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U.S. Indexes at 6-week Low; World Markets Slide on Japan Quake Impact

Bikram Pandey
14 Mar, 2011
New York City

U.S. indexes declined as global markets fell and Japan appeals for international aid and struggles to prevent a nuclear meltdown. U.S. indexes fell to six-week low. European market indexes fell more than 1% as energy prices decline and metals prices fall.

U.S. Movers: Berkshire Hathaway, Ebix, Lubrizol, Presstek, Seaspan

Mukesh Buch
14 Mar, 2011
New York City

Berkshire Hathaway agreed to buy Lubrizol Corp for $9.7 billion. Ebix fourth quarter net income increased 32% to $15.9 million. Gulfport Energy net income in the quarter rose 57.1% to $14.3 million. Seaspan fourth quarter net income increased 89.6% to $141.6 million.

UK Indexes Drop; BP and TNK in Russia Disagree

Arthi Gupta
14 Mar, 2011
New York City

The UK indexes dropped as the devastating earthquake in Japan added to a growing list of worries ranging from the Middle East turmoil and European sovereign debt default. BP and TNK-BP talks ended in a stalemate over Rosneft deal.

U.S. Indexes Falter; Berkshire Hathaway, Lubrizol in $9.7 B Deal

Arthi Gupta
14 Mar, 2011
New York City

U.S. indexes declined as Japan earth quake added to worries related to Saudi Arabia and Libya. The OECD leading index rose in January. Berkshire Hathaway agreed to acquire Lubrizol for $9.7 billion. Eli Lilly offered to buy Janssen Animal Health.

Euro Area Industrial Production Flat; Areva, Swiss Re, Munich Re Fall

Arthi Gupta
14 Mar, 2011
New York City

European markets traded lower after a summit of European leaders failed to calm credit markets. Insurers fell on the worries that Japan quake related claims may surge to $34 billion. France Telecom-Orange and Agility venture acquired 44% stake in Iraq-based Korek Telecom.

Sensex in India Surges 1.4%; Reliance Life Sells 26% Stake to Nippon Life

Devan Biswas
14 Mar, 2011
New York City

Stocks in Mumbai trading surged after crude oil prices eased. The benchmark Sensex index soared 1.4% and Reliance Industries and state controlled refineries gained more than 5%. Reliance Capital soared 10% after it sold 26% stake in its life insurance subsidiary to Nippon Life.

Nikkei in Tokyo Plunges 6.2%; Bank of Japan Adds Liquidity

Nigel Thomas
14 Mar, 2011
New York City

The benchmark index in Tokyo plunged more than 6% and the central bank pumped short term liquidity to stem the rise in the yen. Automakers suspended production and insurance companies led the decliners and construction companies led the gainers as Tokyo Stock Exchange imposes daily trading limit.

Uranium Miners Lead Australian Stocks Lower; QBE Estimates $125 M Loss

Marcus Jacob
14 Mar, 2011
New York City

Australian indexes closed lower for the fifth day in last six trading sessions. The Australian dollar in a volatile session edged lower and QBE Insurance estimated its share of Japan tsunami losses not to exceed $125 million. Uranium miners led the decliners.

U.S. Markets Rebound on Higher Retail Sales and Lower Crude Oil

Bikram Pandey
11 Mar, 2011
New York City

U.S. indexes rebounded after retail sales were ahead of expectations and crude oil prices declined. Japan struggles in the aftermath of the strongest earthquake on record as Tokyo residents face power loss and damaged transportation system.

U.S. Movers: AnnTaylor, Aeropostale, Ulta Salon, Valero, Zumiez

Mukesh Buch
11 Mar, 2011
New York City

AnnTaylor fourth quarter net income surged to $7.97 million. Aeropostale quarterly net income declined 13.3% to $83.8 million. Air Methods net income soared 450% to $12.6 million. Pall Corp. second quarter net earnings soared 52.5% to $75.6 million.

Tsunami Near Japan Sets Off Alarm Bells in 50 Nations

Bikram Pandey
11 Mar, 2011
New York City

World markets are on the edge as most nations touched by the Pacific Coast prepare to battle tsunami unleashed by the strongest earthquake felt in three centuries near the northern coast of Japan. Hawaii and the West Coast of the U.S. and Australia and New Zealand are expected to hit with waves.

UK Indexes Slip; Record Factory Gate Inflation

Arthi Gupta
11 Mar, 2011
New York City

The UK indexes declined tracking the declines in the European and world markets. The UK factory gate inflation rose to 28-month high in February. BP expanded biofuels business in Brazil. Chevron agreed to sell Pembroke Refinery and certain UK assets to Valero Energy for $1.73 billion.

U.S., World Indexes Drop; U.S. Retail Sales Improve

Arthi Gupta
11 Mar, 2011
New York City

U.S. indexes extend world market losses after Japan was struck with the strongest earthquake in three centuries that triggered 10-meter tsunami and warnings for 50 countries. U.S. retail sales rose in February. Ashford Hospitality venture acquired Highland Hospitality portfolio for $1.3 billion.

Euro-zone Inflation Rises; Sweden Jobless Rate Drops

Arthi Gupta
11 Mar, 2011
New York City

German wholesale price inflation accelerated in February. Inflation in euro area rose in February and economic growth was mixed. Swedish jobless rate fell in February. Hungary, Czech Republic and Bulgaria lowered their estimates of quarterly GDP growths.

European Indexes Slump; Saab Wins SEK1.16 Billion Order

Arthi Gupta
11 Mar, 2011
New York City

The European indexes plunged after Japan was hit by an earthquake of 8.9 that triggered tsunami with waves 10 meters high. Sweden-based Saab won order for weapon system. Brainspark signed deal with Italy-based Gruppo Bancario Mediterraneo. Fraport annual net surged 80%.

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