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Stocks on Wall Street Advance Ahead of Earnings Season

Nichole Harper
07 Jan, 2014
New York City

Stocks on Wall Street advanced after falling for three days in a row and the dollar gained against the Canadian dollar and the euro. U.S. trade deficit declined to a 4-year low and the Canadian trade deficit widened. German unemployment dropped and the euro-area inflation slowed.

U.S. Trade Deficit Falls to 4-Year Low

Nigel Thomas
07 Jan, 2014
New York City

U.S. trade deficit declined to the lowest since fall 2009 on falling petroleum imports and rising exports in November.

Volatile Nikkei Plunges 2.4%, Fast Retailing Drops 6%

Hiruki Nakamura
06 Jan, 2014
New York City

Nikkei in Tokyo dropped sharply and the yen continued its weakness against the dollar and the euro. Fast Retailing declined 6% on lower than expected increase in same store sales in December.

Europe Earnings: Balfour Beatty, Centamin, Legal & General, Shell

Nigel Thomas
06 Jan, 2014
New York City

Balfour Beatty won a

U.S. Movers: GE, Men's Wearhouse, Sirius XM, T-Mobile, Twitter

Mukesh Buch
06 Jan, 2014
New York City

GE agreed to acquire some business from Thermo Fisher for $1.06 billion. Men''s Wearhouse raised offer for Jos. A. Bank Clothiers. T-Mobile agreed to buy spectrum licenses from Verizon for $2.4 billion. Twitter falls on comments.

Australian Indexes Fall 0.5%, Shell to Sell Woodside Stake

Marcus Jacob
06 Jan, 2014
New York City

Australian markets indexes declined for the second day in a row and the dollar eased. Royal Dutch Shell plans to sell its remaining stake of 23.1% in Woodside Petroleum.

U.S. Movers: Schulman, Commercial Metals, IHS, Palo Alto Networks, Sonic

Mukesh Buch
07 Jan, 2014
New York City

Schulman net jumped 28%. Commercial Metals dropped 8%. IHS net declined 12%. Palo Alto Networks agreed to acquire Morta Security. Sonic net jumped 34%.

Australian Stocks Ease, Oil Refineries Face Global Competition

Marcus Jacob
07 Jan, 2014
New York City

Australian trade deficit in November narrowed on rising exports. Aussie dollar declined and stock trading was the weakest in the year so far. Sundance Energy plans to purchase additional land in Oklahoma. Nucoal Resources nearly doubled on no news.

Europe Earnings: Air Liquide, BASF, Dunelm, easyJet, Maersk, Vestas

Nigel Thomas
07 Jan, 2014
New York City

Dunelm total sales jumped 5%. easyJet said passenger count increased 3.5% in December. Maersk agreed to sell major stakes in two retail chains for

India Movers: Claris, IL&FS, L&T, MCX, Valecha Engineering

Mukesh Buch
07 Jan, 2014
New York City

Claris Lifesciences board approved share buy-back for Rs.231 crore. IL&FS and Ramky received a provisional completion certificate for a road in Andhra Pradesh. L&T secured a construction order from Saudi Aramco. Blackstone bought 2.8% stake of MCX.

U.S. Movers: Ford, General Motors, FireEye, Lindsay, Landec

Mukesh Buch
03 Jan, 2014
New York City

Chrysler December sales jumped 6%, Ford sales rose 2% and GM sales declined 6%. FireEye agreed to acquire Mandiant Corp for about $1 billion. Lindsay net dropped 31%. Landec net tumbled 61%.

Europe Earnings: Marks and Spencer, Next, National Express

Nigel Thomas
03 Jan, 2014
New York City

Marks and Spencer climbed after the retailer forecasted third-quarter sales to jump 2.6%. Next lifted its profit outlook on holiday sales were ahead of its estimate. National Express estimated annual sales to increase 10%.

U.S. Movers: DryShips, Landec, Sprint, Urban Outfitters

Mukesh Buch
02 Jan, 2014
New York City

DryShips dropped 8% after the ocean freight shipping company plans to raise $200 million in a stock offering. Landec lowered its second-quarter earnings guidance. Sprint fall and Urban Outfitters rise on analysts

Europe Earnings: EXOR, Fiat, IMI, Ophir Energy, RWE, Shell

Nigel Thomas
02 Jan, 2014
New York City

Fiat agreed to acquire remaining 41.5% stake in Chrysler for $4.35 billion. IMI sold its beverage dispense and merchandising divisions for $1.1 billion. RWE sought permission from shareholders to raise capital.

India Movers: Adani, Atul Auto, Ashoka Buildcon, Coal India, Maruti Suzuki

Mukesh Buch
01 Jan, 2014
New York City

Atul Auto said December auto sales surged 23% Maruti December sales dropped 4%. M&M tractor sales climbed 15%. Ashoka Buildcon received letters of acceptance for projects worth Rs 596 crore. Morgan Stanley purchased Coal India shares worth Rs 485 crore.

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