Autstralian Indexes Up 5% in January; Woolworths Sales Rise
Australian stocks edged lower today but surged in the month on the optimism that the euro zone will succeed in containing its debt crisis. For the month, the benchmark index added 5.1%. Woolworths comparable sales in December increased 4.1% and decided...
EU Adopts Fiscal Compact; ThyssenKrupp, Outokumpu in €2.7 B Deal
European leaders agreed on the fiscal compact that will pave the way for the European Central Bank involvement. Czech Republic and UK dissented. ThyssenKrupp agreed to sell its Finnish unit for €2.7 billion.
Greek Crisis, EU Summit Sway Global and U.S. Markets
Stocks in New York traded lower as European leaders gather in Brussels one more time to devise plans to contain debt crisis. Banks and resources in New York and Europe declined. Exxon sold its majority stake in a Japan based refinery. U.S. Treasury bon...
U.S. Movers: ABB, Gannett Co., Ingles Markets, Pep Boys, Wolverine
ABB agreed to acquire Thomas & Betts Corp. for $3.9 billion. Thomas & Betts fourth quarter net increased to $56.8 million. Gannett Co., fourth quarter net slumped 33% to $116.9 million. Pep Boys acquired by private equity firm The Gores Group for $1 bi...
Thomas & Betts Net Rises; Gannett Co., Haemonetics Net Fall
Gannett Co., fourth quarter net slumped 33% to $116.9 million. Haemonetics third quarter net decreased 8% to $18.3 million. MicroStrategy fourth quarter net slipped to $9 million. Old National Bancorp fourth quarter net surged three folds to $22.2 mn. ...
UK Home Prices Flat; Ryanair Swings to Profit
The UK indexes declined as banks and miners fell today and home prices were flat in January. Centrica agreed to acquire non-operated interests in the Statfjord energy field for £142 million.
Pep Boys Goes Private, ABB to Acquire Thomas & Betts
The U.S. indexes fell as leaders in Europe gather to discuss the debt crisis. Exxon decided to sell its stake in a Japanese refinery for $3.9 billion. Switzerland-based ABB agreed to buy Thomas & Betts for $3.9 billion and Pep Boys agreed to be acquire...
Retailers and Banks Drag Australian Stocks Lower
Australian stocks and indexes edged lower on the worries that four largest banks may face another ratings downgrade and retailers ease as the dollar strengthened. Transurban chief executive resigned.
Euro Area Sentiment Improves; Spanish Economy Shrinks 0.3%
German wholesale sales eased and the Spanish economy contracted in the fourth quarter. Euro area economic confidence improved but Italian business confidence declined in January.
Italy Auctions €7.5 B of Debt; Philips Swings to Loss
European markets edged lower ahead of the EU leaders meeting in Brussels later today and Italy auctioned €7.5 billion in long-term debt today at lower yields. ABB agreed to acquire Thomas & Betts for $3.9 billion. Philips swung to quarterly loss.
Economic Recovery Falls Short of Expectations; U.S. Stocks Zigzag
U.S. indexes fell after the latest economic growth data failed to spark enthusiasm. Ford Motor reported a large net profit on one-time tax gains but operating net lagged on weak Asian and European results. Markets indexes in Europe declined after Greek...
U.S. Movers: Amgen, Chevron, Caterpillar, Ford, Procter & Gamble, Starbucks
Amgen fourth quarter net slipped to $937 million. Chevron fourth quarter net decreased to $5.1 billion and Caterpillar fourth quarter net surged 60% to $1.54 billion. Ford fourth quarter net surged to $13.6 billion. Procter & Gamble second quarter net ...
