- Mukesh Buch
- 19 Jul, 2012
- New York City
AutoNation second quarter net increased 9% to $78.6 million and Danaher net slipped 8% to $600.1 million. IBM second quarter net increased 6% to $3.88 billion and raised full year expectations. Union Pacific second quarter net advanced 27.4% to $1 billion.
- Mukesh Buch
- 19 Jul, 2012
- New York City
Capital One second quarter net plunged 90% and eBay second quarter net jumped 144% to $692 million. Johnson Controls net surged 17% and Morgan Stanley net swung to $564 million profit. Verizon second quarter net climbed 13.7% to $1.83 billion.
- Arthi Gupta
- 19 Jul, 2012
- New York City
U.S. indexes edged higher driven by better-than-anticipated earnings but weekly jobless claims jumped 34,000 to 386,000. UnitedHealth lifted full-year outlook and Morgan Stanley swung to profit. Fab.com raised $105 million that valued the online retailer at $1 billion.
- Marcus Jacob
- 19 Jul, 2012
- New York City
Stocks in Japan closed higher in thin trading and the yen gained for the second day in a row against the dollar and the euro. Advantest and Tokyo Electron jumped after Intel lowered sales outlook below expectations.
- Marcus Jacob
- 19 Jul, 2012
- New York City
Australian indexes, resource stocks and dollar advanced after oil futures rose for the seventh day in a row. The ASX 200 index increased 2% and the Australian dollar hit a new high against the euro and reached a high since May.
- Arthi Gupta
- 19 Jul, 2012
- New York City
Akzo Nobel climbed after second quarter revenues increased 8% and net income fell less than expected 22%. Alstom SA said first quarter new orders increased 20% and sales surged 6%. Electrolux AB gained after quarterly net rose 36%.
- Arthi Gupta
- 19 Jul, 2012
- New York City
Spain raised
- Arthi Gupta
- 19 Jul, 2012
- New York City
Euro area current account surplus climbed in May. Swiss trade surplus rose in the second quarter. Dutch consumer sentiment improved in July but jobless rate increased in June.
- Bikram Pandey
- 18 Jul, 2012
- New York City
U.S. indexes gained after two housing reports showed improvements. Bank of America said it plans to cut a total of $8 billion by 2015 and improved its Tier 1 ratio. Capital One agreed to pay $210 million from charges related to misleading customers.
- Nigel Thomas
- 18 Jul, 2012
- New York City
Stocks in Japan declined as the yen edged lower from its one-month peak. The Nikkei index traded below its 25-day moving average and few export sensitive stocks closed higher. Electric utilities declined after two nuclear power plants were found to be on top of n active fault line.
- Arthi Gupta
- 18 Jul, 2012
- New York City
The UK indexes gained after jobless rate fell in the quarter to May. Consumer demand growth in the UK slowed in July. The Bank of England policymakers split on quantitative easing decision.
- Mukesh Buch
- 18 Jul, 2012
- New York City
Abbott second quarter net declined 11.2% to $1.73 billion and Bank of America net swung to $2.46 billion profit. BlackRock second quarter net slumped 11% and Honeywell net soared 11.4%. Intel second quarter net slid 4% to $2.83 billion.
- Marcus Jacob
- 18 Jul, 2012
- New York City
Stocks in Sydney declined for the first time in four days as investors focused on the weakening global economic outlook. The latest comments from the Fed Chairman Bernanke and the I.M.F. contributed to the weak market sentiment.
- Arthi Gupta
- 18 Jul, 2012
- New York City
U.S. indexes traded higher after two separate reports on the housing industry indicated a rebound. Olin agreed to acquire K. A. Steel Chemicals for $328 million. Bank of America swings to profit on higher mortgage loans. BlackRock quarterly net declined 11%.
- Arthi Gupta
- 18 Jul, 2012
- New York City
The European indexes gained on better-than-anticipated earnings. Germany raised