- Mukesh Buch
- 04 Feb, 2011
- New York City
Aetna fourth quarter revenue fell 2% to $8.54 billion. Aon fourth quarter revenue surged 40% to $2.91 billion. Las Vegas Sands fourth quarter net revenue increased 56.9% to $2.02 billion. Merck & Co. fourth quarter net revenue increased 20% to $12.09 billion.
- Marcus Jacob
- 04 Feb, 2011
- New York City
European indexes opened higher but struggled near close. German Chancellor Merkel and French President Sarkozy proposed a meeting of 17 European nations to harmonize tax structure and delink wages from inflation and rationalize bank lending rules. LVMH and AB Volvo net surge.
- Bikram Pandey
- 04 Feb, 2011
- New York City
U.S. stocks traded sideways after unemployment rate declined to 9% in January from 9.4% in December. The increase was smaller than expected. Long term unemployment was 13.9 million and revised 909,000 jobs were created in 2010. Las Vegas swings to quarterly net profit.
- Nigel Thomas
- 04 Feb, 2011
- New York City
Stocks in Japan surged on the merger announcement between Nippon Steel and Sumitomo Metals Industries. Mitsubishi Estate Co said nine month net increased on sales rise of 0.8%. Nikkei index rose 1.1% today and gained 1.8% in the week.
- Devan Biswas
- 04 Feb, 2011
- New York City
Stocks in Mumbai dropped sharply and Prime Minister Singh noted inflation may derail India
- Mukesh Buch
- 04 Feb, 2011
- New York City
ACC fell after net profit tumbled 31%. Andhra Bank raises prime lending rate by 50 basis points. Cummins India tumbled after net profit declined 6%. Engineers India reported third quarter net profit rose 10%. Spicejet fell 12%.
- Marcus Jacob
- 04 Feb, 2011
- New York City
Australian indexes closed at a 10-month high and the dollar advanced to a month peak on the rising commodities prices and the central bank estimate that the economy will recover from flood damages by the second half. QBE Insurance gained after it agreed to acquire Balboa Insurance for A$700 million.
- Bikram Pandey
- 03 Feb, 2011
- New York City
World markets are increasingly worried that rising tensions in the Middle East may spread to oil producing nations. U.S. retailers same store sales rise 4.2%. Two largest steel companies in Japan agree to create second largest steelmaker in the world. Earnings bolstered trading setiment in U.S.
- Nigel Thomas
- 03 Feb, 2011
- New York City
UK stocks edged lower and service industry expanded in January at a faster pace. Royal Dutch Shell fourth quarter earnings were lower than expected and Vodafone Group Plc guided higher operating earnings. GlaxoSmithKline rose after the drugmaker increased dividend payout and announced share buyback.
- Mukesh Buch
- 03 Feb, 2011
- New York City
Cardinal Health second quarter revenue gained 2%. CVS Caremark fourth quarter net revenue decreased 4.1% to $24.8 billion. MasterCard fourth quarter net revenues increased 10.7% to $1.4 billion. Viacom first quarter revenue decreased 5% to $3.8 billion. YUM Brands fourth quarter revenue surged 6%.
- Nigel Thomas
- 03 Feb, 2011
- New York City
European markets edged lower as crude oil prices rose to a 2-year high. Copper and zinc and aluminum traded higher. Royal Dutch Shell earnings miss dragged markets in Holland and in UK. Mercedes-Benz vehicles in January rose 23% to 82,700.
- Bikram Pandey
- 03 Feb, 2011
- New York City
U.S. stocks traded sideways as crude oil climbs to a 2-year high and copper and cotton surge. Commodities markets turn jittery for the third day as popular unrest in the Middle East spread to Yemen. Visa, News Corp, Royal Dutch Shell and Hermes earnings rise. MasterCard quarterly net soared 41%.
- Devan Biswas
- 03 Feb, 2011
- New York City
Stocks in Mumbai surged tracking gains in international markets but elevated inflation tempered the surge. Food prices rose 17.05% and fuel prices increased 11% as demand run ahead of supplies. Ashok Leyland unit sales declined 2% in January.
- Mukesh Buch
- 03 Feb, 2011
- New York City
Ashok Leyland January total sales fell 2% to 7,711 units. Great Offshore quarterly net profit slumped 96%. GlaxoSmithKline third quarter net profit surged 58%. National Aluminium increased prices by 5%. Voltas Limited third quarter net profit declined 7%.
- Nigel Thomas
- 03 Feb, 2011
- New York City
Two largest steelmakers in Japan, Nippon Steel Corp and Sumitomo Metal Industries Ltd agreed to merge to form the second largest global steel maker. Rising input prices played a role in the merger. Mitsubishi UFJ Financial said nine-month net rose. Sony Corp third quarter revenues declined 1.4%.