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U.S. Markets Shrug Off Military Action in Iraq, European Indexes Ease

Nichole Harper
08 Aug, 2014
New York City

Stocks in New York opened higher and investors shrugged off flying bombs in Iraq. The latest American military involvement only highlighted growing humanitarian crisis but investors surmised U.S. economic fundamentals remain intact.

McDonald

Mukesh Buch
08 Aug, 2014
New York City

Brookfield Asset net surged 94%. Choice Hotels net climbed 11% on 4% increase in revenues. Consolidated Edison net soared 23%. McDonald''s July global comparable sales fell 2.5% and U.S. sales declined 3.2%. Nvidia net surged 33%. Sotheby

Allianz Net Surges on Lower Claims, Tod

Nigel Thomas
08 Aug, 2014
New York City

Allianz net climbed 11% to

Japan and Asian Markets Plunge after U.S. Orders Iraq Air Strikes

Hiruki Nakamura
08 Aug, 2014
New York City

Market averages in Tokyo plunged 2.3% in an Asia-wide sell-off after U.S. ordered Iraq strike. The latest military strike contributed the growing turmoil in the Middle East and to the persistent tensions between Russia and Europe. SoftBank quarterly net plunged.

State Bank of India Net Rises 3%, Bombay Dyeing Net Loss Widens

Mukesh Buch
08 Aug, 2014
New York City

Bombay Dyeing net loss widened. Finolex Cables profit and revenue climbed on higher prices. M&M net jumped 4% despite sluggish sales. Nestle India profit climbed 6% on 10% increase of revenue. SBI net rose 3%. Vardhman Textiles net dropped.

6-day Decline of 3.6% in Australian Indexes; RBA Cuts Growth Outlook

Marcus Jacob
08 Aug, 2014
New York City

Australian markets extended losses for the sixth session. Indexes on Friday declined 1.3% and in the six-day period lost 3.6% on rising geopolitical worries. Reserve Bank of Australia lowered its GDP growth and inflation estimate.

Costco, Walgreen July Comparable Sales Soar

Mukesh Buch
07 Aug, 2014
New York City

AES net plunged 20%. Costco July sales soared 9% and comparable sales jumped 5%. Duke Energy net surged 80%. IntercontinentalExchange net climbed 47%. Sempra Energy net climbed 10%. Walgreen July comparable sales jumped 5.2%.

U.S. Markets Focus on Earnings Improvements, Draghi Highlights Recovery Risks

Nichole Harper
07 Aug, 2014
New York City

Optimism returned to stock trading after two weeks of losses in New York. Initial claims of weekly jobless claims declined to an eight year low and better than expected earnings from 21st Century Fox and CenturyLink contributed to investor enthusiasm.

Adidas Lowers Outlook; Nestle Earnings Hit by Strong Franc

Nigel Thomas
07 Aug, 2014
New York City

adidas net plunged 27% to

Japan Stocks Advance on Earnings and GPIF Expectations

Hiruki Nakamura
07 Aug, 2014
New York City

Stocks in Tokyo gained as earnings season accelerate and nearly 400 companies are scheduled to release results before the end of the week. Mitsui Fudosan declined after quarterly net declined. Olympus Corp swung to quarterly net profit.

Australian Jobless Rate Jumps to 12-year High, Stocks in Five Day Decline

Marcus Jacob
07 Aug, 2014
New York City

Australian market indexes extended losses for the fifth day in a row after unemployment rate unexpectedly jumped to 6.4%, a 12-year high. Rio Tinto said first-half earnings increased 21% to $5.1 billion. Tabcorp Holdings annual net increased 2.6%.

Glaxo India Net Rises 8.5%; Trident Net Plunges 27%

Mukesh Buch
07 Aug, 2014
New York City

Balrampur Chini net loss narrowed. Glaxo net and revenue climbed above 8%. Gati net soared 72% but the company plans to cut debt and exit from loss making freight shipping business. MM Forgings net climbed. Sundram Fasteners net soared. Trident profit declined 27%.

Fox Withdraws Time Bid; Walgreen in Inversion-Free Deal

Mukesh Buch
06 Aug, 2014
New York City

OL net fell 1% but revenue climbed. Cerner acquired health information technology business from Siemens for $1.3 billion. Cognizant net surged 24% on sales growth in the U.S. Chesapeake net tumbled 68%. Time Warner net soared 10%. Walgreen reversed its plan for inversion and stay in the U.S.

5-day Decline in Japan Indexes, Asahi Group Net Surges 25%

Hiruki Nakamura
06 Aug, 2014
New York City

Stocks in Tokyo closed lower for the fifth day in a row and the yen traded above 102 level against the U.S. dollar. Asahi Group said quarterly net surged 25%. The largest trading company Mitsui & Co Ltd reported a slight decline in earnings on weak petroleum and commodities sales.

Australian Indexes Extend Losses

Marcus Jacob
06 Aug, 2014
New York City

Australian stocks closed lower and investors focused on the international commodities prices. The Aussie dollar traded above 93 U.S. cents and gold and oil traded lower in Sydney.

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