- Nichole Harper
- 18 Jul, 2013
- New York City
U.S. stocks gained after a flood of better than expected earnings and initial jobless claims declined to the lowest in ten weeks. Verizon, Intel, IBM, Morgan Stanley, U.S. Bancorp and eBay were among leading companies to release earnings today.
- Mukesh Buch
- 18 Jul, 2013
- New York City
BlackRock second quarter revenue and net soared. eBay revenue climbed but net slumped. Intel revenue fell 5% and net plunged 29%. IBM profit declined 17%. Morgan Stanley net surged 42% and Verizon net climbed 21%.
- Nigel Thomas
- 18 Jul, 2013
- New York City
Dart annual profit jumped 37%. Ericsson sales flat but quarterly soared 26%. Hitachi secured contract worth
- Nigel Thomas
- 18 Jul, 2013
- New York City
European indexes closed higher and commodities prices gained in international trading. Euro zone current account surplus declined in May. Spanish bank bad loan ratio approached to a record high in November. Akzo Nobel, the largest paint maker fell after 4% decline in quarterly revenues.
- Hiruki Nakamura
- 18 Jul, 2013
- New York City
Stocks in Tokyo gained for the fourth day in a row and the yen weakened as investors looked ahead to weekend election results. Toshiba plans to expand its flash memory production. SoftBank trades higher to become the third most valued company in Tokyo.
- Marcus Jacob
- 18 Jul, 2013
- New York City
Australian stocks failed to build on the early enthusiasm in the session and pulled back from the peak of the day. Australian business conditions and confidence index declined in the June quarter. Newcrest Mining declined 4.5%.
- Mukesh Buch
- 18 Jul, 2013
- New York City
Axis Bank net jumped 22% and Bajaj Finance net and revenue soared. Essar Ports first quarter profit surged 48%. IDBI Bank net declined 28% and Kotak Mahindra Bank profit climbed nearly 40%.
- Nichole Harper
- 17 Jul, 2013
- New York City
Stocks on Wall Street gained after Fed Chairman Bernanke reassured financial market about the longevity of the monetary stimulus and flexible approach of the central bank. Abbott Labs, Bank of America, CSX and Mattel were in focus after earnings release.
- Mukesh Buch
- 17 Jul, 2013
- New York City
Abbott second quarter revenue rose but net plunged 72%. Bank of America and Bank of New York net surged. CSX and Mattel quarterly net soared 18%. St. Jude Medical profit plunged 36%. PNC Financial net jumped 10%.
- Nigel Thomas
- 17 Jul, 2013
- New York City
U.S. federal energy regulator fined Barclays for
- Nigel Thomas
- 17 Jul, 2013
- New York City
European markets rebounded from morning losses and traded higher after a string of earnings reports from L
- Mukesh Buch
- 17 Jul, 2013
- New York City
Development Credit Bank net surged. HDFC Bank net and revenue in the first quarter surged. L&T won new construction order worth $350 million in Oman.
- Hiruki Nakamura
- 17 Jul, 2013
- New York City
Stocks in Tokyo closed higher for the third day in a row and investors looked ahead to elections on Sunday. Ruling coalition is expected to win a majority in the upper house of the parliament. Mitsubishi Motors soared 11%.
- Marcus Jacob
- 17 Jul, 2013
- New York City
Australian stocks closed lower after trading sideways and investors looked overseas for future direction. BHP Billiton reported record production in five commodities and petroleum production increased less than expected 6% in the year to June. Billabong soared 34% on a debt purchase agreement.
- Nichole Harper
- 16 Jul, 2013
- New York City
U.S. indexes traded lower after consumer price index increased 0.5% in June and industrial production rose 0.3%. Earnings at Goldman Sachs were ahead of expectations but Coca-Cola earnings and revenues lagged expectations.