- Mukesh Buch
- 29 Oct, 2012
- New York City
Boardwalk Pipeline third quarter net surged 25% on storage revenue. Compass Minerals quarterly net plunged 73% on lower sales and Harris first quarter net swung to $85.8 million loss. Loews third quarter net climbed 9% to $177 million.
- Marcus Jacob
- 29 Oct, 2012
- New York City
Australian market indexes opened higher but trimmed gains at close. Vodafone Hutchison Australia, the struggling telecom operator plans to eliminate 500 positions or nearly 10% of its total staff.
- Arthi Gupta
- 29 Oct, 2012
- New York City
The European indexes edged lower. Spanish retail sales plunged in September and the UK home prices eased in October. Penguin and Random House agreed to combine their businesses.
- Arthi Gupta
- 29 Oct, 2012
- New York City
Pearson and Bertelsmann agreed to combine Penguin and Random House in a newly-created joint venture named Penguin Random House to create the world
- Arthi Gupta
- 29 Oct, 2012
- New York City
Pearson sales increased 5% and Sartorius operating earnings surged 22.7% to
- Bikram Pandey
- 26 Oct, 2012
- New York City
Indexes in Wall Street struggled to stay in the positive zone. For the week, the Nasdaq Composite index declined 0.4% and the S&P 500 index fell 1.6%. Investors focused on earnings and Amazon, Expedia, Goodyear Deckers Outdoor and CA were in focus.
- Nigel Thomas
- 26 Oct, 2012
- New York City
Nikkei index in Tokyo turns lower from the four-week high after Asian markets drop and more companies report weak earnings outlook. Fanuc lowered its earnings outlook for the current year by 2% and NTT DoCoMo cut its estimate by 9%. Panasonic is expected shrink its mobile business.
- Marcus Jacob
- 26 Oct, 2012
- New York City
Australian market index declined 0.8% and extended losses for the week to 2%. The dollar held firm. Macquarie Group said first half net income increased on lower operating costs. AMP said third quarter cash flow increased on the growth in self-managed super annuation funds.
- Mukesh Buch
- 26 Oct, 2012
- New York City
Amazon third quarter net swung to loss and Aon gained 3% on lower tax rate. Comcast profit surged 132% on higher ad rates for Olympics. Merck quarterly net increased and cuts outlook. Rockwell Collins fourth quarter net dropped 13% and reiterated fiscal guidance.
- Arthi Gupta
- 26 Oct, 2012
- New York City
U.S. indexes traded higher after gross domestic product expanded at 2% annual rate in the third quarter. TransDigm agreed to acquire the pump and engine control systems business of Goodrich for $236 million.
- Arthi Gupta
- 26 Oct, 2012
- New York City
The European indexes declined. The euro area leading economic index fell in September and German consumer confidence estimated to rise in November. Spanish jobless rate rose in the third quarter. Italy raised
- Arthi Gupta
- 26 Oct, 2012
- New York City
Ericsson earnings slumped 42% but Statoil net surged 47% in the third quarter. Technicolor quarterly revenue rose 10.9% to
- Bikram Pandey
- 25 Oct, 2012
- New York City
Stocks struggled and indexes stayed near the flat line after several corporations report weaker than expected results. Pearson and Bertelsmann are looking to merge their publishing divisions. Berkshire Hathaway won a bankruptcy auction of subprime loans from Residential Capital.
- Mukesh Buch
- 25 Oct, 2012
- New York City
Aetna third quarter net gained 2% on higher premiums. Altria quarterly net tumbled 44%. Biogen third quarter net jumped 13%. Colgate-Palmolive plans to reduce workforce by 6%. Occidental Petroleum third quarter net declined 22% to $1.38 billion.
- Arthi Gupta
- 25 Oct, 2012
- New York City
U.S. indexes advanced after weekly jobless claims declined 23,000 to 369,000 and durable goods orders rebounded in September. Colgate plans to slash 6% global workforce by 2016.