Arthi Gupta
18 May, 2012
New York City
The European indexes extended losses for the fourth week and politicians across the region express confidence in the euro even after Greek exit. ArcelorMittal agreed to sell its steel distribution business to Nucor for $605 million. DSM agreed to acquire Ocean Nutrition Canada for C$540 million.
Bikram Pandey
17 May, 2012
New York City
Stocks in New York trading declined and S&P 500 index extended losses for the fifth day in a row. The euro zone turmoil and the growing contagion risk in the region dragged markets on both sides of the Atlantic. Facebook is expected to price its public offering at $38 a share and raise $16 billion.
Mukesh Buch
17 May, 2012
New York City
Dollar Tree first quarter net increased 15% to $116 million. Sears first quarter net swung to $189 million profit and plan for a partial spin-off. Ross Stores first quarter net soared 21% to $208.6 million and Wal-Mart increased 10% to $3.74 billion.
Arthi Gupta
17 May, 2012
New York City
U.S. indexes traded lower tracking the European markets. U.S. weekly jobless claims were nearly unchanged at 370,000 and foreclosure activity fell in April. Agilent agreed to acquire Denmark-based Dako for $2.2 billion and Boyd Gaming agreed to buy Peninsula Gaming for $1.45 billion.
Marcus Jacob
17 May, 2012
New York City
Stocks in Tokyo rebounded in choppy trading after GDP in the last fiscal quarter to March increased 4.1% from a year ago. The GDP declined 0.01% in the year after exports plunged on supply chain disruptions. Toshiba said it will stop making television sets in Japan as the unit declares a loss.
Mukesh Buch
17 May, 2012
New York City
Australian stocks made a feeble attempt to rebound as mining and banking stocks traded volatile. BHP walked out of a mining venture in north Queensland and said the project is unviable. Coalworks asked shareholders to reject a takeover bid.
Arthi Gupta
17 May, 2012
New York City
The European indexes fell on the ongoing worries in Greece. Spain returned to recession in the first quarter. The International Monetary Fund estimates the Italian economy to contract this year. E.ON agreed to sell its gas transmission company to a consortium for about
Mukesh Buch
15 May, 2012
New York City
Agilent Technologies second quarter net surged 28% and lifted outlook. Groupon first quarter net loss narrowed 92% and guided second quarter revenue to increase between 40% and 50%. Home Depot first quarter net increased 28% to $1.04 billion and TJX surged 58% to $419.2 million.
Mukesh Buch
14 May, 2012
New York City
Avon said it will respond to the takeover deal from Coty for $10.7 billion. InterOil first quarter net surged more than twelve folds and Seadrill first quarter net plunged 50% to $439 million. Silver Wheaton first quarter net increased 20% to $147.2 million.
Mukesh Buch
11 May, 2012
New York City
CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.
Mukesh Buch
10 May, 2012
New York City
ArcelorMittal first quarter net declined 928% to $11 million and Activision net dropped 24% to $384 million. Cisco third quarter net surged 20% to $2.2 billion. Coty revised its offer for Avon. Kohl''s first quarter net declined 23% to $154 million. News Corp. third quarter net soared 47% to $937 mn.
Mukesh Buch
09 May, 2012
New York City
AOL first quarter net surged 349% on advertising growth. Dean Foods first quarter net soared 50% and Enbridge first quarter net declined 27% to $264 million. Macy’s first quarter net surged 38% to $181 million. Walt Disney second quarter net soared 21% to $1.14 billion.
Mukesh Buch
08 May, 2012
New York City
DirecTV first quarter net increased 8% to $731 million on little subscriber growth and Discovery Communications net declined 28% to $221 million. Electronic Arts fourth quarter net surged 165% to $400 million. Fossil first quarter net rose 4.2% and raise fiscal revenue outlook.
Bikram Pandey
16 May, 2012
New York City
U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The euro slid and oil and precious metals weakened.
Mukesh Buch
16 May, 2012
New York City
Deere & Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook.
