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Stocks Struggle in New York, European Markets Fall 1%

Nichole Harper
27 Mar, 2013
New York City

Market indexes on Wall Street opened lower and slowly recovered near flat line. Italian politicians struggled to form a new governing coalition and European sentiment index showed a weakness. Bank of England said U.K. banks need to raise $38 billion.

U.S. Movers: Landec, Lindsay, Mattress Firm, PFSweb, Saic, UniFirst

Mukesh Buch
27 Mar, 2013
New York City

Landec third quarter net edged up and Lindsay second quarter net surged 52%. Mattress Firm fourth quarter net plunged 56% and PFSweb net declined 14.2%. Saic net income swung to $182 million profit.

Europe Movers: Belgacom, Mediaset, TDC, Safran

Nigel Thomas
27 Mar, 2013
New York City

Belgian government plans to sell stakes in Belgacom and BNP Paribas to reduced budget deficit. Mediaset said loss for 2012 swung to

Nikkei Advances in Choppy Trading, Daiei Plunges 9% on Aeon Offer

Hiruki Nakamura
27 Mar, 2013
New York City

Market indexes in Tokyo pared gains as stocks in the indexes traded ex-dividend. Real estate linked companies led the gainers on the hopes that the central bank will act soon to revive inflation. Aeon plans to raise its stake in retailed Daiei to 40% at lower than expected offer price.

Australian Indexes Rise 1%, Qantas Wins Final Approval for Emirates Alliance

Hiruki Nakamura
27 Mar, 2013
New York City

Australian markets rebounded and financials and resource stocks gained on the back of world markets advance. Qantas won final regulatory approval for its alliance with Dubai based Emirates. QBE said it is in track to meet its financial targets as the restructuring continues.

Durable Orders and Housing Data Fuel Optimism on Wall Street

Nichole Harper
26 Mar, 2013
New York City

Stocks on Wall Street opened sharply higher after mixed reports on housing markets and better than expected increase in durable goods orders. Investors bid up stocks after a string of positive economic data in the U.S. and overlooked the ongoing Cyprus saga.

U.S. Movers: Focus Media, Gordmans, Neogen, Turquoise Hill, Children's Place

Mukesh Buch
26 Mar, 2013
New York City

AuRico Gold fourth quarter net swung to $134.4 million loss. Focus Media net surged more than doubled. Gordmans net plunged 23% and Neogen third quarter net climbed 27%. Turquoise Hill quarterly net loss widened.

Nikkei Faces Cyprus Headwinds, Kuroda Vows to Purchase More Bonds

Hiruki Nakamura
26 Mar, 2013
New York City

Stocks in Tokyo traded lower bucking the market advance in Shanghai and in Mumbai. Bank of Japan Governor Kuroda said he is prepared to add more government bonds with longer maturities and scrap self-imposed rule to limit asset purchase.

Australian Markets Ease; Transfield, Kathmandu in Focus

Marcus Jacob
26 Mar, 2013
New York City

Australian market indexes declined and iron ore and other commodities prices edged lower but the dollar advanced. Transfield won a contract linked to the national broadband network project. Kathmandu six-month net soared.

Europe Movers: Bellway, Kazakhmys, Kingfisher, Resolution, Wolseley

Nigel Thomas
26 Mar, 2013
New York City

Bellway said profit for the first half surged 51% and Kazakhmys said loss for the year swung to $2.27 billion. Kingfisher annual profit dropped 12% to

India Movers: Bharti Airtel, Educomp, L&T, MTNL, Suzlon, TCS

Mukesh Buch
26 Mar, 2013
New York City

Bharti Airtel is set to raises $250 million through dollar bonds. Educomp sold 50% stake sale in Eurokids International. L&T plan to buy 50% stake in Future Generali from Pantaloon. Suzlon raised $650 million to restructure debt holdings.

Cyprus to Shrink Banking Sector, Levy 40% Tax on Uninsured Deposits

Nigel Thomas
25 Mar, 2013
New York City

Cyprus struck a late night deal in Brussels with European lender that will effectively shrink its banking sector and shift the cost of bailout to larger uninsured depositors and close its second largest banks.

U.S. Movers: Apollo Group, Best Buy, Cascade, Dollar General

Mukesh Buch
25 Mar, 2013
New York City

Apollo Group second quarter net plunged 79%. Best Buy co-founder Richard Schulze has returned as chairman emeritus. Cascade fourth quarter net tumbled 57%. Dollar General fourth quarter net surged 9% to $317.4 million.

Wall Street Extends Global Markets Advance on Cyprus Deal

Nichole Harper
25 Mar, 2013
New York City

Stocks on Wall Street advanced and extended gains in European markets after Cyprus and European lenders struck a deal and averted a crisis in the euro zone. Dell received two alternative proposals from Blackstone Group and investor Carl Icahn. Apollo Group soared 10% on better than expected results.

Europe Movers: Centrica, Schroders, TNT Express

Nigel Thomas
25 Mar, 2013
New York City

Centrica agreed to buy natural gas from Cheniere worth

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