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Weak Miners and Banks in Australia; CBA Net Jumps 3%

Mukesh Buch
17 May, 2012
New York City

Australian stocks made a feeble attempt to rebound as mining and banking stocks traded volatile. BHP walked out of a mining venture in north Queensland and said the project is unviable. Coalworks asked shareholders to reject a takeover bid.

Spain Enters Recession, Italian Economy Likely to Shrink

Arthi Gupta
17 May, 2012
New York City

The European indexes fell on the ongoing worries in Greece. Spain returned to recession in the first quarter. The International Monetary Fund estimates the Italian economy to contract this year. E.ON agreed to sell its gas transmission company to a consortium for about

U.S. Movers: Agilent Technologies, Groupon, Home Depot, Saks, TJX

Mukesh Buch
15 May, 2012
New York City

Agilent Technologies second quarter net surged 28% and lifted outlook. Groupon first quarter net loss narrowed 92% and guided second quarter revenue to increase between 40% and 50%. Home Depot first quarter net increased 28% to $1.04 billion and TJX surged 58% to $419.2 million.

U.S. Movers: Avon Products, InterOil Corp., Seadrill, Silver Wheaton

Mukesh Buch
14 May, 2012
New York City

Avon said it will respond to the takeover deal from Coty for $10.7 billion. InterOil first quarter net surged more than twelve folds and Seadrill first quarter net plunged 50% to $439 million. Silver Wheaton first quarter net increased 20% to $147.2 million.

U.S. Movers: CA, Dillard's, JPMorgan, Nvidia, Nordstrom, Sotheby’s

Mukesh Buch
11 May, 2012
New York City

CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.

U.S. Movers: ArcelorMittal, Avon, Cisco, Kohl's, News Corp., Sun Life

Mukesh Buch
10 May, 2012
New York City

ArcelorMittal first quarter net declined 928% to $11 million and Activision net dropped 24% to $384 million. Cisco third quarter net surged 20% to $2.2 billion. Coty revised its offer for Avon. Kohl''s first quarter net declined 23% to $154 million. News Corp. third quarter net soared 47% to $937 mn.

U.S. Movers: AOL, Dean Foods, Enbridge, Macy’s, Walt Disney

Mukesh Buch
09 May, 2012
New York City

AOL first quarter net surged 349% on advertising growth. Dean Foods first quarter net soared 50% and Enbridge first quarter net declined 27% to $264 million. Macy’s first quarter net surged 38% to $181 million. Walt Disney second quarter net soared 21% to $1.14 billion.

U.S. Movers: DirecTV, Electronic Arts, Fossil, Perrigo, Tenet Healthcare

Mukesh Buch
08 May, 2012
New York City

DirecTV first quarter net increased 8% to $731 million on little subscriber growth and Discovery Communications net declined 28% to $221 million. Electronic Arts fourth quarter net surged 165% to $400 million. Fossil first quarter net rose 4.2% and raise fiscal revenue outlook.

Euro Weakens, Oil and Gold Extend Losses; Greece in Focus

Bikram Pandey
16 May, 2012
New York City

U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The euro slid and oil and precious metals weakened.

U.S. Movers: Chico

Mukesh Buch
16 May, 2012
New York City

Deere & Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook.

Facebook Lifts IPO Price Range; Mixed U.S. Economic Data

Arthi Gupta
15 May, 2012
New York City

U.S. indexes climbed after retail sales rose and consumer prices remained flat in April. Facebook raised the price range of its initial public offering. Coty withdrew $10.7 billion takeover bid for Avon Products.

Europe Narrowly Avoids Recession, ThyssenKrupp, Salzgitter Warn

Arthi Gupta
15 May, 2012
New York City

The European indexes rebounded after the German economy expanded more than estimated in the first quarter. Rating agency downgraded 26 Italian banks. Greece sold

Concho, Three Rivers in $1 B Deal; Global Markets Sharply Down

Arthi Gupta
14 May, 2012
New York City

U.S. indexes edged lower on the ongoing political worries in Europe as the euro zone finance ministers discuss the Greek fallout and Greece heads for another election as early as June 17th. Concho Resources agreed to acquire oil and natural gas assets of Three Rivers for $1 billion.

Greece Heading for Elections, Indexes Slump 2%

Arthi Gupta
14 May, 2012
New York City

The European indexes slumped as Greece leaders fail to form a new government and new elections are likely in four weeks. Italy raised

UK Sentiment Slumps, Output Price Inflation Eases

Arthi Gupta
11 May, 2012
New York City

The UK indexes fell after consumer sentiment deteriorated and output price inflation slowed in April. Greece inched closer to forming a coalition government. Petrofac estimates to deliver net profit growth of at least 15% this year.

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