- 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.
- Arthi Gupta
- 19 Apr, 2011
- New York City
Euro-zone private sector activity improved, current account deficit widened and consumer sentiment dipped. European car registrations fell in March. German private sector activity slowed in April. Austria PPI Inflation rose to a 6-year high in February.