- Nichole Harper
- 04 Feb, 2015
- New York City
Stocks in New York traded sideways and oil fell from its one-month high and commodities retreated after rising for four days in a row. Staples agreed to acquire Office Depot for $6.3 billion. European markets closed nearly unchanged. China lowered bank reserve ratio and increase liquidity.
- Mukesh Buch
- 04 Feb, 2015
- New York City
Cognizant profit jumped 12%. GM net climbed 22%. Humana net swung to profit after revenues surged 21%. Merck net surged but revenues plunged 7%. Ralph Lauren net plunged 9%. Staples agreed to acquire Office Depot. Whirlpool net tumbled 55%. Walt Disney net Climbed.
- Hiruki Nakamura
- 04 Feb, 2015
- New York City
China joined other nations in offering more monetary support to economy as the economic growth slows and factory output growth struggles.
- Hiruki Nakamura
- 04 Feb, 2015
- New York City
Stocks in Tokyo gained following better than expected profits from the largest bank Mitsubishi UFJ, Toyota Motor and Yamaha Corp. Astella Pharma said net income increased 38% in the nine-month period.
- Marcus Jacob
- 04 Feb, 2015
- New York City
Australian market indexes gained for the second day in a row after RBA cut rates unexpectedly. Resource stocks advanced after commodities prices rebounded and oil traded at one-month high. Westfield sold some of its U.S. properties.
- Nigel Thomas
- 04 Feb, 2015
- New York City
Glaxo profit tumbled 58.9% to
- Mukesh Buch
- 04 Feb, 2015
- New York City
Alembic said net rose 7%. Bharti Airtel net surged 135% on 23% increase in revenues. Bharti Infratel net climbed 23%. Canara Bank net soared 60%. Tata Power net swung to profit. Gujarat Pipavav net climbed 16%. Wockhardt net jumped 14%.
- Nichole Harper
- 03 Feb, 2015
- New York City
Market indexes in New York jumped nearly 1.5% after oil price stabilized and reached one-month high. European markets also turned higher after Greece retreated from its debt write-off demands. Crude oil jumped 6%.
- Mukesh Buch
- 03 Feb, 2015
- New York City
Archer Daniels net tumbled 87%. Anadarko net loss in the quarter narrowed. Aetna net plunged 37% but revenues soared 12%. Emerson Electric profit surged 14% on flat revenues. Hartford Financial net climbed 22%. LyondellBasell net declined 33%. United Parcel profit plummeted 61%.
- Nigel Thomas
- 03 Feb, 2015
- New York City
Alfa Laval net jumped 5% to 911 million kronor on 19% increase in revenues. BG net loss widened to $5.03 billion and the natural gas company wrote down of $8.9 billion assets in Australia. BP net swung to a loss of $4.4 billion. Banco Santander net surged 39%. Ocado net swung to profit.
- Nigel Thomas
- 03 Feb, 2015
- New York City
Greek finance minister at a gathering in London with bankers suggested today that Greece will look for ways to exchange current debt with new securities where payments are linked to economic growth. The ASE Index in Athens soared 11% but closed up 9%.
- Hiruki Nakamura
- 03 Feb, 2015
- New York City
Airlines closed lower in Tokyo after oil price rose to one-month high and the yen gained. Electronics and auto exporters fell after the yen strengthened 0.5%. Mineba Co reported rising sales and net income for nine-month period. Panasonic said it will close its television unit in China.
- Marcus Jacob
- 03 Feb, 2015
- New York City
Reserve Bank of Australia lowered its reference rate for the first time since August 2013 by 25 basis points to 2.25%. Aussie dollar fell 1.5 cents to 76.60 U.S. cents to a new five-year low. Australian trade deficit narrowed in December and fell 3.9% in 2014.
- Mukesh Buch
- 03 Feb, 2015
- New York City
Punjab National Bank was the latest casualty among the large banks and reported gross non-performing assets nearly doubled to 5.97%. Hero MotoCorp January vehicle sales edged lower following an increase in excise tax.