ticker

Europe Earnings: Andritz, Old Mutual, Pearson, Rightmove

Nigel Thomas
28 Feb, 2014
New York City

Andritz net plummeted 73% but the new and backlog of orders surged. Old Mutual net tumbled 33% to

Nikkei in Tokyo Slips, Japan Post Unveils Investment Plan

Hiruki Nakamura
28 Feb, 2014
New York City

Stocks in Tokyo edged lower and the Nikkei closed down 0.2% for the week and fell 0.9% in the month. Itochu, the first Japanese company took a stake in water utility in Spain. Japan Post unveiled an investment plan for the next three years.

Earnings Lift Australian Indexes 4% in Feb, Woolworths Up 6%

Marcus Jacob
28 Feb, 2014
New York City

Australian stocks struggled for the second day after the release of weak capital spending outlook. However, better than expected earnings lifted the indexes by 4% in February. Woolworths reported best first-half year results in three years and lifted full-year outlook.

India Movers: Bharti Airtel, Bosch, L&T, M&M, Tata Power, Titan

Mukesh Buch
28 Feb, 2014
New York City

Bharti Airtel fined $4 million by the Nigerian telecom regulator. Bosch net declined 19%. L&T won new orders worth Rs. 5,220 crore. M&M profit fell 2% but revenue jumped 8%. Tata Power sells its 30% stake in Indonesia based power subsidiary. Tech Mahindra acquired BASF IT.

Yellen Comments Lift Sentiment, Durable Goods Orders Fall 1%

Nichole Harper
27 Feb, 2014
New York City

U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000.

Yen Advances 0.3%, Sony Electronics to Cut One Third Staff

Hiruki Nakamura
27 Feb, 2014
New York City

Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs.

Best Buy, Mylan, Sears Jump; Hilton Slips

Mukesh Buch
27 Feb, 2014
New York City

Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl''s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed.

Australian Capital Spending Falls 5.2%, Qantas Cuts 5,000 Jobs

Marcus Jacob
27 Feb, 2014
New York City

Australian stocks declined after December quarter capital investment fell more than expected 5.2%. The spending is expected to fall further in the current quarter. Qantas confirmed its plan to trim 5,000 jobs.

Europe Earnings: Allianz, GDF Suez, RBS, Telefonica, Veol

Nigel Thomas
27 Feb, 2014
New York City

Allianz net surged 14.6% to

Dollar Tree, Heico, Lowe

Mukesh Buch
26 Feb, 2014
New York City

Chesapeake net swung to a loss. Dollar Tree net dropped 7%. Heico profit surged 38% on 23% rise in sales. Lowe

New Home Sales Rise 9.6%, U.S. Indexes Flirt with New Highs

Nichole Harper
26 Feb, 2014
New York City

U.S. new home sales increased to a six-year high annualized rate. Retailers were in focus after Target Corp reported better than expected earnings. TJX announced a $2 billion share buyback program. First Solar plunged on earnings decline. DreamWorks Animation sales plunged 23%.

Europe Earnings: Ferrovial, Henderson, ITV, Jeronimo Martins, Weir

Nigel Thomas
26 Feb, 2014
New York City

Ferrovial net jumped 5% to

Stocks in Tokyo Pause, Panasonic and Tesla in Battery Venture

Hiruki Nakamura
26 Feb, 2014
New York City

Stocks in Tokyo paused and investors focused on the yen weakness. Panasonic Corp soared after the company plans to build electric batteries for Tesla Motors Inc. The gained 0.3%.

Australia Offers Farmers Assistance Package, Lend Lease Net Drops 16%

Marcus Jacob
26 Feb, 2014
New York City

Australian indexes closed higher led by a rise in banks and insurance companies. Prime Minister Tony Abbott announced a $320 million assistance package for drought affected farmers. Lend Lease first-half profit declined 16% but offered positive outlook.

India Movers: BHEL, Clariant Chemicals, CARE, Jindal Poly, Sanofi India

Mukesh Buch
26 Feb, 2014
New York City

BHEL secured a contract worth Rs 321 crore for hydro electric project in Punjab. Clariant Chemicals fell after net swung to a loss. CARE key shareholders struggle to sell their stakes. Jindal Poly Films net swung to a profit. Sanofi India net surged 107%.

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