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Dex Media, Williams-Sonoma Rise; Dollar General Falls

Mukesh Buch
13 Mar, 2014
New York City

Dollar General net rose 2% and sales climbed 7%. Dex Media net loss widened and repaid $541 million of bank debt in the quarter. Genesco profit climbed 9%. Stein Mart net plunged 45% and comparable sales jumped 3.1%. Williams-Sonoma net soared 9%.

Europe Earnings: Bouygues, BMW, Deutsche Lufthansa, Wm Morrison

Nigel Thomas
13 Mar, 2014
New York City

Bouygues raised its bid for Vivendi''s telecom unit SFR to

India Movers: Infosys, Jubilant Life Sciences, L&T, Sun Pharma, Tata

Mukesh Buch
13 Mar, 2014
New York City

Infosys tumbled after the software solutions provider lowered its fiscal outlook. Jubilant Life Sciences surged after the supplements maker lifted prices of vitamin B3 by 18%. L&T secured an order worth Rs 3,655 crore in Qatar.

Weak China Data Dragged Nikkei and Asian Markets

Hiruki Nakamura
13 Mar, 2014
New York City

Stocks in Asia and Japan closed lower after China reported weaker than expected increase in factory production, retail sales and fixed assets investments in two-month period to February. Ocean freight companies declined after Baltic Dry Index plunged 8%.

Surprise Jobs Report in Australia Lifted Indexes, Woolworths in Focus

Marcus Jacob
13 Mar, 2014
New York City

Australian stocks gained after the domestic economy created more than expected jobs last month. The economy created net 47,300 jobs and jobless rate held at 6%. The labor participation rate increased to the high in a year to 64.8%.

VeriFone Rises; Express, Men's Wearhouse, Raven Decline

Mukesh Buch
12 Mar, 2014
New York City

Amedisys net loss narrowed despite revenue declined 14%. Dresser-Rand net tumbled 59%. Express profit plummeted 26%. Men''s Wearhouse net loss widened and agreed to acquire Jos. A. Bank for $65 a share in cash. VeriFone net swung to a loss but lifted outlook.

Europe Earnings: Adecco, Chobani, E.ON, Ferrexpo, Maersk, Valeo

Nigel Thomas
12 Mar, 2014
New York City

Adecco profit soared 48% to

India Movers: Gateway Distriparks, MakeMyTrip, REC, SpiceJet

Mukesh Buch
12 Mar, 2014
New York City

Gateway Distriparks increased its stake to 54.2% in Snowman Logistics. MakeMyTrip sold its 4.5 million shares to raise $115 million. SpiceJet placed an order for 42 Boeing 737 MAX aircraft valued at a list price of $4.4 billion.

Dick

Mukesh Buch
11 Mar, 2014
New York City

American Eagle declined on cautious outlook. Dick

China Liberalizes Interest Rates and to Permit Private Banks

Nigel Thomas
11 Mar, 2014
New York City

Chinese regulators and central bank followed with details of banking industry liberalization after President Xi Jinping laid out a framework in November. Five private banks will be permitted to launch banks as early as next years.

U.S. Indexes Pause, Investors Struggle to Separate Economy and Weather

Nichole Harper
11 Mar, 2014
New York City

Stocks on Wall Street paused and investors digested latest earnings announcements. Most companies have exceeded the low earnings expectations but retailers struggle and harsh winter played a role in consumer spending and construction sector.

Europe Earnings: Fenner, Geberit, Galenica, Hannover Ru, Inchcape

Nigel Thomas
11 Mar, 2014
New York City

Fenner, the maker of polymer products lowered first-half outlook. Geberit net soared 13% and sales grew 5%. Galenica profit surged 16% to 296 million francs. Germany based reinsurer Hannover Ru net climbed 5%. Inchcape profit jumped 7% to

Bank of Japan Committed to Bond Purhcase Program

Hiruki Nakamura
11 Mar, 2014
New York City

Insurance companies in Tokyo traded higher after the Bank of Japan reiterated its plan to purchase bonds between 60 billion yen and 70 billion a month. Market indexes in Japan are down 5.3% in the year so far and are at the bottom of eight most actively traded markets.

Weakness in Iron Ore Demand Worries Australian Investors

Marcus Jacob
11 Mar, 2014
New York City

Australian indexes turned volatile and investors focused on the lack of new demand for iron ore from China. BHP said it has made numerous short term productivity improvements in its iron ore division. Coca-Cola Amatil

India Movers: Autoline, Godrej Properties, HMT, IOC, Prime Focus

Mukesh Buch
11 Mar, 2014
New York City

Godrej Properties develop a new project in Vikhroli with Boyce. HMT gained after government approved revival plans. Indian Oil will invest about Rs 3,150 crore to set up a polypropylene unit in Paradip and Kuwait Petroleum may take a stake.

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