Nov 21, 2013 1:02 PM ET
U.S. market indexes advanced and earnings dominated sentiment. Initial weekly jobless claims in the last week declined 21,000 to 323,000. Wholesale prices fell in October. Sears loss widened and Target earnings fell.
Nov 21, 2013 12:11 PM ET
A panel of experts suggested $1.2 trillion government pension fund to diversify into broader and riskier assets from domestic bonds. Market indexes rebounded nearly 2% after the recommendation. Bank of Japan reaffirmed its bond purchase program.
Nov 21, 2013 11:43 AM ET
Australian stocks extended losses for the fourth day in a row and precious metal stocks led the decliners with a loss of 5%. BHP Chairman Jac Nasser said weakening Chinese trade will impact company revenue growth in the near future. CapitaLand cut its stake in Australand Property by 20%.
Nov 21, 2013 11:03 AM ET
Buckle net slid 3%. Dollar Tree net declined 21% but sales jumped. Donaldson net dropped 5% and sales climbed 14%. Green Mountain profit surged 38%. L Brands net plunged 25%. Sears said net loss widened. Target net plunged 46%. Williams-Sonoma net rose.
Nov 21, 2013 9:51 AM ET
Daily Mail profit plunged 23% on revenue fall of 8%. Johnson Matthey climbed 21% after revenue surged 31%. Mothercare said net loss narrowed. National Grid profit soared 26% to £1.35 billion and revenue climbed 11%. SABMiller net jumped 9%.
Nov 20, 2013 9:34 AM ET
Glaxo sold its stake in Aspen Pharma for £425 million. Swiss Re agreed to acquire 11.1% stake in Sul América from ING. ThyssenKrupp is in talks to sell its U.S. steel plant. Telecom plus profit jumped and agreed to buy 777,000 customers for £218 million from npower.
Nov 21, 2013 9:32 AM ET
Bombay Dyeing rose after High Court approved land exchange. Jet Airways board approved 24% stake sale to Etihad. NTPC received regulatory approval to raise Rs 1,750 crore tax-free bonds. ONGC signed agreement with PetroVietnam for joint exploration.
Nov 20, 2013 12:52 PM ET
Stocks on Wall Street gained and investors pinned hopes on higher holiday sales for retailers. Existing home sales eased in October and first-time home buyers stayed on sidelines for the third month in a row.
Nov 20, 2013 12:14 PM ET
Japan recorded sixteenth monthly trade deficit in a row and the shortfall nearly doubled from a year ago month in October. Deficit increased to $10.9 billion and exports rose more than expected 18% on 31% rise in automobiles shipments. Imports soared 26.4% on a surge in petroleum products demand.
Nov 20, 2013 12:11 PM ET
ADT net rose 2% as sales jumped 4%. Deere net soared 17% but sales fell 3%. JPMorgan agreed to settle mortgage related claims for $13 billion. Smucker net grew 3% and revenue dropped 4%. J.C. Penney net widened. Lowe’s net soared 26%. Staples net swung to a profit.