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Yen Pullback Lifts Nikkei Again, Seven & I Net Rises

Nigel Thomas
09 Jan, 2013
New York City

Two month old rally in Tokyo stocks continued after the yen edged lower and international investors added net positions to Japanese stocks. Education stocks soared on the hopes of a tax exemption for grandchildren schooling gift. Resource sector stocks led the gainers.

Australian Retail Sales Ease 0.1%, New Home Sales Rise 4.7%

Marcus Jacob
09 Jan, 2013
New York City

Australian stocks closed higher after international investors stepped up buying. New home sales increased for the second month in November and retail sales declined in the month.

India Movers: Bharti Airtel, Chemfab, Coal India, IndusInd Bank

Mukesh Buch
09 Jan, 2013
New York City

Bank of India rallied on the fund raising plan. Bharti Airtel increased 25% price on data plans. IndusInd Bank third quarter net profit jumped 29.8%. Western India Shipyard secured orders valued $3 million.

U.S. Indexes Accelerate Declines, AIG to Sue Govt for Bailout

Nichole Harper
08 Jan, 2013
New York City

Broader market indexes declined tracking losses in Europe and Asia. AIG plans to join others and suing government for bailout that saved the insurer. Sears comparable same store sale plunged 13% and said that the chief executive is leaving.

Nikkei Declines 0.9% on Yen Volatility

Nigel Thomas
08 Jan, 2013
New York City

Stocks in Tokyo eased for the second day in a row and the yen struggled to rebound. The Nikkei declined 0.9% and the yen closed at 87.51 to a dollar. Prime Minister Shinzo Abe is expected to announce a broad stimulus package and press for higher inflation target with the Bank of Japan.

Australian Deficit Surges to a Record in November, Housing Market Weak

Marcus Jacob
08 Jan, 2013
New York City

Australian stocks closed lower as financials and miners led the decliners. Trade deficit surged a record high in November as imports rose faster than exports. Iron ore prices rebounded to a 15-month high.

U.S. Movers: Acuity Brands, Generali, IHS, Monsanto, Sears

Mukesh Buch
08 Jan, 2013
New York City

Acuity Brands first quarter net dropped 13% and acquired Adura Technologies. IHS fourth quarter net climbed 100% and Monsanto net jumped 169%. Sears expects fiscal year loss and Edwad Lampert will assume additional role as the chief executive.

Educomp Sells Eurokids Stake, PVR to Buy Cinemax

Mukesh Buch
08 Jan, 2013
New York City

Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.

U.S. Banks Settle Foreclosure Abuses for $8.5 Billion, Indexes Ease

Nichole Harper
07 Jan, 2013
New York City

Stocks were on the defensive on Wall Street after broader indexes gained to a five-year high on Friday. Bank of America agreed to settle claims with Fannie Mae for $10 billion and ten banks agreed to pay $8.5 billion to end foreclosure abuse claims.

Europe Movers: BNP, Deutsche Bank, Faurecia, Rolls-Royce

Nigel Thomas
07 Jan, 2013
New York City

Banks led the gainers in European trading after Basel Committee capitulated to banking industry lobby in revised capital standards implementation. Rolls Royce fell 1.6% after the UK regulator hold bribery inquiry. Faurecia gained 7% on hopes that controlling shareholder Peugeot may sell its stake.

European Markets Slide, Banks Lead Gainers

Barry Randall
07 Jan, 2013
New York City

European markets traded lower but banks led the gainers after Basel Committee capitulated to pressure from large global banks and eased implementation of new capital and liquidity rules.

U.S. Movers: Athenahealth, Bank of America, Illumina, Nationstar Mortgage

Mukesh Buch
07 Jan, 2013
New York City

Athenahealth agreed to acquire Epocrates Inc for $293 million in cash. Bank of America settled $3.6 billion mortgage claims with Fannie Mae. Illumina agreed to purchase Verinata Health, Inc. for $350 million. Nationstar acquired $215 billion mortgage service rights from Bank of America.

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