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U.S. Movers: Avon, Glaxo, Global Payments, Groupon, Express Scripts

Mukesh Buch
02 Apr, 2012
New York City

Avon rejected $10 billion offer from Coty. Glaxo raised its stake in Theravance. Global Payments third quarter net soared 21% and lifted full year revenue guidance. Groupon revised fourth quarter guidance. Express Scripts completed acquisition of Medco Health for $29.1 billion.

Euro Area Manufacturing Shrinks; Danish Retail Sales Fall

Arthi Gupta
02 Apr, 2012
New York City

Jobless rate in the euro area climbed, Danish retail sales fell and Swiss retail turnover growth eased in February. Manufacturing output contracted across the euro-zone in March.

European Indexes Sideways; Jobless Rate at 10.8%

Arthi Gupta
02 Apr, 2012
New York City

The European indexes lost early momentum after unemployment rose in February. Privately held cosmetic maker Coty offered to acquire U.S. based Avon Products for $10 billion. Barry Callebaut first-half net declined.

Nikkei Gains on First Day of New Finanical Year

Nigel Thomas
02 Apr, 2012
New York City

Stocks on the first day of a new financial year gained after investors shifted focus to opportunities linked to Japan reconstruction. The latest survey of big manufacturers showed no change in sentiment in the first quarter but automakers said sentiment improved for the third month in a row.

Australian Building Approvals Drop 7.8%; Stocks Inch Lower

Marcus Jacob
02 Apr, 2012
New York City

Australian stocks edged lower after residential building approvals declined 7.8% in February from January but home prices inched higher in large cities.

RiM Overhauls Management, Fifth Quarterly Sales Decline

Devan Biswas
30 Mar, 2012
New York City

Research in Motion announced more executive changes and vowed to focus on its core smartphone products as quarterly sales declined for the fifth quarter in a row.

U.S. Indexes Extend Gains; Consumer Spending Up 0.8%

Nichole Harper
30 Mar, 2012
New York City

U.S. stocks extend gains on the last day of the quartet and the benchmark index is set to close up 12% in the quarter. The stocks were higher after U.S. consumer spending rose 0.8% in February, the most in seven months and European ministers agreed to increase bailout fund size.

Australian Indexes Surge 7% in First Quarter

Marcus Jacob
30 Mar, 2012
New York City

Australian stocks eased on the last day of the quarter and the week. For the week the benchmark index gained 2% and soared 7% in the first quarter. Qantas announced fuel surcharge to recover some of the recent increase in fuel prices. Retailers rebound in the first quarter.

Europe Increases Bailout Fund to

Arthi Gupta
30 Mar, 2012
New York City

Finance ministers in Europe raised combined limit of bailout funds to $930 billion that may have to be revised higher in a year. Euro area annual inflation eased in March. German and Spanish retail sales fell in February.

U.S. Indexes in 3-day Losses; Oil Falls 2%

Bikram Pandey
29 Mar, 2012
New York City

U.S. stocks eased for the third day in a row on the rising worries about inflated domestic market valuations and the health of the economy in the euro zone. Best Buy plans to shutter 50 stores and a Korea based company may bid for operator of Payless ShoeSource. Crude oil decreased 2%.

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.

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