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Europe Earnings: Daily Mail, Johnson Matthey, Mothercare, National Grid

Nigel Thomas
21 Nov, 2013
New York City

Daily Mail profit plunged 23% on revenue fall of 8%. Johnson Matthey climbed 21% after revenue surged 31%. Mothercare said net loss narrowed. National Grid profit soared 26% to

Europe Earnings: BSkyB, Glaxo, Swiss Re, ThyssenKrupp, Telecom plus, UK Mail

Nigel Thomas
20 Nov, 2013
New York City

Glaxo sold its stake in Aspen Pharma for

India Movers: Bombay Dyeing, Jet Airways, NTPC, ONGC, Tata Power

Mukesh Buch
21 Nov, 2013
New York City

Bombay Dyeing rose after High Court approved land exchange. Jet Airways board approved 24% stake sale to Etihad. NTPC received regulatory approval to raise Rs 1,750 crore tax-free bonds. ONGC signed agreement with PetroVietnam for joint exploration.

Holiday Sale Hopes Drive U.S. Indexes Higher, Home Resales Ease

Nichole Harper
20 Nov, 2013
New York City

Stocks on Wall Street gained and investors pinned hopes on higher holiday sales for retailers. Existing home sales eased in October and first-time home buyers stayed on sidelines for the third month in a row.

Japan's Trade Deficit Doubles, Auto Shipments Surge Leads Export Growth

Hiruki Nakamura
20 Nov, 2013
New York City

Japan recorded sixteenth monthly trade deficit in a row and the shortfall nearly doubled from a year ago month in October. Deficit increased to $10.9 billion and exports rose more than expected 18% on 31% rise in automobiles shipments. Imports soared 26.4% on a surge in petroleum products demand.

U.S. Movers: Deere, JPMorgan, Smucker, J.C. Penney, Lowe

Mukesh Buch
20 Nov, 2013
New York City

ADT net rose 2% as sales jumped 4%. Deere net soared 17% but sales fell 3%. JPMorgan agreed to settle mortgage related claims for $13 billion. Smucker net grew 3% and revenue dropped 4%. J.C. Penney net widened. Lowe

Australian Indexes Extend 3-Day Losses, Worleyparsons Plunge 26%

Marcus Jacob
20 Nov, 2013
New York City

Australian stocks closed lower and resource sector led the decliners after construction services provider Worleyparson issued a profit warning. WAB accepted revised cash $9 a share offer. Leighton Holdings subsidiary won a coal mining expansion contract worth $550 million.

India Movers: Aban Offshore, Bombay Dyeing, Cipla, HDFC, Shriram, Wyeth

Mukesh Buch
20 Nov, 2013
New York City

Aban Offshore net climbed as sales jumped. Bombay Dyeing denied the media report of Wadala land handover order. HDFC plans to raise Rs. 250 crore from non-convertible debentures. Shriram EPC won orders worth Rs 214 crore. Wyeth plans to merge with Pfizer.

Wall Street Focuses on Retailers, OECD Lowers Global Growth View

Nichole Harper
19 Nov, 2013
New York City

U.S. stocks extended gains after upbeat earnings from Home Depot, Best Buy and TJX. Paris based OECD lowered its global economic growth outlook and said recovery steady but slow. Retailers were in focus on the worries of competitive pressures to offer more than usual discounts.

U.S. Movers: Best Buy, Campbell Soup, Home Depot, Medtronic, TJX

Mukesh Buch
19 Nov, 2013
New York City

Best Buy plunged 9% on margin worries in holiday season. Campbell Soup net plunged 30%. Dicks Sporting net grew 4%. Home Depot net surged 43% as comparable sales climbed. Medtronic net soared 40%. Salesforce.com net loss narrowed. TJX net surged 35%.

Europe Earnings: Afren, easyJet, Enterprise Inns, ITV, Intertek, TUI Travel

Nigel Thomas
19 Nov, 2013
New York City

Afren climbed on encouraging test oil drilling results. easyJet profit surged 56% as revenue climbed 11%. Enterprise Inns net swung to a loss. ITV said total revenue jumped 6%. Intertek agreed to acquire Architectural Testing for

Investors in Tokyo Focus on Chinese Reform Details

Hiruki Nakamura
19 Nov, 2013
New York City

Stocks in Tokyo declined and investors focused on the details of the latest Chinese reforms. The People

RBA Hints Australian Rates on Hold

Marcus Jacob
19 Nov, 2013
New York City

Reserve Bank of Australia in its latest minutes of meeting noted rates are likely to be on hold in the near future and said recent rates cuts are having desired impact on the economy. However, the central bank noted rising home prices across the nation and said inflation is within its target range.

India Movers: BHEL, IPCA Lab, Jet Airways, NTPC, Power Grid

Mukesh Buch
19 Nov, 2013
New York City

BHEL secured contract worth Rs 1,300 crore from NTPC. FT India sold its stake in ICE Singapore Holdings for $150 million. NTPC terminated its Rs 700 crore contract with the Italy-based company. Power Grid

U.S. Indexes Extend Gains in Record Zone

Nichole Harper
18 Nov, 2013
New York City

Stocks extended advance and market indexes traded in a record territory. S&P 500 index extended yearly gain to 26.3% and the Nasdaq index flirted near 32%. Market indexes in Europe and Asia advanced. Fertilizer stocks were in focus after Prokhorov gained full control of Uralkali.

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