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Weekly Drop of 2% in S&P 500; JPMorgan, Wells Fargo Earnings Diverge

Nichole Harper
11 Apr, 2014
New York City

Stocks on Wall Street struggled and the S&P 500 index extended the decline to 2.2% in the week. The index had rallied more than 8% in the month to April 2. JPMorgan net declined on weak fixed-income trading. Wells Fargo net topped estimates. Coldwater Creek plans liquidation.

JPMorgan Net Drops, Wells Fargo Profit Jumps

Mukesh Buch
11 Apr, 2014
New York City

Fastenal net rose 3% but sales climbed 9%. JPMorgan net plunged 19%. Pier 1 profit tumbled 31% after sales declined 6.5%. Shaw Communications net soared 22%. Wells Fargo net climbed 14% and revenue declined 8%.

Gloom in Tokyo Trading Deepens; Toyota, SoftBank, Fast Retailing Drop

Hiruki Nakamura
11 Apr, 2014
New York City

Market indexes in Tokyo extended losses in the week and two widely followed indexes plunged around 7%. Toyota declined for the seventh day in a row. Fast Retailing extended plunge to 13% in the week on profit warning. SoftBank Corp, Komatsu Ltd and Aisin Seiki Corp led decliners.

Europe Earnings: Bauer, Givaudan, Kaufman, Restaurant Group, Volkswagen

Nigel Thomas
11 Apr, 2014
New York City

Bauer net in the year swung to a loss

Australian Indexes Drop 0.9%, New Lending Contracts Ease 0.7%

Marcus Jacob
11 Apr, 2014
New York City

Australian indexes dropped 0.9% but closed up 0.1% in the week on improving economic news and rising commodities prices. Total new lending contracts in February declined 0.7%. Home loans commitment increased 1.9%. Australian dollar advanced.

India Movers: NMDC, Maruti, Ratnamani Metals, Shilpa, Tata Motors

Mukesh Buch
11 Apr, 2014
New York City

NMDC gained after production and dispatches update for the year. Ratnamani Metals secured two orders valued Rs 412 crore. Tata Motors launched a modified version of the crossover vehicle Aria.

Bed Bath & Beyond, Chevron and Family Dollar Drop

Mukesh Buch
10 Apr, 2014
New York City

Bed Bath & Beyond net declined 11% and sales dropped 6%. Costco net sales climbed and comparable sales jumped 5%. Family Dollar net plunged 35% after sales dropped 7%. L Brands comparable sales in March fell 1%. iGATE profit dropped 9%. Rite Aid net tumbled 54%.

Europe Earnings: Carrefour, LVMH, Marks and Spencer, Rolls-Royce, Tryg

Nigel Thomas
10 Apr, 2014
New York City

Carrefour said revenue in the first-quarter dropped 4% to

Tech Selloff Deepens on Wall Street, Greece Returns to Bond Market

Nichole Harper
10 Apr, 2014
New York City

Stocks on Wall Street turned lower led by the weakness in tech stocks for the fifth day. Initial claims of jobless benefits declined to the lowest level in seven years. Greece returned to bond market after four years of exile. China

Stocks in Tokyo Extend Weakness to Fifth Day, Fast Retailing Trims Outlook

Hiruki Nakamura
10 Apr, 2014
New York City

Market indexes in Tokyo trading remained weak and the yen gained against the U.S. dollar. Toyota declined 2.4% after issuing a global recall of 6 million vehicles. Fast Retailing lowered its annual earnings outlook on higher costs and weaker domestic demand.

Australian Jobless Rate Drops to 5.8%, Ten Network Loss Narrowed

Marcus Jacob
10 Apr, 2014
New York City

Australian stocks trimmed early gains after employers added more than expected 18,000 jobs in March. Unemployment rate fell to 5.8%. Also, market sentiment weakened after China reported 6.6% decline in exports and 11.3% in imports.

India Movers: D.B. Corp, Man Ind, Piramal, Sesa Sterlite, Suven Life, SBI

Mukesh Buch
10 Apr, 2014
New York City

Man Industries built up order book of around Rs 1,200 crore. Piramal divest its entire stake in Vodafone India for Rs.8,900 crore. Sesa Sterlite gained after production update.]

Mars Acquires Pet Food Brands from P&G for $2.9 Billion

Nichole Harper
09 Apr, 2014
New York City

Stocks on Wall Street advanced for the second day in a row and market indexes in Europe gained. India attracted $10.3 billion fund flows in the year so far. Market indexes in Tokyo plunged more than 2%. Mars agreed to acquire three pet-care brands from Procter & Gamble for $2.9 billion in cash.

Tokyo Sell-off Extends to Day Four, Seibu Trims IPO Size 73%

Hiruki Nakamura
09 Apr, 2014
New York City

Stocks in Tokyo declined for the fourth day in a row and the trading in yen was in focus after the Bank of Japan did not announce new measures to support the economic expansion. Seibu Holdings trimmed its initial public offering size by 73%.

Alcoa, MSC, Tech Data Climb; Constellation Brands, WD-40 Decline

Mukesh Buch
09 Apr, 2014
New York City

Alcoa net swung to a loss on 7% decline in sales. Constellation Brands net and revenue surged. Mars agrees to acquire three brands for $2.9 Billion from Procter & Gamble. MSC Ind net declined 12%. Progressive profit jumped 4%. Tech Data net surged.

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