- Bikram Pandey
- 20 Apr, 2011
- New York City
The Dow and the S&P 500 index soars more than 1.5% as large companies and technology companies led the advance. Earnings from IBM and Intel lift tech stocks. Gold crosses $1,500 an ounce and silver above $44. Crude oil advanced above $111 a barrel.
- Mukesh Buch
- 20 Apr, 2011
- New York City
AT&T first quarter net income soared 39% to $3.4 billion. Abbott first quarter net earnings declined 13% to $864 million. Intel first quarter net income soared 29% to $3.16 billion. IBM first quarter net income rose 11% to $2.9 billion. Wells Fargo second quarter net income surged 48% to $3.8 bn.
- Arthi Gupta
- 20 Apr, 2011
- New York City
The UK indexes soared led by technology stocks. Tate & Lyle agreed to sell Vietnamese sugar interests for
- Nigel Thomas
- 20 Apr, 2011
- New York City
Stocks in Tokyo soared after Intel reported better than expected earnings. Chipmakers soared. The broader indexes advanced and Nikkei gained 1.8%. Commodities linked stocks gained after crude oil, gold and silver closed higher.
- Devan Biswas
- 20 Apr, 2011
- New York City
Sensex in Mumbai trading soared 1.8% on the prediction of normal monsoon season. Earnings also contributed to the sentiment. HCL Technologies surged nearly 10% after quarterly earnings gained 17%. Jindal Steel & Power commenced its offer for Australia based coal miner Rocklands Richfields.
- Arthi Gupta
- 20 Apr, 2011
- New York City
U.S. index futures trade higher after IBM and Intel reported higher than expected earnings and Yahoo net dropped 28%. U.S. mortgage activity increased. BofA planned divesting private equity business worth $5 billion. AES agreed to buy DPL for $4.7 billion.
- Marcus Jacob
- 20 Apr, 2011
- New York City
Australian stocks gained as commodities advanced and crude oil price gained. The Australian dollar gained and import price index increased 1.4% in the first quarter to March. BHP Billiton reported higher than expected coal and iron ore production in March.
- Arthi Gupta
- 20 Apr, 2011
- New York City
European indexes surged ahead of earnings. Spain successfully raised
- Arthi Gupta
- 20 Apr, 2011
- New York City
German producer price inflation slackened in March. Riksbank raised key rate by a quarter percentage point to 1.75%. Dutch consumer sentiment deteriorated in April. Italian industrial orders improved in February. Iceland jobless rate rose in the first quarter.
- Bikram Pandey
- 19 Apr, 2011
- New York City
U.S. stocks managed to recover from the lows of the day after mixed earnings from Goldman Sachs, Peabody Energy and Johnson & Johnson and U.S. Bancorp. Markets in Europe rebounded but in Asia declined. Gold crossed $1,500 on the U.S. debt outlook worries.
- Mukesh Buch
- 19 Apr, 2011
- New York City
Goldman Sachs first quarter net earnings tumbled 72% to $908 million. Gannett quarterly net income declined 23% to $90.5 million. Johnson & Johnson first quarter net earnings declined 23% to $3.48 billion. Peabody quarterly net income rose to $176.5 mn. U.S. Bancorp quarterly net income rose 56%.
- Arthi Gupta
- 19 Apr, 2011
- New York City
The UK indexes rose after strong global economic data. WPP agreed to buy Germany-based Commarco. Vedanta
- Arthi Gupta
- 19 Apr, 2011
- New York City
U.S. indexes traded higher after housing starts rose 7.2% in March. Seagate Technology entered into supply and cross-licensing agreement with Samsung Electronics. Goldman Sachs earnings plummeted 72% reflecting the redemption of its preferred stock and a drop in institutional revenues.
- Arthi Gupta
- 19 Apr, 2011
- New York City
European indexes gained on upbeat economic data. Volvo Buses and China based SAIC Motors agreed to form a joint venture for new energy driveline systems. Novartis net dropped reflecting additional financing costs related to the acquisition of Alcon.
- Devan Biswas
- 19 Apr, 2011
- New York City
Stocks in Mumbai wavered as sentiment reversed more than five times in trading. A drop in crude oil price helped to counter the weak international sentiment and a rise in gold and silver prices. Silver jumped 0.7% and hovered near a record price of Rs 67,000 a kilo.