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Private Sector Employment Growth Slowest in 5 Months, Indexes Pull Back

Nichole Harper
03 Apr, 2013
New York City

U.S. market indexes pulled back after the latest data on private sector net job addition was weaker than expected. In addition, the latest survey on the dominant service sector in the economy also indicated a slowdown.

BoJ Action Expectations Lift Nikkei 3%, Fast Retailing jumps 14%

Hiruki Nakamura
03 Apr, 2013
New York City

Stocks in Tokyo surged the most in nearly two months as Bank of Japan began a two-day meeting. Expectations of accelerated and larger bond buying program from the central bank lifted the Nikkei 3%. Fast Retailing surged 14% on same store sales jump of 23%.

U.S. Movers: Acuity Brands, ConAgra, Conn

Mukesh Buch
03 Apr, 2013
New York City

Acuity Brands second quarter net surged 27% and ConAgra third quarter net declined 56% to $123.4 million. Conn

Europe Movers: BMW, Thorntons, SSE, Telecom Italia, Vodafone

Nigel Thomas
03 Apr, 2013
New York City

BMW said quarterly sales in U.S. climbed 5.3% to 64,902 units. Chocolate maker Thorntons lifted profit outlook for fiscal 2013. SSE confirmed the penalty of

Australian New Home Sales Fall 5.3%, Dollar Gains

Hiruki Nakamura
03 Apr, 2013
New York City

Australian stocks declined and the dollar gained as commodities prices eased. New home sales tumbled 5.3% in February after rising for four months in a row.

India Movers: Adani Power, Escorts, L&T, RCom, SRF

Mukesh Buch
03 Apr, 2013
New York City

Ashok Leyland March sales slid 2%. Adani Power soared 9% after the electricity commission approved a temporary price hike to compensate for higher imported coal prices. L&T won order for Abu Dhabi Airport. RCom rose after network sharing deal worth Rs 1,200 crore with Reliance Jio Infocomm.

India Movers: KEC Intl, L&T, M&M, Novartis, Syndicate Bank

Mukesh Buch
01 Apr, 2013
New York City

KEC Intl won new orders worth $180 million and L&T secured order valued $1 billion and completed acquisition of Audco India. M&M March sales surged 10.6%. Supreme Court rejected cancer drug patent of Novartis. Syndicate Bank raised $500 million for its London operations.

Record High Unemployment in Euro Zone

Nigel Thomas
02 Apr, 2013
New York City

Unemployment rate in the euro zone increased to 12% in February and was revised to the same from 11.9%, according to the latest data released by the Eurostat.

U.S. Indexes at Fresh Highs, Factory Orders Rise 3%

Nichole Harper
02 Apr, 2013
New York City

Financial markets advanced and major indexes flirted near new highs. Factory orders increased 3% in February and auto sales in March were ahead of expectations. Nasdaq OMX Group agreed to acquire the bond trading platform eSpeed for $1.23 billion.

U.S. Movers: Chrysler, Ford, GM, McCormick, NASDAQ

Mukesh Buch
02 Apr, 2013
New York City

Chrysler U.S. sales in March rose 5% and Ford and GM sales rose 6%. NASDAQ agreed to acquire eSpeed from BGC Partners, Inc. for $750 million in cash.

U.S. Movers: Bridgepoint, Cal-Maine, Dell, MTS, Novartis, Tesla

Mukesh Buch
01 Apr, 2013
New York City

German based private equity group Bridgepoint agreed to acquire Oasis Healthcare worth

Stocks Slide in Tokyo, Auto Sales Drop 9.4% in March Quarter

Hiruki Nakamura
02 Apr, 2013
New York City

Stocks in Tokyo eased for the second day in a row and the yen advanced to a one-month high. Auto sales in the quarter to March declined 9.4% in Japan after government ended subsidies. Toyota sales fell 15% and Nissan declined 6% and Honda sales plunged 45%.

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