- Mukesh Buch
- 10 Jan, 2013
- New York City
Emmis Communications third quarter net plunged 92%. PriceSmart first quarter net surged 43%. Ruby Tuesday second quarter net loss widened. Supervalu third quarter net swung to profit. Texas Industries second quarter net loss narrowed.
- Bikram Pandey
- 09 Jan, 2013
- New York City
Stocks in New York extended European market gains on the corporate earnings optimism. Italy led the gains in European markets advance and reported record unemployment for the second month in a row. German industrial production barely budged. Nikkei in Japan rose on stimulus hopes.
- Nichole Harper
- 09 Jan, 2013
- New York City
Stocks on Wall Street gained after Alcoa reported better than expected quarterly results. Market indexes participated in a broad rally that lifted consumer and industrial and tech stocks. Morgan Stanley plans to trim 1,600 staff in its institutional securities business.
- Nigel Thomas
- 09 Jan, 2013
- New York City
ArcelorMittal plans to raise $3.5 billion in stock and convertible bond offering to cut $17 billion debt load. Telecom stocks in the region fell on the speculation that companies may be permitted to share infrastructure. J Sainsbury declined on weak same store sales growth.
- Barry Randall
- 09 Jan, 2013
- New York City
European markets advanced across the region and Germany reported weaker than expected increase in industrial output. Italian unemployment held steady at record in November. ArcelorMittal plan to raise $3.5 billion through stock and convertible bond offering.
- Mukesh Buch
- 09 Jan, 2013
- New York City
Alcoa fourth quarter net swung to $242 million profit. Apollo Group plunged 10% after quarterly net declined 11%. AZZ third quarter net soared 15%. Clearwire received unsolicited offer from Dish Network. Global Payments second quarter net soared 15%.
- Nigel Thomas
- 09 Jan, 2013
- New York City
Two month old rally in Tokyo stocks continued after the yen edged lower and international investors added net positions to Japanese stocks. Education stocks soared on the hopes of a tax exemption for grandchildren schooling gift. Resource sector stocks led the gainers.
- Marcus Jacob
- 09 Jan, 2013
- New York City
Australian stocks closed higher after international investors stepped up buying. New home sales increased for the second month in November and retail sales declined in the month.
- Mukesh Buch
- 09 Jan, 2013
- New York City
Bank of India rallied on the fund raising plan. Bharti Airtel increased 25% price on data plans. IndusInd Bank third quarter net profit jumped 29.8%. Western India Shipyard secured orders valued $3 million.
- Nichole Harper
- 08 Jan, 2013
- New York City
Broader market indexes declined tracking losses in Europe and Asia. AIG plans to join others and suing government for bailout that saved the insurer. Sears comparable same store sale plunged 13% and said that the chief executive is leaving.
- Nigel Thomas
- 08 Jan, 2013
- New York City
Stocks in Tokyo eased for the second day in a row and the yen struggled to rebound. The Nikkei declined 0.9% and the yen closed at 87.51 to a dollar. Prime Minister Shinzo Abe is expected to announce a broad stimulus package and press for higher inflation target with the Bank of Japan.
- Marcus Jacob
- 08 Jan, 2013
- New York City
Australian stocks closed lower as financials and miners led the decliners. Trade deficit surged a record high in November as imports rose faster than exports. Iron ore prices rebounded to a 15-month high.
- Mukesh Buch
- 08 Jan, 2013
- New York City
Acuity Brands first quarter net dropped 13% and acquired Adura Technologies. IHS fourth quarter net climbed 100% and Monsanto net jumped 169%. Sears expects fiscal year loss and Edwad Lampert will assume additional role as the chief executive.
- Mukesh Buch
- 08 Jan, 2013
- New York City
Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.
- Nichole Harper
- 07 Jan, 2013
- New York City
Stocks were on the defensive on Wall Street after broader indexes gained to a five-year high on Friday. Bank of America agreed to settle claims with Fannie Mae for $10 billion and ten banks agreed to pay $8.5 billion to end foreclosure abuse claims.