- Arthi Gupta
- 22 Oct, 2012
- New York City
Electrolux net sales rose 5.9% to SEK 27.17 billion and Philips earnings more than doubled from last year in the third quarter. BP agreed to sell its 50% share in TNK-BP to Rosneft and JCDecaux agreed to acquire a 25% stake in Russ Outdoor.
- Barry Randall
- 22 Oct, 2012
- New York City
Stocks in New York were flat in a choppy session after Caterpillar lowered its outlook on weak economy. Peabody, the largest coal miner jumped after it revised higher annual sales outlook. Russia controlled Rosneft agreed to acquire the entire joint venture TNK-BP.
- Nichole Harper
- 22 Oct, 2012
- New York City
Stocks in New York were flat in a choppy session after Caterpillar lowered its outlook on weak economy. Peabody, the largest coal miner jumped after it revised higher annual sales outlook. Russia based Rosneft agreed to acquire the entire joint venture BP-TNK.
- Mukesh Buch
- 22 Oct, 2012
- New York City
Caterpillar third quarter net soar 49% and lowered fiscal guidance. Freeport-McMoRan net declined 21% and Hasbro net slipped 4%. Lennox Intl. net dropped 13% and lifted fiscal outlook. Peabody net plunged 84% and V.F. Corp. net surged 27%.
- Nichole Harper
- 22 Oct, 2012
- New York City
Stocks in New York were flat in a choppy session after Caterpillar lowered its outlook on weak economy. Peabody, the largest coal miner jumped after it revised higher annual sales outlook. Russia based Rosneft agreed to acquire the entire joint venture BP-TNK.
- Nigel Thomas
- 22 Oct, 2012
- New York City
The benchmark Nikkei index rose for the sixth day in a row after dropping as much as 1.5%. Exports in September dropped for the fourth month in a row after shipments to China plunged 14%. Regional manufacturing survey showed economic weakness across.
- Marcus Jacob
- 22 Oct, 2012
- New York City
Australian stocks turned lower from a new 15-month high on the weakness in resource sector. Australian government lowered its estimate of surplus and mining industry tax receipts over next four years.
- Bikram Pandey
- 19 Oct, 2012
- New York City
Market indexes fell more than 1.5% after corporate earnings disappointed investors. European markets also closed lower as European leaders fail to resolve difference for a single banking supervision authority. Market indexes have jumped six-fold since 22% decline on Black Monday 25 years ago.
- Nigel Thomas
- 19 Oct, 2012
- New York City
Nikkei index in Tokyo extended gains for the fourth day in a row as the yen weakened. The Nikkei jumped above 9,000 and closed more than 5% in the best weekly gain since December. China linked stocks advanced on the hopes of deceleration in the growth decline.
- Mukesh Buch
- 19 Oct, 2012
- New York City
Air Products fourth quarter net declined 57% and Baker Hughes third quarter net plunged 60%. General Electric net increased 8% but foreign exchange fluctuations affected revenues. Honeywell net climbed 10%. McDonald
- Marcus Jacob
- 19 Oct, 2012
- New York City
Australian stocks closed at a new 15-month high after sentiment recovered in the mining sector. European leaders negotiated an agreement to finalize the legislation to offer banking aid to Spain. National Australia Bank declined after it reported flat earnings expectations in the fourth quarter.
- Arthi Gupta
- 19 Oct, 2012
- New York City
U.S. indexes edged lower after Google, Microsoft, McDonald
- Arthi Gupta
- 19 Oct, 2012
- New York City
The European markets fell after leaders delayed the Spanish banking aid legislation implementation. German producer prices rose and the UK public sector net borrowing declined. ING agreed to sell its Asian units for
- Arthi Gupta
- 19 Oct, 2012
- New York City
Petrofac reiterated its net profit growth target in 2012 of at least 15%. Bunzl third quarter group revenue rose 5%. Swiss Re announced management changes.
- Bikram Pandey
- 18 Oct, 2012
- New York City
U.S. indexes declined after the rise in weekly jobless claims was offset by the improved leading indicators index and Philadelphia region manufacturing. Google dropped as much as 10% after it reported weak revenues and earnings in earnings filings that were released during the trading hours.