- Nichole Harper
- 27 Oct, 2014
- New York City
Stocks on Wall Street eased following largest weekly gain in 22 months. Oil continued to slide as investors speculated global supply is rising faster than the demand. German business confidence dropped for the sixth month in a row.
- Nigel Thomas
- 27 Oct, 2014
- New York City
Novartis agreed to divest its influenza vaccines business to Australia-based CSL for $275 million. Petra Diamonds quarterly revenue climbed 55%. Saab signed $5.4 billion contract with Brazilian government for 36 Gripen fighters. TNT Express net swung to a loss of
- Hiruki Nakamura
- 27 Oct, 2014
- New York City
Nikkei 225 index in Tokyo traded higher and the yen eased against the dollar. Market indexes extended weekly gains after most banks in the euro zone passed the ECB stress test. Bank of Japan said service price index rose 3.5% in September from the previous month when prices were flat.
- Marcus Jacob
- 27 Oct, 2014
- New York City
Australian market indexes extended 2-week advance and banks were in focus ahead of quarterly results. Crude oil eased and the Aussie dollar gained against the U.S. dollar. CSL Limited agreed to acquire flu vaccine business of Novartis for $297.4 million.
- Mukesh Buch
- 27 Oct, 2014
- New York City
Amrutanjan Health Care quarterly profit surged 38%. Hindustan Unilever net jumped 8% on 11% increase in revenues. Indiabulls Securities profit climbed 27%. Kajaria Ceramics net soared 48%. Nerolac Paints net and revenue surged. Shanthi Gears profit plunged 60%.
- Bikram Pandey
- 24 Oct, 2014
- New York City
European markets traded lower ahead of bank stress report scheduled to be released this Sunday. European Central Bank is scheduled to take over as the euro zone
- Nigel Thomas
- 24 Oct, 2014
- New York City
Amazon.com Inc plunged as much as 10% after the online retailer reported larger-than-expected loss. The company also guided lower than expected revenue growth in the busy holiday period fourth quarter. Microsoft topped revenues expectations.
- Nichole Harper
- 24 Oct, 2014
- New York City
Wall Street indexes meandered after new home sales rose 0.2% in September. Earnings dominated market sentiment and Microsoft surged after reporting better than expected revenues. Amazon Inc plunged after reporting wider than expected loss. European Markets stepped back ahead of stress test results.
- Marcus Jacob
- 24 Oct, 2014
- New York City
Australian market indexes traded higher and closed up for the second week in a row. Annual general meetings season picks up in Sydney and AMP, ResMed and Qantas send positive outlook signals. For the week, ASX 200 index advanced 2.7%.
- Nigel Thomas
- 23 Oct, 2014
- New York City
AT&T Inc declined after the wireless carrier reported less than expected adjusted quarterly earnings. Air Methods Corp, medical air transportation services provider lowered earnings outlook. Cabelas Inc plunged 14% after comparable store sales in the quarter dropped 11%. Yelp plunged 9%.
- Nigel Thomas
- 23 Oct, 2014
- New York City
European markets advanced after private surveys showed manufacturing sector expanded in the euro zone and the largest economy in the region, Germany, showed expansion in October.
- Nichole Harper
- 23 Oct, 2014
- New York City
U.S. stocks advanced after initial claims of weekly jobless claims declined to near 14-year low. The U.S. dollar advanced and European markets gained after a private survey showed slight improvement in manufacturing outlook in Europe.
- Marcus Jacob
- 23 Oct, 2014
- New York City
Australian market indexes halted a seven-day rally after the Aussie dollar eased and a private survey showed better than expected manufacturing outlook. In thin trading stocks meandered. Rio Tinto extended contract with Chief Executive Sam Walsh as the miner battles takeover overtures from Glencore.
- Mukesh Buch
- 22 Oct, 2014
- New York City
ABB net plunged 12%. Boeing profit surged 18%. Biogen net climbed 76%. Dow Chemical net surged 43%. EMC net edged up. General Dynamics net jumped 7%. Thermo Fisher net soared 11%. Yahoo! Profit more than doubled.
- Nichole Harper
- 22 Oct, 2014
- New York City
Stocks on Wall Street retained upward momentum after consumer price index increased 0.1% in September. The sharp decline in energy price for the third month in a row. European markets gained on the expectations that the ECB is likely to announce more measures to stimulate the economy.