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U.S. Movers: American Superconductor, Casey

Mukesh Buch
14 Jun, 2013
New York City

American Superconductor declined as revenue plunged 29%. Casey

U.S. Wholesale Prices Rise, industrial Output Flat

Nichole Harper
14 Jun, 2013
New York City

U.S. stocks were little changed and wholesale prices increased more than expected and industrial production was flat in May. Consumer sentiment also declined on the rising energy prices.

Europe Earnings: Barry Callebaut, Elan, Glencore, Home Retail, Hochtief

Nigel Thomas
14 Jun, 2013
New York City

Barry Callebaut placed new 318,858 shares at a price of about $300 million. Elan board authorized the company sale. Glencore signed revolving credit facilities for $17.3 billion. Hochtief plans to buyback up to 4,313,000 shares worth

Volatile Nikkei Rises 1.9%; Brokers Target Higher Market Levels

Hiruki Nakamura
14 Jun, 2013
New York City

Stocks in Japan recovered after the Nikkei index fell to a bear market territory with a sharp drop of 20% from a peak on May 22. Nikkei gained 1.9% and the broader Topix increased 1.2%. The yen closed near 95 against one dollar.

Australian Stocks Recover 2%, Murdoch in Third Divorce

Marcus Jacob
14 Jun, 2013
New York City

Australian market indexes closed higher following gains on Wall Street and in Asian markets. The Australian dollar dipped to a new 3-year low but recovered at close. News Corp chief, 82 year old, Rupert Murdoch filed to divorce his 44 year wife after 14 years of marriage.

India Movers: Airtel, Ess Dee, HUL, RCom, Tata, Wipro, Wockhardt

Mukesh Buch
14 Jun, 2013
New York City

Bharti Airtel promoter group increased its stake in the company. Ess Dee fourth quarter sales and profit climbed. Unilever won approval to increase its stake in Hindustan Unilever. RCom agreed to sale its DTH business to Sun Group.

U.S. Movers: Clearwire, Gannett, Men

Mukesh Buch
13 Jun, 2013
New York City

Comverse sales jumped and net loss narrowed. Clearwire requests shareholders to accept cash offer of Dish Network and not from Sprint. Gannett agreed to acquire Belo Corp. for $2.2 billion. Safeway sold it Canadian operations to Sobeys for C$5.8 billion in cash.

Europe Earnings: BG Group, Centrica, Elan, Mulberry, Zara Espa

Nigel Thomas
13 Jun, 2013
New York City

BG Group sold 65.1% stake in India based Gujarat Gas for about $422 million. Centrica buy 25% stake license for total of

European Markets at 2-Month Lows

Nigel Thomas
13 Jun, 2013
New York City

European markets pared losses after a sharp decline in Japan dragged sentiment in Europe and Asia. World Bank lowered global growth estimate. Wholesale inflation in Germany declined for the second month in a row.

U.S. Retail Sales Rise 0.6%, World Markets Ease

Nichole Harper
13 Jun, 2013
New York City

U.S. stocks opened lower after a plunge of more than 6% in Nikkei dragged markets in Asia and in Europe. U.S. weekly jobless claims declined 12,000 and retail sales in May increased 0.6%.

Nikkei's 6.4% Plunge Sparks Global Sell-off

Hiruki Nakamura
13 Jun, 2013
New York City

The Nikkei index in Tokyo plunged 6.4% as turbulent market extended volatility in the third week. Markets in Japan are in a bear market territory for the second time in as many weeks and the yen rises as foreign investors sell stocks and unwind the currency hedge.

Positive Australian Jobs Report Failed to Lift Market Sentiment

Marcus Jacob
13 Jun, 2013
New York City

Australian market indexes tested the 2013 lows and the Australian dollar traded weak. On the domestic front, employers added 1,100 jobs in May, sharply higher than 10,000 job cuts expected by many economists.

India Movers: Apollo Tyres, Gujarat Gas, MMTC, Sun Pharma, Tata Motors

Mukesh Buch
13 Jun, 2013
New York City

Apollo Tyres declined on company''s debt after deal to buy U.S. based Cooper Tire. BG Group Plc completed its stake sale in Gujarat Gas. MMTC offering demand exceeded offering size by 33%. Tata Motors dropped ahead of June auto sales data.

U.S. Movers: Cooper Tire, Agilysys, Pfizer, Ulta Salon

Mukesh Buch
12 Jun, 2013
New York City

Cooper Tire agreed to be acquired by India based Apollo Tyres for $2.5 billion. Agilysys sales surged and net swung to profit. Oxford Industries net plunged 24%. Pfizer and Takeda get $2.15 billion for settlement of patent infringement. Ulta Salon soared after sales and net climbed.

U.S. and World Markets Churn on Fed and ECB Fears

Nichole Harper
12 Jun, 2013
New York City

U.S. stocks churn as investors attempt to decipher the next move from the Fed and European Central Bank. The latest market surge has been supported by the accommodative policies of central banks and investors are increasingly focused on the impact of early stimulus withdrawal.

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