ticker

India Movers: Diamond Power, Hindalco, MCFL, Punj Lloyd, RCom, STC

Mukesh Buch
11 Jul, 2013
New York City

Hindalco raised automotive sheet price in Europe. Punj Lloyd signed an agreement to develop 100 megawatts power plant in Rwanda. RCom completed securitizations agreement with Reliance Jio.

European Markets Fall, UK Sets $3 Billion Royal Mail IPO

Nigel Thomas
10 Jul, 2013
New York City

European markets traded lower and investors looked to the U.S. Fed statement and Chinese trade data. French industrial output declined less than expected but Italian production rose. UK prepares to sell Royal Mail in $3 billion IPO.

U.S. Movers: Adtran, Family Dollar, Fastenal, Intuitive Surgical, Tribune

Mukesh Buch
10 Jul, 2013
New York City

Adtran second quarter sales and net declined and Family Dollar sales jumped but net fell. Fastenal second quarter net jumped 7% to $121 million. Intuitive Surgical fell on lowered second quarter guidance. Tribune separates publishing and broadcasting business.

China Trade Data Highlight 6-Month Weakening Trend

Devan Biswas
10 Jul, 2013
New York City

China

World Markets Await Fed Statement, Stocks Trade Sideways

Nichole Harper
10 Jul, 2013
New York City

U.S. stocks traded sideways and investors awaited monetary policy committee statement. China

Europe Earnings: Burberry, Citycon, Glencore, Halfords, ICAP, Royal Mail

Nigel Thomas
10 Jul, 2013
New York City

Burberry expects first quarter sales to jump 18%. Citycon second quarter sales and profit jumped 6%. Glencore plans to sell Dakota Growers Pasta Co for at least $300 million. Halfords first quarter revenue climbed 9%. Royal Mail intends free distribution of 10% stake to employees.

Nikkei in Tokyo Drifts Lower Ahead of BoJ Meeting

Hiruki Nakamura
10 Jul, 2013
New York City

Stocks in Tokyo traded lower after weak trade data from China and stoked global economic slowdown worries. Bank of Japan began its two-day meeting today. Aeon Co, the operator of supermarket chain reported first quarter sales increased 10% and earnings advanced.

Fall in Chinese Trade Trim Australian Market Gains

Marcus Jacob
10 Jul, 2013
New York City

Stocks in Sydney opened higher and began trimming gain in the afternoon after China reported first decline in trade activities in eighteen months. Pepper Australia launched a competing bid for its mortgage lender rival RHG.

India Movers: Apollo Hospitals, Clariant, IndusInd Bank, Power Grid

Mukesh Buch
10 Jul, 2013
New York City

Apollo Hospitals plan to invest $350 million for 3-year expansion. IndusInd Bank net jumped 42% and revenue climbed 22%. Shriram Transport Finance plan to raise $123 million in a public offering.

U.S. Movers: Alcoa, GenCorp, NYSE Euronext, Kroger, WD-40

Mukesh Buch
09 Jul, 2013
New York City

Alcoa second quarter loss widen to $119 million. GenCorp and Hi-Tech Pharmacal quarterly net swung to a loss. NYSE Euronext appointed as the new administrator for Libor. Kroger agreed to acquire Harris Teeter Supermarkets for $2.44 billion. Wolverine World second quarter net slipped.

Europe Earnings: AVEVA, Ferrexpo, LVMH Moet, M&S, Osram

Nigel Thomas
09 Jul, 2013
New York City

Aveva estimated higher sales in the current fiscal year. Ferrexpo said first-half pellet production climbed 11.4%. LVMH Moet agreed to buy 80% stake in Italian cashmere maker Loro Piana for

European Markets at 3-Week High, LVMH to Acquire Loro Piana for

Nigel Thomas
09 Jul, 2013
New York City

European markets traded higher to reach a 3-week high led by a surge in commodities and resource sector stocks. UK handed over the Libor rate management to the operator of NYSE Euronext exchanges. LVMH agreed to acquire 80% stake in Loro Piana for 2.5 billion euros.

Stocks in New York Extend Gains, Kroger to Buy Harris Teeter for $2.5 Billion

Nichole Harper
09 Jul, 2013
New York City

Stocks opened higher on Wall Street after Alcoa reported a quarterly loss but held out optimism for an increase in demand for aluminum in the year. Kroger agreed to buy Harris Teeter Supermarkets for $2.5 billion. Barnes & Noble chief executive resigns.

Nikkei Jumps 2.5% in Tokyo, Olympus Drops 5% on $1.15 Billion Offering

Hiruki Nakamura
09 Jul, 2013
New York City

Market indexes in Tokyo soared more than 2% following strong gains in international markets. Softbank is scheduled to complete its purchase of SprintNextel tomorrow. Beverage makers and convenience stores traded higher as summer heat lifts demand.

Australian Index Rebounds 1.5%, Northern Star Puts Gold Project on Hold

Marcus Jacob
09 Jul, 2013
New York City

Australian indexes rose to a one-month high as investors shake off global worries. Yanzhou Coal Mining Company is planning to privatize its Australian listed company. Northern Start delayed its gold mining project indefinitely.

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