- Mukesh Buch
- 14 Apr, 2014
- New York City
Citigroup net jumped 4% and revenue fell 2%. Goodrich Petroleum surged after commencing production from its Louisiana well. J.B. Hunt profit dropped 6% but revenue soared 9%. M&T Bank net plunged 16%. WebMD Health soared after lifted its first-quarter outlook.
- Nigel Thomas
- 14 Apr, 2014
- New York City
Glencore Xstrata sell its stake in the Las Bambas copper mine to China-based Minmetals for $5.85 billion in Peru. Kuehne & Nagel net climbed 12% but sales fell 1%. Marine Harvest said production increased. Symrise offered to buy Diana Group for in a
- Nichole Harper
- 14 Apr, 2014
- New York City
U.S. stocks advanced and retail sales rose more than expected in March, TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion. Euro zone industrial production edged up 0.2% in February. Tensions in Europe rose after violence in Ukraine intensified.
- Devan Biswas
- 14 Apr, 2014
- New York City
Financial services provider TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion, including debt.
- Hiruki Nakamura
- 14 Apr, 2014
- New York City
Nikkei index in Tokyo extended losses as markets across Asia declined. The yen gained and exporters and auto makers extended weekly losses. Aderans Co Ltd gained after the retailer reported earnings and sales soared.
- Marcus Jacob
- 14 Apr, 2014
- New York City
Australian and Asian markets declined after a weakness in tech stocks in the region. Westfield takes steps to split its domestic and international businesses. QBE Insurance Group is looking for ways to restructure its U.S. underwriting business.
- Nichole Harper
- 11 Apr, 2014
- New York City
Stocks on Wall Street struggled and the S&P 500 index extended the decline to 2.2% in the week. The index had rallied more than 8% in the month to April 2. JPMorgan net declined on weak fixed-income trading. Wells Fargo net topped estimates. Coldwater Creek plans liquidation.
- Mukesh Buch
- 11 Apr, 2014
- New York City
Fastenal net rose 3% but sales climbed 9%. JPMorgan net plunged 19%. Pier 1 profit tumbled 31% after sales declined 6.5%. Shaw Communications net soared 22%. Wells Fargo net climbed 14% and revenue declined 8%.
- Hiruki Nakamura
- 11 Apr, 2014
- New York City
Market indexes in Tokyo extended losses in the week and two widely followed indexes plunged around 7%. Toyota declined for the seventh day in a row. Fast Retailing extended plunge to 13% in the week on profit warning. SoftBank Corp, Komatsu Ltd and Aisin Seiki Corp led decliners.
- Nigel Thomas
- 11 Apr, 2014
- New York City
Bauer net in the year swung to a loss
- Marcus Jacob
- 11 Apr, 2014
- New York City
Australian indexes dropped 0.9% but closed up 0.1% in the week on improving economic news and rising commodities prices. Total new lending contracts in February declined 0.7%. Home loans commitment increased 1.9%. Australian dollar advanced.
- Mukesh Buch
- 11 Apr, 2014
- New York City
NMDC gained after production and dispatches update for the year. Ratnamani Metals secured two orders valued Rs 412 crore. Tata Motors launched a modified version of the crossover vehicle Aria.
- Mukesh Buch
- 10 Apr, 2014
- New York City
Bed Bath & Beyond net declined 11% and sales dropped 6%. Costco net sales climbed and comparable sales jumped 5%. Family Dollar net plunged 35% after sales dropped 7%. L Brands comparable sales in March fell 1%. iGATE profit dropped 9%. Rite Aid net tumbled 54%.
- Nigel Thomas
- 10 Apr, 2014
- New York City
Carrefour said revenue in the first-quarter dropped 4% to
- Nichole Harper
- 10 Apr, 2014
- New York City
Stocks on Wall Street turned lower led by the weakness in tech stocks for the fifth day. Initial claims of jobless benefits declined to the lowest level in seven years. Greece returned to bond market after four years of exile. China