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U.S. Economy Shrinks in Q4, Military Spending Plunges 22%

Nichole Harper
30 Jan, 2013
New York City

Stocks in New York traded sideways after economy shrank unexpectedly in the fourth quarter on the decline in government spending and a sharp fall in military spending.

U.S. Movers: Amazon.com, Boeing, Eli Lilly, L-3, Valero

Mukesh Buch
30 Jan, 2013
New York City

Amazon.com fourth quarter net declined 45% and Eli Lilly net slipped 4%. L-3 Communications dropped 23% and Rockwell Automation first quarter net declined 12%. Boeing fourth quarter net dropped 30% and Valero Energy net surged to $1.01 billion.

Nikkei Above 11,000, First Time in Nearly 3-Years

Nigel Thomas
30 Jan, 2013
New York City

The Nikkei index closed above 11,000 for the first time since April 201. Market extended rally to 28% that began in mid-November. Canon after the close reported 26% increase in operating income. Yahoo Japan soared after buy back announcement. Central Japan Railway Corp said net jumped 49%.

Ten Day Rally in Australian Stocks, Coles Sales Higher

Marcus Jacob
30 Jan, 2013
New York City

Australian indexes gained higher for the tenth day in a row and indexes closed at new 21-month highs. Financials led the decliners and resource stocks gained. Wesfarmers declined despite the retail division Coles reported higher sales.

India Movers: Blue Dart, EIL, Glenmark, Nalco, Pidilite, RIL, Titan

Mukesh Buch
30 Jan, 2013
New York City

Blue Dart third quarter net surged 101% and Crompton Greaves net swung to loss. EIL net declined 12.5% and Glenmark net jumped 375%. IOB and L&T Finance slid as third quarter non-performing assets increased. Nalco net surged 132%. RIL raised $800 million from senior perpetual notes.

Europe Movers: Anglo American, Philips, RBS, William Hill

Barry Randall
29 Jan, 2013
New York City

Anglo American, the iron ore miner, gained after it reported lower than expected write down of $4 billion at its mining operation in Brazil. Royal Bank of Scotland faces criminal probe linked to rate rigging and may pay as much as 500 million pounds in fines.

European Markets at 2-Year Highs, German Confidence Improves

Barry Randall
29 Jan, 2013
New York City

European markets advanced to new 23-month highs. Consumer confidence index in Germany suggested an improvement but the index in France held steady. Retail sales in Spain declined for the 30th month in a row. Philips gained on better-than-expected earnings.

U.S. Home Price Increase Accelerates, Confidence Dips

Nichole Harper
29 Jan, 2013
New York City

Market index in New York traded sideways after consumer confidence index dropped to the lowest since November 2011. Metropolitan home price index rose at the fastest pace in November in nearly six years. Hess surged after a hedge fund pushed for a breakup. Horton jumped on quarterly results.

U.S. Movers: Danaher, Ford, Hess, Illinois Tool, Pfizer, T. Rowe, Yahoo

Mukesh Buch
29 Jan, 2013
New York City

Danaher fourth quarter net climbed 10% and Ford net plunged 88%. Hess exits refining and storage terminals management business on the East Coast. Illinois Tool quarterly net surged 121%. Pfizer net surged to $6.31 billion. T. Rowe net soared 23% and Yahoo net declined 8%.

Nikkei Advances on Bank Earnings Optimism, Mothers Index Soars

Marcus Jacob
29 Jan, 2013
New York City

The Nikkei index extended gains and broader markets focused Topix index gained to rise 26% since November 14. Banks and financial lenders rose on the hopes that latest quarterly results will surpass the expectations. Smaller cap focused index soared 48% in the year so far.

Australian Stocks in Bull Market Phase, Flood Claims Surge

Marcus Jacob
29 Jan, 2013
New York City

Australian markets added 1.1% and extended six months gain to bull market territory. Flood claims increased to 10,000 and total damages are expected to reach $100 million. Financial markets regulator stricter compliance at Macquarie Equities.

India Movers: Dabur, Sterlite Net Jump; Kalpataru, Torrent Net Drop

Mukesh Buch
29 Jan, 2013
New York City

Dabur third quarter net soared 22.2% and Idea Cellular profit climbed 12.16%. Kalpataru Power net dropped 12.8%. Neyveli Lignite net surged 19.8% and Reliance Capital net jumped 68%. Sterlite Ind. net soared 30%. Torrent Power net declined 55%.

European Markets Steady, Pound at 6-Month Low

Barry Randall
28 Jan, 2013
New York City

European markets steadied after a six-week rally that lifted indexes to multi-year highs. The UK pound declined to a six-month low against the dollar and fell to a 14-month low against the euro after weak GDP data.

Wall Street Hits Pause After 4-Week Run, Toyota Leads Global Auto Sales

Nichole Harper
28 Jan, 2013
New York City

Market indexes rested in New York after S&P 500 index crossed a give-year high at the end of last week. Durable goods orders increased more than expected in December. Caterpillar reported better than expected earnings. Toyota Motor surpassed GM with 9.75 million global auto sales.

U.S. Movers: Biogen, Caterpillar, Compuware, Roper, Twitter, Sony

Mukesh Buch
28 Jan, 2013
New York City

Biogen fourth quarter net slipped 3% and Caterpillar net plunged 55% to $697 million. Compuware rejected buyout offer from Elliott Management Corp. Roper net earnings soared 18%.

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