- Nichole Harper
- 31 Jan, 2013
- New York City
Stocks in New York traded sideways after Chicago area manufacturing indicated expansion. Jobless claims increased 38,000 at the end of last week. Personal income rose 2.6% in December, the largest increase in nine years.
- Mukesh Buch
- 31 Jan, 2013
- New York City
Aetna fourth quarter net plunged 49% and Colgate-Palmolive net rose 1%. Facebook revenue climbed but net tumbled 69%. MasterCard net surged to $605 million. Time Warner net declined 9% and sales jumped. Dow Chemical quarterly loss widened.
- Haruki Nakamura
- 31 Jan, 2013
- New York City
Stocks in Tokyo closed higher as the earnings season accelerated. Softbank, Nintendo, Sumitomo Mitsui and Alps Electric were among the leading companies to report earnings. December industrial production increased less than expected 2.5%.
- Marcus Jacob
- 31 Jan, 2013
- New York City
Australian stocks halted a ten-day rally ahead of earnings season next week. For the month, ASX 200 index increased 4.9%, the fastest monthly advance in a year. Pharmaxis plunged after it failed to win a recommendation for a drug approval. Woolworths first half sales increased 4.8%.
- Mukesh Buch
- 31 Jan, 2013
- New York City
Bharti Infratel third quarter net jumped 31% and Colgate-Palmolive net declined 4%. ICICI net profit jumped 30% but non-performing asset increased. Lupin net soared 42.6%. The central government plans to sell 10% stake of Oil India. Power Finance net surged 48%.
- Barry Randall
- 30 Jan, 2013
- New York City
Saipem, the energy services provider plunged 34% after it lowered earnings outlook for 2012 and 2013. Luxoticca Group gained 2% after sales increased 14%. Impperial Tobacco guided lower first half profit. Swedbank soared 10% after it nearly doubled dividend. Roche AG increased dividend.
- Barry Randall
- 30 Jan, 2013
- New York City
European markets traded lower and markets in Italy plunged more than 3% after energy service company issued profit warning. Spanish economy shrank for the sixth quarter in a row by 0.7%.
- Nichole Harper
- 30 Jan, 2013
- New York City
Stocks in New York traded sideways after economy shrank unexpectedly in the fourth quarter on the decline in government spending and a sharp fall in military spending.
- Mukesh Buch
- 30 Jan, 2013
- New York City
Amazon.com fourth quarter net declined 45% and Eli Lilly net slipped 4%. L-3 Communications dropped 23% and Rockwell Automation first quarter net declined 12%. Boeing fourth quarter net dropped 30% and Valero Energy net surged to $1.01 billion.
- Nigel Thomas
- 30 Jan, 2013
- New York City
The Nikkei index closed above 11,000 for the first time since April 201. Market extended rally to 28% that began in mid-November. Canon after the close reported 26% increase in operating income. Yahoo Japan soared after buy back announcement. Central Japan Railway Corp said net jumped 49%.
- Marcus Jacob
- 30 Jan, 2013
- New York City
Australian indexes gained higher for the tenth day in a row and indexes closed at new 21-month highs. Financials led the decliners and resource stocks gained. Wesfarmers declined despite the retail division Coles reported higher sales.
- Mukesh Buch
- 30 Jan, 2013
- New York City
Blue Dart third quarter net surged 101% and Crompton Greaves net swung to loss. EIL net declined 12.5% and Glenmark net jumped 375%. IOB and L&T Finance slid as third quarter non-performing assets increased. Nalco net surged 132%. RIL raised $800 million from senior perpetual notes.
- Barry Randall
- 29 Jan, 2013
- New York City
Anglo American, the iron ore miner, gained after it reported lower than expected write down of $4 billion at its mining operation in Brazil. Royal Bank of Scotland faces criminal probe linked to rate rigging and may pay as much as 500 million pounds in fines.
- Barry Randall
- 29 Jan, 2013
- New York City
European markets advanced to new 23-month highs. Consumer confidence index in Germany suggested an improvement but the index in France held steady. Retail sales in Spain declined for the 30th month in a row. Philips gained on better-than-expected earnings.
- Nichole Harper
- 29 Jan, 2013
- New York City
Market index in New York traded sideways after consumer confidence index dropped to the lowest since November 2011. Metropolitan home price index rose at the fastest pace in November in nearly six years. Hess surged after a hedge fund pushed for a breakup. Horton jumped on quarterly results.