- Mukesh Buch
- 22 Feb, 2013
- New York City
Gujarat Gas fourth quarter net surged 182.4%. Hindustan Motors in talks with European sports utility vehicle makers. Etihad chairman said it needs to revise the deal with Jet Airways. SKF India net declined 20.2%. Voltas joined hands with Benninger AG for marketing and selling.
- Nichole Harper
- 21 Feb, 2013
- New York City
Market indexes in New York declined after Fed comments rattled market nerves. Existing home sales increased 0.4% in January and inventories of unsold homes dropped 25% from a year ago month. Weekly jobless claims rose 20,000. Wal-Mart lifted its dividend.
- Barry Randall
- 21 Feb, 2013
- New York City
Euro zone markets fell sharply after the latest data manufacturing and service sector index showed a shrinking growth rate. Markets in Paris, London and Frankfurt dropped more than 1.7%. Markets in Milan declined 3% ahead of general election this weekend.
- Mukesh Buch
- 21 Feb, 2013
- New York City
Chesapeake fourth quarter net declined 40% and Dana Holding net climbed 27%. Fluor Corp net swung to a loss and Quanta Services net surged 49%. Tesla Motors net loss widened and Wal-Mart net jumped 9% to $5.61 billion.
- Hiruki Nakamura
- 21 Feb, 2013
- New York City
Tokyo markets declined in a regional selloff and energy and metal prices fell. Machinery exporters to China closed lower on the worries that China may tighten lending to curb property speculation. NTT East plans 20% reduction in staff.
- Marcus Jacob
- 21 Feb, 2013
- New York City
Australian market rally came to an abrupt halt as regional markets dropped. The benchmark index dropped 2.3%, largest one day decline in nine months. IAG said its profit more than tripled and increased insurance premium. Origin Energy net tumbled on margin compression.
- Mukesh Buch
- 21 Feb, 2013
- New York City
ABB fourth quarter net plunged 73% and Nestle India net climbed 21%. SAIL board is likely to decide share buy-back plan on February 25. Shriram Transport dropped. Videocon jumped on Mozambique stake sale talk with ONGC.
- Nigel Thomas
- 21 Feb, 2013
- New York City
Allianz SE net doubled to
- Devan Biswas
- 20 Feb, 2013
- New York City
Office Depot agreed to acquire OfficeMax in all stock deal that will create a company with total sales of $18 billion. The office supply industry consolidates after the weak economy drags sales and the competition from online retailers shrink margins.
- Nichole Harper
- 20 Feb, 2013
- New York City
U.S. stocks declined after home construction fell 8.5% in January after surging 15.7% in December. The weakness in the housing data dragged market sentiment. Office Depot agreed to buy OfficeMax for $1.2 billion.
- Barry Randall
- 20 Feb, 2013
- New York City
Markets in Europe traded higher but trading volume was weak. Spain estimated budget deficit in 2012 to decline just below 7%, the lowest in four years. UK jobless claims fell more than expected in January.
- Mukesh Buch
- 20 Feb, 2013
- New York City
Analog Devices first quarter net plunged 31% and DTE Energy net tumbled 46%. DISH Network fourth quarter net declined 33% on lower subscribers. Dell net plunged 31% and Owens Corning net swung to a loss.
- Hiruki Nakamura
- 20 Feb, 2013
- New York City
Stocks in Tokyo gained ahead of the central bank leadership change announcement. Trade deficit in January increased to a record high of $17.4 billion on rising energy imports and weakening yen. Toyota plans to increase domestic auto production from April.
- Nigel Thomas
- 20 Feb, 2013
- New York City
BHP Billiton net plunged 58% and Credit Agricole loss widened to
- Marcus Jacob
- 20 Feb, 2013
- New York City
Australian markets closed higher and the ASX index traded at a new 4-year high. Fortescue net declined 40% on lower iron ore prices. BHP Billiton announced chief executive Marius Kloppers will be replaced by Andrew Mackenzie. Suncorp raised dividend by 25%.