- Nichole Harper
- 14 Aug, 2012
- New York City
The daily-deals site operator Groupon Inc plunged 23% after it issued a cautious earnings outlook. The designer apparel maker Michael Kors soared 14% after it reported a sharp upswing in earnings. Home Depot gained after the retailer reported better than expected earnings. TJX was flat.
- Arthi Gupta
- 14 Aug, 2012
- New York City
U.S. indexes edged higher after retail sales rose unexpectedly and PPI climbed in July. Scotiabank agreed to acquire a 51% stake in Colombia-based Colfondos AFP. Teleflex agreed to acquire assets of LMA Intnl for $276 million.
- Arthi Gupta
- 14 Aug, 2012
- New York City
Sky Deutschland second quarter revenues increased driven by the 14% increase in subscribers and an ARPU growth. RWE earnings remained flat, Nordex sales grew and Salzgitter swung to loss in the first-half. TUI third quarter operating earnings climbed 6%.
- Arthi Gupta
- 14 Aug, 2012
- New York City
The European indexes gained after the German economy expanded more than estimated in the second quarter and the activities in the euro zone declined 0.2%. The UK home prices declined in July. RWE planned to cut 2,400 positions globally.
- Bikram Pandey
- 13 Aug, 2012
- New York City
U.S. indexes declined on weak volume after Japan reported a slowdown. BP Plc decided to exit California refining business and sold its refinery to Tesoro and sold natural gas assets to raise for $2.75 billion. Google attempted to restart its local content effort with the purchase of Frommer''s.
- Marcus Jacob
- 13 Aug, 2012
- New York City
Australian stocks closed higher after a string of earnings reports. But worries linked to China trimmed the market advance. BlueScope agreed to form a joint venture with Nippon Steel for its coated products unit. Newcrest Mining said annual profit increased 23%. JB Hi-Fi guided higher sales.
- Nigel Thomas
- 13 Aug, 2012
- New York City
Japan reported a sharp decline in economic growth in the second quarter as consumer spending growth eased. Stocks were nearly flat on the hopes of additional stimulus measures. Taiheiyo Cement Co dropped 5% after quarterly profit was lower than expected.
- Arthi Gupta
- 13 Aug, 2012
- New York City
Google plans to slash 20% workforce and shutter one third of offices at Motorola Mobility. BP agreed to sell Texas midstream gas assets for $227.5 million. Bank of America to sell its international wealth management businesses to Julius Baer.
- Arthi Gupta
- 13 Aug, 2012
- New York City
E.ON first-half sales grew 23% and net income soared. SolarWorld plunged 11% after it swung to second quarter loss. QSC slumped on weak quarterly earnings and revenue.
- Arthi Gupta
- 13 Aug, 2012
- New York City
The European indexes pared losses. Italy raised
- Bikram Pandey
- 10 Aug, 2012
- New York City
World markets turned gloomy after China reported weak international trade data following a series of slowing economic indicators released on Thursday. European indexes declined and stocks on Wall Street rebounded after weak opening and closed higher for the fifth week.
- Sarla Buch
- 10 Aug, 2012
- New York City
Brookfield Asset Management second quarter net tumbled 73.5% and Fusion-io net swung to loss but increased annual revenue guidance. Harbinger third quarter net swung to $149 million loss. Janus soars on Dai-Ichi deal for $2 billion. Ubiquiti fourth quarter net swung to profit.
- Mukesh Buch
- 10 Aug, 2012
- New York City
Belden second quarter net climbed 22.2% to $42.4 million. Nordstrom second quarter net declined 10.9% to $156 million. Nvidia second quarter net plunged 12% to $119 million. J. C. Penney second quarter net swung to $147 million loss. MBIA second quarter net jumped more than three-fold.
- Arthi Gupta
- 10 Aug, 2012
- New York City
Stocks on Wall Street struggled after Chinese exports grew 1% in July and bank lending was significantly lower than expected in the month. J. C. Penney swung to quarterly loss and Yahoo stock fell after the company may not return proceeds of its stake in Alibaba.com to shareholders.
- Arthi Gupta
- 10 Aug, 2012
- New York City
Barclays appointed David Walker as the new chairman. Rheinmetall AG, the defense contractor and auto parts maker said first half sales 9%. ThyssenKrupp AG soared 5% after third quarter revenues fell 7% and net income gained 16%.