ticker

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.

Stocks on Wall Street Rise on Earnings and German Confidence Data

Nichole Harper
22 Feb, 2013
New York City

U.S. stocks traded higher after Hewlett Packard and AIG results surpassed expectations. In addition, German business confidence index rose in February lifting the outlook for world exports. European Commission lowered its economic assessment of the region.

Tokyo Stocks Pare Losses, Exporters, Financials Lead Decliners

Hiruki Nakamura
22 Feb, 2013
New York City

Stocks in Tokyo traded rebounded after a day of sell-off and morning weakness. The yen eased but the makers of automobiles and electronics fell and financials led the decliners. Prime Minister Shinzo Abe is scheduled to hold a summit with the U.S. President Barack Obama.

Australian Markets Rebound; Billabong Forced to Revise Debt Terms

Marcus Jacob
22 Feb, 2013
New York City

Financial markets in Sydney traded higher after slightly positive comments from RBA Governor Glenn Stevens. Billabong reported a large loss and was forced to revise its debt terms with banks. Casino operator Crown reported 40% decline in first half profit.

U.S. Movers: AIG, Abercrombie, HP, Heinz, Safeway, Washington Post

Mukesh Buch
22 Feb, 2013
New York City

AIG fourth quarter net swung to a loss and Abercrombie & Fitch climbed more than two-fold. Hewlett-Packard first quarter net plunged 16% and said no plans to break up. Heinz third quarter net jumped 5% and Washington Post posted quarterly net swung to a loss.

Europe Movers: Elan, Millennium & Copthorne, SES, Valeo

Nigel Thomas
22 Feb, 2013
New York City

Elan Corp plans to buy back $1 billion of stock. Millennium & Copthorne Hotels profit for the year plunged 11% and slipped 2% for the fourth quarter. SES SA profit climbed 5% to

India Movers: Adani Power, Gujarat Gas, Jet Airways, SKF India, Voltas

Mukesh Buch
22 Feb, 2013
New York City

Gujarat Gas fourth quarter net surged 182.4%. Hindustan Motors in talks with European sports utility vehicle makers. Etihad chairman said it needs to revise the deal with Jet Airways. SKF India net declined 20.2%. Voltas joined hands with Benninger AG for marketing and selling.

U.S. Jobless Claims Rise 20,000; Existing Home Sales Gain 0.4%

Nichole Harper
21 Feb, 2013
New York City

Market indexes in New York declined after Fed comments rattled market nerves. Existing home sales increased 0.4% in January and inventories of unsold homes dropped 25% from a year ago month. Weekly jobless claims rose 20,000. Wal-Mart lifted its dividend.

Widespread Losses in European Markets on Weak Economic Data

Barry Randall
21 Feb, 2013
New York City

Euro zone markets fell sharply after the latest data manufacturing and service sector index showed a shrinking growth rate. Markets in Paris, London and Frankfurt dropped more than 1.7%. Markets in Milan declined 3% ahead of general election this weekend.

U.S. Movers: Chesapeake, Dana, Fluor, Quanta, Wal-Mart

Mukesh Buch
21 Feb, 2013
New York City

Chesapeake fourth quarter net declined 40% and Dana Holding net climbed 27%. Fluor Corp net swung to a loss and Quanta Services net surged 49%. Tesla Motors net loss widened and Wal-Mart net jumped 9% to $5.61 billion.

Nikkei Fall 1.4% in Asian Sell-off

Hiruki Nakamura
21 Feb, 2013
New York City

Tokyo markets declined in a regional selloff and energy and metal prices fell. Machinery exporters to China closed lower on the worries that China may tighten lending to curb property speculation. NTT East plans 20% reduction in staff.

Market Update