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Markets Cut Losses After Yellen Pick, Fed Estimates Taper Before 2014

Nichole Harper
09 Oct, 2013
New York City

Investors appear to take the debt and budget talk impasse in stride and hoped a last minute deal before the end of the month. President Obama is set to announce the appointment of Janet Yellen as the next Fed Chairman. Most policy makers at the Fed see tapering to kick in the before the year end.

U.S. Movers: Alcoa, Costco, Family Dollar, Men

Mukesh Buch
09 Oct, 2013
New York City

Alcoa net swung to profit and forecasted global aluminum demand to increase 7%. Costco profit soared and Family Dollar net climbed 26%. Men

Australian Investors Focus on Earnings, Worleyparson and FKP in Focus

Marcus Jacob
09 Oct, 2013
New York City

Australian stocks and indexes closed lower and markets across Asia shifted focus to domestic earnings. Central banks in Asia prepare for a scenario where U.S. politicians may fail to lift debt ceiling and set off uncontrollable chain of events.

Europe Earnings: Centamin, Greggs, Quindell, Thorntons, Vedanta

Nigel Thomas
09 Oct, 2013
New York City

Centamin said total gold production in the third-quarter surged 39%. Quindell Portfolio won a three-year contract worth

U.S. Movers: J. C. Penney, Nuance, Talisman Energy, Wolverine, Yum! Brands

Mukesh Buch
08 Oct, 2013
New York City

J. C. Penney said September comparable sales fell 4% but online sales surged 25 % and liquidity at the year-end is expected to be higher than $2 billion. Nuance appoint son of Carl Icahn as independent director. Wolverine World Wide net surged 66%.

Europe Earnings: Alcatel Lucent, Celesio, Getinge, TGS-NOPEC, Vodafone

Nigel Thomas
08 Oct, 2013
New York City

Alcatel Lucent plans to cut costs of 1 billion euros and eliminate 10,000 jobs. Celesio surged after McKesson buyout offered

Japan, China and South Korea Raise Concerns on Washington Deadlock

Hiruki Nakamura
08 Oct, 2013
New York City

Stocks in Tokyo closed higher in the final hour of trading. The Nikkei ended a 4-day decline in the index and investors shifted focus to domestic earnings as U.S. budget and debt ceiling talks appear to go nowhere on the eighth day of government closure.

Europe Earnings: Airbus, Burberry, Marks and Spencer, Rolls-Royce, Solvay

Nigel Thomas
07 Oct, 2013
New York City

Airbus won its first order from Japan Airlines worth

U.S. Indexes Trade Higher, Rating Agencies Quiet on U.S. Debt Downgrade

Nichole Harper
04 Oct, 2013
New York City

U.S. market indexes gained higher but political leaders showed no interest in compromising. Rating agencies also appear conflicted and under political pressure not to downgrade U.S. debt. Twitter files to raise as much as $1 billion.

Nikkei Declines 1% as Asian Markets Ease

Hiruki Nakamura
04 Oct, 2013
New York City

Stocks in Tokyo edged lower and investors shifted focus to domestic issues. U.S. government remained shut for the third day and debt default date approaches in two weeks. The yen weakened and commodities prices rose.

U.S. Movers: Computer Services, Forest Oil, IDT, Union Pacific, Xyratex

Mukesh Buch
04 Oct, 2013
New York City

Computer Services net jumped 7% as revenue climbed 11%. Forest Oil sold its oil and gas assets in Texas to Templar Energy LLC for $1 billion. IDT Corp net swung to a loss but sales climbed 7%. Union Pacific forecast third-quarter operating revenue. Xyratex net tumbled 77%.

Australian Markets Ease, Oil Search Venture with Exxon Raises $1.5 Billion

Marcus Jacob
04 Oct, 2013
New York City

Australian market indexes traded lower and the Aussie dollar gained as commodities prices were flat in regional trading. Leighton Holdings faced more media allegations of corruption. Oil Search and its Papua New Guinea LNG gas venture partner Exxon Mobil completed $1.5 billion financing.

Europe Earnings: Beacon Hill, Carpetright, Lindt, Petrofac, Tate & Lyle

Nigel Thomas
04 Oct, 2013
New York City

Lindt & Spruengli plans to buyback its own shares up to 2014. Carpetright lowered its full-year profit outlook. John Wood lifted its fiscal operating earnings growth outlook. Nokian Tyres lowered operating profit forecast.

U.S. Treasury Market Calm as Debt Default Date Approaches

Nichole Harper
03 Oct, 2013
New York City

U.S. market indexes trended lower as world investors began factoring a possible debt default and rising probabilities of a prolonged government default. With each passing day investors are debasing the fate of the reserve currency of the world.

U.S. Debt Default Worries Fuel Asian and Japanese Market Fall

Hiruki Nakamura
03 Oct, 2013
New York City

Stocks in Tokyo and Asia generally closed down as world investors began to factor in long term implications of the U.S. government shutdown and a debt default possibilities rise. U.S. is the largest debtor nation on the earth and increases its annual debt $1 trillion.

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