Market Update

U.S. Movers: Best Buy, Campbell Soup, Home Depot, Medtronic, TJX

Mukesh Buch
19 Nov, 2013
New York City

Best Buy plunged 9% on margin worries in holiday season. Campbell Soup net plunged 30%. Dicks Sporting net grew 4%. Home Depot net surged 43% as comparable sales climbed. Medtronic net soared 40%. Salesforce.com net loss narrowed. TJX net surged 35%.

Europe Earnings: Afren, easyJet, Enterprise Inns, ITV, Intertek, TUI Travel

Nigel Thomas
19 Nov, 2013
New York City

Afren climbed on encouraging test oil drilling results. easyJet profit surged 56% as revenue climbed 11%. Enterprise Inns net swung to a loss. ITV said total revenue jumped 6%. Intertek agreed to acquire Architectural Testing for

Investors in Tokyo Focus on Chinese Reform Details

Hiruki Nakamura
19 Nov, 2013
New York City

Stocks in Tokyo declined and investors focused on the details of the latest Chinese reforms. The People

RBA Hints Australian Rates on Hold

Marcus Jacob
19 Nov, 2013
New York City

Reserve Bank of Australia in its latest minutes of meeting noted rates are likely to be on hold in the near future and said recent rates cuts are having desired impact on the economy. However, the central bank noted rising home prices across the nation and said inflation is within its target range.

India Movers: BHEL, IPCA Lab, Jet Airways, NTPC, Power Grid

Mukesh Buch
19 Nov, 2013
New York City

BHEL secured contract worth Rs 1,300 crore from NTPC. FT India sold its stake in ICE Singapore Holdings for $150 million. NTPC terminated its Rs 700 crore contract with the Italy-based company. Power Grid

U.S. Indexes Extend Gains in Record Zone

Nichole Harper
18 Nov, 2013
New York City

Stocks extended advance and market indexes traded in a record territory. S&P 500 index extended yearly gain to 26.3% and the Nasdaq index flirted near 32%. Market indexes in Europe and Asia advanced. Fertilizer stocks were in focus after Prokhorov gained full control of Uralkali.

U.S. Movers: Advent Intl, Boeing, CareFusion, Tyson Foods, T-Mobile US

Mukesh Buch
18 Nov, 2013
New York City

Advent Intl intended to acquire Dutch software maker Unit4 NV for $1.58 billion. Boeing secured $100 billion of orders based on listed price from Emirates Airline. CareFusion agreed to acquire Vital Signs of GE Healthcare for $500 million. Tyson Foods net surged 40%.

Sony Sells 1 Million PS4 Units on Launch, Misawa Homes Plunges

Hiruki Nakamura
18 Nov, 2013
New York City

Sony sold more than one million PS4 game console on the first day of launch in the U.S. and Canada. Misawa Homes plunged after it found defective construction at 1,619 homes. Pigeon Corp and Unicharm soared after China relaxed one-child policy.

Europe Earnings: Aberdeen, Aveva, Korian, Petrofac, Sanofi, Sonova

Nigel Thomas
18 Nov, 2013
New York City

Aberdeen Asset agreed to acquire Scottish Widows for

Saputo in Lead to Acquire Australian Based WAB, Elders Loss Widens

Marcus Jacob
18 Nov, 2013
New York City

Australian stocks eased and banks led the decliners. The ACCC lost its mortgage price fixing case against ANZ in a federal court that was alleged in 2004. Elders Limited said full-year loss widened. WAB board supported a takeover offer from Canadian suitor.

India Movers: Glaxo, Jaiprakash, Natco, Reliance Infra, Suzlon

Mukesh Buch
18 Nov, 2013
New York City

Amara Raja net surged 35% after sales climbed 12%.Glaxo plan to invest

U.S. Movers: Agilent, Kimberly-Clark, Maximus, Vanda Pharma

Mukesh Buch
15 Nov, 2013
New York City

Agilent Technologies net tumbled 50% and expects separation in to two companies as early as November 2014. Kimberly-Clark plans to spin-off its $1.6 billion health care business. Maximus net climbed 50% as revenue from health segment jumped 49%.

Yellen Policy Commitment Supports Markets Advance, Import Price Index Falls

Nichole Harper
15 Nov, 2013
New York City

U.S. stocks extended gains and broader indexes advanced to new highs as Fed Chairman nominee Janet Yellen supported the easy monetary policy continuation. Import price index in October declined at the fastest pace in a year. Euro zone inflation dips to annual rate of 0.7%.

Europe Earnings: Vivendi Profit Declines, Iliad Revenues Rise 15%

Nigel Thomas
15 Nov, 2013
New York City

Enquest plans to invest

Nikkei Extends Weekly Surge to 7.7%; Sony, Nintendo, Dai-Ichi in Focus

Hiruki Nakamura
15 Nov, 2013
New York City

Stocks in Tokyo surged and the Nikkei soared 7.7% in the week after the yen weakened and closed above 100 mark. Sony gained ahead of its launch of PlayStation 4 in the U.S. and Nintendo reported a surge in game console U.S. sales in October. Dai-Ichi first-half sales and earnings soared.