- Mukesh Buch
- 29 Jul, 2011
- New York City
American Electric Power second quarter net earnings rose to $352 million. Amgen second quarter net income fell to $1.17 billion. Chevron second quarter net income surged to $7.73 billion. Merck second quarter net income rose to $2.02 billion. Starbucks third quarter net earnings rose 34% to $2.8 bn.
- Arthi Gupta
- 29 Jul, 2011
- New York City
The UK indexes dropped after consumer confidence fell to a two-year low in July and home prices increased 0.2% in July. UK mortgage approvals increased in June. British Sky Broadcasting net declined 8%.
- Arthi Gupta
- 29 Jul, 2011
- New York City
U.S. indexes declined after GDP expanded at a slower pace of 1.3% in the second quarter. The debt ceiling impasse continued after the Republican lawmakers delayed a critical vote yesterday. Merck plans to cut up to 13,000 positions by the end of 2015.
- Nigel Thomas
- 29 Jul, 2011
- New York City
Stocks in Japan fell for the third day in a row as the U.S. faces debt default. The irresponsible lawmakers in the House are playing reckless with the U.S. economic recovery and the endangering world economic growth. Nintendo plunged 20% on weak sales and Nisshin Steel lifted annual earnings view.
- Arthi Gupta
- 29 Jul, 2011
- New York City
Euro-zone inflation eased to 2.5% in July. German retail sales rose more than estimated and French consumer spending improved in June. Spain jobless rate declined to 20.9% in the second quarter.
- Arthi Gupta
- 29 Jul, 2011
- New York City
European indexes traded lower after ratings agency placed Spain''s ratings on review for possible downgrade. The U.S. debt ceiling impasse added to traders
- Marcus Jacob
- 29 Jul, 2011
- New York City
The Australian benchmark index declined to 11-month low as the global economic growth was endangered by the irresponsible U.S. lawmakers. U.S. is only three days away from a debt default that could slow the incipient economic recovery and raise rates worldwide.
- Bikram Pandey
- 28 Jul, 2011
- New York City
The Republican Party controlled U.S. House is expected to vote on the revised deficit bill as investors demand a plan for a loge term debt solution that needs cuts in military and increase taxes for wealthy. Stocks wavered and gold and commodities traded near recent highs.
- Mukesh Buch
- 28 Jul, 2011
- New York City
Aflac second quarter net earnings declined 52%. CME second quarter net rose 8% to $293.7 million. Exxon Mobil second quarter net income surged 41% to $10.7 billion. E.I. du Pont second quarter net income rose 5% to $1.2 billion. Royal Dutch Shell second quarter net income surged 97% to $8.7 billion.
- Arjun Dave
- 28 Jul, 2011
- New York City
The U.S. indexes trended lower as the House prepares to vote on a revised spending plan. The U.S. may not be able to avert a debt downgrade. Weekly jobless claims fell below 400,000. Exxon Mobil quarterly net fell on lower refining margins.
- Devan Biswas
- 28 Jul, 2011
- New York City
European markets turned lower for the third day in a row on a string of weak earnings and a decline in confidence index in the euro-zone. The indexes fell more than 1% in Germany, France, Greece, Switzerland and Sweden.
- Nigel Thomas
- 28 Jul, 2011
- New York City
Stocks in Japan declined on the growing prospect of the U.S. default or a credit rating downgrade and the yen edged near a record high. Advantest dropped 7% on weaker than expected sales outlook and Hitachi Construction Machinery gained 4% on 91% rise in operating income.
- Marcus Jacob
- 28 Jul, 2011
- New York City
Australian stocks dropped after the U.S. markets declined as much as 2% on the prospect of the debt default. Banks and resources linked companies traded lower as the U.S. lawmakers act recklessly with the debt negotiations and put global growth at risk. The Australian dollar traded at a new high.
- 123jump.com Staff
- 28 Jul, 2011
- New York City
The online retailer net sales soared 51% to $9.91 billion in the quarter. Net quarterly income fell 8% to $191 million. Earnings per share slid to 41 cents versus 45 cents per share a year-ago quarter. The company estimates net sales of $10.3 billion to $11.1 billion for the third quarter.
- Bikram Pandey
- 27 Jul, 2011
- New York City
U.S. stocks declined sharply as the debt impasse continues and House Speaker John Boehner struggles to gain support of the Republic Party members for his plan. The U.S. debt rating could be lowered by at least one rating agency.