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Stocks on Wall Street Weaken on Cyprus Uncertainties

Nichole Harper
19 Mar, 2013
New York City

Stocks in New York accelerated the decline in early afternoon after lawmakers in Cyprus are likely to vote down a proposal to tax depositors as a part of international bailout. Home construction activities increased to a five-year high.

U.S. Movers: Affymax, DSW, FactSet, Lululemon, Walgreen

Mukesh Buch
19 Mar, 2013
New York City

Affymax plunged as the company seeks a buyer or may have file bankruptcy protection. DSW fourth quarter net jumped 40%. FactSet net advanced 5%. Lululemon dropped on quality problems. Walgreen agree to acquire a stake in AmerisourceBergen as a part of sales agreement.

Nikkei Rebounds 2%, Kuroda to Assume BoJ Governor's Office Tomorrow

Hiruki Nakamura
19 Mar, 2013
New York City

Stocks and market indexes in Tokyo rebounded after investors estimated that the risk from controversial depositor-tax in Cyprus spreading to the rest of the euro zone is limited. However, investors fear that the tax sets a dangerous precedent.

Europe Movers: BBC Worldwide, Sainsbury, Ryanair, William Hill, Zigg

Nigel Thomas
19 Mar, 2013
New York City

BBC Worldwide agreed to sell Lonely Planet to NC2 Media for

Australian Stocks and Dollar Ease

Marcus Jacob
19 Mar, 2013
New York City

Australian stocks rebounded in the early hours but failed to stay in the positive zone after comments from the Reserve Bank weighed on the market sentiment.

India Movers: Asian Paints, AGC Networks, GMR, Infosys, ONGC

Mukesh Buch
19 Mar, 2013
New York City

Asian Paints acquired 51% stake in Sleek Group. AGC Networks acquired part of business of the U.S. based Transcend United Technologies. GMR is exploring to bid for $400 million airport upgrade project in Philippines. ONGC may acquire 20% stake in the Mozambique gas field.

Cyprus Deposit-Tax Worries Spark Fears of Bank Run in Southern Europe

Devan Biswas
18 Mar, 2013
New York City

Cyprus bank depositors are facing a

U.S. Movers: Cerner, Cynosure, Cumulus Media, j2 Global

Mukesh Buch
18 Mar, 2013
New York City

Ameresco fourth quarter net climbed 40%. Cerner agreed to acquire automation solution provider Labotix Automation. Cynosure agreed to buy Palomar Medical for $294 million in cash.

New York Extends Global Markets Sell-off on Cyprus Worries

Nichole Harper
18 Mar, 2013
New York City

Cyprus bailout conditions weighed heavily on market sentiment in New York trading this morning. Market indexes and stocks were in a broad decline and commodities eased as well. Gold gained.

Europe Movers: Airbus, Ericsson, Lamprell, Marks and Spencer, SocGen

Nigel Thomas
18 Mar, 2013
New York City

Banks in the euro zone declined sharply on the fresh worries of bank bailout after the euro zone finance ministers proposed a tax on depositors as a conditions for a Cyprus bank bailout. Airbus won an order from Indonesia base airline valued at a list price of $24 billion.

Nikkei Drop of 2.7% Leads Asian Markets Fall

Hiruki Nakamura
18 Mar, 2013
New York City

The Nikkei index in Tokyo led the Asia-wide decline after the latest proposal to levy tax on bank depositors in Cyprus as a part of the bank bailout spooked investors. The yen gained but traded above the 94 level. Water Direct soared 150% after it opened for initial public offering.

Australian and Asian Markets Plunge on Euro Zone Worries

Marcus Jacob
18 Mar, 2013
New York City

Markets in Australia and in Asia fell sharply on the worries that euro zone debt troubles are far from over. The latest proposal to impose a tax on bank depositors set off worries of a bank run in other troubled nations and knocked off commodities prices.

India Movers: Ashok Leyland, Coal India, L&T, Thomas Cook, Wipro

Mukesh Buch
18 Mar, 2013
New York City

Ashok Leyland sold stake in IndusInd Bank controlled by Hinduja group. Indian government plans to sell 10% stake in Coal India. L&T plans to divest up to 20% stake in infrastructure unit to raise $500 million. Thomas Cook won an approval for secondary offering.

U.S. Movers: Aeropostale, Carnival, Hibbett Sports, Nortek, Ulta Salon

Mukesh Buch
15 Mar, 2013
New York City

Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.

Fed Rejects Goldman, JPMorgan Capital Plans; Gasoline Fuels CPI Increase

Nichole Harper
15 Mar, 2013
New York City

U.S. stocks were under pressure after Federal Reserve asked JPMorgan and Goldman Sachs to resubmit their capital plans and rejected the plan by BB&T Corp and Ally Financial to return capital to shareholders.

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