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Yellen Comments Lift Sentiment, Durable Goods Orders Fall 1%

Nichole Harper
27 Feb, 2014
New York City

U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000.

Yen Advances 0.3%, Sony Electronics to Cut One Third Staff

Hiruki Nakamura
27 Feb, 2014
New York City

Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs.

Best Buy, Mylan, Sears Jump; Hilton Slips

Mukesh Buch
27 Feb, 2014
New York City

Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl''s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed.

Australian Capital Spending Falls 5.2%, Qantas Cuts 5,000 Jobs

Marcus Jacob
27 Feb, 2014
New York City

Australian stocks declined after December quarter capital investment fell more than expected 5.2%. The spending is expected to fall further in the current quarter. Qantas confirmed its plan to trim 5,000 jobs.

Europe Earnings: Allianz, GDF Suez, RBS, Telefonica, Veol

Nigel Thomas
27 Feb, 2014
New York City

Allianz net surged 14.6% to

Dollar Tree, Heico, Lowe

Mukesh Buch
26 Feb, 2014
New York City

Chesapeake net swung to a loss. Dollar Tree net dropped 7%. Heico profit surged 38% on 23% rise in sales. Lowe

New Home Sales Rise 9.6%, U.S. Indexes Flirt with New Highs

Nichole Harper
26 Feb, 2014
New York City

U.S. new home sales increased to a six-year high annualized rate. Retailers were in focus after Target Corp reported better than expected earnings. TJX announced a $2 billion share buyback program. First Solar plunged on earnings decline. DreamWorks Animation sales plunged 23%.

Europe Earnings: Ferrovial, Henderson, ITV, Jeronimo Martins, Weir

Nigel Thomas
26 Feb, 2014
New York City

Ferrovial net jumped 5% to

Stocks in Tokyo Pause, Panasonic and Tesla in Battery Venture

Hiruki Nakamura
26 Feb, 2014
New York City

Stocks in Tokyo paused and investors focused on the yen weakness. Panasonic Corp soared after the company plans to build electric batteries for Tesla Motors Inc. The gained 0.3%.

Australia Offers Farmers Assistance Package, Lend Lease Net Drops 16%

Marcus Jacob
26 Feb, 2014
New York City

Australian indexes closed higher led by a rise in banks and insurance companies. Prime Minister Tony Abbott announced a $320 million assistance package for drought affected farmers. Lend Lease first-half profit declined 16% but offered positive outlook.

India Movers: BHEL, Clariant Chemicals, CARE, Jindal Poly, Sanofi India

Mukesh Buch
26 Feb, 2014
New York City

BHEL secured a contract worth Rs 321 crore for hydro electric project in Punjab. Clariant Chemicals fell after net swung to a loss. CARE key shareholders struggle to sell their stakes. Jindal Poly Films net swung to a profit. Sanofi India net surged 107%.

Nikkei Gains 1.4%, Line Denies Stake Sale Talks with Softbank

Hiruki Nakamura
25 Feb, 2014
New York City

Stocks in Japan closed higher and the yen held firm following a rise in international markets in overnight trading. Honda Motor opened a new plant in India with investment of $600 million. Line in Japan denies media reports of stake sale talks with Softbank.

Domino

Mukesh Buch
25 Feb, 2014
New York City

American Tower net plunged 26% but sales surged 23%. Domino

Europe Earnings: Ashmore, Aixtron, Fresenius, GKN, St. James's, Vivendi

Nigel Thomas
25 Feb, 2014
New York City

Ashmore profit plunged 32%. Aixtron net loss narrowed. Fresenius forecasted sales and net to grow. GKN Profit in the year declined 16% to

IOOF and Graincorp in Australia Fall after Earnings

Marcus Jacob
25 Feb, 2014
New York City

Australian market indexes opened higher but the weakness in resource sector dragged the indexes to close down. Atlas Iron reported a surge in net sales and swung to profit in the first-half. Graincorp lowered its earnings outlook. IOOF net profit in the first-half soared 45%.

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