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Glencore Sells Peru Mine for $5.85 B, Symrise in

Nigel Thomas
14 Apr, 2014
New York City

Glencore Xstrata sell its stake in the Las Bambas copper mine to China-based Minmetals for $5.85 billion in Peru. Kuehne & Nagel net climbed 12% but sales fell 1%. Marine Harvest said production increased. Symrise offered to buy Diana Group for in a

U.S. Retail Sales Rise 1.1%, Ukraine Tensions Rise

Nichole Harper
14 Apr, 2014
New York City

U.S. stocks advanced and retail sales rose more than expected in March, TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion. Euro zone industrial production edged up 0.2% in February. Tensions in Europe rose after violence in Ukraine intensified.

TIAA-CREF to Acquire Nuveen Investments for $6.25 Billion

Devan Biswas
14 Apr, 2014
New York City

Financial services provider TIAA-CREF agreed to acquire Nuveen Investments for $6.25 billion, including debt.

Nikkei and Asian Markets Decline

Hiruki Nakamura
14 Apr, 2014
New York City

Nikkei index in Tokyo extended losses as markets across Asia declined. The yen gained and exporters and auto makers extended weekly losses. Aderans Co Ltd gained after the retailer reported earnings and sales soared.

Australian Markets Extend Losses, Westfield to Split Businesses

Marcus Jacob
14 Apr, 2014
New York City

Australian and Asian markets declined after a weakness in tech stocks in the region. Westfield takes steps to split its domestic and international businesses. QBE Insurance Group is looking for ways to restructure its U.S. underwriting business.

Weekly Drop of 2% in S&P 500; JPMorgan, Wells Fargo Earnings Diverge

Nichole Harper
11 Apr, 2014
New York City

Stocks on Wall Street struggled and the S&P 500 index extended the decline to 2.2% in the week. The index had rallied more than 8% in the month to April 2. JPMorgan net declined on weak fixed-income trading. Wells Fargo net topped estimates. Coldwater Creek plans liquidation.

JPMorgan Net Drops, Wells Fargo Profit Jumps

Mukesh Buch
11 Apr, 2014
New York City

Fastenal net rose 3% but sales climbed 9%. JPMorgan net plunged 19%. Pier 1 profit tumbled 31% after sales declined 6.5%. Shaw Communications net soared 22%. Wells Fargo net climbed 14% and revenue declined 8%.

Gloom in Tokyo Trading Deepens; Toyota, SoftBank, Fast Retailing Drop

Hiruki Nakamura
11 Apr, 2014
New York City

Market indexes in Tokyo extended losses in the week and two widely followed indexes plunged around 7%. Toyota declined for the seventh day in a row. Fast Retailing extended plunge to 13% in the week on profit warning. SoftBank Corp, Komatsu Ltd and Aisin Seiki Corp led decliners.

Europe Earnings: Bauer, Givaudan, Kaufman, Restaurant Group, Volkswagen

Nigel Thomas
11 Apr, 2014
New York City

Bauer net in the year swung to a loss

Australian Indexes Drop 0.9%, New Lending Contracts Ease 0.7%

Marcus Jacob
11 Apr, 2014
New York City

Australian indexes dropped 0.9% but closed up 0.1% in the week on improving economic news and rising commodities prices. Total new lending contracts in February declined 0.7%. Home loans commitment increased 1.9%. Australian dollar advanced.

India Movers: NMDC, Maruti, Ratnamani Metals, Shilpa, Tata Motors

Mukesh Buch
11 Apr, 2014
New York City

NMDC gained after production and dispatches update for the year. Ratnamani Metals secured two orders valued Rs 412 crore. Tata Motors launched a modified version of the crossover vehicle Aria.

Bed Bath & Beyond, Chevron and Family Dollar Drop

Mukesh Buch
10 Apr, 2014
New York City

Bed Bath & Beyond net declined 11% and sales dropped 6%. Costco net sales climbed and comparable sales jumped 5%. Family Dollar net plunged 35% after sales dropped 7%. L Brands comparable sales in March fell 1%. iGATE profit dropped 9%. Rite Aid net tumbled 54%.

Europe Earnings: Carrefour, LVMH, Marks and Spencer, Rolls-Royce, Tryg

Nigel Thomas
10 Apr, 2014
New York City

Carrefour said revenue in the first-quarter dropped 4% to

Tech Selloff Deepens on Wall Street, Greece Returns to Bond Market

Nichole Harper
10 Apr, 2014
New York City

Stocks on Wall Street turned lower led by the weakness in tech stocks for the fifth day. Initial claims of jobless benefits declined to the lowest level in seven years. Greece returned to bond market after four years of exile. China

Stocks in Tokyo Extend Weakness to Fifth Day, Fast Retailing Trims Outlook

Hiruki Nakamura
10 Apr, 2014
New York City

Market indexes in Tokyo trading remained weak and the yen gained against the U.S. dollar. Toyota declined 2.4% after issuing a global recall of 6 million vehicles. Fast Retailing lowered its annual earnings outlook on higher costs and weaker domestic demand.

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