ticker

Europe Earnings: Barclays, Heineken, ICAP, Johnson Matthey

Nigel Thomas
06 Jun, 2013
New York City

Barclays dropped after Sumitomo Mitsui sold its stake for

India Movers: BF Investment, Fortis, L&T, Sun Pharma, Tata, Transpek

Mukesh Buch
06 Jun, 2013
New York City

BF Investment net declined 52%. Fortis Healthcare plans to sell its Vietnam and Hong Kong divisions. Sun Pharma slid after Swedish drug-maker Meda denied stake sale.

U.S. Stocks Extend Losses in Europe and Japan

Nichole Harper
05 Jun, 2013
New York City

Market indexes on Wall Street accelerated the decline after a sharp fall in Tokyo and Europe. Latvia approved to join the euro zone and European auto sales extended shrinkage in the sixth year. U.S. private sector added fewer than expected net 135,000 jobs.

Abe's Speech Accelerated Steady Erosion in Japanese Stocks

Hiruki Nakamura
05 Jun, 2013
New York City

Stocks in Tokyo closed lower in volatile trading as foreign investors began unwinding yen hedge. The year-to-date gain of 30% in the Nikkei index is cut to 10% after adjusting for the yen weakness.

U.S. Movers: Analogic, Bob Evans, Cyberonics, Dell, Dollar General

Mukesh Buch
05 Jun, 2013
New York City

Analogic third quarter sales rose but net tumbled. Bob Evans revenue dropped but net jumped 23%. Cyberonics net climbed 7%. Dollar General sales and net climbed 16%.

Australian GDP Expanded at 0.6%, Indexes Fall 1.3%

Marcus Jacob
05 Jun, 2013
New York City

Australian stocks fell sharply and broader indexes dropped 1.3% after economy expanded at a slower than expected pace of 0.6% in March quarter. Trading volume picked up and Australian dollar held firm.

Europe Earnings: Elekta, Moneysupermarket.com, Tesco, Voestalpine

Nigel Thomas
05 Jun, 2013
New York City

Elekta net income for the year soared 10% to 1.35 billion krona. Moneysupermarket.com co-founders Simon Nixon plans to sale 14.8% stake. Tesco group sales in the first quarter grew 2.7%. Voestalpine net income for the year surged 33% to

India Movers: Bharti Airtel, Hindalco, Hanung Toys, Piramal, TTK Prestige

Mukesh Buch
05 Jun, 2013
New York City

Bharti Airtel shareholders approved 5% stake sell to Qatar Foundation for $5 billion. Hindalco plans to raise $900 million. Third Avenue acquired 1.7% stake of Piramal Enterprises. TTK Prestige sold a stake to Mauritius based Cartica.

U.S. Stocks Waver, Trade Deficit Rises 8.5%

Nichole Harper
04 Jun, 2013
New York City

U.S. stocks traded sideways and merger announcement of $4.5 billion hovered market sentiment as traders weighed stimulus withdrawal impact. IBM agreed to acquire SoftLayer for $2 billion and Salesforce.com agreed to buy ExactTarget for $2.5 billion. U.S. trade deficit increased 8.5% in April.

IBM to Acquire Privately Held SoftLayer to Expand Cloud Services

Devan Biswas
04 Jun, 2013
New York City

IBM Corp agreed to acquire privately held SoftLayer Technologies, Inc that valued the company at $2 billion as the company strengthens its presence in cloud computing for enterprises and small businesses.

Nikkei in Volatile Trading Gains 2.1%

Hiruki Nakamura
04 Jun, 2013
New York City

Stocks in Tokyo closed higher in volatile trading as banks and real estate developers plunge more than 20% in last two weeks. Market indexes in Tokyo are still up 30%, the best among developed markets but investors are increasingly cautious about future direction of Japanese markets.

Australian Rates on Hold, Current Account Deficit Narrows

Marcus Jacob
04 Jun, 2013
New York City

Australian stocks closed higher and resource developers and banks led the most active list. Reserve Bank of Australia held its rate at 2.75%, a five-decade low and the dollar traded near its low of the year. Australian current account deficit narrowed more than expected in the quarter to March.

U.S. Movers: Apple, AIG, Bristol Myers, Merck, Rio

Devan Biswas
03 Jun, 2013
New York City

Apple Inc declined 1% as the company faces electronic book price-fixing charges. Merck, Bristol Myers and Amgen gained after reporting positive results for three separate drugs to treat skin-cancer. Mid-American Apartment and Colonial Properties agreed to merge. Cracker Barrel soared on quarterly results.

U.S. Factory Activities Decline, Construction Picks Up

Nichole Harper
03 Jun, 2013
New York City

U.S. stock traded sideways. Construction activities increased 0.4% in April according to a government report and factory activities shrank in May. On merger Monday, Mid-American Apartment Communities and Colonial Properties Trust agreed to a merger that will create a company worth $8.6 billion.

Nikkei Drop Extends Correction to 15%, Brokers Lead Decliners

Hiruki Nakamura
03 Jun, 2013
New York City

Market indexes in Japan declined to a five-week low after investors turned cautious on softening Chinese economy and uncertainty related to the U.S. stimulus. Securities brokerage and real estate developers led the decliners in Tokyo trading. Nikkei 225 index has fallen 15% from its peak on May 22.

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