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Australian Business Confidence Falls, News Corp Swings to Profit

Marcus Jacob
12 Nov, 2013
New York City

Australian stocks lost early gains on a weakness in bank stocks. Business confidence index declined in October. Seven Group announced additional job cuts. News Corp swung to a quarterly profit.

India Movers: Apollo, Britannia, Godrej, Hindalco, NHPC, NACL, Shalimar

Mukesh Buch
12 Nov, 2013
New York City

Apollo Tyres net surged 45% but revenue fell 8%. Britannia profit soared 66% after sales jumped 13%.Godrej net climbed 15%. Hindalco net fell 0.6%. NHPC net declined 10%. National Aluminium profit surged. Shalimar Paints net soared 48%.

U.S. Stocks Rest After 5-Week Surge, Shire to Buy ViroPharma for $4.2 Billion

Nichole Harper
11 Nov, 2013
New York City

U.S. stocks rest after indexes advanced for five weeks in a row and the S&P 500 index has gained the best annual return since 2003. Nasdaq Composite index is up nearly 30%. Retailers were in focus ahead of earnings release this week. KKR in a $1.6 billion deal. Transocean to hike dividend.

U.S. Movers: Arkansas Best, Asos, ImmunoGen, Silver Wheaton, Shire

Mukesh Buch
11 Nov, 2013
New York City

Arkansas Best surged after quarterly net doubled. Asos said net loss in the third-quarter narrowed. ImmunoGen signed agreement with Novartis. Silver Wheaton net plunged 36%. Shire agreed to buy ViroPharma Inc. for about $4.2 billion.

Nikkei Advances 1.3%; Citizen, Marubeni, Yokogawa in Focus

Hiruki Nakamura
11 Nov, 2013
New York City

Nikkei in Tokyo surged 1.3% following a 1% decline in yen. Yokogawa Electric Corp added 6% after the chipmaker lifted its income outlook. Marubeni Corp lowered its earnings outlook. Citizens Holdings soared 7% after the watchmaker lifted annual income estimate.

Europe Earnings: Admiral, BT Group, BG Group, Lonmin, Novartis, Shire

Nigel Thomas
11 Nov, 2013
New York City

Admiral said revenue dropped 7%. BT Group secured telecast rights in

Australian Dollar, Stocks Fall; Orica Surges 11%

Marcus Jacob
11 Nov, 2013
New York City

Australian stocks closed lower and banks led the most active list in thin trading. Orica Limited soared 11% after it reported annual net income surged 49%. Elders Limited plunged 15% after it estimated a loss.

India Movers: Central Bank of India, Divi

Mukesh Buch
11 Nov, 2013
New York City

CBI net swung to a loss but revenues jumped 10%. Divi

U.S. Movers: Apache, ArcelorMittal, Nvidia, Priceline.com, Walt Disney

Mukesh Buch
08 Nov, 2013
New York City

Apache third-quarter net surged 86% but revenues fell 4%. ArcelorMittal net loss narrowed. Nvidia net plunged 43%. Priceline.com net climbed 40% on 41% surge in sales. Telus net jumped 10%. Walt Disney profit soared 12%. Westar Energy net fell 4%.

Europe Earnings: Allianz, IAG, Rolls-Royce, Total, Telecom Italia

Nigel Thomas
08 Nov, 2013
New York City

Allianz net jumped 5% to

Private Sector Hiring Defies Government Shutdown, Jobless Rate at 7.3%

Nichole Harper
08 Nov, 2013
New York City

Stocks on Wall Street opened higher after private sector added more than expected net new jobs in October. However, most of the job additions are at low wages as retailers

Nikkei and Asian Markets Drop

Hiruki Nakamura
08 Nov, 2013
New York City

Investors in Japan reacted to international news and a sharp fall in Asian markets. Nikkei declined 1% after the latest U.S. growth data increased earlier than expected Fed tapering possibilities.

RBA Lowers Economic Growth Estimate, Aussie Dollar in Focus

Marcus Jacob
08 Nov, 2013
New York City

Australian central bank lowered its economic growth assessment and may step up fight to weaken the dollar. The dollar gained 0.1% after China reported 5.6% increase in exports and 7.6% rise in imports.

India Movers: Eicher, Maruti Suzuki, PNB, Tata Coffee, Titan, Tech Mahindra

Mukesh Buch
08 Nov, 2013
New York City

Dredging Corp net declined 22%. Eicher net surged 63%. Maruti Suzuki October sales fell 6% but net surged 195%. PNB net plunged 53%. Sun TV profit jumped 11%. Tata Coffee net swung to a loss but Titan net rose 3.6%. Tech Mahindra net jumped 5%.

U.S. Growth at 2.8% on Inventories, Surprise Rate Cut in Europe

Nichole Harper
07 Nov, 2013
New York City

U.S. stocks and indexes drifted lower on stretched valuation worries. U.S. economic growth accelerated to 2.8% in the third quarter from 2.5% in the second quarter. Weekly jobless claims declined 9,000 at the end of last week. European Central Bank trimmed benchmark rate to 0.25%.

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