ticker

U.S. Movers: BorgWarner, Lennar Corp., Supervalu, Synnex, Tiffany

Mukesh Buch
11 Jan, 2012
New York City

BorgWarner expects 2012 earnings growth of 23% to 27%. Lennar Corp. fourth quarter net fell to $30.3 million. Supervalu third quarter net loss widened to $750 million. Tiffany net sales rose 7% to $952 million in the holiday period.

German Auction Drags European Indexes; Italian Yields Fall

Arthi Gupta
11 Jan, 2012
New York City

European markets edged lower after Germany sold

UK Trade Deficit Widens, Shop Price Inflation Eases

Arthi Gupta
11 Jan, 2012
New York City

The UK indexes declined on the mounting worries in the euro zone. The UK trade deficit widened in November and shop price inflation eased to 16-month low in December. BP and U.S.-based Sempra Energy planned $1 billion investment to develop wind farms.

U.S. Indexes Lower; Lennar Net Drops 5%

Arthi Gupta
11 Jan, 2012
New York City

The U.S. indexes declined ahead of the regional economic report from the Fed and Germany sold

German Economy Stalls; Spanish Output Deteriorates

Arthi Gupta
11 Jan, 2012
New York City

German economic growth stalled and Spanish output deteriorated for the third month in a row in November. The Italian budget deficit narrowed in the third quarter and Portuguese inflation eased in December.

Earnings Optimism Drives Global Indexes to 5-month Highs

Bikram Pandey
10 Jan, 2012
New York City

U.S. stocks traded higher and indexes hovered near 5-month high as earnings optimism lifted broader indexes. Banks in Europe were in focus as several banks prepare to raise capital to meet revised capital guidelines. Tiffany dropped more than 10% after it lowered annual outlook.

U.S. Movers: Alcoa, DSW, Jones Group, Juniper Networks, WD-40

Mukesh Buch
10 Jan, 2012
New York City

Alcoa fourth quarter net swung to $191 million. Corus Entertainment first quarter net rose to $52.7 million. DSW raised its annual diluted earnings per share outlook and Jones Group cut its fourth quarter revenue outlook. WD-40 first quarter net declined 25%.

UK Home Prices Fall, Retail Sales Improve; Cairn Energy Up

Arthi Gupta
10 Jan, 2012
New York City

The UK indexes traded higher after banking and mining stocks rose and retail sales improved but home prices continued to fall in December. Irish manufacturing output declined in November.

U.S. Indexes Rebound; Alcoa Swings to Loss

Arthi Gupta
10 Jan, 2012
New York City

The U.S. indexes gained on the earnings optimism and Alcoa kicked off earnings season with a loss. Banks were in focus ahead of earnings next week. Chinese trade surplus increased to $16.5 billion in December.

Nikkei in Tokyo Gains 0.4%; Olympus, Tepco Rise

Nigel Thomas
10 Jan, 2012
New York City

Stocks in Tokyo traded higher on the first day of trading after a 3-day weekend. Resources linked stocks traded higher but banks and insurance stocks faced headwinds. The yen rose to a 11-year high against the euro.

German Manufacturing Slows; French Sentiment Improves

Arthi Gupta
10 Jan, 2012
New York City

Manufacturing turnover in Germany eased, French industrial production rose, but retail sales in Denmark decreased in November. Swedish December budget deficit was lower than estimated by the debt office.

Australian Stocks Advance on Earnings Optimism

Marcus Jacob
10 Jan, 2012
New York City

Australian stocks advanced on the earnings optimism in the resource sector and residential buildings approvals increased 8.4% in November. Pacific Brands soared 14% after it received unsolicited takeover offer from the U.S. based leveraged buyout firm KKR.

European Indexes Jump 2.4%; UniCredit Offering Struggles

Arthi Gupta
10 Jan, 2012
New York City

European markets traded higher on the positive earnings outlook in the resource sector but UniCredit SpA struggled to raise capital. The Netherlands raised

Afternoon Rally Lifts Wall Street Indexes; Swiss Central Bank Chief Resigns

Bikram Pandey
09 Jan, 2012
New York City

U.S. stocks traded retained mild positive tone ahead of the start of the earnings season and European leaders staged yet another round of meetings to discuss debt crisis in the region. Swiss central bank resigned after a public outcry over his private currency trades.

U.S. Movers: Acuity Brands, Bristol-Myers, Mistras Group, Zep

Mukesh Buch
09 Jan, 2012
New York City

Acuity Brands first quarter net increased 23% to $29.9 million. Bristol-Myers Squibb acquired Inhibitex for $26 per share. Motorola Mobility estimates fourth quarter sales of $3.4 billion. Schnitzer Steel said first quarter net tumbled to $7 million.

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