quarter revenues increased driven by the 14% increase in subscribers and an ARPU growth. RWE earnings remained flat, Nordex sales grew and Salzgitter swung to loss in the first-half. TUI third quarter operating earnings climbed 6%.
- Arthi Gupta
- 14 Aug, 2012
- New York City
The European indexes gained after the German economy expanded more than estimated in the second quarter and the activities in the euro zone declined 0.2%. The UK home prices declined in July. RWE planned to cut 2,400 positions globally.
- Bikram Pandey
- 13 Aug, 2012
- New York City
U.S. indexes declined on weak volume after Japan reported a slowdown. BP Plc decided to exit California refining business and sold its refinery to Tesoro and sold natural gas assets to raise for $2.75 billion. Google attempted to restart its local content effort with the purchase of Frommer''s.
- Marcus Jacob
- 13 Aug, 2012
- New York City
Australian stocks closed higher after a string of earnings reports. But worries linked to China trimmed the market advance. BlueScope agreed to form a joint venture with Nippon Steel for its coated products unit. Newcrest Mining said annual profit increased 23%. JB Hi-Fi guided higher sales.
- Nigel Thomas
- 13 Aug, 2012
- New York City
Japan reported a sharp decline in economic growth in the second quarter as consumer spending growth eased. Stocks were nearly flat on the hopes of additional stimulus measures. Taiheiyo Cement Co dropped 5% after quarterly profit was lower than expected.