ticker

U.S. Indexes Trade Higher, Rating Agencies Quiet on U.S. Debt Downgrade

Nichole Harper
04 Oct, 2013
New York City

U.S. market indexes gained higher but political leaders showed no interest in compromising. Rating agencies also appear conflicted and under political pressure not to downgrade U.S. debt. Twitter files to raise as much as $1 billion.

Nikkei Declines 1% as Asian Markets Ease

Hiruki Nakamura
04 Oct, 2013
New York City

Stocks in Tokyo edged lower and investors shifted focus to domestic issues. U.S. government remained shut for the third day and debt default date approaches in two weeks. The yen weakened and commodities prices rose.

U.S. Movers: Computer Services, Forest Oil, IDT, Union Pacific, Xyratex

Mukesh Buch
04 Oct, 2013
New York City

Computer Services net jumped 7% as revenue climbed 11%. Forest Oil sold its oil and gas assets in Texas to Templar Energy LLC for $1 billion. IDT Corp net swung to a loss but sales climbed 7%. Union Pacific forecast third-quarter operating revenue. Xyratex net tumbled 77%.

Australian Markets Ease, Oil Search Venture with Exxon Raises $1.5 Billion

Marcus Jacob
04 Oct, 2013
New York City

Australian market indexes traded lower and the Aussie dollar gained as commodities prices were flat in regional trading. Leighton Holdings faced more media allegations of corruption. Oil Search and its Papua New Guinea LNG gas venture partner Exxon Mobil completed $1.5 billion financing.

Europe Earnings: Beacon Hill, Carpetright, Lindt, Petrofac, Tate & Lyle

Nigel Thomas
04 Oct, 2013
New York City

Lindt & Spruengli plans to buyback its own shares up to 2014. Carpetright lowered its full-year profit outlook. John Wood lifted its fiscal operating earnings growth outlook. Nokian Tyres lowered operating profit forecast.

U.S. Treasury Market Calm as Debt Default Date Approaches

Nichole Harper
03 Oct, 2013
New York City

U.S. market indexes trended lower as world investors began factoring a possible debt default and rising probabilities of a prolonged government default. With each passing day investors are debasing the fate of the reserve currency of the world.

U.S. Debt Default Worries Fuel Asian and Japanese Market Fall

Hiruki Nakamura
03 Oct, 2013
New York City

Stocks in Tokyo and Asia generally closed down as world investors began to factor in long term implications of the U.S. government shutdown and a debt default possibilities rise. U.S. is the largest debtor nation on the earth and increases its annual debt $1 trillion.

U.S. Movers: Bassett Furniture, CalAmp, Electro Rent, International Speedway

Mukesh Buch
03 Oct, 2013
New York City

Bassett Furniture net fell but sales jumped. Constellation Brands profit surged to $1.52 billion. CalAmp net plunged 24% and revenue surged 34%. Electro Rent climbed 12% and International Speedway said quarterly loss widened. Texas Industries net swung to profit.

Europe Earnings: Aviva, easyJet, FirstGroup, Intertek, Ted Baker

Nigel Thomas
03 Oct, 2013
New York City

Aviva sold its U.S. unit for

Australian Markets Advance, Leighton Plunges 10%

Marcus Jacob
03 Oct, 2013
New York City

Australian stocks traded higher and the dollar gained as Asian markets shift focus to domestic events. Australian service industry growth eased in September. Leighton in a lengthy statement denied allegation that it participated in corrupt practices to win contracts in Iraq, Indonesia and Malaysia.

U.S. Lawmakers in No Mood to End Shutdown, Indexes Drift Lower

Nichole Harper
02 Oct, 2013
New York City

U.S. market indexes declined as government remained shut for the second day. The White House summoned top lawmakers to settle on a short-term budget to reopen the government and move the negotiations to decide on the debt limit revision.

U.S. Movers: Global Payments, Monsanto, Team, Village Super Market, Walgreen

Mukesh Buch
02 Oct, 2013
New York City

Global Payments net soared 38% as revenue jumped. Monsanto said quarterly loss widened. Resources Connection net plummeted 23% and Team Inc declined 12% after net tumbled 41%. Walgreen quarterly earnings surged 86.4%.

Europe Earnings: Domino

Nigel Thomas
02 Oct, 2013
New York City

Domino

Nikkei Drops 2.2%, Yen Advances for Second Day

Hiruki Nakamura
02 Oct, 2013
New York City

Stocks in Tokyo declined and the yen advanced for the second day. Investors focused on the immediate impact of the latest stimulus plan and several economists worried that the proposed sales tax increase will dampen consumer spending.

Australian Building Approval Fall 4.7%, Trade Deficit Widens

Marcus Jacob
02 Oct, 2013
New York City

Stocks advanced in Sydney in light volume and new building approvals declined 4.7% in August from July but gained 7% from a year ago. Australian dollar edged higher and commodities prices fell. Mongolian government signaled additional approvals for the delayed Oyu Tolgoi copper and gold mine.

Market Update