- Nichole Harper
- 16 Oct, 2013
- New York City
U.S. stocks advanced on the hopes that the latest Senate agreement will become a law before the debt ceiling expires tomorrow. However, the short term agreement set up another round of confrontation in early January. China is looking to alternatives to U.S. government bonds.
- Mukesh Buch
- 16 Oct, 2013
- New York City
Abbott net plunged 50% but sales rose 2%. Bank of America surged to $2.5 billion. BlackRock net jumped 14%. Bank of New York net surged 34%. Intel net soared 48% and Grainger net surged 36%. Yahoo net plunged 91%.
- Hiruki Nakamura
- 16 Oct, 2013
- New York City
Stocks in Tokyo gained the in the final hour of trading and the yen fell. Murata Manufacturing is expected to revise its takeover offer for Tokyo Inc. The yen remained in focus as world investors begin a search for alternative to dollar as political dysfunction in the U.S. drags on.
- Nigel Thomas
- 16 Oct, 2013
- New York City
ASML Holding plunged 13%. Danone reported flat third quarter revenues. IMI agreed to sell beverage division for
- Marcus Jacob
- 16 Oct, 2013
- New York City
Australian markets traded higher and markets in Asia gained in thin volume. Australian dollar closed at 95.22 U.S. cents as investors look for alternative to the U.S. dollar.
- Mukesh Buch
- 15 Oct, 2013
- New York City
Charles Schwab net climbed 17% but revenue jumped 15%. Citigroup net plunged 23% but revenue soared 13%. Coca-Cola net jumped but sales decreased 3%. Domino
- Nigel Thomas
- 15 Oct, 2013
- New York City
AstraZeneca agreed to acquire Spirogen for $440 million. Burberry first-half revenue climbed and chief executive officer resigned to join Apple. Rio Tinto lifted production outlook. SoftBank agreed to buy Supercell for $1.5 billion.
- Nichole Harper
- 15 Oct, 2013
- New York City
World markets remained optimistic as the U.S. neared debt default date on Thursday. Senate plan only funds the government for three more months and crisis is expected to reappear in late January. Rating agencies are still quiet on the U.S. sovereign outlook.
- Hiruki Nakamura
- 15 Oct, 2013
- New York City
Stocks in Tokyo rebounded after a 3-day holiday weekend and the yen weakened. Japanese companies are expected to report better than earnings on weaker yen. More than 24 companies are scheduled to release earnings this week.
- Marcus Jacob
- 15 Oct, 2013
- New York City
Australian and Asian markets traded higher and commodities prices gained. Business finance commitment rose 7% in August but personal lending dropped 2.6% in Australia. Australian dollar inched higher.
- Mukesh Buch
- 15 Oct, 2013
- New York City
Bajaj Corp profit dropped and sales climbed. Fortis Health sold its 6% stake Hong Kong subsidiary to Bupa for $355 million. HDFC Bank and IndusInd Bank profit soared. RIL profit rose 1.5% on weak refining margin and 15% increase in sales. TCS profit jumped.
- Mukesh Buch
- 14 Oct, 2013
- New York City
ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.
- Nichole Harper
- 14 Oct, 2013
- New York City
U.S. market indexes traded lower as the debt default date approaches and rating agencies remain quiet. The dollar eased and credit default swaps on U.S. Treasuries rose to 39 basis points. European markets trade lower in cautious trading.
- Nigel Thomas
- 14 Oct, 2013
- New York City
Dassault Systemes revenue jumped 4% to
- Hiruki Nakamura
- 14 Oct, 2013
- New York City
Trade surplus in September month declined as exports rose less than expected and imports surged on higher commodities prices and volumes. In addition, China said inflation picked up in September.