- Nichole Harper
- 13 Mar, 2015
- New York City
Stocks in New York traded sharply lower and crude oil extended losses after whole price index declined for the fourth month in a row. The sharp increase in dollar in the last two weeks is likely to dampen earnings of the U.S.-based export focused companies.
- Mukesh Buch
- 13 Mar, 2015
- New York City
Aeropostale net loss narrowed after sales plunged 11%. Buckle profit rose 1%. Hibbett Sports net surged 18% on revenue increase of 10%. Ulta Salon net soared 24% and net sales climbed 21%. Vail Resorts net surged 95%. Zumiez profit tumbled 35% but sales climbed 14%.
- Nigel Thomas
- 13 Mar, 2015
- New York City
Russia
- Nigel Thomas
- 13 Mar, 2015
- New York City
Bechtle, Germany based IT company said profit climbed 20% on 14% increase in revenues. BP agreed to divest its Australian bitumen business to Puma Energy. Dart surged after positive fiscal outlook. J D Wetherspoon net jumped 7%. Oxford BioMedica net loss narrowed.
- Hiruki Nakamura
- 13 Mar, 2015
- New York City
Stocks in Tokyo closed higher and the Nikkei jumped to a high not seen since 2000. Industrial production in January increased 3.7%. Fanuc soared 13% after the industrial robot maker took steps to increase communication with shareholders.
- Mukesh Buch
- 13 Mar, 2015
- New York City
Sensex in India declined after consumer price index in February accelerated on the rising food prices. Snapdeal plans to buy online mobile recharge platform Freecharge for ₹2,800 crore. Tata Motors said Jaguar Land Rover
- Marcus Jacob
- 13 Mar, 2015
- New York City
Australian market indexes closed down and the Aussie dollar lacked direction in moderate trading. For the week, the ASX 200 index declined 1.5%. Internet service provider, iiNet Limited agreed to be acquired by TPG Telecom at $1.4 billion valuation.
- Nichole Harper
- 12 Mar, 2015
- New York City
Stocks on Wall Street rebounded and initial claims of weekly jobless claims declined below 300,000. Retail sales declined for the third month in a row on bad weather and cautious consumer spending. The dollar declined after the sustained rise against the euro.
- Hiruki Nakamura
- 12 Mar, 2015
- New York City
Nikkei in Japan jumped the most in a month and the index surged to a 15-year high. Toyota Motor surged more than 1% on the expectations that the company may agree to larger than usual wage increase for workers.
- Marcus Jacob
- 12 Mar, 2015
- New York City
In active trading, market indexes in Australia jumped on a slight rebound in resource stocks. Jobless rate in February declined to 6.3% from 6.4% in January. Whitehaven Coal completed $1.4 billion debt refinancing and extended repayment to 2019.
- Mukesh Buch
- 12 Mar, 2015
- New York City
Sensex in India halted 3-day slide after the IMF lifted economic growth outlook in India. ICICI Bank plans to sell its stake in a life insurance joint venture with the U.K based Prudential. IVRCL acquired orders worth ₹226.18 crore.
- Nichole Harper
- 11 Mar, 2015
- New York City
Stocks on Wall Street lacked direction and investors remained on the sidelines after the S&P 500 index wiped out gains in the year so far. The euro accelerated its decline and extended nine-month loss to 35% as traders brace for more fall in the next three months.
- Mukesh Buch
- 11 Mar, 2015
- New York City
Brown Shoe plunged on weak fiscal outlook. Express net dropped 13% and comparable store sales fell 2%. Ferrellgas Partners profit soared 30% but revenues plummeted 23%. Vera Bradley net swung to profit. Verisk Analytics agreed to acquire U.K.-based Wood Mackenzie for $2.8 billion.