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Market Update

Europe Earnings: Monte Paschi, EADS, Outotec, Sanofi, Vedanta

Nigel Thomas
30 Dec, 2013
New York City

Monte Paschi investors postponed the rights offer to raise

U.S. Movers: DeMet's Candy, GM, Molycorp, SunGame, Textron, W.P. Carey

Mukesh Buch
27 Dec, 2013
New York City

DeMet''s Candy agreed for acquired by Yildiz Holdings for $221 million. GM

Europe Earnings: Electrawinds, Evraz, International Personal Finance, Vestas

Nigel Thomas
27 Dec, 2013
New York City

Electrawinds won a court approval to negotiate with creditors for its subsidiary. Evraz sold its iron ore assets in Russia. International Personal Finance fined by Polish Office of Consumer Protection. Vestas Wind won fourth contract in a week.

U.S. Movers: eBay, Scientific Protein, T-Mobile, UPS

Mukesh Buch
26 Dec, 2013
New York City

eBay sales climbed 10% from Thanksgiving through December 22. Scientific Protein Laboratories agreed to acquire by China-based Shenzhen Hepalink for $337.5 million in cash. Softbank looks to raise financing to acquire T-Mobile. UPS and FedEx struggle to deliver packages.

U.S. Weekly Jobless Claims Drop, U.K. Boxing Day Retail Traffic Surges

Nichole Harper
26 Dec, 2013
New York City

U.S. market indexes advanced and weekly jobless claims declined. Markets in Europe were closed and British discount shops saw a surge in traffic on Boxing Day. Reserve Bank of India is likely to pursue other measures than interest rate management to combat elevated inflation.

New Home Sales Ease but Near 5-Year High, Durable Orders Rise 3.5%

Nichole Harper
24 Dec, 2013
New York City

U.S. stocks extended gains during short trading session. Durable goods orders increased 3.5% in November and new home sales fell 2.1% but average home price increased to a record high.

U.S. Movers: CalAmp, Ennis, ImmunoCellular, InterDigital, Westmoreland Coal

Mukesh Buch
24 Dec, 2013
New York City

CalAmp revenue soared 43% but net rose modest 1%. Ennis net surged 51% on sales increase of 6%. ImmunoCellular soared on encouraging cancer drug test results. Westmoreland Coal agreed to acquire coal mining operations of Sherritt Intl Corp for $435 million.

Europe Earnings: Bankia, Boskalis, Lagardere, Rio Tinto, Segro

Nigel Thomas
24 Dec, 2013
New York City

Bankia sold its stakes in private-equity firms. Boskalis

U.S. and World Markets Advance

Nichole Harper
23 Dec, 2013
New York City

U.S. and world markets extended gains and gold and crude oil declined. U.S. household spending increased and consumer confidence index also advanced. China Mobile will begin selling Apple made phone.

U.S. Movers: Jos. A. Bank, Piedmont Natural Gas, Seagate, Tiffany, Target

Mukesh Buch
23 Dec, 2013
New York City

Jos. A. Bank Clothiers rejected acquisition offer from Men''''s Wearhouse. Piedmont Natural Gas net climbed 12%. Regency Energy agreed to buy midstream business of Eagle Rock Energy for $1.3 billion. Seagate agreed to acquire Xyratex for $374 million.

Japan's Targets Budget Borrowing to Drop to 43%

Hiruki Nakamura
23 Dec, 2013
New York City

Government in Japan planned for higher tax revenues from rising corporate taxes and higher sales tax and revenues bonds to pay for 43% of total spending, lower than 46.3% in the current fiscal year that ends in March.

Europe Earnings: ARM Holdings, Prada, Siemens, Swatch, Serco

Nigel Thomas
23 Dec, 2013
New York City

ARM Holdings rose after China Mobile announced its plan to sell Apple iPhone from next month. Prada said revenue climbed 10% to

Australian Indexes Extend Gains; Boart, Syrah Surge

Marcus Jacob
23 Dec, 2013
New York City

In light trading, Australian market indexes extended gains. Three companies completed public offerings. Boart Longyear surged 15% after the company reaffirmed its earnings outlook. Syrah Resourced won a 25-year mining license in Mozambique.

India Movers: Andhra Bank, HCCL Il&Fs, Kotak, Yes Bank

Mukesh Buch
23 Dec, 2013
New York City

Hindustan Construction won a contract worth Rs 1,597 crore for power project in Uttrakhand. Il&Fs awarded a joint venture contract worth Rs 144.65 crore for a railway project. Qatar Investment is in talk with Kotak Realty Fund to invest $200 million.

Stocks Surge After U.S. Growth Rate Revised to 4.1%

Nichole Harper
20 Dec, 2013
New York City

U.S. revised its third quarter economic growth estimate to 4.1%, the strongest increase in nearly two years but underlying rate of growth remained at 2.5%. Global markets surged and extended yearly gains and the dollar strengthened.