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Stocks in Shanghai, Hong Kong Edge Higher; Cathay Pacific Net Triples

Devan Biswas
09 Mar, 2011
New York City

Stocks in Shanghai were flat and investors focused on domestic issues. The policy makers are expected to announce more measures to curb property speculation and facilitate the sale of affordable homes. Hong Kong index increased as banks gained.

Nikkei in Japan Up 0.6%, Machinery Orders Up 4.2%; KDDI Gains

Nigel Thomas
09 Mar, 2011
New York City

Stocks in Japan increased after oil prices eased and indexes in Europe and U.S. closed higher in overnight trading. Machinery orders in January increased 4.2% on higher overseas demand. Dainippon Screen, Dai-Ichi Life and Yasakawa were added to Nikkei 225 Stock Average.

OZ Minerals to Pay $250 Million for Carapateena Project; Qantas Hikes Fares

Marcus Jacob
09 Mar, 2011
New York City

Stocks in Australia declined as metals and energy prices eased in international markets. OZ Minerals agreed to pay $250 million to acquire a copper-gold project in South Australia. Resource stocks and banks closed lower in trading.

Luxottica Q4 Earnings Call Transcript

123jump.com Staff
09 Mar, 2011
New York City

The eyewear maker quarterly net sales rose 18.2% to

U.S. Stocks Push Higher as Oil Drifts Lower; Bank of America Up 4%

Bikram Pandey
08 Mar, 2011
New York City

U.S. indexes jumped after oil prices eased as OPEC members talk to increase oil production and France, UK and Italy step up pressure on Gaddafi regime in Libya and U.S. mulls a military response. Banks rally after Bank of America estimated as much as $40 billion in earnings.

U.S. Movers: Casey

Mukesh Buch
08 Mar, 2011
New York City

Netflix declined more than 4% after Warner Bros. agreed to sell movies through Facebook. MoneyGram recap plan will assign 85% stake to Goldman Sachs and Thomas H. Lee partners. Casey

UK Retail Sales Decline, Home Prices Flat; Antofagasta Net Soars

Arthi Gupta
08 Mar, 2011
New York City

The UK indexes fell after retail sales declined and home prices eased in February. The BCC lowered growth outlook for the UK. Xstrata got approval for $4.2 billion southern Peru Las Bambas copper project. Old Mutual fiscal year 2010 sales grew.

Oil Dips on Production Hike Talks; Libya in Focus

Arthi Gupta
08 Mar, 2011
New York City

U.S. indexes rose after oil prices eased and OPEC members talk to ramp up oil production. U.S. consumer credit soared in January and a private survey showed confidence among employers increased. Air China agreed to buy five Boeing 747-8 jets. Dick''s Sporting quarterly net rose.

German Orders Rebound; Kl

Arthi Gupta
08 Mar, 2011
New York City

The European indexes gained after German factory orders rebounded in January. French business sentiment remained flat in February. Swiss and Czech jobless rate fell in February. Kl

Sensex in India Rebounds; Hero to Buy Honda's 26% Stake

Devan Biswas
08 Mar, 2011
New York City

Stocks in Mumbai rebounded on the second day after a regional party that earlier withdrew its support to the ruling coalition in New Delhi. The slight decline in oil price also lifted sentiment in trading. Hero Investments agreed to acquire the 26% stake from Honda in Hero Honda.

Hang Seng Rebounds 1.7%; China Vanke Net Up 37%

Devan Biswas
08 Mar, 2011
New York City

Shanghai indexes declined as policy makers continue the debate about economic reforms and discussed plans to abolish one-child policy. Hong Kong stocks rose after sentiment improved. China Vanke said 2010 net surged 37%. Chinese navy prepares for a 4-day exercise with Pakistan.

Merger Deals Drive Japan Trading Sentiment; Hitachi, Terumo Up

Nigel Thomas
08 Mar, 2011
New York City

Stocks in Japan gained after two merger deals. Hitachi rose after it sold its hard disk unit for $4.3 billion and Terumo purchased blood transfusion technology maker for $2.7 billion. Nomura prepares for global expansion after it appointed its first female chief financial officer.

Australian Investors Look Beyond Oil; Amcor, Visy Settle Price-fixing Case

Marcus Jacob
08 Mar, 2011
New York City

Australian stocks closed higher as investors focused on domestic economic developments. Amcor and Visy Group settled price-fixing case for nearly $700 million. Amcor completed the sale of 550 million euro bonds.

U.S. Indexes Turn Lower, Oil Advances to Fresh 30-month Peak

Bikram Pandey
07 Mar, 2011
New York City

The Dow, the S&P 500 and the Nasdaq indexes turned negative after oil resumed its advance for the fourth week as fighting in the Middle East intensified. European markets turned lower after Greek debt was downgraded. Luxury retailers rise after LVMH agreed to acquire a controlling stake in Bulgari.

U.S. Movers: Ciena, Kronos, LVMH, Sasol, Western Digital

Mukesh Buch
07 Mar, 2011
New York City

Ciena first quarter net loss widened to $79.0 million. Kronos fourth quarter net income of $36.4 million. LVMH agreed to take control of Bulgari SpA. New Gold fourth quarter net earnings surged to $72.8 million. Shenandoah fourth quarter net income in the quarter plunged.

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