ticker

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.

BoJ Left Bond Purchase Plan Intact and Lifted Inflation Expectation Outlook

Hiruki Nakamura
20 Dec, 2013
New York City

Stocks in Japan closed higher and extended weekly gain to 3% and the yen eased and fell below 104 against one dollar. Bank of Japan kept its plan to expand monetary base intact and said inflation expectations are rising.

U.S. Movers: Accenture, ConAgra, Pier 1, Scholastic, Rite Aid

Mukesh Buch
19 Dec, 2013
New York City

Accenture net climbed 10%. ConAgra net jumped 18% and revenue soared 27%. Darden net plunged 41% but sales jumped 5%. Pier 1 Imports net rose 5%. Scholastic net dropped 6%. Rite Aid net surged 16% and extended agreement with GNC through 2019.

Telstra Sells CSL in Hong Kong for $2.4 Billion, Australian Indexes Rise

Marcus Jacob
20 Dec, 2013
New York City

Australian stocks extended gains and closed up 3.3% in the week. Ahead of holiday week, trading volume surged and resource and bank stocks led the gainers. Telstra Agreed to sell its Hong Kong based mobile business CSL for $2.43 billion.

U.S. Movers: AAR, Carnival, Navistar, Nike, Red Hat, TIBCO, Walgreen

Mukesh Buch
20 Dec, 2013
New York City

AAR net climbed 12%. CarMax net soared 12%. Cintas profit jumped 9% and sales increased 8%. Nike net surged 40% after revenue rose 8%. Red Hat net soared 49% as revenue jumped 15%. TIBCO tumbled 14%. Walgreen net jumped 5%.

Europe Earnings: AstraZeneca, BAE, Deutsche Bank, G4S, Uralkaliy

Nigel Thomas
20 Dec, 2013
New York City

AstraZeneca agreed to buy diabetes-treatment business from Bristol-Myers for $4.1 billion. BAE confirmed

India Movers: Bajaj, Just Dial, Maruti Suzuki, IDFC, RIL, Welspun

Mukesh Buch
20 Dec, 2013
New York City

Bajaj Electricals estimated Rs 5,000 crore sales in fiscal 2014. Maruti Suzuki rose after its parent in Japan plans to increase its holding. IDFC reduced foreign holding to secure a banking license.

Fed Tapering Lifts Indexes; Facebook, Zuckerberg to Sell $4 Billion of Stocks

Nichole Harper
19 Dec, 2013
New York City

Stocks on Wall Street eased after a rally in the previous session. The Fed

Nikkei Extends Rally on the Fed's Gradual Withdrawal

Hiruki Nakamura
19 Dec, 2013
New York City

Nikkei in Japan soared following the Fed announcement of gradual tapering plan and low interest rate for two more years. The clarity form the U.S. Fed lifted market sentiment. Tokyo Electron estimated net loss on the write down of its solar business.

Australian Markets Jump 2% After Fed Announcement

Marcus Jacob
19 Dec, 2013
New York City

Australian indexes soared more than 2% following the Fed announcement of a gradual reduction in its huge bond purchase program and clarity on low interest rates for two more years. Cove-More Group Limited, travel insurer priced its initial public offering at $2 a share.

Market Update