- Nichole Harper
- 09 Apr, 2013
- New York City
U.S. stocks traded flat as investors awaited the start of the earnings season. Yen decline paused but inched near the 100-mark against one dollar. Troubled retailer fired its celebrity chief executive after sales plummeted for four quarters in a row and rehired former head.
- Nigel Thomas
- 09 Apr, 2013
- New York City
Aurubis chief executive officer expects better outlook in the US and Europe. ADB agrees to pay
- Marcus Jacob
- 09 Apr, 2013
- New York City
Stocks in Japan were flat and real estate and exporters declined after surging for four days in a row. The yields on Japanese bonds of longer maturities rose ahead of bond auction later in the week. The yen inched towards 100 level against a dollar.
- Marcus Jacob
- 09 Apr, 2013
- New York City
Australian stocks rebounded for the second day and the benchmark index increased 1.5% after China reported a slowdown in inflation. A private survey showed that a business conditions index in Australia dropped to a four-year low.
- Mukesh Buch
- 09 Apr, 2013
- New York City
ABB secured an order worth $30 million in Australia. Apollo Tyres plans set up manufacturing unit in Thailand or Indonesia. IL&FS win road project for nearly $300 million. TCS agreed to acquire France based Alti SA, for
- Nichole Harper
- 08 Apr, 2013
- New York City
U.S. markets extended losses on Monday as investors await the start of the earnings season. European markets closed higher and the Nikkei in Tokyo surged for the fourth day as the yen declined to the level last seen in 2009.
- Mukesh Buch
- 08 Apr, 2013
- New York City
AZZ fourth quarter net surged 14%. GE agreed to buy Lufkin Industries Inc. for $3.3 billion. Merz withdraw to acquire Obagi Medical. Oriola-KD agreed to buy Sweden based Medstop Group for $229 million. Ericsson agreed to purchase media-room business from Microsoft.
- Nigel Thomas
- 08 Apr, 2013
- New York City
Lundin discovered crude in the North Sea. Mecom reported advertising revenues in Dutch operations declined 28%. Pirelli delayed its business forecast. Technip secured an engineering contract for
- Hiruki Nakamura
- 08 Apr, 2013
- New York City
Stocks in Tokyo advanced for the fourth day in a row to a 4-year high and the yen dropped near 100 against one dollar. Real estate, banks and exporters led the gainers. Of the 225 stocks in the Nikkei index, 218 closed higher.
- Marcus Jacob
- 08 Apr, 2013
- New York City
Australian stocks rebounded after declining for four days in a row and construction industry index indicated contraction in March, 34th monthly decline in a row. Australian dollar fell.
- Mukesh Buch
- 08 Apr, 2013
- New York City
Aditya Birla Nuvo divested its carbon black business. BHEL secured total orders worth more than $5 billion in fiscal 2013. The telecom regulator fined Idea for $56 million. RCom plan to sell 80% stake in Reliance Globalcom.
- Nichole Harper
- 05 Apr, 2013
- New York City
U.S. indexes declined after employers added less than expected net new jobs in March. Unemployment rate declined to 7.6% and labor participation rate plunged to 34-year low of 63.3%. Trade deficit in February declined 3.4% on the rising exports and flat imports.
- Mukesh Buch
- 05 Apr, 2013
- New York City
Acura Pharma was awarded a patent by the U.S. Patent Office. Franklin Covey second quarter net surged 37% and GenCorp second quarter net swung to loss. NII agreed to sell its Peruvian operations for $400 million. WD-40 net in the second quarter slipped.
- Hiruki Nakamura
- 05 Apr, 2013
- New York City
Stocks in Tokyo extended gains for the third day in a row and the benchmark Nikkei soared 6.9%, the most in two years. Real estate and banks led the gainers. The yen, third worst performing currency in the world, extended losses to 18% in the year so far.
- Nigel Thomas
- 05 Apr, 2013
- New York City
European airlines Air France, IAG, EasyJet declined after fears rising bird flu outbreak in China. Hilco agreed to acquire HMV in