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Market Update

U.S. Movers: Bank of Nova Scotia, Campbell Soup, Tiffany, Valeant

Mukesh Buch
28 May, 2013
New York City

Bank of Nova Scotia revenue and net jumped. Campbell Soup agrees to acquire Plum Organics. Fidelity National acquires LPS for $2.9 billion. Tiffany net rose as sales climbed. Valeant agree to acquire Bausch & Lomb in $8.7 billion in cash.

Europe Earnings: AstraZeneca, A.G. Barr, St James, Victrex

Nigel Thomas
28 May, 2013
New York City

AstraZeneca agreed to acquire Omthera for $323 million. A.G. Barr profit for the year dropped 9% as carbonates revenue climbed 7%. The Crown Estate invests

Indexes on Wall Street Gain 1%, Home Price Index Rises

Nichole Harper
28 May, 2013
New York City

Market indexes in New York surged more than 1% and metropolitan home price index gained more than expected in March. World markets traded higher after central bankers around the world offered positive comments in the support of higher financial markets.

Nikkei Reverses Course for Now as the Yen Slides

Hiruki Nakamura
28 May, 2013
New York City

The Nikkei index in Tokyo jumped as much as 1.4% after two-day decline of more than 10%. The yen reversed its course and export sensitive companies led the rebound. Sony and Panasonic are increasingly focusing on the markets in India as the demand for electronic devices boom.

Australian Markets Halt 5-Day Slide, Woodside to Restart Gas Exploration

Marcus Jacob
28 May, 2013
New York City

Australian stock indexes turned higher after five days of losses. Australian dollar remained weak and traded near one-year low. Woodside Petroleum plans to restart natural gas exploration. Cabcharge Australia dropped the most after Victoria government lowered card payment fees for taxis.

India Movers: Colgate, CESE, GAIL, Jindal, Nalco, Tata Chemicals

Mukesh Buch
28 May, 2013
New York City

Colgate profit slid but sales jumped. CESE revenue grew 9%. GAIL (India) net and revenues climbed. Havell''s net surged and Nalco net dropped. Tata Chemicals net swung to loss. Tata Global Beverages profit soared 19%.

Rise-and-Rise in Nikkei is Followed by 2-Day Fall

Hiruki Nakamura
27 May, 2013
New York City

Stocks in Tokyo extended losses for the second day and compounded 2-day loss to 10% as retail investors and computer based trading retrenched. The today

Europe Earnings: Club Mediterranee, Fiat, SAP, Vivendi

Nigel Thomas
27 May, 2013
New York City

Club Mediterranee received buyout offer from AXA and Fosun International. Fiat talks with banks to acquire Chrysler. SAP withdraws his interest in Jive Software. Qatar Telecom agrees to buy stake for $12 billion in Vivendi

Australian Stocks Extend Losses

Marcus Jacob
27 May, 2013
New York City

Australian index declined for the fifth day in a row and extended losses to 5% in the last six days of trading. Commodities prices fell and resource stocks closed lower. Australian dollar drifted to a new one-year low.

India Movers: Britannia, Crompton, CCI, Jet Airways, Oil India, Wockhardt

Mukesh Buch
27 May, 2013
New York City

Britannia sales and profit surged. Crompton sales rose but net plunged 75%. CCI net edged down and Gujarat NRE Coke net swung to profit. Jet Airways net loss widened. Oil India profit soared 72%. RCom raised mobile call rates by 33%. Wockhardt net swung to profit.

U.S. Movers: Gap, Foot Locker, Nordson, Ross Stores, Salesforce, Sears

Mukesh Buch
24 May, 2013
New York City

Aeropostale net swung to loss. Gap sales and profit jumped. Foot Locker comparable store sales jumped. Nordson sales soared and lifted outlook. Ross Stores net climbed 12%. Salesforce.com sales jumped but net loss widened. Sears net swung to loss as comparable store sales dropped.

Stimulus Worries Outweighs U.S. Durable Goods Orders Strength

Nichole Harper
24 May, 2013
New York City

Market indexes traded higher to erase early morning decline but struggle to move in the positive territory. Durable goods orders increased faster-than-expected 3.3% in April on a jump in volatile aircraft orders. European markets closed lower.

Europe Earnings: 3i Group, BTG, Close Brothers, Elan

Nigel Thomas
24 May, 2013
New York City

3i Group offers to acquire Barclays European infrastructure fund division. BTG agreed to acquire targeted therapies division of Nordion for

Nikkei Ends Higher After Wild Trading in Tokyo

Hiruki Nakamura
24 May, 2013
New York City

In wild trading stocks in Tokyo closed higher as retail investors step up. Retail participation in Tokyo trading has steadily increased from less than 20% to close to 40% in the last three months as speculators ride market momentum.

Weekly Loss of 4% in Australian Markets

Marcus Jacob
24 May, 2013
New York City

Australian market indexes extended losses for the second day as global uncertainties rise rooted in Chinese slowdown and premature withdrawal of economic stimulus in the U.S.