- 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.
- Arthi Gupta
- 24 Oct, 2012
- New York City
U.S. indexes gained ahead of the release of existing home sales data. Dow Chemical planned to cut about 2,400 jobs as part of its restructuring plans. Bard agreed to acquire Neomend for $140 million. Facebook soared 20% after revenues increased 32%.
- Marcus Jacob
- 24 Oct, 2012
- New York City
Australian markets eased after inflation jumped more than expected in the three months to September but still within the target range set by the central bank. The latest increase was driven by the introduction of carbon tax.
- Arthi Gupta
- 24 Oct, 2012
- New York City
The European indexes advanced. German confidence deteriorated, euro area private sector activity fell to a 40-month low, and UK factory orders fell unexpectedly in October. Rolls-Royce won a $2.6 billion order from Singapore Airlines.
- Arthi Gupta
- 24 Oct, 2012
- New York City
Puma estimates annual net earnings to be significantly less than last year. Home Retail half-year sales slid 1% to