- Nichole Harper
- 22 Feb, 2013
- New York City
U.S. stocks traded higher after Hewlett Packard and AIG results surpassed expectations. In addition, German business confidence index rose in February lifting the outlook for world exports. European Commission lowered its economic assessment of the region.
- Hiruki Nakamura
- 22 Feb, 2013
- New York City
Stocks in Tokyo traded rebounded after a day of sell-off and morning weakness. The yen eased but the makers of automobiles and electronics fell and financials led the decliners. Prime Minister Shinzo Abe is scheduled to hold a summit with the U.S. President Barack Obama.
- Marcus Jacob
- 22 Feb, 2013
- New York City
Financial markets in Sydney traded higher after slightly positive comments from RBA Governor Glenn Stevens. Billabong reported a large loss and was forced to revise its debt terms with banks. Casino operator Crown reported 40% decline in first half profit.
- Mukesh Buch
- 22 Feb, 2013
- New York City
AIG fourth quarter net swung to a loss and Abercrombie & Fitch climbed more than two-fold. Hewlett-Packard first quarter net plunged 16% and said no plans to break up. Heinz third quarter net jumped 5% and Washington Post posted quarterly net swung to a loss.
- Nigel Thomas
- 22 Feb, 2013
- New York City
Elan Corp plans to buy back $1 billion of stock. Millennium & Copthorne Hotels profit for the year plunged 11% and slipped 2% for the fourth quarter. SES SA profit climbed 5% to
- 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.