ticker

Login

BlackRock Netflix GE Aerospace TSMC Bank of America Morgan Stanley Goldman Sachs Group JPMorgan Chase Citigroup

Market Update

Spanish Bailout in Slow Motion, Carlyle Keeps the Deal Offensive

Bikram Pandey
30 Aug, 2012
New York City

World markets were on the defensive after latest economic data from the euro zone, Japan, South Korea showed more weakness and the U.S. personal spending rose the most in five months and income gained for the eighth month in a row. Carlyle keeps the offensive in deal making.

U.S. Movers: Ciena, Costco, Greif, Pandora Media Royal Bank of Canada

Mukesh Buch
30 Aug, 2012
New York City

Bio-Reference declined but net soared 25%. Networking gear maker Ciena declined on weak sales outlook. Costco reported sales increase in August. Greif net declined 39% and lowered fiscal outlook. Pandora Media jumped.

UK Mortgage Approvals Rise, Barclays Appoints New Chief

Arthi Gupta
30 Aug, 2012
New York City

The UK indexes slid in listless trading and mortgage approvals rose in July. Accenture agreed to acquire Singapore-based NewsPage. Barclays appointed Antony Jenkins as a director and chief executive. JJB Sports plunged 82% after deciding to seek a buyer.

First Monthly Retail Sales Decline in Japan, Nikkei Drops 1%

Nigel Thomas
30 Aug, 2012
New York City

The benchmark index in Tokyo declined 1% after retail sales fell in July and on a decelerating auto sales growth and stagnant wages. Construction machinery stocks declined after iron ore prices fell to the low last seen in 2009.

U.S. Jobless Claims Flat, Carlyle Purchases DuPont Unit for $4.9 B

Arthi Gupta
30 Aug, 2012
New York City

U.S. indexes fell after weekly jobless claims remained unchanged at 374,000 and personal income rose in July. Carlyle Group agreed to purchase DuPont Performance Coatings for $4.9 billion. Darden Restaurants completed acquisition of Yard House USA.

Iron Ore Price Decline Begins to Alarm Australia

Marcus Jacob
30 Aug, 2012
New York City

Australian stocks closed lower as iron ore prices declined to a 3-year low. Fortescue chairman, Andrew Forrest increased stake in the third largest iron ore company for the second day in a row. Building approvals dropped 17.3% in July and private sector capital spending increase slowed to 3.4% rise.

Europe Movers: Carrefour, Indus, Pernod Ricard

Arthi Gupta
30 Aug, 2012
New York City

Carrefour net loss narrowed and INDUS group sales rose to

Spain in Focus, Scotiabank to Acquire ING Direct

Arthi Gupta
30 Aug, 2012
New York City

The European indexes declined and German unemployment rate held at 6.8%. Italy raised

Euro Zone Confidence Weakens, German Jobless Rate at 6.8%

Arthi Gupta
30 Aug, 2012
New York City

Euro zone sentiment weakened, German unemployment rate held at 6.8%, Spanish inflation rose and Danish industrial confidence deteriorated in August. Swedish current account surplus declined in the second quarter.

World Markets on Hold, More Mergers

Bikram Pandey
29 Aug, 2012
New York City

World markets were in a holding pattern ahead of central bankers gathering. Corporate deal making was in full swing after Japan based air-conditioner maker agreed to acquire the U.S. based Goodman Global for $3.7 billion. Oil futures fell as Hurricane Isaac misses oil platforms.

Tokyo Stocks Advance; Daikin in $3.8 Billion Deal

Nigel Thomas
29 Aug, 2012
New York City

Tokyo stocks gained ahead of the world central bankers meeting. Renesas Electronics soared 35% on the news that the private equity firm KKR is expected to invest $1.3 billion. Sharp gained on employee buyout plan. Ito En, the beverage maker plans to buyback shares and expand to Vietnam and Myanmar.

Australian Markets on Hold; Transfield, WorleyParsons in Focus

Marcus Jacob
29 Aug, 2012
New York City

Australian market indexes were flat as commodities price declined. Grocery wholesaler Metcash signed a $655 million deal to distribute liquor with 1,700 stores. WorleyParsons gained after higher core earnings and Transfield chief executive resigned on several profit downgrades.

U.S. Movers: Genesco, Heinz, Joy Global, Fresh Market

Mukesh Buch
29 Aug, 2012
New York City

Genesco swung to profit and lifted fiscal outlook and Heinz first quarter net jumped 14% to $258 million. Joy Global sales increased but mining equipment maker lowered fiscal outlook. Fresh Market second quarter net surged 27%.

UK Home Prices Climb, Antofagasta Earnings Decline

Arthi Gupta
29 Aug, 2012
New York City

The UK indexes tracked lower following weak European markets. The average home prices in England and Wales rose 0.3% in July. Ryanair planned to re-bid for Aer Lingus. Antofagasta first-half group revenue rose 3.5%.

U.S. GDP Revised Up to 1.7%, Heinz Net Rises

Arthi Gupta
29 Aug, 2012
New York City

U.S. indexes advanced after gross domestic product increased an upwardly revised 1.7% in the second quarter. Japan-based Daikin agreed to acquire Goodman Global for $3.7 billion. Schnitzer Steel planned to slash 300 jobs.