- Mukesh Buch
- 21 Jan, 2013
- New York City
Bhushan Steel third quarter net profit declined 20% and Finolex net swung to profit. HDFC net profit in the quarter jumped 27.5% and NTPC third quarter net profit climbed 22%. Reliance Industries net profit third quarter profit jumped 23.9%, ahead of expectations.
- Bikram Pandey
- 18 Jan, 2013
- New York City
Markets in New York and Europe traded sideways and in Asia jumped. The latest batch of mixed earnings report failed to lift sentiment and lawmakers struggled to patch differences on debt ceiling negotiation. China rebounded after a two-year slowdown.
- Barry Randall
- 18 Jan, 2013
- New York City
Renault SA increased 2% after the French automaker reported sales outlook. Mediaset SpA, Italian broadcaster soared 6% and extended two-day gain to 17% on a broker recommendation. Spectris Plc soared 7% after comparable sales rose 4% in the December quarter. Telenet declined 3%.
- Barry Randall
- 18 Jan, 2013
- New York City
European markets generally closed higher as the earnings season kicks in next week. Earnings at the largest 500 companies in Europe are expected to decline 1% to flat and expectations are low. UK retail sales declined in December.
- Mukesh Buch
- 18 Jan, 2013
- New York City
Capital One plunged after it reported a sharp jump in loan loss provisions and revenues and earnings trailed expectations. Morgan Stanley stock gained after the company swung to a quarterly profit. General Electric reported stronger than expected sales in emerging markets.
- Nichole Harper
- 18 Jan, 2013
- New York City
Stocks traded sideways after General Electric reported better than expected earnings and Intel highlighted rising capital spending and weakening margins. Morgan Stanley reported revenues rose 23% but earnings at various units were mixed.
- Bikram Pandey
- 17 Jan, 2013
- New York City
Market averages in New York reached to a five-year high on the economic optimism and better than expected earnings. Banks reported sharp fall in earnings and new batch of regulatory charges. BlackRock and EBay rose on earnings. Home builders advanced to a 5-year high.
- Barry Randall
- 17 Jan, 2013
- New York City
AB Foods reported first quarter sales increased 10% and France based Carrefour said Latin America and Asia sales lifted total sales. Delhaize Group reported better than expected results and closed more Food Lion stores in the U.S. Remy Cointreau surged 8% but organic sales growth slowed.
- Nigel Thomas
- 17 Jan, 2013
- New York City
European markets recovered from the morning slide. Construction output in the euro zone declined at a slower pace in November. Leading economic conditions index in Spain showed an improvement for the third month. IMF released the next tranche for Portugal.
- Mukesh Buch
- 17 Jan, 2013
- New York City
BofA reported a sharp fall in earnings after legal charges linked to mortgage loans settlements. Citigroup reported higher earnings but a surprise legal charge of $1 billion. CBS surged after it said it is taking steps to divest its outdoor advertising unit. Ebay net surges on PayPal performance.
- Nichole Harper
- 17 Jan, 2013
- New York City
Initial jobless claims filed at the last week declined to the lowest level last seen in January 2008, however continuing claims filed increased 87,000. Separately, housing starts soared 12.1% in December on a surge in multifamily unit construction.
- Nichole Harper
- 17 Jan, 2013
- New York City
Market indexes in New York traded higher after the latest data on housing market and unemployment pointed to steady economic recovery. Citigroup and Bank of America reported sharp decline in earnings on mortgage loans related charges.
- Bikram Pandey
- 16 Jan, 2013
- New York City
Indexes in New York held steady after inflation was unchanged in December and factory production increased at a slower pace. Germany lowered its economic growth outlook to 0.4% and said 2012 deficit to GDP ratio was 0.32%. Nikkei in Japan dropped 2.6% and indexes in Mumbai and Hong Kong fell.
- Barry Randall
- 16 Jan, 2013
- New York City
Mining companies closed lower after commodities eased. AngloAmerican dropped 3% and Lonmin declined 4%. AngloAmerican plans to shutter four shafts in South Africa and cut platinum production and layoff 14,000 workers. TUI Travel and TUI AG surged on talks of merger.
- Nigel Thomas
- 16 Jan, 2013
- New York City
European markets recovered from early losses and institutional investors stepped up to add exposure to stocks. Investors expect another year of market gains across Europe in a survey conducted by the research team at 123jump.com.