- Mukesh Buch
- 17 May, 2012
- New York City
Dollar Tree first quarter net increased 15% to $116 million. Sears first quarter net swung to $189 million profit and plan for a partial spin-off. Ross Stores first quarter net soared 21% to $208.6 million and Wal-Mart increased 10% to $3.74 billion.
- Arthi Gupta
- 17 May, 2012
- New York City
U.S. indexes traded lower tracking the European markets. U.S. weekly jobless claims were nearly unchanged at 370,000 and foreclosure activity fell in April. Agilent agreed to acquire Denmark-based Dako for $2.2 billion and Boyd Gaming agreed to buy Peninsula Gaming for $1.45 billion.
- Marcus Jacob
- 17 May, 2012
- New York City
Stocks in Tokyo rebounded in choppy trading after GDP in the last fiscal quarter to March increased 4.1% from a year ago. The GDP declined 0.01% in the year after exports plunged on supply chain disruptions. Toshiba said it will stop making television sets in Japan as the unit declares a loss.
- Mukesh Buch
- 17 May, 2012
- New York City
Australian stocks made a feeble attempt to rebound as mining and banking stocks traded volatile. BHP walked out of a mining venture in north Queensland and said the project is unviable. Coalworks asked shareholders to reject a takeover bid.
- Arthi Gupta
- 17 May, 2012
- New York City
The European indexes fell on the ongoing worries in Greece. Spain returned to recession in the first quarter. The International Monetary Fund estimates the Italian economy to contract this year. E.ON agreed to sell its gas transmission company to a consortium for about
- Mukesh Buch
- 15 May, 2012
- New York City
Agilent Technologies second quarter net surged 28% and lifted outlook. Groupon first quarter net loss narrowed 92% and guided second quarter revenue to increase between 40% and 50%. Home Depot first quarter net increased 28% to $1.04 billion and TJX surged 58% to $419.2 million.
- Mukesh Buch
- 14 May, 2012
- New York City
Avon said it will respond to the takeover deal from Coty for $10.7 billion. InterOil first quarter net surged more than twelve folds and Seadrill first quarter net plunged 50% to $439 million. Silver Wheaton first quarter net increased 20% to $147.2 million.
- Mukesh Buch
- 11 May, 2012
- New York City
CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.
- Mukesh Buch
- 10 May, 2012
- New York City
ArcelorMittal first quarter net declined 928% to $11 million and Activision net dropped 24% to $384 million. Cisco third quarter net surged 20% to $2.2 billion. Coty revised its offer for Avon. Kohl''s first quarter net declined 23% to $154 million. News Corp. third quarter net soared 47% to $937 mn.
- Mukesh Buch
- 09 May, 2012
- New York City
AOL first quarter net surged 349% on advertising growth. Dean Foods first quarter net soared 50% and Enbridge first quarter net declined 27% to $264 million. Macy’s first quarter net surged 38% to $181 million. Walt Disney second quarter net soared 21% to $1.14 billion.
- Mukesh Buch
- 08 May, 2012
- New York City
DirecTV first quarter net increased 8% to $731 million on little subscriber growth and Discovery Communications net declined 28% to $221 million. Electronic Arts fourth quarter net surged 165% to $400 million. Fossil first quarter net rose 4.2% and raise fiscal revenue outlook.
- Bikram Pandey
- 16 May, 2012
- New York City
U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The euro slid and oil and precious metals weakened.
- Mukesh Buch
- 16 May, 2012
- New York City
Deere & Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook.
- Arthi Gupta
- 15 May, 2012
- New York City
U.S. indexes climbed after retail sales rose and consumer prices remained flat in April. Facebook raised the price range of its initial public offering. Coty withdrew $10.7 billion takeover bid for Avon Products.
- Arthi Gupta
- 15 May, 2012
- New York City
The European indexes rebounded after the German economy expanded more than estimated in the first quarter. Rating agency downgraded 26 Italian banks. Greece sold