ticker

U.S. Budget Negotiations Distract Investors, J.C. Penney Plunges 11%

Nichole Harper
27 Sep, 2013
New York City

Broader market indexes extended losses for the seventh day as U.S. lawmakers debate to avoid government shutdown. Market watchers are expecting politicians to strike a last minute deal but a prolonged government closure will trim economic growth. J.C. Penney plans 96 million share offering.

Europe Earnings: Balfour Beatty, Countrywide, Harvey Nash, Royal Mail Group

Nigel Thomas
27 Sep, 2013
New York City

Balfour Beatty secured an order worth

Energy Prices Drive Inflation in Japan, Panasonic to Sell Healthcare Unit

Hiruki Nakamura
27 Sep, 2013
New York City

Market indexes in Tokyo closed lower and the latest data on inflation showed a slight uptick on higher energy prices. Panasonic Corp is close to selling at least 75% of its healthcare unit to KKR for $1.5 billion.

Australian Indexes at a New 5-Year High

Marcus Jacob
27 Sep, 2013
New York City

Australian market indexes closed above 5,000 and gained for the seventh week in a row. Australian budget deficit was lower than previous estimated at $18.8 billion but the deficit is estimated to surge above the $30 billion estimate. Mirabel Nickel plunged after losing a major customer.

U.S. Growth at 2.5%, Weekly Jobless Claims Fall

Nichole Harper
26 Sep, 2013
New York City

Market indexes on Wall Street advanced despite the ongoing uncertainty about the possible government shutdown as early as next week. eBay agreed to acquire payment processing platform services provider Braintree for $800 million. U.S. second quarter growth rate estimate was unrevised at 2.5%.

U.S. Movers: Bed Bath, eBay, Hertz Global, H.B. Fuller, Jabil Circuit

Mukesh Buch
26 Sep, 2013
New York City

Bed Bath & Beyond net surged 15%. eBay agreed to acquire Braintree for $800 million in cash. Ferrellgas loss narrowed and Hertz Global plunged after weak full-year guidance. H.B. Fuller net jumped 6% as revenue grew 3%. Jabil Circuit profit surged 53%. McCormick reported flat net.

Europe Earnings: Colruyt, H & M Hennes, Ladbrokes, Mapfre, Vestas Wind

Nigel Thomas
26 Sep, 2013
New York City

Colruyt lowered full-year outlook. H & M Hennes said profit for the quarter soared 22%. Ladbrokes cuts its operating profit outlook in digital division. Bankia sold 12% stakes in Mapfre for a gain of

Nikkei in Tokyo Rebounds to Close Up 1%, Advantest Plunges 4%

Hiruki Nakamura
26 Sep, 2013
New York City

Market indexes in Tokyo staged a turn around after falling as much as 1% in a volatile and listless trading. Shipping companies surged more than 3% and banks advanced more than 1%. Lixil Group soared 4% on a deal to buy Germany based Grohe. Advantest plunged on the third annual loss forecast.

Lixil of Japan to Buy Grohe in Germany for $4 Billion

Hiruki Nakamura
26 Sep, 2013
New York City

Lixil Group Corp and Development Bank of Japan agreed to acquire sanitary fixtures maker Grohe Group for 3.06 billion euros or $4.1 billion.

Australian Job Vacancies Fall, Sonic Healthcare to Buy Germany Based Labco

Marcus Jacob
26 Sep, 2013
New York City

Australian job vacancies declined 3.7% in the quarter to August. Australian market indexes rebounded in the afternoon traded and closed below 1% of its five-year high reached last week. Sonic Healthcare acquired Germany based Labco for $110 million.

U.S. Stocks Struggle as Debt Ceiling Talks Drag, New Home Sales Rise

Nichole Harper
25 Sep, 2013
New York City

U.S. stocks shrugged off early weakness and rebounded after falling for three days in a row as lawmakers debate terms of debt ceiling limit. U.S. Treasury Secretary estimated government cash will drop to $50 billion in three weeks.

U.S. Movers: AutoZone, Applied Materials, Clovis, Carnival, Stryker

Mukesh Buch
25 Sep, 2013
New York City

AutoZone net surged. Ascena Retail surged after profit climbed on higher sales. The merger between Applied Materials and Tokyo Electron will create the largest chipmaker with $29 billion in sales. Clovis plunged. Carnival net plunged 30%. Stryker agreed to acquire MAKO Surgical for $1.65 billion.

Market Update