- Bikram Pandey
- 16 Aug, 2012
- New York City
The latest read on housing market and jobless claims added to the string of improving U.S. economic data. Stocks were higher after the largest networking equipment maker Cisco reported better than expected earnings Facebook extended the loss to a 60% plunge from the IPO price.
- Nigel Thomas
- 16 Aug, 2012
- New York City
Stocks in Japan gained and the benchmark index Nikkei closed at a 6-week high after the yen fell. Comments from Chinese premier and the weakness in the yen prompted a sharp reversal in exports linked companies.
- Marcus Jacob
- 16 Aug, 2012
- New York City
Australian stocks surged after the latest batch of earnings lifted sentiment. Coles supermarket division of Wesfarmers reported a surge in sales and earnings. Wealth manager AMP reported 7% increase in first half sales. However, the exchange operator ASX said annual net declined 4%.
- Sarla Buch
- 16 Aug, 2012
- New York City
Dollar Tree second quarter net climbed 26% and Perrigo fourth quarter net jumped 27%. Ross Stores second quarter net soared 23% and Sears Holdings net loss narrowed. Wal-Mart second quarter climbed 5.7% to $4.02 billion.
- Mukesh Buch
- 16 Aug, 2012
- New York City
Applied Materials third quarter net plunge 54.2% and estimated current quarter sales to fall below estimate. Agilent net fell 26%. Cisco fourth quarter net soared 56% to $1.92 billion. Limited Brands second quarter net dropped 37.9% and NetApp net tumbled 54.3%.
- Arthi Gupta
- 16 Aug, 2012
- New York City
U.S. indexes rose on positive comments from the Chinese premier. New housing construction in the U.S. fell but weekly jobless claims edged higher in July. Cisco net surged 55.6% in the fourth quarter.
- Arthi Gupta
- 16 Aug, 2012
- New York City
Zurich Insurance earnings fell 19% and Telekom Austria revenues declined 4.2% in the second quarter. Basilea Pharmaceutica net loss widened and SBM Offshore swung to profit in the first-half.
- Arthi Gupta
- 16 Aug, 2012
- New York City
The European indexes traded lower awaiting central bank action. German employment rose in the second quarter, the UK retail sales rose unexpectedly and euro zone annual inflation was stable in July. Telekom Austria earnings rose in the second quarter.
- Bikram Pandey
- 15 Aug, 2012
- New York City
U.S. markets traded sideways and Industrial output increased in July but manufacturing index fell in New York region. European markets eased and gold, copper and oil traded higher. Asian markets were flat and Shanghai index fell 1.1%. Markets in India were closed to celebrate Independence Day.
- Nigel Thomas
- 15 Aug, 2012
- New York City
Stocks in Tokyo eased and steel makers led the decliners on the worries that the demand from China was waning. Gree Inc, the social gaming site operator dropped 7% after estimating lower than expected annual outlook.
- Marcus Jacob
- 15 Aug, 2012
- New York City
Australian investors sought the safety in local economy oriented companies. Commonwealth Bank reported record $7 billion profit for the year ending in June. OZ Minerals dropped 7% after it reported rising profits but operating costs rose more than expected.
- Mukesh Buch
- 15 Aug, 2012
- New York City
Deere third quarter net jumped 11% and provides fiscal outlook. KIT digital said second quarter net loss widened to $151.1 million and Staples plunged 31.8%. Carlyle Group acquired Getty Images for $3.3 billion. Target said second quarter net flat.
- Arthi Gupta
- 15 Aug, 2012
- New York City
U.S. indexes dropped after consumer prices remained unchanged in July. Carlyle agreed to acquire Getty Images for $3.3 billion. Global Payments agreed to buy Accelerated Payment for $413 million in cash. Abercrombie quarterly net fell but Deere earnings rose.
- Arthi Gupta
- 15 Aug, 2012
- New York City
Balfour Beatty first-half revenue rose 6% but Eurasian Natural Resources pre-tax profit plunged 59%. Hennes & Mauritz total July sales increased 11%. Carlsberg second quarter net revenue improved 5%.
- Arthi Gupta
- 15 Aug, 2012
- New York City
The European indexes edged lower in weak trading across the region. The UK jobless claimant count fell unexpectedly in July. Hungarian production eased in June. Lloyds Banking agreed to sell a portfolio of private equity investments for