ticker

U.S. Movers: Bassett Furniture, CalAmp, Electro Rent, International Speedway

Mukesh Buch
03 Oct, 2013
New York City

Bassett Furniture net fell but sales jumped. Constellation Brands profit surged to $1.52 billion. CalAmp net plunged 24% and revenue surged 34%. Electro Rent climbed 12% and International Speedway said quarterly loss widened. Texas Industries net swung to profit.

Europe Earnings: Aviva, easyJet, FirstGroup, Intertek, Ted Baker

Nigel Thomas
03 Oct, 2013
New York City

Aviva sold its U.S. unit for

Australian Markets Advance, Leighton Plunges 10%

Marcus Jacob
03 Oct, 2013
New York City

Australian stocks traded higher and the dollar gained as Asian markets shift focus to domestic events. Australian service industry growth eased in September. Leighton in a lengthy statement denied allegation that it participated in corrupt practices to win contracts in Iraq, Indonesia and Malaysia.

U.S. Lawmakers in No Mood to End Shutdown, Indexes Drift Lower

Nichole Harper
02 Oct, 2013
New York City

U.S. market indexes declined as government remained shut for the second day. The White House summoned top lawmakers to settle on a short-term budget to reopen the government and move the negotiations to decide on the debt limit revision.

U.S. Movers: Global Payments, Monsanto, Team, Village Super Market, Walgreen

Mukesh Buch
02 Oct, 2013
New York City

Global Payments net soared 38% as revenue jumped. Monsanto said quarterly loss widened. Resources Connection net plummeted 23% and Team Inc declined 12% after net tumbled 41%. Walgreen quarterly earnings surged 86.4%.

Europe Earnings: Domino

Nigel Thomas
02 Oct, 2013
New York City

Domino

Nikkei Drops 2.2%, Yen Advances for Second Day

Hiruki Nakamura
02 Oct, 2013
New York City

Stocks in Tokyo declined and the yen advanced for the second day. Investors focused on the immediate impact of the latest stimulus plan and several economists worried that the proposed sales tax increase will dampen consumer spending.

Australian Building Approval Fall 4.7%, Trade Deficit Widens

Marcus Jacob
02 Oct, 2013
New York City

Stocks advanced in Sydney in light volume and new building approvals declined 4.7% in August from July but gained 7% from a year ago. Australian dollar edged higher and commodities prices fell. Mongolian government signaled additional approvals for the delayed Oyu Tolgoi copper and gold mine.

U.S. Dollar at 8-Month Low, Investors Speculate on Government Closure Impact

Nichole Harper
01 Oct, 2013
New York City

Stocks on Wall Street gained as investors reacted calmly to the U.S. government shutdown. Wall Street is betting that the shutdown will be short lived and debt ceiling will be revised as early as next week. U.S. Treasury yields rose to 2.64% and the dollar index drops to an eight month low.

U.S. Movers: Actuant, Chrysler, Ford, GM, NYSE Euronext, Paychex

Mukesh Buch
01 Oct, 2013
New York City

Actuant net swung to a profit. Chrysler said September sales rose 1%, Ford sales climbed 6% and General Motor sales declined 11%. Diamond Foods plunged as net loss widened. NYSE Euronext sold its 12% stake in Qatar Exchange to Qatar Investment Authority. Paychex net climbed 6%.

Europe Earnings: Ceres Power, Poundland, Unilever, Vestas Wind, Wolseley

Nigel Thomas
01 Oct, 2013
New York City

Ceres Power Loss in the year narrowed. Poundland profit surged 59%. Pure Wafer operating profit for the year surged. Unilever dropped after consumer products maker estimated third quarter sales growth not to exceed 3.5%. Wolseley annual profit surged to

Abe Approves Sales Tax Increase to 8% in Japan

Hiruki Nakamura
01 Oct, 2013
New York City

Prime Minister Shinzo Abe approved the increase of sales tax to 8% from 5% and proposed $51 billion stimulus plan that includes tax breaks for capital spending. Sales tax increase is the first since 1997. The much awaited tax increase is expected to dampen consumer spending.

Australian Retail Sales Rise, Rates on Hold

Marcus Jacob
01 Oct, 2013
New York City

Australian stocks traded lower and Reserve Bank of Australia left its reference rate at 2.5%. Home price index in capital cities increased 1.6% in September and new home sales rose 3.4% in August. Australian retail sales rose 0.4%.

Global Markets Nervous as U.S. Lawmakers Fiddle with Budget, Debt Talks

Nichole Harper
30 Sep, 2013
New York City

U.S. market indexes weakened as the government shutdown looms and reticent lawmakers are in no mood to agree on a short term budget. However, larger battle is ahead to revise debt ceiling in the next two weeks. U.S. Treasury yield was stable but the dollar weakened.

U.S. Movers: 21Vianet, Brookfield, Cal-Maine, Lockheed, Omnova

Mukesh Buch
30 Sep, 2013
New York City

21Vianet said Temasek invested $100 million. Brookfield Property to acquire Brookfield Office Properties for $1.7 billion. Lockheed Martin secured order worth $7.8 billion. Philip Morris agreed to acquire 49% stake in Arab Investors-TA for $625 million.

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