Market Update

Europe Earnings: adidas, BrainJuicer, Daimler, Direct Line, LVMH

Nigel Thomas
20 Sep, 2013
New York City

adidas lowered its profit estimate for the year. BrainJuicer stock jumped after profit surged 81%. Daimler expects second-half sales to be ahead of comparable period a year ago. RBS sold its 20% stake in Direct Line Insurance for

U.S. Movers: ConAgra, Clarcor, IHS, Oracle, Pier 1, Rite Aid, Scholastic

Mukesh Buch
19 Sep, 2013
New York City

ConAgra net tumbled 42% but revenue surged 27%. Clarcor profit slipped 5% and IHS net declined 47% and revenue soared 25%. Oracle net climbed 8%. Pier 1 net plunged 32% and Rite Aid net swung to profit. Scholastic said net in the quarter narrowed.

Europe Earnings: Asos, Booker, Lufthansa, Rolls-Royce, Swatch

Nigel Thomas
19 Sep, 2013
New York City

Asos said total sales surged 47% to

Europe Earnings: Alstom, Exillon, JD Sports, Inditex, Redrow, Smiths Group

Nigel Thomas
18 Sep, 2013
New York City

Alstom cuts forecast and secured contract worth

U.S. Movers: Adobe, Cracker Barrel, FedEx, General Mills, GM, Safeway

Mukesh Buch
18 Sep, 2013
New York City

Adobe net tumbled 7% as revenue dropped 8%. Cracker Barrel slid 1% and revenue and comparable sales jumped. FedEx net soared 7% and increase the rates. General Mills profit declined 16% but sales rose 8%. U.S. Treasury sold additional stake in GM to 7.3%.

U.S. Movers: Aeropostale, Cvent, FactSet Research, Outerwall

Mukesh Buch
17 Sep, 2013
New York City

Aeropostale surged after activist investor increased its stake of 8%. Cvent said quarterly net swung to a loss but revenues climbed 36%. FactSet Research net climbed 28% to $51 million. Outerwall plummeted after the company lowered its third quarter outlook.

Europe Earnings: Barclays, Debenhams, Investec, IG Group, Lloyds, Schaeffler

Nigel Thomas
17 Sep, 2013
New York City

Barclays fined

Europe Earnings: Barclays, Lufthansa, Hennes & Mauritz, Vedanta

Nigel Thomas
16 Sep, 2013
New York City

Barclays said adjusted income fell by

U.S. Movers: Packaging Corp, Sears Holdings, Sohu.com

Mukesh Buch
16 Sep, 2013
New York City

Packaging Corp agreed to acquire Boise for $1.27 billion. Sears intends to obtain $1 billion loan. Sohu, Sogou and Tencent form a strategic partnership and Tencent invested $448 million in cash in Sogou.

Australian Markets at a New 5-Year High, Westfield in $1.6 Billion Deal

Marcus Jacob
16 Sep, 2013
New York City

Australian stocks advanced and the gains in resource and financial stocks lifted the benchmark index to a new five-year high. Australian dollar edged to a 2-month high and gold and iron ore prices in international markets gained on a rally in Asian markets.

U.S. Movers: Analogic, Brady, Kroger, Ulta Salon, United Natural Foods

Mukesh Buch
13 Sep, 2013
New York City

Analogic net climbed 28% and Brady net swung to loss but sales climbed 22%. Kroger sales soared 14% after sales jumped 5% and Ulta Salon sales and profit surged. United Natural Foods net jumped 28%.

Europe Earnings: Fresenius, Gerry Weber, J D Wetherspoon, TDC, Morrison

Nigel Thomas
13 Sep, 2013
New York City

Fresenius agreed to acquire 43 hospitals from Rhoen-Klinikum valued

U.S. Movers: Coldwater Creek, Linn Energy, Synnex, Verizon, Xoom

Mukesh Buch
11 Sep, 2013
New York City

Coldwater Creek plunged after same store sales declined 7.3% and loss narrowed. Restoration Hardware net swung to a loss. Synnex to buy IBM''s worldwide customer care unit valued $505 million. Verizon launched $49 billion bond. Xoom priced public offering at $30.50 per share.

Dell Wins $25 Billion LBO Deal Approval, Hilton Files IPO

Nichole Harper
12 Sep, 2013
New York City

Stocks on Wall Street edged lower and dollar was in focus and crude oil and gold trended lower after Syria tensions eased. Dell Inc shareholders approved company plan to go private in $25 billion deal. Hilton Worldwide files to raise as much as $1.25 billion. FaceBook Inc trades at a new high.

Japanese Machinery Orders Flat, Mitsubishi Motors to Raise $2 Billion

Hiruki Nakamura
12 Sep, 2013
New York City

Stocks in Tokyo fell for the second day in a row and the yen hovered near a 6-week low. Core machinery orders were unchanged in July. Mitsubishi Motors plans to raise as much as $2 billion to repurchase preferred shares held by affiliates. Sharp is expected to raise $1.5 billion.