- Arthi Gupta
- 06 Aug, 2012
- New York City
UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.
- Arthi Gupta
- 06 Aug, 2012
- New York City
The European indexes traded higher and Greek negotiations enter the next phase. Italy is set to approve additional spending cuts and investors speculated on the Spanish bailout. The UK home prices fell, German construction sector and the EU productivity declined.
- Bikram Pandey
- 03 Aug, 2012
- New York City
U.S. indexes soared after payrolls increased more than estimated in July sparking a rally. The S&P 500 index increased 1.8% and index in Europe soared between 3% and 6%. Commodities advanced. For the week the S&P 500 rose 0.4% and the Nasdaq Composite added 0.3%.
- Sarla Buch
- 03 Aug, 2012
- New York City
Green Mountain Coffee third quarter soared 30% and Procter & Gamble fourth quarter net surged 45% and updated its outlook. Viacom second quarter net slipped 7% and Yelp said second quarter net loss widened but revenues rose more than expected.
- Nigel Thomas
- 03 Aug, 2012
- New York City
Investors in Tokyo were cautious and participated in global market selloff and remained focused on domestic economy oriented companies. Sharp tumbled 28% and traded at a 3-decade low after it reversed its outlook to a loss and Sony fell 7% after it cut its full year estimate.
- Mukesh Buch
- 03 Aug, 2012
- New York City
AIG second quarter net surged 27% and renamed its advisory services business. Apache second quarter net plunged 73% and Activision net declined 45%. Kraft Foods net rose 5.4% to $1.03 billion and set October 1 as the spin-off date.
- Marcus Jacob
- 03 Aug, 2012
- New York City
Australian markets declined following worldwide market selloff after central bank in Europe failed to offer immediate specific steps. BHP Billiton finally faced the expensive shale gas acquisition in the U.S. and wrote down assets by $2.5 billion.
- Arthi Gupta
- 03 Aug, 2012
- New York City
U.S. indexes gained after nonfarm payrolls rose more than estimated in July. CF Industries agreed to acquire Viterra
- Arthi Gupta
- 03 Aug, 2012
- New York City
Allianz quarterly revenues rose 23% but RBS operating profit fell 22%. AXA net income slumped 36% and Dexia loss narrowed in the first-half. International Consolidated Airlines swung to loss in the second quarter.
- Arthi Gupta
- 03 Aug, 2012
- New York City
The European indexes edged higher after euro area retail sales increased in June. Spanish and Italian yields rose above 6%. BHP said it will write down $3.3 billion of U.S. shale gas business and Australian nickel operations. RBS quarterly operating profit fell 22%.
- Bikram Pandey
- 02 Aug, 2012
- New York City
U.S. indexes fell after European Central Bank said it is prepared to purchase additional sovereign bonds only if rescue fund acts first and politicians take steps to restructure economies. Markets in New York dropped 1% and in Europe fell more than 2.5%. Gold, oil and copper eased between 1% and 3%.
- Nigel Thomas
- 02 Aug, 2012
- New York City
Stocks in Tokyo closed higher but not without strong undercurrent of weaker than expected earnings. Toyota Motor was the most actively traded stock after it reported rising U.S. sales. Tokyo Electric Power jumped narrower quarterly loss.
- Sarla Buch
- 02 Aug, 2012
- New York City
Ameren second quarter net surged 53% and lifted fiscal guidance. DirecTV second quarter net rose and General Motors net declined 40% to $1.5 billion. Teradata second quarter net climbed and Hartford said quarterly net swung to $101 million loss.
- Marcus Jacob
- 02 Aug, 2012
- New York City
Australian markets closed higher ahead of rate decisions in Europe. Australian retail sales rose 1% in June and sales in May were revised higher to 0.8%. Trade balance in June improved to a modest surplus on a fall in import prices.
- Mukesh Buch
- 02 Aug, 2012
- New York City
American Tower second quarter net plunged 58% and Becton, Dickinson net declined 4.7% and Cigna net slipped 2.8% to $380 million. Duke Energy net rose 2% to $444 million. DaVita net fell 1% to $120 million and Hospira net swung to loss.