- Nichole Harper
- 11 Feb, 2013
- New York City
Stocks and indexes on Wall Street traded lower after the broad S&P 500 index registered sixth weekly gain last week. President Obama is scheduled to release his legislative priorities on Tuesday. AMR and U.S. Air are likely to finalize their merger plans as early as next week.
- Barry Randall
- 11 Feb, 2013
- New York City
Royal Ahold agreed to sell 60% stake in the Swedish retailer ICA for $3.1 billion as the Dutch retailer shifts focus to domestic operations. Novo Nordisk plunged 12% after the U.S. drug regulator demanded more tests that could delay the insulin drug launch for years. Sanofi gained 4%.
- Mukesh Buch
- 11 Feb, 2013
- New York City
Boardwalk Pipeline fourth quarter net soared 26% and CNA Financial swung to a quarterly loss. Loews fourth quarter resulted in a net loss. Onex sells 50% stake in RSI Home Products for $323 million. Radian Group net loss widened.
- Nigel Thomas
- 11 Feb, 2013
- New York City
European markets traded higher as finance ministers gather to discuss the euro and the aide to Cyprus. G20 finance ministers are scheduled to meet in Moscow this weekend. Bond yields in Spain and Italy rose as political tensions mounted.
- Marcus Jacob
- 11 Feb, 2013
- New York City
Australian indexes closed higher as most markets across Asia were closed to celebrate Lunar New Year. Home loans in December declined 1.5% from November, third monthly fall in a row. The Australian dollar eased to below $1.03.
- Mukesh Buch
- 11 Feb, 2013
- New York City
Emami net jumped 22% and GMR Infrastructure loss widened. Gujarat Petronet slipped 5.7% and GIPCL net surged more than three-fold. Jaypee Infratech net plunged 60%. RCom signed network contract with Ericsson for $1 billion. Sun Pharm withdraws the merger agreement.
- Bikram Pandey
- 08 Feb, 2013
- New York City
Stocks in New York traded higher and the S&P 500 index inched to a new high in the year after a string of earnings report and improving economic data from China and European lawmakers agreed to trim seven year budget. Oil gained.
- Nichole Harper
- 08 Feb, 2013
- New York City
U.S. stocks traded higher after trade deficit narrowed in December. Markets in Asia and Europe were higher after China reported a surge in exports to the U.S. and Europe and domestic demand improved. Oil rose to a high for the year.
- Mukesh Buch
- 08 Feb, 2013
- New York City
AOL fourth quarter net surged 57% and Buckeye net plunged 42%. CBOE fourth quarter net climbed 25% and Entergy net soared 92%. LinkedIn net vaulted 67% and the site crossed 200 million members. Moody
- Arjun Dave
- 08 Feb, 2013
- New York City
China reported a surge in exports and imports as demand in domestic and international markets rebounded. Adjusting for holiday calendar, exports rose more than 12% and imports gained more than 3%. Exports to the U.S. increased at the fastest pace in 10 months and to the EU in a year.
- Barry Randall
- 08 Feb, 2013
- New York City
Online gambling stocks in London traded higher after New Jersey Governor said he would online wagering on games operated by Atlantic City casinos. Software AG increased on a stock buyback plan. Telecom Italia reported 11.7 billion euros in operating earnings.
- Barry Randall
- 08 Feb, 2013
- New York City
European markets edged up after European Union leaders agreed to trim the budget spending in the next seven-year plan. Oil gained after China reported a surge in exports in January indicating recovering demand in domestic and world markets.
- Hiruki Nakamura
- 08 Feb, 2013
- New York City
Stocks in Tokyo halted a 12-week rally and closed down on Friday. Nikkei declined 0.3% in the week after the yen pause its recent slide. Sony plunged 10% after investors take profit after the stock ran up 42% in January.
- Marcus Jacob
- 08 Feb, 2013
- New York City
Australian stocks closed at a 22-month high after investors reacted to positive international trade data from China. Reserve Bank of Australia lowered its economic growth rate for 2013 and estimated inflation to be within its target range.
- Mukesh Buch
- 08 Feb, 2013
- New York City
ACC third quarter net declined 18.6% and Balaji Telefilms net soared more than three-fold. Cadila Health net plunged 31% and M&M net jumped 30%. MRF net surged 60% and McNally won order of Rs 171.84 crore. Sun Pharm net tumbled 80%.