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India Movers: Dewan Housing, HDFC, Shriram Finance

Mukesh Buch
08 May, 2013
New York City

Corporation Bank net rose 1.2% and Dewan Housing net doubled. Glenmark net jumped 11% and Housing Development Finance net climbed 17%. Jubilant and KEC Intl reported quarterly loss. Ranbaxy net tumbled 90% and Shriram Transport net climbed 17%.

Earnings and German Orders Data Lift European Markets

Nigel Thomas
07 May, 2013
New York City

European markets traded higher after German factory orders increased more than expected and earnings at Societe Generale, Commerzbank, HSBC and Allianz were ahead of expectations. German factory orders rose 2.2% in March. Portugal successfully sold long term bonds for the first-time in two years.

Global Markets Rally Lifts Stocks on Wall Street

Nichole Harper
07 May, 2013
New York City

U.S. market indexes extended world markets gains after German factory orders increased more than expected and indexes in Japan closed at a 5-year high and Australia unexpectedly lowered rates.

U.S. Movers: Alleghany, Cimarex, Directv, Fossil, Perrigo, Towers Watson

Mukesh Buch
07 May, 2013
New York City

Alleghany first quarter net and Cimarex net declined 15%. Directv net slipped 6% and Fossil first quarter net soared 24%. Perrigo net fell 3% and Rosetta Resources net climbed 140%. Towers Watson jumped 40%.

Europe Earnings: HSBC Net Climb to $6.35 billion, Commerzbank Swing to Loss

Nigel Thomas
07 May, 2013
New York City

Commerzbank said loss in the first quarter swung to

Nikkei Soars 3.6% to Close Above 14,000, Record Since 2008

Hiruki Nakamura
07 May, 2013
New York City

Stocks in Tokyo played a catch up and the Nikkei index soared 3.6% and closed above 14,000 for the first time since June 2008. Japan Steel Works soared 16% after Japanese company was awarded a nuclear plant order in Turkey.

Australia Cuts Rate to Five-Decade Low, Smaller Rebound in Trade Surplus

Marcus Jacob
07 May, 2013
New York City

Reserve Bank of Australia unexpectedly lowered its official interest rate by 25 basis points to 2.75%. Four largest banks said they will pass the full rate cut to investors. Market indexes rebounded from the low of the day but still closed down for the day.

India Movers: DEN to Raise $160 million; Emami, GSK, Sintex Net Climb

Mukesh Buch
07 May, 2013
New York City

Allahabad Bank net plunged 68%. Dabur India expanded manufacturing in Sri Lanka and DEN Networks plans to raise nearly $160 million. Emami net climbed 39% and GSK net surged 38%. Maruti said vehicles production in April dropped 7.6%. Sintex net soared 66%.

U.S. Movers: Apollo, BMC, Mobile Mini, Sysco, Tyson Foods

Mukesh Buch
06 May, 2013
New York City

Apollo Global Management first quarter net soared 154%. BMC Software agreed to be acquired by investor group for $6.9 billion. Sysco third quarter net tumbled 42.8% and Westlake Chemical net climbed 40%.

U.S. Indexes Pause Near Record Levels, BMC in $6.9 Billion LBO Deal

Nichole Harper
06 May, 2013
New York City

U.S. indexes paused near record levels set last week on the back of easy monetary policy from central banks. Crude oil futures held firm despite a unilateral air strike carried out by Israel. BMC Software agreed in a leveraged buyout that valued the company at $6.9 billion.

Europe Earnings: Linde Net Climbs 10%, Veolia Net Surges 32%

Nigel Thomas
06 May, 2013
New York City

Direct Line Insurance profit after tax in the first quarter climbed 19.5% and Linde first quarter profit surged 10% to

European Retail Sales Drop and Output Index Declines

Nigel Thomas
06 May, 2013
New York City

European markets retreated from five-year highs after retail sales fell and a private survey of factory and service sector showed a decline in output. Linde AG jumped to a 2-decade high on better than expected earnings. Statoil faces higher taxes from Norwegian government.

Australian Retail Sales Fall 0.4%, Stocks Pare Gains

Marcus Jacob
06 May, 2013
New York City

Australian markets pared gains and the dollar edged lower and trading volume picked up. Retail sales in March declined unexpectedly 0.4%. Leighton Holdings reaffirmed its full-year earnings outlook. Tabcorp faces one-time charges linked healthcare taxes.

India Movers: ACC, Finolex, Nerolac, Titan Net Up; Adani Loss Widens

Mukesh Buch
06 May, 2013
New York City

ACC net surged 189% and Adani Power fourth quarter loss widened. Finolex net jumped 41% and Grasim profit rose 1%. Kansai Nerolac net surged 173% and Titan net climbed 28%. The Great Eastern Shipping net surged 70%.

U.S. Movers: Automatic Data Processing, AIG, Duke, InvenSense, LinkedIn

Mukesh Buch
03 May, 2013
New York City

Automatic Data Processing said third quarter net slid 7%. AIG first quarter net declined 31% and Duke net surged 115%. InvenSense surged as sales and net climbed. LinkedIn net surged more than four-fold. Moody

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