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U.S. Markets Breakout, World Markets Fall on Italian Uncertainties

Bikram Pandey
26 Feb, 2013
New York City

Stocks on Wall Street closed higher after housing market reports showed another month of improving data and consumer confidence gained. Markets in Europe fell sharply after Italian general elections failed to deliver a governing majority to a single party.

Stocks on Wall Street Rebound on Solid Housing Market Data

Nichole Harper
26 Feb, 2013
New York City

Stocks on Wall Street rebounded after latest data on housing market showed an improvement and consumer confidence also jumped to the level last seen in November. Earnings from Home Depot and Macy

Hung Parliament in Italy After Elections, European Markets Drop

Nigel Thomas
26 Feb, 2013
New York City

European markets declined after fears of euro zone crisis resurfaced. Italian general election led to a hung parliament as voters reject austerity of 15 months under Prime Minister Mario Monti.

U.S. Movers: American Tower, Macy

Mukesh Buch
26 Feb, 2013
New York City

American Tower fourth quarter net plunged 34% and AutoZone second quarter net climbed 6%. Macy

Japan Plans to Cut Stake in Tobacco Company, Nikkei Plunges 2.3%

Hiruki Nakamura
26 Feb, 2013
New York City

Stocks in Tokyo dropped and the yen advanced against the euro and the dollar after Italy headed for a hung parliament. Japan Tobacco eased 0.7% after the government filed to lower its stake to raise as much as $10 billion.

Weak Iron Ore Prices Pare Australian Gains; QBE, Flight Center Net Rise

Marcus Jacob
26 Feb, 2013
New York City

Australian stocks closed higher but pared gains after the spot iron ore price declined 1.1% despite the port closures in Western Australia. QBE reported full-year net increased 8%. Flight Center reported record first half net with an increase of 13%. Ramsay Health Care net rose 10%.

India Movers: Blue Dart and Sanofi Net Jump, Ranbaxy Loss Narrows

Mukesh Buch
26 Feb, 2013
New York City

Blue Dart fourth quarter net jumped 101%. Kalindee Rail extends losses ahead of railway budget. Pantaloon net swung to a loss and Ranbaxy quarterly loss narrowed. Sanofi India net jumped 24%. Kingfisher relinquishes international flight rights.

BASF Net Falls 13%, Vivendi Net Plunges 94%

Nigel Thomas
26 Feb, 2013
New York City

BASF fourth quarter net declined 13.4% and for the year net plunged 21%. Pandora plans to buy back 700 million kroner of shares this year. Vivendi earnings for the year tumbled 94%.

Wall Street Extends Global Advance, Sterling Falls on UK Downgrade

Nichole Harper
25 Feb, 2013
New York City

U.S. stocks extended global market advance after Italian elections are expected to deliver outcome favored by investors and Japan is likely to appoint the next head of central bank who prefers easier monetary policy. 2010 Gulf of Mexico oil spill trial began today against BP Plc.

Italian Exit Polls Suggest Luigi Leading Berlusconi

Barry Randall
25 Feb, 2013
New York City

Stocks across Europe soared and banks in Italy jumped more than 3% after early exit polls indicated results favored by markets. 2010 Gulf of Mexico oil spill trial against the BP Plc began in the U.S. and the company is also engaged in settlement talks with state governments.

U.S. Movers: Dillard's, Elan, FirstEnergy, Lowe

Mukesh Buch
25 Feb, 2013
New York City

Dillard''s fourth quarter net soared 14%. Elan Corp proposal of Royalty Management not lead to entire share capital of the company. FirstEnergy net swung to a $148 million loss and Lowe

Europe Movers: Pearson Profit Falls 54%, VW Profit Surges 41%

Nigel Thomas
25 Feb, 2013
New York City

Pearson, the book and newspaper publisher said operating profit for the year plunged 54% and Royalty Pharma agreed to acquire Elan Corp for $6.5 billion. Volkswagen profit for the year surged 40.9%.

Nikkei Soars 2.4% to 4-Year High on Region Trade Talks and BoJ Speculation

Hiruki Nakamura
25 Feb, 2013
New York City

The Nikkei in Tokyo soared on a speculation that the next appointee for the central bank leadership favors easier monetary policy. Prime Minister Abe showed readiness to enter Trans-Pacific Partnership trade talks.

Australian Indexes Gain; Beach Energy, Chevron in Shale Gas Partnership

Marcus Jacob
25 Feb, 2013
New York City

Australian stocks closed higher and the iron ore prices edged lower after a private survey in China indicated a slower manufacturing expansion in February. QBE is scheduled to release earnings tomorrow. Beach Energy and Chevron partner for shale gas exploration in South Australia.

India Movers: Deccan Chronicle, Jet Air, KSB Pump

Mukesh Buch
25 Feb, 2013
New York City

Claris Lifesciences fourth quarter net declined 27% and EIH net tumbled 28%. GMR Infrastructure plans to sell its 70% stake in a Singapore plant. KSB Pumps net climbed 21%. Power Finance Corp is seeking a bank license.

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