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Europe Movers: Aurubis, Renault, BHP, Dexia, Sports Direct, Societe Generale

Arthi Gupta
13 Dec, 2012
New York City

Renault sells remaining 6.5% stake in Volvo for SEK 12.78 billion. Aurubis quarterly net slumped 35%. Dexia agreed to sell its asset management business to GCS Capital for

Fed Links Rate Target to Unemployment Rate of 6.5%

Bikram Pandey
12 Dec, 2012
New York City

Fed in its latest action to buy more Treasury bonds next year followed up on its earlier promise to support the economy and shift attention to lowering unemployment. However, Fed also said it cannot counter entirely the effects of fiscal cliff if lawmakers fail to negotiate a budget agreement.

U.S. Movers: Costco, Dolby, Greif, Joy Global, TNS

Mukesh Buch
12 Dec, 2012
New York City

Costco first quarter net surged 30% to $416 million and Central Garden & pet net loss widened. Dolby declared one-time special dividend of $4 a share. Joy Global fourth quarter net climbed 23% to $212.6 million. TNS agreed to a leveraged buyout offer from Siris Capital Group for $862 million.

U.S. Import Prices Fall, Markets Higher on Fed Expectations

Arthi Gupta
12 Dec, 2012
New York City

The U.S. indexes climbed ahead of Fed announcement and import prices fell in November. Chesapeake agreed to sell remaining midstream assets to Access Midstream for $2.16 billion. Costco quarterly net surged 30%.

Ministers to Discuss European Banking Union, Rosneft to Buy TNK-BP Stake

Arthi Gupta
12 Dec, 2012
New York City

European ministers are expected advance banking union negotiations today. Greece plans to buyback

Europe Movers: BHP Billiton, Fraport, Carillion, Peugeot, Inditex, Rosneft

Arthi Gupta
12 Dec, 2012
New York City

Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to

Nikkei in Tokyo Trades at 8-Month High

Nigel Thomas
12 Dec, 2012
New York City

Stocks in Tokyo held gains after North Korea successfully launched long-range rocket in defiance of international sanction. Defense contractors gained. The yen edged lower and resource sector stocks advanced after iron ore price rose.

Australian Markets Extend Gains on German Data

Marcus Jacob
12 Dec, 2012
New York City

Australian indexes extended gains for the second day on the rising iron ore prices and improving international economic sentiment. The latest German business confidence improvement added to positive momentum after China reported a rise in retail sales and industrial production.

Utilities Lead Decliners in Tokyo Trading, Resona and Banks to Loan Sharp

Nigel Thomas
11 Dec, 2012
New York City

The benchmark index in Tokyo edged lower for the second day in a row. Resona Holdings joined a group of three banks to offer an emergency loan of $4.4 billion to Sharp Corp.

Australian Index at Yearly High

Marcus Jacob
11 Dec, 2012
New York City

Australian benchmark index jumped to a high in the year after iron ore prices surged to the level last seen in July. Resource sector stocks led the gainers. Downer EDI jumped after it agreed to a settlement related to a Singapore tunnel dispute.

U.S. Movers: ABM Industries, Dollar General, Delta Air Lines, Ferrellgas

Mukesh Buch
11 Dec, 2012
New York City

ABM Industries fourth quarter net surged 54% and Dollar General third quarter net soared 22% to $208 million. Delta Air Lines agreed to buy 49% stake in Virgin Atlantic valued $360 million. Ferrellgas first quarter net loss narrowed.

U.S. Sells AIG Stake for $7.6 Billion, Delta Takes 49% Share in Virgin

Arthi Gupta
11 Dec, 2012
New York City

The U.S. Treasury sold its remaining stake in AIG. Belden agreed to acquire PPC for $515.7 million. Texas Instruments narrowed its estimated ranges for revenue and earnings per share.

HSBC Settles Money Laundering Charges for $1.9 B, European Markets Higher

Arthi Gupta
11 Dec, 2012
New York City

The European indexes rose after German economic confidence rebounded in December. French payroll employment fell in the third quarter. UK home prices declined in November.

Europe Movers: ThyssenKrupp, HSBC, ACE, Diageo, Whitbread

Arthi Gupta
11 Dec, 2012
New York City

ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.

Resurgent Chinese Economic Data Lift Global Markets

Bikram Pandey
10 Dec, 2012
New York City

Stocks in New York gained following resurgent economic data from China. Growth in exports fell in November but retail sales and industrial production were sharply rebounded. Euro declined after the unexpected resignation from Italian prime minister.

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