- Arthi Gupta
- 01 Aug, 2012
- New York City
European markets overlooked the weakening manufacturing in the euro zone and in Germany and focused on the central bank action as early as this week. Manufacturing recession deepened in the euro area with UK manufacturing at 38-month low in July. BMW quarterly net fell 28%.
- Bikram Pandey
- 31 Jul, 2012
- New York City
U.S. indexes closed down 0.4% and traded sideways ahead of the Fed decision tomorrow. Earnings release pace accelerated in the U.S., Europe, Japan and India.
- Sarla Buch
- 31 Jul, 2012
- New York City
Arrow Electronics second quarter net plunged 26.7% and Fiserv fourth quarter net surged 118% to $161 million. NiSource second quarter net surged 73% and Tyco International third quarter net declined 33% to $242 million.
- Mukesh Buch
- 31 Jul, 2012
- New York City
Aetna second quarter net declined 15% to $457.6 million. BP plc swung to a quarterly loss and Coach fourth quarter net soared 24%. Humana net slipped 22.6% and Marathon Petroleum net soared 34%. Pfizer second quarter net surged 25% to $3.25 billion.
- Nigel Thomas
- 31 Jul, 2012
- New York City
Japanese investors faced a barrage of earnings from 270 companies. Panasonic reported seven-fold increase in operating income and Mitsui O.S.K. guided first half operating profit. Mitsubishi Electric earnings were ahead of expectations and Horikuku net jumped 58%.
- Marcus Jacob
- 31 Jul, 2012
- New York City
Australian stocks extended gains for the fourth day in a row and the benchmark ASX 200 index added 4.3% in the month. The dollar edged higher. Breville Group gained after it estimated full-year earnings growth of 40%.
- Arthi Gupta
- 31 Jul, 2012
- New York City
U.S. indexes rose after better-than-estimated corporate earnings. Home price index declined 0.7% in May and U.S. personal income rose more than estimated in June. Valero, U.S. Steel, Cummins and Pfizer gained on better than expected earnings.
- Arthi Gupta
- 31 Jul, 2012
- New York City
Bayer, Deutsche, and UBS second quarter profit slumped. BP and Metro swung to quarterly loss. EDF first-half earnings rose.
- Arthi Gupta
- 31 Jul, 2012
- New York City
The European indexes edged lower after unemployment in the region stayed near record high for the second month in a row and UBS, Deutsche Bank and Bayer reported large decline in earnings. Retail sales in Spain fell.
- Bikram Pandey
- 30 Jul, 2012
- New York City
Global investors remained focused on the euro, Spain and Greece. European Central Bank and rescue fund are expected to announce decisive measures to purchase bonds of Italy and Spain as more leaders in the region lift hopes. Euro, oil and gold eased.
- Mukesh Buch
- 30 Jul, 2012
- New York City
Chicago Bridge & Iron agreed to buy Shaw Group for $3.04 billion. CNA Financial second quarter net soared 34% and Franklin Resources third quarter net dropped 10% to $455.3 million. Loews second quarter net plunged 78%.
- Marcus Jacob
- 30 Jul, 2012
- New York City
Stocks in Japan traded higher as political momentum builds in the euro zone for another round of bond purchase. Nippon Steel fell after it estimated loss in the first half. Fujitsu traded near three decade low after it reported a net loss but Konica Minolta gained on earnings.
- Marcus Jacob
- 30 Jul, 2012
- New York City
Australian markets closed higher for the third day in a row and resources linked stocks led the advance. Iron ore prices traded near 30-month low ahead of the Chinese manufacturing data later in the week.
- Arthi Gupta
- 30 Jul, 2012
- New York City
U.S. indexes struggled and CB&I agreed to acquire Shaw Group for $3 billion in a cash and stock transaction. Roper agreed to acquire Sunquest for $1.415 billion. European leaders reaffirmed their commitment to the euro and indicated decisive and coordinated action as early as this week.
- Arthi Gupta
- 30 Jul, 2012
- New York City
Air France-KLM second quarter loss widened and Reckitt Benckiser revenue dipped. Air Liquide first-half sales and profit rose. Ryanair first quarter slumped 29% on higher fuel costs.