- Mukesh Buch
- 26 Oct, 2012
- New York City
Amazon third quarter net swung to loss and Aon gained 3% on lower tax rate. Comcast profit surged 132% on higher ad rates for Olympics. Merck quarterly net increased and cuts outlook. Rockwell Collins fourth quarter net dropped 13% and reiterated fiscal guidance.
- Arthi Gupta
- 26 Oct, 2012
- New York City
U.S. indexes traded higher after gross domestic product expanded at 2% annual rate in the third quarter. TransDigm agreed to acquire the pump and engine control systems business of Goodrich for $236 million.
- Arthi Gupta
- 26 Oct, 2012
- New York City
The European indexes declined. The euro area leading economic index fell in September and German consumer confidence estimated to rise in November. Spanish jobless rate rose in the third quarter. Italy raised
- Arthi Gupta
- 26 Oct, 2012
- New York City
Ericsson earnings slumped 42% but Statoil net surged 47% in the third quarter. Technicolor quarterly revenue rose 10.9% to
- Bikram Pandey
- 25 Oct, 2012
- New York City
Stocks struggled and indexes stayed near the flat line after several corporations report weaker than expected results. Pearson and Bertelsmann are looking to merge their publishing divisions. Berkshire Hathaway won a bankruptcy auction of subprime loans from Residential Capital.
- Mukesh Buch
- 25 Oct, 2012
- New York City
Aetna third quarter net gained 2% on higher premiums. Altria quarterly net tumbled 44%. Biogen third quarter net jumped 13%. Colgate-Palmolive plans to reduce workforce by 6%. Occidental Petroleum third quarter net declined 22% to $1.38 billion.
- Arthi Gupta
- 25 Oct, 2012
- New York City
U.S. indexes advanced after weekly jobless claims declined 23,000 to 369,000 and durable goods orders rebounded in September. Colgate plans to slash 6% global workforce by 2016.
- Nigel Thomas
- 25 Oct, 2012
- New York City
The Nikkei index gained as the yen dropped to the lowest since June and the expectations of another round of measures from the Bank of Japan next week. Nintendo and Sharp fell on earnings worries and Hitachi Metals lowered operating earnings outlook.
- Marcus Jacob
- 25 Oct, 2012
- New York City
Australian markets closed marginally higher and defensive stocks led the gainers. Mirvac reaffirmed its current year outlook and Westfield Retail Trust swapped interests in seven shopping centers with AMP Capital. ANZ reported 6% increase in full year earnings.
- Arthi Gupta
- 25 Oct, 2012
- New York City
Banco Santander net plunged 94% and Credit Suisse quarterly net dropped 63%. Logitech second quarter net surged. BASF sales rose 8% to
- Arthi Gupta
- 25 Oct, 2012
- New York City
The European indexes gained on better than expected earnings. Sweden left its key rate unchanged and IMF approved
- Bikram Pandey
- 24 Oct, 2012
- New York City
U.S. indexes struggled after early gains and the latest parade of earnings dominated market sentiment and better than expected new home sales in September. U.S. sues Bank of America for mortgage fraud. Fed left its bond buying program and interest rate policy intact.
- Barry Randall
- 24 Oct, 2012
- New York City
New home sales in September rose to the best level in two years on low mortgage rates and banks write more mortgages. Sales in the month increased 5.7% from August and surged 27% fro a year ago.
- Mukesh Buch
- 24 Oct, 2012
- New York City
American Electric Power net jumped 6% and suspended its earnings guidance. AT&T quarterly net edged up and smartphone sales reached 6.1 million. Bristol-Myers net swung to $711 million loss as U.S. sales dropped 43%. Boeing net declined 6%.
- Nigel Thomas
- 24 Oct, 2012
- New York City
The benchmark Nikkei index declined for the first time in eight days and halted the longest rally in 26 months. Sharp Corp gained 6% after the company began selling smartphone in China. Jtek and Kawasaki Heavy declined after companies missed their estimates.