- Mukesh Buch
- 31 Jul, 2013
- New York City
Bharti Airtel net dropped but revenues climbed. HCL Tech profit soared as revenue jumped. ICICI Bank net climbed 25% and non-performing assets surged. IFCI profit plunged 41% as revenues declined 16%. JSW Steel swung to loss. MCX net declined 7%.
- Nichole Harper
- 30 Jul, 2013
- New York City
U.S. stocks traded higher on better than expected earnings from Eastman Chemicals and Herbalife and Goodyear Tire. Community Health agreed to buy Health Management for $3.9 billion. Potash market was rocked after a Russian cartel collapsed and stock price of three leading makers in North America plunge.
- Mukesh Buch
- 30 Jul, 2013
- New York City
Aetna revenue and profit soared. Coach quarterly net declined 12%. Chrysler cuts profit outlook and shipment. Fidelity net plunged 30% and Pfizer surged more than four-fold. Sprint net loss widened and Western Union net plunged 27%.
- Hiruki Nakamura
- 30 Jul, 2013
- New York City
Investors focused on earnings and the direction of yen trading. Kawasaki Kisen Kaisha soared on earnings outlook, Softbank reported a rise in subscriber base after close and Daiwa Securities reported record first-quarter earnings. Industrial production decreased 3.3% in June.
- Nigel Thomas
- 30 Jul, 2013
- New York City
Barclays net in first-half swung to
- Marcus Jacob
- 30 Jul, 2013
- New York City
Australian indexes rebounded from the low and barely closed higher after supportive comments from Reserve Bank governor. New home approvals in Australia plunged 13% from a year ago. Leighton won a $2.8 billion contract to build casino in Macau.
- Mukesh Buch
- 30 Jul, 2013
- New York City
City Union Bank net climbed. Geometric profit soared 39% as revenue jumped. Havells India net soared 18%. IPCA Laboratories net surged 67%. Jaypee Infratech profit in the first quarter plunged 61% and Merck net declined 17%.
- Nichole Harper
- 29 Jul, 2013
- New York City
U.S. market indexes were on the decline and index of pending existing home sales fell from a seven year high. Banks and financial stocks gained. On merger Monday, Saks agreed to a $2.4 billion deal. Two advertising giants, France based Publicis and New York based Omnicom agreed to merge.
- Hiruki Nakamura
- 29 Jul, 2013
- New York City
Stocks in Tokyo fell sharply after investors turned cautious ahead of the flood of earnings in the week and the yen gained. Investors also shied away from risk assets as lawmakers are not scheduled to meet for the next six weeks.
- Mukesh Buch
- 29 Jul, 2013
- New York City
CNA Financial net jumped 17%. Franklin Resources net fell 3%. Loews net climbed nearly four-fold. Perrigo agreed to acquire Elan Corp for $8.6 billion. Saks agree to be acquired by Hudson''s Bay Co for $2.9 billion. Roper net slid 3% and Wynn Resorts profit dropped 6%.
- Nigel Thomas
- 29 Jul, 2013
- New York City
Danone said underlying net income for the period slid 1%. Essilor agreed to acquire its stake in Transitions Optical venture from PPG. Hiscox profit for the period surged 27% to
- Marcus Jacob
- 29 Jul, 2013
- New York City
Australian indexes closed higher in thin trading and more mining companies warned of tougher times ahead. Newcrest Mining credit rating was cut. OZ Minerals announced a one-time charge. Rio Tinto agreed to sell a stake in a copper mine to a China based company.
- Mukesh Buch
- 29 Jul, 2013
- New York City
Colgate India unit net soared. J.K. Cement profit and sales declined. Jaiprakash Associates net and sales surged. UltraTech Cement net fell 13% and sales dropped 2%. Wipro guided a slight increase in current quarter sales.
- Bikram Pandey
- 26 Jul, 2013
- New York City
Samsung Electronics Co said it will invest $18 billion in its memory chip and display businesses in the current fiscal year. Net income, excluding minority interest, increased 50% to 7.58 trillion won.
- Nichole Harper
- 26 Jul, 2013
- New York City
U.S. indexes drifted lower on weaker than expected earnings and a weakness in auto sector dragged market sentiment in Europe. SAC Capital pleaded not guilty to criminal charges and Halliburton agreed to pay maximum statutory fine and also made a voluntary contribution of $55 million.