- Mukesh Buch
- 28 Feb, 2014
- New York City
Arena Pharma net loss in the quarter widened but revenue surged. Dril-Quip surged after revenue and profit climbed. J.C. Penney net swung to a profit. Salesforce.com said net loss widened but revenue climbed. Southwestern Energy net swung to a profit.
- Nigel Thomas
- 28 Feb, 2014
- New York City
Andritz net plummeted 73% but the new and backlog of orders surged. Old Mutual net tumbled 33% to
- Hiruki Nakamura
- 28 Feb, 2014
- New York City
Stocks in Tokyo edged lower and the Nikkei closed down 0.2% for the week and fell 0.9% in the month. Itochu, the first Japanese company took a stake in water utility in Spain. Japan Post unveiled an investment plan for the next three years.
- Marcus Jacob
- 28 Feb, 2014
- New York City
Australian stocks struggled for the second day after the release of weak capital spending outlook. However, better than expected earnings lifted the indexes by 4% in February. Woolworths reported best first-half year results in three years and lifted full-year outlook.
- Mukesh Buch
- 28 Feb, 2014
- New York City
Bharti Airtel fined $4 million by the Nigerian telecom regulator. Bosch net declined 19%. L&T won new orders worth Rs. 5,220 crore. M&M profit fell 2% but revenue jumped 8%. Tata Power sells its 30% stake in Indonesia based power subsidiary. Tech Mahindra acquired BASF IT.
- Nichole Harper
- 27 Feb, 2014
- New York City
U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000.
- Hiruki Nakamura
- 27 Feb, 2014
- New York City
Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs.
- Mukesh Buch
- 27 Feb, 2014
- New York City
Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl''s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed.
- Marcus Jacob
- 27 Feb, 2014
- New York City
Australian stocks declined after December quarter capital investment fell more than expected 5.2%. The spending is expected to fall further in the current quarter. Qantas confirmed its plan to trim 5,000 jobs.
- Nigel Thomas
- 27 Feb, 2014
- New York City
Allianz net surged 14.6% to
- Mukesh Buch
- 26 Feb, 2014
- New York City
Chesapeake net swung to a loss. Dollar Tree net dropped 7%. Heico profit surged 38% on 23% rise in sales. Lowe
- Nichole Harper
- 26 Feb, 2014
- New York City
U.S. new home sales increased to a six-year high annualized rate. Retailers were in focus after Target Corp reported better than expected earnings. TJX announced a $2 billion share buyback program. First Solar plunged on earnings decline. DreamWorks Animation sales plunged 23%.
- Nigel Thomas
- 26 Feb, 2014
- New York City
Ferrovial net jumped 5% to
- Hiruki Nakamura
- 26 Feb, 2014
- New York City
Stocks in Tokyo paused and investors focused on the yen weakness. Panasonic Corp soared after the company plans to build electric batteries for Tesla Motors Inc. The gained 0.3%.
- Marcus Jacob
- 26 Feb, 2014
- New York City
Australian indexes closed higher led by a rise in banks and insurance companies. Prime Minister Tony Abbott announced a $320 million assistance package for drought affected farmers. Lend Lease first-half profit declined 16% but offered positive outlook.