U.S. Movers: Buckle, Cato, Dollar Tree, Ross Stores, Sears, Wal-Mart
Dollar Tree first quarter net increased 15% to $116 million. Sears first quarter net swung to $189 million profit and plan for a partial spin-off. Ross Stores first quarter net soared 21% to $208.6 million and Wal-Mart increased 10% to $3.74 billion.
U.S. Weekly Jobless Claims Flat, Wal-Mart Net up 10%
U.S. indexes traded lower tracking the European markets. U.S. weekly jobless claims were nearly unchanged at 370,000 and foreclosure activity fell in April. Agilent agreed to acquire Denmark-based Dako for $2.2 billion and Boyd Gaming agreed to buy Pen...
Japan GDP Expands in March Quarter, Volatile Stocks in Tokyo
Stocks in Tokyo rebounded in choppy trading after GDP in the last fiscal quarter to March increased 4.1% from a year ago. The GDP declined 0.01% in the year after exports plunged on supply chain disruptions. Toshiba said it will stop making television ...
Spain Enters Recession, Italian Economy Likely to Shrink
The European indexes fell on the ongoing worries in Greece. Spain returned to recession in the first quarter. The International Monetary Fund estimates the Italian economy to contract this year. E.ON agreed to sell its gas transmission company to a con...
Weak Miners and Banks in Australia; CBA Net Jumps 3%
Australian stocks made a feeble attempt to rebound as mining and banking stocks traded volatile. BHP walked out of a mining venture in north Queensland and said the project is unviable. Coalworks asked shareholders to reject a takeover bid.
Euro Weakens, Oil and Gold Extend Losses; Greece in Focus
U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The ...
Deere & Co., Target Net Up; Abercrombie & Fitch, Staples Net Fall
Abercrombie & Fitch first quarter net tumbled 88% to $3 million. Abiomed fourth quarter net income swung to $2.57 million. Chico’s FAS first quarter net rose 1.2% to $53.6 million. Deere & Co. second quarter net soared 17% to $1.06 billion. Target fi...
U.S. Movers: Chico’s FAS, Deere & Co., J. C. Penney, Staples, Target
Deere & Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook.
U.S. Housing Starts Rise, Permits Fall; Merkel Comments Calm Investors
U.S. indexes edged higher after housing starts rose in April. GE agreed to acquire Australia-based Industrea in a deal valued at approximately A$700 million and Fairchild International in support of the global expansion of its mining business.
Nikkei Declines on Foreign Funds Outflow and Global Worries
Nikkei index in Japan dropped below 8,800 for the first time in two months on the growing worries in the euro zone and more outflows from international funds.
Australian Markets Plunge to 2-month Low, Dollar Slumps
Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and t...
Fresh Greek Elections in June, EADS Swings to Profit
The European indexes edged lower. Fresh elections will be held in Greece in June. Euro area annual inflation eased and jobless claims in the UK fell unexpectedly in April. EADS lifted full year earnings outlook.
