- Nichole Harper
- 06 May, 2014
- New York City
Stocks on Wall Street declined and trade deficit and latest earnings also affected market sentiment. U.S. trade deficit in March dropped 3.6% and exports rose 2.1%. AIG reported first-quarter net declined.
- Nigel Thomas
- 06 May, 2014
- New York City
Bayer agreed to acquire consumer care business from Merck for $14.2 billion. BMW profit surged 11% to
- Marcus Jacob
- 06 May, 2014
- New York City
Australian index closed higher after a rollercoaster ride and Reserve Bank of Australian left its key lending rate at record low 2.5%. The rates have been held for nine months in a row. March trade surplus narrowed but iron ore exports rose.
- Mukesh Buch
- 06 May, 2014
- New York City
HDFC net climbed 16%. Nelco net loss narrowed. Pantaloons net loss widened after sales barely rose 2%. Punj Lloyd won Rs 1,270 crore expressway project in Yemen. Titan profit soared 12%. United Bank of India profit surged.
- Nigel Thomas
- 05 May, 2014
- New York City
Wacker Chemie profit surged
- Mukesh Buch
- 05 May, 2014
- New York City
AAON net surged 38% on 14% increase in revenues. BroadSoft plunged after net loss widened. Koppers profit plummeted 80%. Pfizer net plunged 15% and sales fell 9%. SYSCO net declined 10% but sales jumped 3%. Tyson Foods quarterly net soared.
- Nichole Harper
- 05 May, 2014
- New York City
U.S. stocks opened lower after tensions between Russia and Germany and U.S. escalated and China manufacturing index showed larger than expected contraction. Gold gained 1.2%. Target CEO Steinhafel resigned following data breach in December. Pfizer net dropped 15%.
- Marcus Jacob
- 05 May, 2014
- New York City
Australian stocks closed slightly higher in a quiet trading ahead of RBA meeting tomorrow. The central bank is expected keep record low interest rates as building approvals contracted 3.5% in March. Westpac Banking Corp reported quarterly net income increased 10%.
- Mukesh Buch
- 05 May, 2014
- New York City
ABB net jumped 20% but sales fell. Ajanta Pharma profit surged 159%. Ashok Leyland sales in April declined 21%. Grasim sales and profit jumped. RCom net tumbled 49% but R Capital profit rose. Tata Motors April sales dropped 34%.
- Mukesh Buch
- 02 May, 2014
- New York City
Chevron net plunged 27% and revenue dropped 6%. CVS Caremark net surged 18%. Cooper Tire net and sales jumped. Fluor profit plummeted 10%. LinkedIn net swung to a loss. Marsh & McLennan net climbed 7%. Sempra Energy profit surged 39%.
- Nigel Thomas
- 02 May, 2014
- New York City
AstraZeneca board rejected revised
- Nichole Harper
- 02 May, 2014
- New York City
U.S. stocks failed to build on the better-than-expected monthly payrolls increase in April. Employers at all levels added 288,000 jobs and March increase was revised higher to 203,000. However, labor participation rate declined to 35-year low of 62.8%.
- Hiruki Nakamura
- 02 May, 2014
- New York City
For the week, the Nikkei index slipped 0.4% and investors reacted to domestic earnings. Asahi fiscal year sales increased 10%. Axial Retailing annual net surged 39%. Idemitsu Kosan annual revenues rose 15% but net plunged 28%.
- Marcus Jacob
- 02 May, 2014
- New York City
Australian stocks closed higher and for the week the benchmark index declined 1.3%. Stock trading turnover was dipped below 60-day average and investors focused on domestic earnings. Myer quarterly sales declined 1%. Macquarie Group annual net income soared 49%.
- Mukesh Buch
- 02 May, 2014
- New York City
Bata India net rose 2% and revenue climbed 9%. HeidelbergCement India net swung to profit after sales soared. KEC Intl net swung to a profit. Merck profit climbed 75%. NOCIL net tumbled 55% but sales surged 46%. Shriram City Union Finance net soared 20%.