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Tech Stocks Lead U.S. Index Decline from Peaks

Nichole Harper
04 Apr, 2014
New York City

Market indexes eased from record level and the U.S. employers added 192,000 jobs in March. All the payrolls increase were driven by the gains in private sector and total employment in the sector reached to a new high above 116 million. GrubHub Inc IPO soared.

AZZ, Synergy Resources Jump; CarMax, Global Payments Drop

Mukesh Buch
04 Apr, 2014
New York City

AZZ net soared 13% and revenue climbed 29%. CarMax net declined 7% but sales jumped 9% and the used car dealer announced $1 billion share repurchase. Global Payments profit fell 6% but revenue increased 7%. Micron Technology net swung to profit. Synergy Resources net surged 93%.

March U.S. Payroll Increase Lifts Private Payrolls to Record 116 Million

Mukesh Buch
04 Apr, 2014
New York City

The March month jobs data suggested a rebound in employment from the depths of the winter months, but the increase fell short of estimates. Almost all the gains in employment was driven by private payrolls.

Europe Earnings: Bouygues, easyJet, Flybe, Mediaset, Remy Cointreau

Nigel Thomas
04 Apr, 2014
New York City

Bouygues raised its cash component offer for SFR by

Longest Rally in Japan Stocks in 3-years Halts, Seven & I in Focus

Hiruki Nakamura
04 Apr, 2014
New York City

Stocks is Tokyo halted a two-week long rally ahead of Bank of Japan meeting on Monday. Seven & I estimated lower than expected earnings in the current fiscal year. Stocks of real estate developers extended rally to the eighth day on positive outlook.

BHP in Australian Wins Tax-free Status for $20 B Spinoff, Fonterra Fined

Marcus Jacob
04 Apr, 2014
New York City

Australian markets rebounded from a 2-day losses and the Aussie dollar gained. BHP Billiton won a tax-free status for its proposed $20 billion non-core assets spinoff. Fonterra was fined by New Zealand court for its August 2013 product warning.

India Movers: Adani Power, BS, Crompton, Sobha, SRF, Steel Strips

Mukesh Buch
04 Apr, 2014
New York City

Adani Power increased its power generation capacity to become the largest private power generator. BS Ltd won orders of Rs722 crore from electric utilities. Crompton secured news export order worth $29 million. Sobha Developers sales in fourth-quarter surged 20%.

Google Splits Stock, Greenbrier Net Rises

Mukesh Buch
03 Apr, 2014
New York City

Google trades ex-split. Greenbrier net soared 13%. Meltwater bids for Sweden-based rival Cision for $138 million in cash. RPM Int net swung to profit. Schnitzer Steel profit tumbled 79%. Texas Ind loss widened.

Europe Earnings: Dunelm, McBride, Quindell, Tullow Oil, Vivendi

Nigel Thomas
03 Apr, 2014
New York City

Dunelm revenue climbed 10% to

U.S. Stocks Gyrate, ECB Holds Rates

Nichole Harper
03 Apr, 2014
New York City

U.S. stocks gyrated after opening higher. Weekly jobless claims increased 16,000 to 326,000 and the increase was consistent with the pre-recession level. Trade deficit in February widened on higher price of imported crude oil and a decline in exports. ECB unrevised its benchmark rate.

U.S. Trade Deficit Rises 7.7%, Weekly Jobless Claims Rise 16,000

Devan Biswas
03 Apr, 2014
New York City

U.S. trade deficit increased 7.7% after exports declined more than 1%. A rise in crude oil prices in February contributed the rise in trade deficit.

Fall in Yen Extends Broader Rally in Japanese Stocks to Second Week

Hiruki Nakamura
03 Apr, 2014
New York City

Investors in Tokyo extended broader rally in stocks to the second week. Electronics makers and auto exporters led the gainers after the yen declined 0.2%, the second weekly decline in a row. Softbank increase investment in a messaging venture with India based Bharti Enterprises.

Australian Trade Surplus Jumps 33%, Retail Sales Rise 0.2%

Marcus Jacob
03 Apr, 2014
New York City

Australian retail sales rose for the sixth month in a row and trade surplus was ahead of estimates. February retail sales gained 0.2% after rising 1.2% in January. Trade surplus in February jumped 33% to $1.23 billion. Fonterra and Woolworths sign a 10-year deal.

India Movers: Ashok Leyland, Hindustan Motors, TRIL, Venus Remedies, Unitech

Mukesh Buch
03 Apr, 2014
New York City

Ashok Leyland won a contract worth $50 million from Zimbabwe. Hindustan Motors total sales in March tumbled 74%. Transformers & Rectifiers production in fiscal 2014 climbed. Venus Remedies received approval for infection treatment antibiotic in Venezuela.

S&P in Record Zone, Private Sector Adds Jobs at Fastest Pace in March

Nichole Harper
02 Apr, 2014
New York City

U.S. stocks struggled but traded higher ahead of jobs report on Friday. ADP survey showed private employers added 191,000 jobs in March, the largest in the year so far. Amazon is ready to sell set-top box to stream its video library and branch into entertainment business.

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