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Multi-family Home Construction Surges, Gold Rebounds 2.5%

Nichole Harper
16 Apr, 2013
New York City

Market indexes in New York rebounded after housing starts surged 7% in March led by a 31% surge in multifamily construction. Gold rebounded 2.5% a day after plunging 9.4%, the single largest one day decline in 33 years.

U.S. Movers: Citigroup, Dish Network, M&T Bank, Charles Schwab

Mukesh Buch
15 Apr, 2013
New York City

Citigroup first quarter net soared 31% to $3.8 billion. Dish Network bid of $25.5 billion for Sprint Nextel. First Republic and M&T Bank first quarter net surged 11%. Thermo Fisher offers $13.6 billion for Life Technologies. Charles Schwab net climbed 6%.

Europe Movers: Betfair, EADS, Henkel, KT Corp, Ladbrokes, Saras

Nigel Thomas
15 Apr, 2013
New York City

Betfair ignored press speculation of CVC buy out offer. EADS buy back 1.56% stake from French state. Henkel said large acquisitions are not ruled out. KT Corp dropped bid for Vivendi

Nikkei Drops 1.6%, U.S. Urges to Refrain from Yen Devaluation

Hiruki Nakamura
15 Apr, 2013
New York City

Stocks in Tokyo declined after the U.S. plans to ask Japan to refrain from the measures to devalue the yen. The yen gained more than 1%. Exporters and machinery makers declined after China reported a slowdown in economic growth. Sharp plans to sell its stake in Pioneer Corp.

Weak Resource Stocks Lead Australian Indexes Lower, China Slowdown Weighs

Marcus Jacob
15 Apr, 2013
New York City

Resource sector stocks plunged after China reported a decline in economic growth and property and fixed-asset investment growth. Domestically, home loan growth increased for the first time in five months in February.

Broad Declines in European Markets On China Weakness

Nigel Thomas
15 Apr, 2013
New York City

Markets across the Europe fell sharply after China reported lower than expected economic growth, industrial output and fixed asset investments. Resource sector and market indexes in London, Paris and Frankfurt fell at least 1%.

India Movers: BHEL, DLF, Geojit, L&T, TCS, Technocraft

Mukesh Buch
15 Apr, 2013
New York City

BHEL said pre-tax profit for the fiscal year soared 92%. U.S. based Oppenheimer increased its stake in DLF to 5.18%. Geojit profit for the fiscal year surged more than three-fold. L&T acquired remaining 50% stake in L&T-Komatsu Japan. Technocraft agreed to acquire Canada based Swift.

Broad Market Declines in Europe, Cyprus Bailout Cost Jumps

Nigel Thomas
12 Apr, 2013
New York City

European markets traded lower with Germany leading the losers. The across the board sell-off was accelerated after Cyprus sought additional bailout and the worries of growing contagion to smaller nations in the euro zone.

U.S. Movers: Eli Lilly, JPMorgan, J B Hunt, LinkedIn, Shaw, Wells Fargo

Mukesh Buch
12 Apr, 2013
New York City

JPMorgan first quarter net surged 33% to $6.53 billion. LinkedIn agreed to buy news reader Pulse for $90 million. Shaw second quarter net gained 2% to $182 million. Wells Fargo second quarter net surged 23% to $4.93 billion.

Stocks Slip on Wall Street, JPMorgan Chase, Wells Fargo Revenues Fall

Nichole Harper
12 Apr, 2013
New York City

U.S. stocks traded lower after retail sales fell unexpectedly and consumer sentiment index declined to a 9-month low. JPMorgan Chase said first quarter net income increased 33% and Wells Fargo net jumped 22% but revenues fell. JC Penney seeks help to raise $1 billion.

Benckiser to Buy Master Blenders for $9.8 Billion

Nigel Thomas
12 Apr, 2013
New York City

oh. A. Benckiser agreed to buy Master Blenders for

Nikkei Logs 5.1% Weekly Rise, Yen Trades Near 100

Hiruki Nakamura
12 Apr, 2013
New York City

Stocks in Tokyo rested and the Nikkei index extended gains by 5.1% in the week. Chiyoda Corp declined after Woodside Petroleum canceled its LNG export terminal project. Fast Retailing fell after Uniqlo reported a 16% fall in operating profit.

Australian Index Finish Week Higher 2.5%, Woodside in Focus

Marcus Jacob
12 Apr, 2013
New York City

Australian stocks gained and finished the week higher after losses in the previous week. The ASX 200 index closed up 2.5%. Woodside Petroleum decided against building an onshore plant at its $45 billion LNG project in Western Australia.

India Movers: Infosys Plunges 21%, RCom Plans to Raise $800 Million

Mukesh Buch
12 Apr, 2013
New York City

Infosys plunged 21%, single largest one-day decline since 2003 on weak fourth quarter earnings and lower current fiscal year outlook. Development Credit Bank said fiscal net profit nearly doubled. RCom plan to sell stake in one of unit to raise $800 million.

European Government Bonds Benefit from BoJ Aggressive Action

Nigel Thomas
11 Apr, 2013
New York City

Government bond market yields across the euro zone dropped near 2-year low as the aggressive Japanese monetary action ripples through. Italy sold 7.2 billion euros of debt and French and Belgian government bond yields declined. Axa SA agreed to sell its U.S. based Protective Life for $1.06 billion.

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