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India Movers: Indian Government to Sell $2.2 Billion Stake in Utility NTPC

Mukesh Buch
06 Feb, 2013
New York City

Apollo Tyres third quarter net surged 73% and Bajaj Electricals net plunged 64.4%. IRB Infrastructure net soared 38.5% and Jindal Saw net jumped 64.3%. Indian government will sell 9.5% stake NTPC to raise $2.2 billion.

U.S. Stocks Rebound, Dell Goes Private in $24.4 Billion Deal

Nichole Harper
05 Feb, 2013
New York City

Stocks, sectors and indexes shot up in the early trading. Dell agreed to go private in a deal that valued the company at $24.4 billion. Service sector expanded in January according to a private survey. European markets advanced. Becton Dickinson, Cardinal Health, MasterCard and Virgin Media gained.

U.S. Movers: Archer-Daniels, Becton Dickinson, Cardinal Health, Kellogg

Mukesh Buch
05 Feb, 2013
New York City

Archer-Daniels second quarter net surged more than six-fold and Becton, Dickinson net climbed 14%. Cardinal Health net advanced 16% and Eaton Corp net plunged 51%. NYSE net dropped 19% and Kellogg loss narrowed. Estee Lauder net jumped 13%.

European Markets Rebound on Service Growth, BP in Focus

Barry Randall
05 Feb, 2013
New York City

European markets rebounded after plunging the most this year. The latest read on the service sector offered improving snapshot across the euro zone but the growth rates diverged between Germany and France. Italian bond yields crossed 4.5%.

Europe Movers: Alfa Laval, ARM, BP, KPN, Munich Re, Tele2

Barry Randall
05 Feb, 2013
New York City

BP Plc reported quarterly earnings that exceeded estimates but also cited lower production in 2013 on divestment and issued 9 cents a share quarterly dividend. ARM Holdings gained after the chip maker reported 19% increase in sales. KPN plunged 22% after it plans to ask shareholders $4 billion.

Nikkei Halts 5-Day Rally, Yen Crosses 93

Hiruki Nakamura
05 Feb, 2013
New York City

Nikkei 225 Average halted a 5-day rally after investors booked profit. Hitachi Ltd lowered its full-year operating income by 18%. Japan Airlines Co gained after it estimated higher net. Fast Retailing Co said same store sales fell in January by 5.5%.

Australian Rates on Hold, Transurban Hikes Dividend

Marcus Jacob
05 Feb, 2013
New York City

Australian stocks eased the Reserve Bank left the key rate at record low 3%. Central bank also cited inflation within its target range and left impression of future rate cut at its next meeting in May. Transurban hiked dividend. Cochlear returned to profit.

India Movers: Kingfisher Loss Widens, UCO Bank Net Plunges 69%

Mukesh Buch
05 Feb, 2013
New York City

Escorts third quarter net surged more than two-fold. Jain Irrigation net swung to loss and Jubilant FoodWorks net climbed 28%. Kingfisher loss widened and Nestle acquired acquire 26% stake of in a dairy. UCO Bank net plummeted 69%.

Global Markets Turn Cautious, European Markets Fall Between 2% and 3%

Bikram Pandey
04 Feb, 2013
New York City

U.S. markets extended losses after European markets retreated, the euro edged lower and commodities eased. U.S. factory orders increased less than expected. Market indexes in Spain, Italy, France and Germany plunged between 2% and 3%.

Europe Movers: Imtech, Julius Baer, Randgold, Swatch

Barry Randall
04 Feb, 2013
New York City

Banks in Spain and Italy declined on the new worries and the market indexes fell more than 2%. Julius Baer Group fell 3% after gross margins fell in the six-month period. Royal Imtech plunged 44% on accounting irregularities in Poland. Swatch gained 3% on 26% increase in 2012 earnings.

2% Drop in Spain, Italy Drags European Markets

Barry Randall
04 Feb, 2013
New York City

European markets fell sharply after market indexes in Spain and Italy led the decliners in the region with a loss of more than 2%. Banks led the decliners. Bond yields of Spain and Italy rose and the euro edged lower.

U.S. Movers: Acme Packet, Gannett, Humana, Sysco, Sohu.com, Clorox

Mukesh Buch
04 Feb, 2013
New York City

Acme Packet agreed to a deal with Oracle for $1.7 billion in cash. Gannett fourth quarter net declined 12% and Humana net slipped 4%. Sysco second quarter net dropped 12%. Sohu.com fourth quarter net declined 6% and Clorox second quarter net soared 18%.

Wall Street Opens Lower, Oracle Offers $2 Billion for Acme Packet

Nichole Harper
04 Feb, 2013
New York City

Stocks opened lower after a rally that lifted indexes to five-year highs last week. European markets weakness weighed heavily on the market sentiment after index in Spain and Italy dropped 2%.

Nikkei Extend Gains on Yen Weakness, Sony, Panasonic, Sharp Rise

Hiruki Nakamura
04 Feb, 2013
New York City

Stocks in Tokyo extended gains of the longest rally in last fifty years on the international economic data. The yen weakened more as the government, central and pension fund work in concert to debase the currency.

Australian Building Approvals Fall 4.4%, Stocks Ease

Marcus Jacob
04 Feb, 2013
New York City

Australian stocks eased for the second day in a row ahead of rate announcement from Reserve Bank of Australia tomorrow. Stocks were also under pressure after the home building approvals declined 4.4% in January. Transurban and Cochlear are set to release earnings tomorrow.

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