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Australian Stocks Rebound, AMP Cash Flow Soars 72%

Marcus Jacob
08 May, 2014
New York City

Australian market indexes advanced and trading volume picked on active trading in smaller companies. Australian dollar edged higher after China reported higher than expected trade surplus. Qantas plans to shed 2,200 jobs. AMP Limited said net cash flow soared 72%.

India Movers: Aditya, BHEL, Hatsun Agro, Magma Fincorp, P&G, UBI

Mukesh Buch
08 May, 2014
New York City

Aditya Birla tumbled after net declined 90% and sales surged 62%. BHEL successfully commissioned power plant in Oman. Hatsun Agro net plunged but sales jumped. Magma Fincorp net fell 4%. P&G Hygiene profit surged 55%. Union Bank net declined 27%.

Tech Stocks Lead U.S. Indexes Lower

Nichole Harper
07 May, 2014
New York City

Market indexes on Wall Street struggled and tech heavy Nasdaq Composite Index plunged 1.1%. AOL, FireEye, Groupon and Zulily plunged after weaker than expected results. Whole Foods slumped 20% after the organic food retailer trimmed outlook for the second time.

Mondelez Soars; Perrigo, Whole Foods Decline

Mukesh Buch
07 May, 2014
New York City

Duke Energy net swung to a loss $97 million but revenue soared 12%. Icahn Ent net swung to a loss. Mondelez Intl net tumbled 70%. Perrigo profit plunged 57%. Walt Disney profit surged 27%. Whole Foods plunged 20% after growth stalls.

Europe Earnings: Commerzbank, Experian, HSBC, Societe Generale, Siemens

Nigel Thomas
07 May, 2014
New York City

Commerzbank net swung to a profit

Nikkei in Tokyo Drops 2.9%, Softbank Plunges 5%

Hiruki Nakamura
07 May, 2014
New York City

Indexes in Tokyo plunged nearly 3% and the yen gained after a 4-day weekend in Japan. Automakers and electronics exporters declined. Softbank plunged 5% after quarterly results were weaker than expected and wireless carrier said it does not plan to sell its stake in Alibaba public offering.

India Movers: Allahabad Bank, Clariant, Kajaria, Lupin, Syndicate Bank

Mukesh Buch
07 May, 2014
New York City

Allahabad Bank net jump 25%. Clariant Chemicals net plunged 39%. Hindustan Media Ventures climbed 20%. IRB Infra won contract for a road project in Haryana. Kajaria Ceramics profit and sales surged and agreed to acquire 51% stake in Taurus Tiles. Lupin net jumped 35%.

Australian Indexes Drop 0.8%, Westpac to Raise $750 Million

Marcus Jacob
07 May, 2014
New York City

Australian market indexes closed down 0.8% and Aussie dollar gained in light trading. Westpac Banking plans to raise $750 million. ASX third-quarter net increased 10%. Amcor to acquire Indonesia based packaging company for $27 million.

DIRECTV, Dex Media Jump; Discovery, Merck, Towers Watson Drop

Mukesh Buch
06 May, 2014
New York City

Arrow Electronics net climbed 38%. DIRECTV net plunged 75%. Dex Media surged but net loss widened. Discovery net slid. Merck agreed to sell its consumer care business to Bayer for $14.2 billion. NVIDIA profit surged 75%.

Stocks Weaken on Wall Street, U.S. Trade Deficit Eases 3.6%

Nichole Harper
06 May, 2014
New York City

Stocks on Wall Street declined and trade deficit and latest earnings also affected market sentiment. U.S. trade deficit in March dropped 3.6% and exports rose 2.1%. AIG reported first-quarter net declined.

Europe Earnings: Bayer, BMW, Barclays, Balfour Beatty, UBS

Nigel Thomas
06 May, 2014
New York City

Bayer agreed to acquire consumer care business from Merck for $14.2 billion. BMW profit surged 11% to

Record Low Rates Held in Australia, Trade Surplus Narrows

Marcus Jacob
06 May, 2014
New York City

Australian index closed higher after a rollercoaster ride and Reserve Bank of Australian left its key lending rate at record low 2.5%. The rates have been held for nine months in a row. March trade surplus narrowed but iron ore exports rose.

India Movers: Eveready, HDFC, Nelco, Pantaloons, Punj Lloyd, Titan, UBI

Mukesh Buch
06 May, 2014
New York City

HDFC net climbed 16%. Nelco net loss narrowed. Pantaloons net loss widened after sales barely rose 2%. Punj Lloyd won Rs 1,270 crore expressway project in Yemen. Titan profit soared 12%. United Bank of India profit surged.

EC Lowers Growth Estimates; Wacker Chemie, Wincor Nixdorf Fall

Nigel Thomas
05 May, 2014
New York City

Wacker Chemie profit surged

SYSCO Jump; Koppers, Pfizer, Tyson Foods Decline

Mukesh Buch
05 May, 2014
New York City

AAON net surged 38% on 14% increase in revenues. BroadSoft plunged after net loss widened. Koppers profit plummeted 80%. Pfizer net plunged 15% and sales fell 9%. SYSCO net declined 10% but sales jumped 3%. Tyson Foods quarterly net soared.

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