- Mukesh Buch
- 08 Feb, 2011
- New York City
Adani Power net profit surged 50% Bharati Shipyard tumbled after net profit declined 30%. Fortis Healthcare surged after net profit rose 59%. Mundra Port fell and net profit rose 40%. Punj Lloyd tumbled 10.8% after reports of third quarter net loss.
- Nigel Thomas
- 08 Feb, 2011
- New York City
Stocks in Japan rose and the Nikkei index closed at a 9-month high on better than expected earnings. Toyota lifted its earnings outlook for the year and Japan Tobacco also made positive comments. Toyota said sales in China and emerging market are ahead of expectations. KDDI closed up 5.8%.
- Marcus Jacob
- 08 Feb, 2011
- New York City
Australian stocks gained after the merger fever in the U.S. and record copper prices. Higher earnings from National Australia Bank lifted bank stocks. Macquarie Group declined after it estimated lower earnings. Cochlear first half net increased 16%.
- Bikram Pandey
- 07 Feb, 2011
- New York City
U.S. stocks traded higher as more evidence emerge widening global recovery. India predicted faster economic growth and Indonesia reported higher growth. Merger activities of $20 billion in the U.S. boosted stocks and commodities traded higher.
- Mukesh Buch
- 07 Feb, 2011
- New York City
AOL acquire The Huffington Post for $315 million. Cognizant quarterly revenue surged 45% and net income surged 30% to $206.2 million. Humana revenue rose 9% and net income declined 57% to $107.32 million.
- Marcus Jacob
- 07 Feb, 2011
- New York City
The UK benchmark index increased 0.9% tracking the gains in commodities and world market sentiment. Cairn Energy Plc said it is likely to complete the sale of its India unit as early as end of March. Randgold Resources net surges.
- Nigel Thomas
- 07 Feb, 2011
- New York City
European markets closed higher as commodities perk up and merger deals of more than $20 billion in the U.S. bolstered trading sentiment. Adidas AG gained after its chief made positive comments and predicted one billion euros sales in China this year. SolarWorld AG rose after earnings rose 26%.
- Bikram Pandey
- 07 Feb, 2011
- New York City
U.S. stocks inched higher as merger deals of more than $13 billion were announced. Danaher agreed to acquire Beckman Coulter for $6.8 billion and Chesapeake Energy said it will sell its Fayetteville shale asset for $5 billion. AOL agreed to pay $315 million for the blogger The Huffington Post.
- Bikram Pandey
- 07 Feb, 2011
- New York City
AOL in a largest deal since its separation from Time Warner in 2009 agreed to pay $315 million for the Huffington Post. Co-founder Arianna Huffington will retain editorial control and MapQuest and MovieFone and AOL
- Devan Biswas
- 07 Feb, 2011
- New York City
Stocks in Mumbai closed higher after the government confirmed the current fiscal year economic growth of 8.6%. The higher growth also comes with a sharp rise in current account deficit and a surge in inflation to above 8%. Cipla third quarter net declined 20%. Suzlon swung to quarterly loss.
- Mukesh Buch
- 07 Feb, 2011
- New York City
Aurobindo Pharma declined 1.2% and net profit rose 9.8%. Borosil increased 1.3% after third quarter net profit surged three-fold. Cipla plunged 3% after quarterly profit declined 20%. Eicher Motors rose 1% after net profit more than doubled. Suzlon Energy gained 3.5 on lower than expected loss.
- Nigel Thomas
- 07 Feb, 2011
- New York City
Stocks in Japan closed higher after the U.S. unemployment rate declined. Exporters led the gainers. Sega Sammy added 3% after nine-month income more than doubled and Credit Saison 9% after it lifted full year earnings estimate.
- Marcus Jacob
- 07 Feb, 2011
- New York City
Australian stocks closed higher despite the weakness in retailers. Australian retail sales rose 0.2% in December and Myer estimated full year profit to declined 5%. JB Hi-Fi rose on the expectation of better second half earnings. Miners and energy companies declined tracking international prices.
- Bikram Pandey
- 04 Feb, 2011
- New York City
U.S. stocks struggled after the jobs report showed weaker than expected increase in private sector and earnings rose at select companies. Middle East tensions also weighed on commodities. Markets in Japan and Australia rebounded and in Europe lost early momentum.
- Nigel Thomas
- 04 Feb, 2011
- New York City
UK stocks closed higher and two separate reports indicated diverging views on the real estate market. Halifax survey indicated prices rose 0.8% in January and Knight Frank estimated decline in residential land prices in the year. Supergroup, Rolls Royce, French Connection and easyJet closed higher.