- Nichole Harper
- 17 Jul, 2013
- New York City
Stocks on Wall Street gained after Fed Chairman Bernanke reassured financial market about the longevity of the monetary stimulus and flexible approach of the central bank. Abbott Labs, Bank of America, CSX and Mattel were in focus after earnings release.
- Mukesh Buch
- 17 Jul, 2013
- New York City
Abbott second quarter revenue rose but net plunged 72%. Bank of America and Bank of New York net surged. CSX and Mattel quarterly net soared 18%. St. Jude Medical profit plunged 36%. PNC Financial net jumped 10%.
- Nigel Thomas
- 17 Jul, 2013
- New York City
U.S. federal energy regulator fined Barclays for
- Nigel Thomas
- 17 Jul, 2013
- New York City
European markets rebounded from morning losses and traded higher after a string of earnings reports from L
- Mukesh Buch
- 17 Jul, 2013
- New York City
Development Credit Bank net surged. HDFC Bank net and revenue in the first quarter surged. L&T won new construction order worth $350 million in Oman.
- Hiruki Nakamura
- 17 Jul, 2013
- New York City
Stocks in Tokyo closed higher for the third day in a row and investors looked ahead to elections on Sunday. Ruling coalition is expected to win a majority in the upper house of the parliament. Mitsubishi Motors soared 11%.
- Marcus Jacob
- 17 Jul, 2013
- New York City
Australian stocks closed lower after trading sideways and investors looked overseas for future direction. BHP Billiton reported record production in five commodities and petroleum production increased less than expected 6% in the year to June. Billabong soared 34% on a debt purchase agreement.
- Nichole Harper
- 16 Jul, 2013
- New York City
U.S. indexes traded lower after consumer price index increased 0.5% in June and industrial production rose 0.3%. Earnings at Goldman Sachs were ahead of expectations but Coca-Cola earnings and revenues lagged expectations.
- Mukesh Buch
- 16 Jul, 2013
- New York City
Brown & Brown second quarter net soared 22% as revenue climbed 12%. Baidu plans to acquire 91 Wireless for $1.9 billion. Citigroup net jumped 11% but Charles Schwab net dropped 7%. Coca-Cola net rose 4% to $2.68 billion. Goldman Sachs net doubled and J&J net soared 171%.
- Nigel Thomas
- 16 Jul, 2013
- New York City
Chinese police lists charges against local unit of Glaxo. Rio Tinto second quarter production climbed and reaffirmed its full-year guidance. Swedbank net income slumped to 1.59 billion kronor. Telecom Italia delayed its plan to spin-off its fixed-line.
- Hiruki Nakamura
- 16 Jul, 2013
- New York City
Stocks in Tokyo gained after the yen declined and exporters led the advance. Investors shifted focus to quarterly profit and looked for profit improvement linked to weaker yen. Best Denki soared 14% on four-fold increase in earnings.
- Marcus Jacob
- 16 Jul, 2013
- New York City
Australian indexes closed flat after cautious statement from the central bank held out optimism for a rate cut in the future. Rio Tinto said second quarter iron ore production increased 7% and it is on track to cut exploration spending by $750 million.
- Mukesh Buch
- 16 Jul, 2013
- New York City
Ashok Leyland net swung to loss as sales plunged 22%. Advanta net swung to a profit as sales surged. CMC first quarter net declined 13%. Reliance Infra profit grew 2.4%. TTK Prestige net declined 16%.
- Nigel Thomas
- 15 Jul, 2013
- New York City
Market indexes in Europe extended gains of last week but trimmed early advance. Resource and commodities linked companies gained after China
- Devan Biswas
- 15 Jul, 2013
- New York City
Economic growth in the second quarter to June slowed to 7.5% after government cracked down on construction activities and also exports slowed. Industrial production slowed to 8.9%, slowest since 2009.