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U.S. Indexes Drop 0.5%, Rates in Europe on Hold

Nichole Harper
09 Jan, 2014
New York City

U.S. indexes declined on weak retailers and weekly jobless claims declined European Central Bank noted progress in the economic growth but left its reference rate at historic low of 0.5%. Yesterday, Bank of England left its lending rate unchanged.

U.S. Movers: Acuity, Bed Bath Beyond, Family Dollar, Global Payments

Mukesh Buch
09 Jan, 2014
New York City

Acuity Brands net surged 70% and sales climbed 20%. Bed Bath & Beyond net climbed 9%. Family Dollar fell 3% but net sales rose 3%. Global Payments net jumped 5% on revenue increase of 8%. Nordion net swung to profit. Supervalu net doubled.

Volatile Nikkei Falls 1.5%, Fast Retailing Net Surges 8.8%

Hiruki Nakamura
09 Jan, 2014
New York City

Nikkei index slipped 1.5% and the yen dropped below 105 against a dollar. Fast Retailing said net income in the fiscal first quarter increased more than expected 8.8% on higher international sales.

Europe Earnings: Arkema, TGS-NOPEC, Wartsila, Morrison

Nigel Thomas
09 Jan, 2014
New York City

Arkema lowered its full-year earnings guidance. TGS-NOPEC Geophysical lifted revenue forecast for the quarter and fiscal 2013. Wartsila confirmed the preliminary proposal from Rolls-Royce. Morrison said total sales dropped by 2%.

Australian Retail Sales Rise, Building Approvals Ease

Marcus Jacob
09 Jan, 2014
New York City

Australian retail sales in November increased 0.7% following a 0.5% rise in October. Building approvals declined 1.5% in the month but surged 22% from a year ago. Port Hedland Port Authority said iron ore shipment to China jumped 8% in December.

India Movers: GVK Power, Hindustan Motors, Infosys, NHPC, Ranbaxy

Mukesh Buch
09 Jan, 2014
New York City

Hindustan Motors plans to divest its stake in Tiruvallur plant to raise Rs 150 crore. Infosys estimated third-quarter climbed 12%. Suven Life Sciences secured three product patents in Australia, Sri Lanka and South Korea.

U.S. Movers: AZZ, Constellation Brands, Forest Lab, Monsanto, MSC

Mukesh Buch
08 Jan, 2014
New York City

AZZ net rose 20% as revenue climbed 32%. Constellation Brands net climbed 93%. Forest Lab agreed to acquire Aptalis Holdings from TPG Capital for $2.9 billion in cash. Monsanto profit climbed 8.5% and sales rose 7%. RPM Intl net soared 53%.

U.S. Stocks Struggle, Forest to Buy Aptalis Pharma for $2.9 B

Nichole Harper
08 Jan, 2014
New York City

Stocks on Wall Street eased ahead of jobs report and earnings releases later in the week. Forest Labs agreed to acquire Aptalis Pharma for $2.9 billion in cash. European Union

Europe Earnings: Air France KLM, Sainsbury, Mothercare, Kion, Persimmon

Nigel Thomas
08 Jan, 2014
New York City

Air France Klm said passenger traffic in December rose 3%. Sainsbury third-quarter sales grew 2.7%. Mothercare group sales declined 6%. Goldman Sachs and KKR sold 10.8% Kion stake. Persimmon revenue in the year soared 21%.

Topix Index at 5-Year High in Tokyo, Yen Slides to 105

Hiruki Nakamura
08 Jan, 2014
New York City

The broader Topix index increased the most in five months and closed at a five-year high. The yen edged lower 0.4% for the second day in a row. Nintendo surged 11% after China lifted a decade-old ban. Seven & I jumped 6%. FamilyMart gained 3%.

Australian Job Vacancies Fall, Housing Construction Slows

Marcus Jacob
08 Jan, 2014
New York City

Australian job vacancies declined 0.3% in three months to November and dropped 14.9% from a year ago period. Residential construction recovery slowed in December. E*Trade in Australia reported annual profit.

India Movers: Videocon Sells Mozambique Gas Stake for $2.5 Billion

Mukesh Buch
08 Jan, 2014
New York City

Aban Offshore secured contract worth Rs 380 crore. Maruti said auto production in December declined 7%. Omax Autos plans to consolidate four subsidiaries. Prestige Estates sales soared 25%. Titagarh divested its entire stake in Barrackpore Enterprises.

Stocks on Wall Street Advance Ahead of Earnings Season

Nichole Harper
07 Jan, 2014
New York City

Stocks on Wall Street advanced after falling for three days in a row and the dollar gained against the Canadian dollar and the euro. U.S. trade deficit declined to a 4-year low and the Canadian trade deficit widened. German unemployment dropped and the euro-area inflation slowed.

U.S. Trade Deficit Falls to 4-Year Low

Nigel Thomas
07 Jan, 2014
New York City

U.S. trade deficit declined to the lowest since fall 2009 on falling petroleum imports and rising exports in November.

Volatile Nikkei Plunges 2.4%, Fast Retailing Drops 6%

Hiruki Nakamura
06 Jan, 2014
New York City

Nikkei in Tokyo dropped sharply and the yen continued its weakness against the dollar and the euro. Fast Retailing declined 6% on lower than expected increase in same store sales in December.

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