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France and Spain Miss Deficit Targets, Philips Net Falls 12%

Jeffrey Gogo
22 Apr, 2013
New York City

European markets extended gains for the second day in a row following the sustained rise in Asian markets. The euro firmed against the dollar and the yen. UK plans to sell its stake in Urenco that may fetch as much as

ABB to Buy Power-One for $1 B, Nestle Sales Up 5.4%

Nigel Thomas
22 Apr, 2013
New York City

ABB agreed to acquire Power-One for approx $1 billion. Betfair rejected takeover bid of

India Movers: MindTree Net Jumps 14%, Wipro Drops on Outlook

Mukesh Buch
22 Apr, 2013
New York City

MindTree fourth quarter jumped 14%. Tata Elxsi net profit fell 1.5%. UltraTech net slid 2.6%. Wipro plunged on weak revenue outlook and fourth quarter climbed 17%.

Nikkei at 5-Year High After 1.9% Surge, Yen Slides Near 100-Mark

Hiruki Nakamura
22 Apr, 2013
New York City

The Nikkei index in Tokyo jumped 1.9% to reach a new 5-year high and the yen dropped near 100-mark after G20 ministers avoided criticizing the latest monetary easing by the Bank of Japan. Investors are targeting the Nikkei at 14,000 before the year-end.

Australian Stocks in 2-Day Rally, Dollar Drifts Lower

Marcus Jacob
22 Apr, 2013
New York City

Australian indexes built on the early morning gains to close higher for the second day in a row but iron ore prices trended near the low of the year. Australian dollar was one penny shy from the low of the year. OZ Minerals plunged 10% on lowered copper deposit estimates.

Nasdaq Jumps 1.2% on Google, Microsoft Earnings; GE Trims Outlook

Nichole Harper
19 Apr, 2013
New York City

Tech heavy Nasdaq led the market indexes on Wall Street with a surge of 1.2%. Earnings dominated trading sentiment after Google and Microsoft reported better than expected earnings and IBM fell short of expectations.

G20 Avoids Criticizing Yen Weakening, Nikkei Advance Resumes

Hiruki Nakamura
19 Apr, 2013
New York City

Markets in Tokyo advanced after Finance Minister Aso said G20 minister failed to criticize stimulus and the yen weakening. The yen is likely to weaken further and market indexes are expected to rise in the next two weeks as the earnings season gather momentum.

U.S. Movers: GE, Google, Honeywell, Kimberly-Clark, IBM, Microsoft

Mukesh Buch
19 Apr, 2013
New York City

GE first quarter net soared 14% but highlighted weak economic environment in Europe. Google net surged 16% and Honeywell net slid. Net income at IBM fell 1%. Microsoft third quarter net climbed 19% and Schlumberger first quarter net declined 3% to $1.3 billion.

European Markets Rebound in Volatile Weekly Trading

Jeffrey Gogo
19 Apr, 2013
New York City

Financial markets across the European Union rebounded with a lift in resource stocks. Commodities stabilized at the end of a volatile week but weak global market outlook overshadowed market trading. Banks are ahead of schedule to repay a portion of loans from the European Central Bank next week.

Australian Markets Halt Slide, Weekly Loss of 1.6%

Marcus Jacob
19 Apr, 2013
New York City

Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.

L'Oreal Quarterly Sales Jump 5%, SAP Net Surges 17%

Nigel Thomas
19 Apr, 2013
New York City

L''''Oreal said first quarter revenue jumped 5.1% to

Wall Street Slides on Revenue Misses at Morgan Stanley, Ebay, American Express

Nichole Harper
18 Apr, 2013
New York City

U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.

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