- Nichole Harper
- 19 Apr, 2013
- New York City
Tech heavy Nasdaq led the market indexes on Wall Street with a surge of 1.2%. Earnings dominated trading sentiment after Google and Microsoft reported better than expected earnings and IBM fell short of expectations.
- Hiruki Nakamura
- 19 Apr, 2013
- New York City
Markets in Tokyo advanced after Finance Minister Aso said G20 minister failed to criticize stimulus and the yen weakening. The yen is likely to weaken further and market indexes are expected to rise in the next two weeks as the earnings season gather momentum.
- Mukesh Buch
- 19 Apr, 2013
- New York City
GE first quarter net soared 14% but highlighted weak economic environment in Europe. Google net surged 16% and Honeywell net slid. Net income at IBM fell 1%. Microsoft third quarter net climbed 19% and Schlumberger first quarter net declined 3% to $1.3 billion.
- Jeffrey Gogo
- 19 Apr, 2013
- New York City
Financial markets across the European Union rebounded with a lift in resource stocks. Commodities stabilized at the end of a volatile week but weak global market outlook overshadowed market trading. Banks are ahead of schedule to repay a portion of loans from the European Central Bank next week.
- Marcus Jacob
- 19 Apr, 2013
- New York City
Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.
- Nigel Thomas
- 19 Apr, 2013
- New York City
L''''Oreal said first quarter revenue jumped 5.1% to
- Nichole Harper
- 18 Apr, 2013
- New York City
U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.
- Nigel Thomas
- 18 Apr, 2013
- New York City
Debenhams profit for the first-half slid to
- Mukesh Buch
- 18 Apr, 2013
- New York City
BB&T first quarter net plunged 51% and eBay net soared 19% but offered weak outlook. Morgan Stanley net swung to $958 million profit and Mattel first quarter net surged nearly four-fold. SanDisk net soared 46%.
- Jeffrey Gogo
- 18 Apr, 2013
- New York City
European markets rebounded a day after a rout in commodities price and weak auto sales across the currency zone. UK retail sales growth declined in March on the coldest temperatures since 1962. Portugal proposed new austerity measures.
- Mukesh Buch
- 18 Apr, 2013
- New York City
CRISIL fourth quarter net declined 15% and Essar Ports net swung to profit. Government controlled HMT soared on speculation of capital injection. IndusInd Bank fourth quarter net climbed 37.6% and MRF second quarter net jumped 40%.
- Marcus Jacob
- 18 Apr, 2013
- New York City
Australian stocks plunged in the late afternoon to extend the daily loss to 1.6% in the broader indexes. Commodities declined and copper dipped to the price last seen in October 2011. Resource sector index dropped more than 4%.
- Nichole Harper
- 17 Apr, 2013
- New York City
Stocks on Wall Street declined as global growth worries resurfaced and the latest batch of earnings disappointed analysts. European auto sales dropped for the eighteenth month in a row. Bank of America, Intel and CSX traded lower after reporting earnings.
- Mukesh Buch
- 17 Apr, 2013
- New York City
Abbott first quarter net plunged 56% and BofA net surged to $2.26 billion. Intel net plunged 25% to $2.04 billion. Linear third quarter jumped 13%. Bank of New York first quarter net swung to $266 million loss. Yahoo first quarter net jumped 92% to $390 million.
- Jeffrey Gogo
- 17 Apr, 2013
- New York City
European markets declined on weak auto sales and the IMF lowered its global growth outlook. Auto sales in Germany plunged 17% and Peugeot Citroen lowered its annual outlook.