- Nichole Harper
- 21 Jul, 2015
- New York City
Market indexes on Wall Street declined after quarterly results from IBM, United Technologies and Verizon disappointed investors. Chesapeake Energy axed its annual dividend. Citigroup was fined $700 million for its illegal credit card practices.
- Mukesh Buch
- 21 Jul, 2015
- New York City
IBM net tumbled 17%. BNY Mellon net soared 50%. Baker Hughes net swung to a loss. TD Ameritrade net rose 4%. Fifth Third Bancorp net declined 30%. Harley-Davidson profit plunged 15%. Prologis net soared 93%. Verizon net edged up 0.7%.
- Nigel Thomas
- 21 Jul, 2015
- New York City
European markets traded lower after Novartis missed earnings outlook. Novartis profit plunged 32% on 5% decrease in revenues. Akzo net surged 61%. Remy Cointreau sales jumped 4%. SAP profit declined 16% to
- Mukesh Buch
- 21 Jul, 2015
- New York City
Hindustan Unilever said quarterly profit was nearly flat. Asian Paint net surged 39%. Bharti is in exclusive talks with France-based Orange to sell its four subsidiaries in Africa. Infosys soared 11% on better than expected revenues. HDFC Bank net and revenues climbed.
- Hiruki Nakamura
- 21 Jul, 2015
- New York City
Nikkei average in Tokyo extended rally and the yen eased after two weeks of strength as investors digested latest batch of earnings. Genky, the drug store retailer, said annual sales increased 9% and net soared 50%. Yasakawa Electric said quarterly revenues rose 11%.
- Marcus Jacob
- 21 Jul, 2015
- New York City
Australian market indexes advanced for the sixth day in a row and gold traded near a five-year low. Australian dollar edged dropped to a six-year low and Reserve Bank focused on improving business conditions in its latest minutes of meeting.
- Nichole Harper
- 20 Jul, 2015
- New York City
Market indexes on Wall Street traded higher and gold dropped to a new five-year low. Paypal Holdings began trading at a higher valuation from its parent eBay after the spin-off. Federal Reserve after years of delay today finalized capital increase plan for the largest eight banks.
- Mukesh Buch
- 20 Jul, 2015
- New York City
Morgan Stanley net declined 5% but revenues jumped 13%. Lockheed Martin agreed to buy Sikorsky for $9 billion. Cal-Maine net soared 46%. Hasbro net jumped 5%. Halliburton net tumbled 93% on 26% plunge in revenues. Lennox Intl net climbed 10%.
- Marcus Jacob
- 20 Jul, 2015
- New York City
Australian market indexes rebounded but weak commodities prices checked the rise. Precious metals miners edged lower after gold dropped to a new five-year low. DUET Group said it plans to acquire Energy Developments for $1.92 billion, as consolidation picks up in energy sector.
- Mukesh Buch
- 20 Jul, 2015
- New York City
Two largest cement companies in India reported declining quarterly sales and earnings. INOX Leisure surged 15% after quarterly profit jumped four-fold. CRISIL net rose 12%. Hindustan Zinc net jumped 12% on 21% increase in revenues.
- Nigel Thomas
- 20 Jul, 2015
- New York City
Aveva agreed to buy industrial software unit of France-based Schneider. Alstom sales climbed 8% but new orders tumbled. Rolls-Royce won two contracts worth about $2 billion. Julius Baer net profit tumbled 78% but revenues soared 12%.
- Nichole Harper
- 17 Jul, 2015
- New York City
Tech stocks rallied and Google Inc pushed Nasdaq Composite index further into record zone. However, weakness in energy stocks on weaker oil price kept the S&P 500 index in check. General Electric gained on improving outlook for industrial manufacturing business.
- Hiruki Nakamura
- 17 Jul, 2015
- New York City
Nikkei index extended weekly surge to 4.4% as world markets advanced on the hopes that the third bailout for Greece will be approved. Sharp Corp reported quarterly loss as management struggles with liquid crystal display business. Eisai Co agreed to transfer its facility in North Carolina to Biogen.
- Mukesh Buch
- 17 Jul, 2015
- New York City
Comerica net plunged 9%. Domino''''s profit surged 19%. GE net swung to a loss. Google profit surged 17% on 11% increase in revenues. Honeywell net climbed 8% but revenues declined 5%. J B Hunt net soared 11%. Grainger net jumped 7%.
- Nigel Thomas
- 17 Jul, 2015
- New York City
German lawmakers approve Greek proposal but a significant minority of ruling party disapproved. Electrolux net swung to profit of 608 million kronor. Ericsson profit plunged 20% and revenues climbed 11%. Fortum net surged 86% to