- Nichole Harper
- 11 Dec, 2013
- New York City
U.S. market indexes declined after a narrow budget deal was announced by bipartisan Congressional leaders. The deal sets spending limits and trims deficits but fails to revise debt limit and sets the stage for another showdown in February.
- Mukesh Buch
- 11 Dec, 2013
- New York City
Costco net rose 2% and comparable sales rose 3%. H&R Block said net loss narrowed. Joy Global dropped despite increases in sales and income. Laboratory Corp lowered its outlook. MasterCard approved stock split of 10-for-1 and raised dividend by 83%.
- Hiruki Nakamura
- 11 Dec, 2013
- New York City
Traders in Japan unwound yen short positions and the currency gained for the second day in a row. Wholesale prices rose 2.7% in November, the eighth monthly increase in a row on weaker yen. Core machine orders rose 0.6% in October.
- Nigel Thomas
- 11 Dec, 2013
- New York City
BPost fell as CVC Capital sold its remaining 19.7% stake in Belgium postal service. FirstGroup rejected spin-off pressure for U.S. unit from Sandell. HSBC sold its stake in Bank of Shanghai to Santander. Mediolanum dropped after Fininvest sold its 5.61% stake.
- Marcus Jacob
- 11 Dec, 2013
- New York City
Australian stocks declined for the fifth day in a row and gold miners gained on the back of a rebound in precious metal prices. General Motors plans to exit manufacturing from Australia by 2017 and Toyota is likely to exit from Australian manufacturing as well.
- Mukesh Buch
- 11 Dec, 2013
- New York City
Bharti Infratel and RJio signed agreement to share infrastructure. Crompton is looking to sell or exit from Canadian power transformer plant. Suzlon Energy won orders to deliver 103 wind turbines in Germany.
- Mukesh Buch
- 10 Dec, 2013
- New York City
AutoZone net jumped 7%. Burlington Stores said net loss widened. Greif net soared 42.6% and net sales jumped 5%. HD Supply net swung to profit. Hi-Tech Pharmacal net tumbled 87%. PVH profit climbed 17%. Toll Brothers net plunged 77%.
- Nigel Thomas
- 10 Dec, 2013
- New York City
Ashtead net surged 85% and sales climbed 23%. CGG signed a seismic survey contract with the Norwegian Petroleum for the next seven years. Vopak lowered its operating earnings outlook. Lloyds plans to sell its remaining stake in St. James''s Place. TUI Travel profit tumbled 54%.
- Hiruki Nakamura
- 10 Dec, 2013
- New York City
Stocks in Tokyo edged down after surging on Monday but indexes are still leading developed markets in the year. The yen dropped to 103.39 against one dollar. Large Japanese companies turned less positive for business conditions in the current quarter.
- Nichole Harper
- 10 Dec, 2013
- New York City
Stocks in New York traded sideways and investors looked ahead to Fed meeting in two weeks. U.S. financial regulators unveiled a key element of the financial reform legislation enacted in 2010. General Motors appoints Mary Barra to replace Dan Akerson as chief executive.
- Marcus Jacob
- 10 Dec, 2013
- New York City
Australian miners continued to cut capital spending and BHP announced a 25% cut in capital spending plan. Qantas and unions head for a new round of job cut discussion. Recall Holdings began trading after separating from Brambles.
- Mukesh Buch
- 10 Dec, 2013
- New York City
Alstom secured two contracts worth Rs 151 crore. Bharti Airtel plans to invest Rs 4,000 crore in Punjab and expand optical fibre network and 4G services. L&T won order for six ships worth above $100 million.
- Nichole Harper
- 09 Dec, 2013
- New York City
Monday merger news dominated trading. Given Imaging agreed to $860 million offer from Covidien. Sysco agreed to pay $3.5 billion and assume $3 billion in debt to acquire US Foods. American Airlines emerged from bankruptcy and merged with US Airways.
- Hiruki Nakamura
- 09 Dec, 2013
- New York City
Stocks in Japan and Asia gained. Nikkei Stock Average in Tokyo soared 2.3% and the yen dropped below 103 level against one dollar. Japan lowered its third quarter economic growth estimate to 1.1% from the previous estimate of 1.9%.
- Mukesh Buch
- 09 Dec, 2013
- New York City
Sysco agreed to acquire US Foods for about $3.5 billion. Essex Property proposed to acquire BRE Properties for $4.48 billion. Given Imaging agreed to be acquired by Covidien for $860 million. Ingles Markets net climbed 17%.