- Mukesh Buch
- 07 Aug, 2012
- New York City
AmeriGas third quarter net loss widens and CVS second quarter net climbed 18.4%. Chesapeake second quarter net surged 90.5%. Accessories retailer Fossil soared 32%. Nuance Communications third quarter net jumped 90.6%. Office Depot second quarter net loss widens.
- Arthi Gupta
- 07 Aug, 2012
- New York City
U.S. indexes extended gains of last two trading days. Kinder Morgan Energy acquired interest in U.S. pipeline assets for $6.2 billion. Campbell Soup completed the acquisition of Bolthouse for $1.55 billion.
- Arthi Gupta
- 07 Aug, 2012
- New York City
Lanxess second quarter net declined due to exceptional charges but InterContinental revenue increased 3.3%. Xstrata first-half profit plunged 33% to $1.94 billion.
- Arthi Gupta
- 07 Aug, 2012
- New York City
Italian economy extended the decline for the fourth quarter in a row and German factory orders fell 1.7%, more than estimated in June. The UK retail sales rose unexpectedly in July. Standard Chartered plunged 22% on money laundering charges.
- Bikram Pandey
- 06 Aug, 2012
- New York City
Market indexes in New York closed higher after earnings exceeded expectations and energy and metals prices rose. Standard Chartered Bank is the second UK based bank to face money laundering charges in New York.
- Nigel Thomas
- 06 Aug, 2012
- New York City
Stocks in Tokyo surged following the market advance last week in Europe and New York. Taiwan based Hon Hai Precision said it does not have to carry out investment in Sharp after the latest price volatility. Nippon Sheet Glass Co Ltd extended losses for the second day.
- Marcus Jacob
- 06 Aug, 2012
- New York City
Australian markets traded higher following a surge in Friday
- Mukesh Buch
- 06 Aug, 2012
- New York City
Best Buy founder offered to take the company private. Cognizant Technology soared 11% after it revised higher its adjusted profit outlook and HCA Holdings net soared 71%. The AES second quarter net dropped 19.5%.
- Arthi Gupta
- 06 Aug, 2012
- New York City
Wall Street traded higher at the opening and the advances in technology and energy sectors led the gainers. Investors are scheduled to review the international trade, wholesale trade inflation and 30-year bond auction and a barrage of earnings from retailers.
- Arthi Gupta
- 06 Aug, 2012
- New York City
UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.
- Arthi Gupta
- 06 Aug, 2012
- New York City
The European indexes traded higher and Greek negotiations enter the next phase. Italy is set to approve additional spending cuts and investors speculated on the Spanish bailout. The UK home prices fell, German construction sector and the EU productivity declined.
- Bikram Pandey
- 03 Aug, 2012
- New York City
U.S. indexes soared after payrolls increased more than estimated in July sparking a rally. The S&P 500 index increased 1.8% and index in Europe soared between 3% and 6%. Commodities advanced. For the week the S&P 500 rose 0.4% and the Nasdaq Composite added 0.3%.
- Sarla Buch
- 03 Aug, 2012
- New York City
Green Mountain Coffee third quarter soared 30% and Procter & Gamble fourth quarter net surged 45% and updated its outlook. Viacom second quarter net slipped 7% and Yelp said second quarter net loss widened but revenues rose more than expected.
- Nigel Thomas
- 03 Aug, 2012
- New York City
Investors in Tokyo were cautious and participated in global market selloff and remained focused on domestic economy oriented companies. Sharp tumbled 28% and traded at a 3-decade low after it reversed its outlook to a loss and Sony fell 7% after it cut its full year estimate.
- Mukesh Buch
- 03 Aug, 2012
- New York City
AIG second quarter net surged 27% and renamed its advisory services business. Apache second quarter net plunged 73% and Activision net declined 45%. Kraft Foods net rose 5.4% to $1.03 billion and set October 1 as the spin-off date.