- Nichole Harper
- 28 Mar, 2013
- New York City
The S&P 500 index traded above its all-time closing high and the government revised the estimate of fourth quarter economic growth to 0.4% annual rate. Jobless claims in the last week rose. Banks in Cyprus opened with stringent capital controls in place.
- Mukesh Buch
- 28 Mar, 2013
- New York City
Accenture second quarter net surged 67% and GameStop fourth quarter net surged 50%. Five Below net jumped 55% and Paychex third quarter net rose 7% to $144.5 million. Steelcase net swung to loss and Mosaic net soared 26% to $344.6 million.
- Hiruki Nakamura
- 28 Mar, 2013
- New York City
Market indexes in Tokyo closed lower in sympathy with the decline in Asian markets after a sharp fall in Shanghai index. Domestically, investors looked ahead at the first central bank meeting next week under a new leadership. GS Yuasa Corp plunged 11% after more battery problems.
- Nigel Thomas
- 28 Mar, 2013
- New York City
D.E Master Blenders said Benckiser offered
- Marcus Jacob
- 28 Mar, 2013
- New York City
Australian resource stocks led the market decline after a sharp fall in Shanghai trading. Market index in Shanghai dropped 2.4% after the largest bank by asset reported a decline in profit growth. Nufarm plunged on weak results. Leighton sold stake in telecom companies worth $620 million.
- Mukesh Buch
- 28 Mar, 2013
- New York City
GMR divests its two coal mining assets in South Africa. HCL Tech won five years contract of $100 million from Ford Motor Company. IL&FS received a road project contract worth $280 million. Novartis AG will reduce its stake in Novartis India.
- Nichole Harper
- 27 Mar, 2013
- New York City
Market indexes on Wall Street opened lower and slowly recovered near flat line. Italian politicians struggled to form a new governing coalition and European sentiment index showed a weakness. Bank of England said U.K. banks need to raise $38 billion.
- Mukesh Buch
- 27 Mar, 2013
- New York City
Landec third quarter net edged up and Lindsay second quarter net surged 52%. Mattress Firm fourth quarter net plunged 56% and PFSweb net declined 14.2%. Saic net income swung to $182 million profit.
- Nigel Thomas
- 27 Mar, 2013
- New York City
Belgian government plans to sell stakes in Belgacom and BNP Paribas to reduced budget deficit. Mediaset said loss for 2012 swung to
- Hiruki Nakamura
- 27 Mar, 2013
- New York City
Market indexes in Tokyo pared gains as stocks in the indexes traded ex-dividend. Real estate linked companies led the gainers on the hopes that the central bank will act soon to revive inflation. Aeon plans to raise its stake in retailed Daiei to 40% at lower than expected offer price.
- Hiruki Nakamura
- 27 Mar, 2013
- New York City
Australian markets rebounded and financials and resource stocks gained on the back of world markets advance. Qantas won final regulatory approval for its alliance with Dubai based Emirates. QBE said it is in track to meet its financial targets as the restructuring continues.
- Nichole Harper
- 26 Mar, 2013
- New York City
Stocks on Wall Street opened sharply higher after mixed reports on housing markets and better than expected increase in durable goods orders. Investors bid up stocks after a string of positive economic data in the U.S. and overlooked the ongoing Cyprus saga.
- Mukesh Buch
- 26 Mar, 2013
- New York City
AuRico Gold fourth quarter net swung to $134.4 million loss. Focus Media net surged more than doubled. Gordmans net plunged 23% and Neogen third quarter net climbed 27%. Turquoise Hill quarterly net loss widened.
- Hiruki Nakamura
- 26 Mar, 2013
- New York City
Stocks in Tokyo traded lower bucking the market advance in Shanghai and in Mumbai. Bank of Japan Governor Kuroda said he is prepared to add more government bonds with longer maturities and scrap self-imposed rule to limit asset purchase.
- Marcus Jacob
- 26 Mar, 2013
- New York City
Australian market indexes declined and iron ore and other commodities prices edged lower but the dollar advanced. Transfield won a contract linked to the national broadband network project. Kathmandu six-month net soared.