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U.S. Movers: Best Buy, Movado, Paychex, Red Hat, Shaw Group, Mosaic

Mukesh Buch
29 Mar, 2012
New York City

Best Buy Co. reported lower than expected quarterly loss and plans to close 50 U.S. stores. Movado fourth quarter net income swung to $10.7 million. Mosaic declined after Potash sales and third quarter net plunged. Red Hat fourth quarter net grew 7.5% to $36 mn and announced a stock buyback plan.

Jobless Claims at New 4-year Low; GDP Growth Estimated at 3%

Nichole Harper
29 Mar, 2012
New York City

U.S. stocks fell for the third day in a row but are set to close the first quarter as the best since April 1998 with the S&P 500 index up 10.9%. Fourth quarter GDP growth was estimated at 3% in the final estimate. European markets declined after labor strikes in Spain paralyzed the nation.

Nikkei Extend Losses; Foreign Investors Cut Net Positions

Nigel Thomas
29 Mar, 2012
New York City

The benchmark index declined for the second day and extended two-day losses to 1.5%. Foreign investors cut stock positions last week after adding for twelve weeks in a row. Sharp advanced for the second day after it sold a stake to Taiwan based Hon Hai Precision.

National Strike in Spain; Euro Zone Sentiment Dips

Arthi Gupta
29 Mar, 2012
New York City

European indexes edged lower and the euro area sentiment, German jobless rate and UK home prices dropped in March. The number of mortgage approvals in the UK fell in February. Spanish strike paralyzed the nation and Italy sold

Australian Stocks Ease; Leighton Cuts Profit Outlook

Marcus Jacob
29 Mar, 2012
New York City

Australian stocks eased as investors shifted focus to international markets and the dollar eased. Leighton Holdings cuts its annual profit outlook on cost overruns at two key projects in Australia.

Stocks on Wall Street Fall; Oil, Copper, Gold Ease

Bikram Pandey
28 Mar, 2012
New York City

U.S. indexes wavered and extended two day losses to 1.5% after energy complex stocks declined. Crude oil eased after European nations and U.S. consider releasing oil from strategic oil reserves. Gold, silver and copper fell.

U.S. Movers: Family Dollar, Lindsay, PVH, Synnex, Teavana, Tyco

Mukesh Buch
28 Mar, 2012
New York City

Family Dollar lifts full year earnings forecast on second quarter net rose 11% to $136.4 million. PVH 2012 projected revenue to be flat or up to 2%. Progress Software first quarter net declined 64% and Synnex Corp. first quarter net soared 28.6% to $38.2 mn. Teavana fourth quarter net surged 36%.

Durable Orders Rise 2.2%; Pentair, Tyco Flow in $10 B Merger

Nichole Harper
28 Mar, 2012
New York City

Stocks in New York were little changed in early trading after durable goods orders rose less than expected in February. Civilian aircraft orders increased 1.6% in the month. Pentair soared 18% after it agreed to merge with flow and control business of Tyco values at $4.6 billion.

Stocks in Tokyo Ease; Hon Hai to Invest $806 Million in Sharp

Nigel Thomas
28 Mar, 2012
New York City

The benchmark index in Tokyo traded lower as most stocks trade ex-dividend. Railroad and bus operator Tokyu Corp after it estimated lower than expected operating earnings. Chemical maker Nippon Kayaku Corp declined after nine-month operating net fell 14%.

Italy Raises

Arthi Gupta
28 Mar, 2012
New York City

European indexes fell after Italy auctioned

New 2012 High in Australian Index

Marcus Jacob
28 Mar, 2012
New York City

Australian benchmark index increased 1% and closed at a new high on a broad rally that lifted materials, financials and consumer staples. Bank of Queensland soared 8% after it reopened. Australian dollar slipped to $1.043.

U.S. Housing Market Data Drag Indexes; Oil, Gold in Choppy Trading

Bikram Pandey
27 Mar, 2012
New York City

U.S. indexes wavered after consumer sentiment edged lower but held near one-year high and metropolitan home prices fell for the fifth month in a row. Prices declined in 17 of the 20 cities tracked. World markets extended gains and crude oil prices edged lower.

U.S. Stocks Trim Gains; Confidence and Home Price Indexes Fall

Nichole Harper
27 Mar, 2012
New York City

Stocks in New York pared gains after consumer confidence edged lower in March and metropolitan home prices fell in January. European leaders appear to be ready to expand the bailout fund and markets in Japan jumped to the pre-disaster level last year.

Nikkei Rebounds to Surpass March 11 Close Last Year

Nigel Thomas
27 Mar, 2012
New York City

The Nikkei index in Tokyo rebounds to cross the level last seen on March 11 a year ago when triple disaster crippled the nation and left 19,000 missing or dead. The index jumped on the last day to capture dividend from most companies.

Australian Indexes at 1-month High; Nufarm Net Jumps Four-fold

Marcus Jacob
27 Mar, 2012
New York City

Australian benchmark indexes extended gains to a 4-week high. Resource linked stocks, banks and retailers led the gainers. Fertilizer maker Nufarm said first half net income quadrupled.

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