- Mukesh Buch
- 11 Mar, 2013
- New York City
Dick''s Sporting fourth quarter net jumped 7% to $129.7 million. Emulex extended offer period to UK based Endace Limited. China based social networking Renren fourth quarter net swung to loss.
- Nigel Thomas
- 11 Mar, 2013
- New York City
Brady profit for the year declined 76%. Elan plans to buy back $1 billion of shares. Nordex earnings for the year climbed 33%. Ladbrokes expanded partnership with Playtech. Soco profit for the year surged 134%.
- Hiruki Nakamura
- 11 Mar, 2013
- New York City
Stocks in Tokyo extended rally for the eighth day in a row and the Nikkei index closed at a new 5-year high. The yen dropped to a low not seen since August 2009. Warehouse and real estate stocks led the surge.
- Marcus Jacob
- 11 Mar, 2013
- New York City
Australian stocks inched higher after banks and resource stocks led the gainers. The benchmark ASX 200 index closed at a new high since June 2008. CSR said it plans to cut 150 jobs. Retailer Woolworths gained 1% to close at a new record high.
- Mukesh Buch
- 11 Mar, 2013
- New York City
Amtek Auto agreed to acquire German based NeumayerTek Group for $500 million. GVK Power signed partnership with Australia based Aurizon for two projects. Indiabulls merged with its housing finance company.
- Nichole Harper
- 08 Mar, 2013
- New York City
Stocks in New York searched for direction after employers added more-than-expected 236,000 jobs and jobless rate declined to 7.7%. Housing sector strength also contributed to the jobs increase in financial services and other sectors. Wholesale inventories increased 1.2% in January.
- Mukesh Buch
- 08 Mar, 2013
- New York City
Ann fourth quarter net jumped 9% and Arcos Dorados net slipped 4%. Foot Locker fourth quarter net climbed 28% to $104 million and Genesco net dropped 7%. Kroger fourth quarter net swung to $461.5 million profit. The Cooper quarterly net jumped 37%.
- Hiruki Nakamura
- 08 Mar, 2013
- New York City
Stocks in Tokyo extended gains and the Nikkei index soared to a new 5-year higher. Economic growth in the final quarter was revised to 0.2% increase from the previous estimate of 0.4% contraction. The yen eased.
- Nigel Thomas
- 08 Mar, 2013
- New York City
Admiral Group profit for the year jumped 17% to
- Marcus Jacob
- 08 Mar, 2013
- New York City
Australian stocks were empowered and commodities linked stocks led the surge after China reported a surge in exports in February. For two months to the month, exports soared 23.6% and imports gained 5%.
- Mukesh Buch
- 08 Mar, 2013
- New York City
Colgate-Palmolive board approved a 2-for-1 stock split. Hindustan Motors February sales surged 166.5%. Kalpataru Power secured orders worth more than $300 million. NYSE Euronext postponed 4.8% stake sale in MCX.
- Mukesh Buch
- 07 Mar, 2013
- New York City
Ciena first quarter net loss narrowed. Nexstar fourth quarter net surged to $161 million and PetSmart net jumped 6.2% to $134 million. Staples net jumped 72%. Time Warner plans to spinning off its magazine unit Time Inc. Vail Resorts net climbed 30%.
- Nichole Harper
- 07 Mar, 2013
- New York City
U.S. stocks extended gains after the weekly jobless claims declined to the lows in January. January trade deficit widened on higher than expected import of crude oil.
- Barry Randall
- 07 Mar, 2013
- New York City
European markets traded higher across the region and ECB and Bank of England left key lending rate on hold. Swiss National Bank said it spent nearly $200 billion to defend the rate cap at 1.20 to one euro. French jobless rate surge to a 13-year high and German factory orders declined.
- Nigel Thomas
- 07 Mar, 2013
- New York City
Aviva said loss for the year swung to