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U.S. Movers: American Airlines, Ciena, Lululemon, Men's Wearhouse, Nordson

Mukesh Buch
12 Dec, 2013
New York City

American Airlines agreed to buy 60 aircrafts with a list price of $2.5 billion. Ciena net loss widened despite sales surge of 25%. Lululemon net jumped 15% but offered lower than expected earnings outlook. Men''''s Wearhouse net dropped 6%. Nordson net declined 12%.

Stocks in Japan and Asia Drop, Nitto Denko, Mixi, DeNA Plunge

Hiruki Nakamura
12 Dec, 2013
New York City

Stocks in Tokyo and Asia dropped and the yen hovered near its recent low. Overseas investors increased Japanese stocks holdings by 12.9 trillion yen in the current year to November. Nitto Denko plunged 19% after it lowered earnings outlook.

Europe Earnings: Dufry, Fortum, John Wood, Metro, Peugeot, Sports Direct

Nigel Thomas
12 Dec, 2013
New York City

Dufry agreed to acquire 49% stake of Hellenic Duty Free for

Australian Stocks in 6-Day Decline, Genting Buys 10% Stake in Linc Energy

Marcus Jacob
12 Dec, 2013
New York City

Australian market indexes declined for the sixth day in a row and the dollar dropped. Australian jobless rate in November increased to 5.8% and employers added 21,000 net new jobs. Linc Energy secured $48 million investment from Malaysia based casino operator Genting.

India Movers: Cadila, GMR Infra, Hero MotoCorp, Just Dial, Lanco

Mukesh Buch
12 Dec, 2013
New York City

Cadila Healthcare settled patent litigation with Warner Chilcott. GMR Infra and Megawide are the highest bidders for an airport terminal in Philippines. Hero and Magneti Marelli engine venture targets to generate revenue of $100 million.

Fed Taper Worries Rise after Budget Deal

Nichole Harper
11 Dec, 2013
New York City

U.S. market indexes declined after a narrow budget deal was announced by bipartisan Congressional leaders. The deal sets spending limits and trims deficits but fails to revise debt limit and sets the stage for another showdown in February.

U.S. Movers: Costco, Discovery Comm, H&R Block, Joy Global, MasterCard

Mukesh Buch
11 Dec, 2013
New York City

Costco net rose 2% and comparable sales rose 3%. H&R Block said net loss narrowed. Joy Global dropped despite increases in sales and income. Laboratory Corp lowered its outlook. MasterCard approved stock split of 10-for-1 and raised dividend by 83%.

Wholesale Prices in Japan Increase at Fastest Pace in 5 Years

Hiruki Nakamura
11 Dec, 2013
New York City

Traders in Japan unwound yen short positions and the currency gained for the second day in a row. Wholesale prices rose 2.7% in November, the eighth monthly increase in a row on weaker yen. Core machine orders rose 0.6% in October.

Europe Earnings: BPost, FirstGroup, HSBC, Mediolanum, RBS, Stagecoach

Nigel Thomas
11 Dec, 2013
New York City

BPost fell as CVC Capital sold its remaining 19.7% stake in Belgium postal service. FirstGroup rejected spin-off pressure for U.S. unit from Sandell. HSBC sold its stake in Bank of Shanghai to Santander. Mediolanum dropped after Fininvest sold its 5.61% stake.

GM Pulls Plug on Holden in Australia, Stocks in 5-Day Losses

Marcus Jacob
11 Dec, 2013
New York City

Australian stocks declined for the fifth day in a row and gold miners gained on the back of a rebound in precious metal prices. General Motors plans to exit manufacturing from Australia by 2017 and Toyota is likely to exit from Australian manufacturing as well.

India Movers: Bharti, Crompton, Coal India, ONGC, Power Grid, Suzlon

Mukesh Buch
11 Dec, 2013
New York City

Bharti Infratel and RJio signed agreement to share infrastructure. Crompton is looking to sell or exit from Canadian power transformer plant. Suzlon Energy won orders to deliver 103 wind turbines in Germany.

U.S. Movers: AutoZone, Greif, HD Supply, PVH, Toll Brothers, Vail Resorts

Mukesh Buch
10 Dec, 2013
New York City

AutoZone net jumped 7%. Burlington Stores said net loss widened. Greif net soared 42.6% and net sales jumped 5%. HD Supply net swung to profit. Hi-Tech Pharmacal net tumbled 87%. PVH profit climbed 17%. Toll Brothers net plunged 77%.

Europe Earnings: Ashtead, CGG, Vopak, Lloyds, TUI Travel, Whitbread

Nigel Thomas
10 Dec, 2013
New York City

Ashtead net surged 85% and sales climbed 23%. CGG signed a seismic survey contract with the Norwegian Petroleum for the next seven years. Vopak lowered its operating earnings outlook. Lloyds plans to sell its remaining stake in St. James''s Place. TUI Travel profit tumbled 54%.

Expectations of Additional BoJ Action Builds in Japan

Hiruki Nakamura
10 Dec, 2013
New York City

Stocks in Tokyo edged down after surging on Monday but indexes are still leading developed markets in the year. The yen dropped to 103.39 against one dollar. Large Japanese companies turned less positive for business conditions in the current quarter.

U.S. Regulators Unveil Volcker Rule Details

Nichole Harper
10 Dec, 2013
New York City

Stocks in New York traded sideways and investors looked ahead to Fed meeting in two weeks. U.S. financial regulators unveiled a key element of the financial reform legislation enacted in 2010. General Motors appoints Mary Barra to replace Dan Akerson as chief executive.

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