- Mukesh Buch
- 24 Jan, 2013
- New York City
Apple said first quarter net was nearly flat. Bristol-Myers fourth quarter net jumped 9% and Lockheed Martin profit dropped 17%. Union Pacific quarterly net jumped 7% to $1.04 billion.
- Nigel Thomas
- 24 Jan, 2013
- New York City
Stocks in Tokyo gained for the first time in four days after manufacturing expanded at the fastest pace in five months. The components makers for Apple declined after the phone maker reported stagnant earnings.
- Marcus Jacob
- 24 Jan, 2013
- New York City
Stocks in Australia traded at a new 20-month high after the latest manufacturing survey from China showed continued strength. Fortescue Metals iron shipment was ahead of expectations. OZ Minerals plunged on copper production outlook.
- Mukesh Buch
- 24 Jan, 2013
- New York City
Andhra Bank third quarter net declined 15.2%. Educomp signed agreement with Kaizen and Bertelsmann for $5 million investment. HDIL tumbled 22% as managing director Sarang Wadhawan lowered his stake. L&T net surged 13% and Reliance Communications profit declined 43.3%.
- Bikram Pandey
- 23 Jan, 2013
- New York City
Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings.
- Barry Randall
- 23 Jan, 2013
- New York City
BHP Billiton gained after it reported gains in petroleum products and iron ore production and reaffirmed 2013 outlook. Unilever increased 3% after sales and earnings rose more than expected. Novartis advanced on better than expected sales outlook for 2013.
- Barry Randall
- 23 Jan, 2013
- New York City
European markets closed mixed after the latest batch of earnings from Unilever and Novartis. Resource stocks were higher after BHP Billiton reported higher production in the latest quarter. Banks were under pressure on profit taking after 10% surge in the year.
- Nichole Harper
- 23 Jan, 2013
- New York City
Tech stocks in New York traded higher after Google, IBM and AMD reported better than expected results. Apple is scheduled to release earnings after the close. The International Monetary Fund lowered its estimate for the global economic growth to 3.5%.
- Marcus Jacob
- 23 Jan, 2013
- New York City
Nikkei index declined for the third day in a row as investors shifted attention to corporate earnings and the yen firmed. Bank of Japan set a 2% target and pledged to purchase assets from 2014. TDK dropped 4% on the earnings worries.
- Mukesh Buch
- 23 Jan, 2013
- New York City
Abbott fourth quarter net declined 35% and General Dynamics net swung to $603 million profit. Google profit jumped 7% and IBM net climbed 6%. McDonald
- Marcus Jacob
- 23 Jan, 2013
- New York City
Australian stocks closed at a new 20-month high after latest inflation data was below estimate and BHP Billiton reported higher sales and held its target for iron ore production growth of 3% in 2013. Linc Energy soared after it revised its energy estimate at shale operation in South Australia.
- Mukesh Buch
- 23 Jan, 2013
- New York City
Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.
- Bikram Pandey
- 22 Jan, 2013
- New York City
Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.
- Barry Randall
- 22 Jan, 2013
- New York City
European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.
- Nichole Harper
- 22 Jan, 2013
- New York City
Stocks in New York declined after existing home sales declined unexpectedly in December. Microsoft may contribute as much as $1 billion in a deal to acquire computer maker Dell. Verizon Communications reported wider loss and Johnson & Johnson net surged.