- Bikram Pandey
- 21 Aug, 2012
- New York City
The U.S. indexes hovered near multi-year highs. IBM, Wal-Mart, Verizon, Disney and Oracle are few large companies trading near their 5-year highs. Gold, copper and oil gained. European markets trade higher on the ECB optimism.
- Nigel Thomas
- 21 Aug, 2012
- New York City
Stocks in Tokyo edged lower in weak trading as investors remained focused on defensive stocks linked to domestic economy. In thin trading, the Nikkei declined and investors awaited concrete announcements from the central banks in Europe.
- Marcus Jacob
- 21 Aug, 2012
- New York City
Australian stocks traded higher after the latest batch of earnings confirmed the current boom in mining industry capital spending. Monadelphous reported annual net increased 44% and steelmaker Arrium said net dropped 75%. Amcor, the packaging company said full-year net rose 18%.
- Mukesh Buch
- 21 Aug, 2012
- New York City
Best Buy appointed the new chief and reduced fiscal earnings outlook. The shoe retailer DSW soared after it reiterated guidance. Medtronic first quarter worldwide revenue increased. Tech Data declined as second quarter sales drop in the US and Europe.
- Arthi Gupta
- 21 Aug, 2012
- New York City
U.S. indexes traded higher following gains in the European and Asian markets. Apple extended gains on the speculation of new products release and Best Buy plunged on weak results. Church & Dwight agreed to acquire Avid Health for $650 million.
- Arthi Gupta
- 21 Aug, 2012
- New York City
Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.
- Bikram Pandey
- 20 Aug, 2012
- New York City
U.S. stocks traded sideways after investors turned cautious on stretched valuations. European leaders kicked off another round of talks to renegotiate Greek bailout terms and the distribution process for Spain. Retail gasoline prices gained as summer demand stayed near peak.
- Nigel Thomas
- 20 Aug, 2012
- New York City
Stocks in Japan traded mixed and domestic economy linked companies were favoured in thin trading. Home prices in China gained, dashing any hopes of additional government stimulus. The discount retailer Don Quijote surged 5% on higher estimated earnings.
- Marcus Jacob
- 20 Aug, 2012
- New York City
Australian stocks closed lower and investors focused on defensive stocks ahead of meetings of European leaders later in the week. Telstra and CBA traded ex-dividend. Bendigo and Adelaide Bank said annual net dropped 43%.
- Mukesh Buch
- 20 Aug, 2012
- New York City
Aetna agreed to buy Coventry Health for $5.7 billion and FMC Technologies agreed to acquire Pure Energy for C$282 million. Kinder Morgan said it sold natural gas pipe networks and facilities for $3.3 billion. Lowe''s declined on weak outlook.
- Arthi Gupta
- 20 Aug, 2012
- New York City
On merger Monday, Aetna agreed to acquire Coventry Health Care for $7.3 billion, including debt. FMC agreed to buy Pure Energy Services for $285 million. Kinder Morgan Energy Partners agreed to sell its Rockies assets for $3.3 billion.
- Arthi Gupta
- 20 Aug, 2012
- New York City
The European indexes rose and the ECB may set yield limits for sovereign bonds. Construction output in the euro zone fell in June. UK home prices slumped in August. Heineken raised its offer to acquire Fraser & Neave''s stake in Asia Pacific Breweries.
- Bikram Pandey
- 17 Aug, 2012
- New York City
U.S. indexes extended gains for the sixth week in a row on improving consumer confidence and economic conditions. S&P 500 index is up 12.8% in the year and the Nasdaq Composite is up 17%. Facebook, Groupon and Zynga dropped to new lows after more stocks are available for trading.
- Nigel Thomas
- 17 Aug, 2012
- New York City
The Nikkei index gained more than 3% for the second week in a row after investors covered short positions and the yen weakened. Japan Tobacco was volatile for the third day in a row after China proposed tobacco advertising ban and higher taxes.