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U.S. Jobless Claims Rise, Retailers Drive December Sales on Deep Discounts

Nichole Harper
03 Jan, 2013
New York City

Stocks on Wall Street traded sideways after weekly jobless claims rose more than expected and private sector added 215,000 net new jobs in December. For the year, U.S. economy has added 151,000 net new jobs. Retailers reported comparable sales increased 4.5% on deep discounting.

India Movers: Geometric, NMDC, Tata Motors, Zodiac

Mukesh Buch
03 Jan, 2013
New York City

Indian Overseas Bank approved equity rights issue. Manappuram Finance surged on the expectations that the Reserve Bank may increase loan-to-value ratio on gold loans to 75%. Ramky Infrastructure arranged debt syndication.

U.S. Movers: Family Dollar, M, Ross Stores, SunPower, UniFirst, Worthington

Mukesh Buch
03 Jan, 2013
New York City

Family Dollar first quarter net edged up and lifted second quarter outlook. Macy

Australian Dollar, Stocks Advance; Brambles Completes Pallecon Purchase

Marcus Jacob
03 Jan, 2013
New York City

Australian stocks advanced to a new 19-month high following a rally in international markets. The Aussie dollar gained and resource stocks advanced after prices of crude oil jumped to a two-month high and metals prices increased.

Wall Street Extends Global Surge, Attention Shifts to Debt Talks

Bikram Pandey
02 Jan, 2013
New York City

Market indexes on Wall Street soared after lawmakers approved smaller tax increases and spending cuts and avoided the economy from sliding into a recession. Manufacturing expanded but construction activity fell. Markets in Europe and Asia soared at least 2%.

Australian Dollar Gains, Second Annual Home Price Decline in 2012

Marcus Jacob
02 Jan, 2013
New York City

Australian markets traded higher and stocks gained on the first day of trading. The Aussie dollar gained against the U.S. dollar and Japanese yen after iron ore prices rose to a new 8-month high.

India Movers: Aurobindo, Bajaj Auto, Gitanjali, SBI, Vadilal

Mukesh Buch
02 Jan, 2013
New York City

Bajaj Auto declined after January unit sales rose 18% to 3,13,583 units. Hero Honda plunged 5% after third quarter net profit decreased 20%. NMDC rose 0.2% on third quarter net profit soared 81.4%.

U.S. Movers: ArcelorMittal, Avis Budget, Acadia Healthcare, Middleby

Mukesh Buch
02 Jan, 2013
New York City

Avis Budget agreed to acquire Zipcar for $500 million. Acadia Healthcare completed acquisitions of Behavioral Centers and AmiCare. Middleby agreed to buy Viking valued at $380 million in cash.

U.S. Movers: Brady, Cal-Maine, Duff & Phelps, LMI Aerospace

Mukesh Buch
31 Dec, 2012
New York City

Brady Corp. agreed to purchase Precision Dynamics for $300 million. Cal-Maine second quarter net declined 39%. Duff & Phelps agreed to be acquired by a consortium of funds including Carlyle Group. LMI Aerospace completed acquisition of Valent Aerostructures for $237 million.

Australian Index in Yearly Gain of 15%, Sundance Inches Closer to Takeover

Marcus Jacob
31 Dec, 2012
New York City

Australian markets eased on the last day of trading. For the year, the benchmark index gained 14.6%, the best annual increase since 2009. Sundance Resources inched closer in completing its $1.4 billion deal with China based Hanlong Group.

Volatile Fiscal Talks Yield No Accord, Duff & Phelps to go Private

Arthi Gupta
31 Dec, 2012
New York City

The U.S. indexes extend world markets slide after weekend discussions among lawmakers failed to produce budget accord after rounds of discussions. Duff & Phelps agreed to be acquired by a consortium for $665.5 million. Clean Harbors completed its acquisition of Safety-Kleen for $1.25 billion.

Hollande Tax Plan Rejected, EC Approves Dexia Resolution Plan

Arthi Gupta
31 Dec, 2012
New York City

The European indexes traded sideways on U.S. fiscal cliff worries. French reject higher tax proposals. The UK housing equity withdrawal was

World Markets Slide as Fiscal Cliff Looms

Bikram Pandey
28 Dec, 2012
New York City

U.S. indexes extended losses for the fifth day in a row as fiscal cliff is away three days. Market indexes dropped 1% as lawmakers gather for one last time to narrow budget differences. Crude oil price gained and base metal prices inched higher.

Washington Gridlock Drags Indexes for Fifth Day

Nichole Harper
28 Dec, 2012
New York City

U.S. stocks suffer broad losses after Washington gridlock showed no sign of easing. President Barack Obama and congressional leaders are gathering in the White House to avert fiscal cliff that could cut off jobless benefits and delay filing of tax returns for millions of people.

French Economic Growth Lowered to 0.1%, Spanish Retail Sales Fall

Nigel Thomas
28 Dec, 2012
New York City

UK store visits on Boxing Day barely increased 0.6%. French economic growth in the third quarter was lowered to 0.1%. Unemployed persons in France increased in November. Italy completed

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