ticker

Cummins, Merck Jump; ADM, Bristol-Myers, Coach, Rockwell Drop

Mukesh Buch
29 Apr, 2014
New York City

Archer Daniels net fell and sales dropped 5%. Bristol-Myers profit surged 54% but revenues slid. Cummins net declined 7% but revenues climbed 12%. Coach net and sales plunged. Merck profit slipped 7.5%. Rockwell net and sales jumped. Valero net climbed 27%.

ABB, Deutsche Bank Net Drop; BP, Whitbread Profit Surge

Nigel Thomas
29 Apr, 2014
New York City

ABB net declined 18% and revenue dropped 3%. BP net surged 229% to $3.6 billion. Banco Santander profit rose 8% to

U.S. Stocks Advance on Earnings and Ahead of Fed Decision

Nichole Harper
29 Apr, 2014
New York City

U.S. stocks opened higher after consumer confidence index eased in April and metropolitan home price index was flat. Iron ore prices in China declined and dragged markets in Europe and Asia.

Iron Ore Prices Drop 8% in April as China Curbs Lending

Marcus Jacob
29 Apr, 2014
New York City

Iron ore prices extended decline by 2% in China and dropped 8% in the month and fell 17% in the year so far. Chinese banks also tightened the lending conditions for ore purchase as inventories shot up 25% to 110 million tons. Resource stocks led the market decliners in Sydney trading.

India Movers: Dabur, HCL, Hexaware, Idea, KPIT, Sesa Sterlite, TVS

Mukesh Buch
29 Apr, 2014
New York City

Dabur net jumped 17% on 15% rise in sales. HCL profit increased 11%. Hexaware Tech net declined 32%. Idea Cellular profit soared 26% after revenue rose 6%. Sesa Sterlite net and revenue surged. TVS Motor net swung to profit. Tata Sponge net jumped.

Forest offers $1.5 B for Furiex, Energy Transfer in $1.8 B Deal

Mukesh Buch
28 Apr, 2014
New York City

CNA Financial net plunged 95%. Ecolab net and sales climbed. Energy Transfer plans to acquire Susser for $1.8 billion. Forest Lab intends to acquire Furiex Pharma for up to $1.46 billion in cash and stock. Franklin Resources net fell 2%. Loews net tumbled 76%. Roper net climbed.

Europe Movers: AstraZeneca, Bayer, Holcim, Meda

Nigel Thomas
28 Apr, 2014
New York City

AstraZeneca surged and rejected revised takeover approach from Pfizer. Bayer net surged 23% to

Pfizer Pursues Astra Zeneca, GE and Siemens Put Alstom in Play

Nichole Harper
28 Apr, 2014
New York City

U.S. stocks eased after tensions between Russia and West remained high and violence perked up in the eastern region of Ukraine. Oil futures traded at a seven-week high. Merger talks lifted indexes in Europe after Pfizer offered a revised bid for Astra Zeneca. GE and Siemens to pursue Alstom SA.

Nikkei in Tokyo Eases 0.9%, Japan Exchange Net Soars

Hiruki Nakamura
28 Apr, 2014
New York City

Stocks in Tokyo closed lower in choppy session and investors focused on domestic corporate earnings. Japan Exchange Group said fiscal year sales soared62% and net nearly tripled. Japan Display estimated lower than expected fiscal year income. Panasonic Corp annual net swung to profit.

Australian Stocks Pare Gains, Goodman Fielder Rejects Wilmar Offer

Marcus Jacob
28 Apr, 2014
New York City

Australian indexes reacted to market volatility in the absence of economic news and deal talks lifted Goodman Fielder 15%. The company rejected overtures from Wilmar International. Transurban reached an agreement with the Victoria government for $850 million road upgrade.

India Movers: Godrej, IDFC, HUL, Siemens, Symphony, Wockhardt, UPL

Mukesh Buch
28 Apr, 2014
New York City

Godrej Consumer net plunged 29% but revenue soared. IDFC profit plummeted 51%. Hindustan Unilever net jumped 11% after sales climbed 10%. Siemens net surged 195% and revenue dropped 9%. Symphony profit soared 50% and sales climbed. UPL net jumped 17%.

Kejariwal Struggles with AAP and Credibility Gap

Arjun Dave
27 Apr, 2014
New York City

The latest Lok Sabha election debate in India has centered on infrastructure development and corruption in the central government. Arvind Kejriwal, leader of the AAP, has attention of urban voters. AAP is driven by good ideals but his young party lacks organization to translate this to results.

Congress Lacks Resolve to Implement Growth Policies in India

Arjun Dave
26 Apr, 2014
New York City

Congress Party has governed India for more than fifty years and regained the control of the government for the last ten. India is the largest democracy in the world and also has chronic poverty that is largely rooted in poor policy choices and poorer implmentation.

Modi Captivates Youth and Business Community in India

Arjun Dave
25 Apr, 2014
New York City

Narendra Modi, the self-made man''s rise from a tea-stall operator to the highest office in Gujarat, has captivate media and business community. Modi offers lot of hope to young voters and businesses who are tired of old political talk and Modi is the first politician to put economic progress first.

Microsoft Cautiously Optimistic; Amazon, Ford, Visa Fall

Manish Shah
25 Apr, 2014
New York City

American Electric Power net surged 54%. Amazon net climbed 32% and sales soared 23%. Colgate-Palmolive net plunged 16%. Ford net tumbled 39%. Microsoft net declined 32%. Starbucks net and sales climbed 9%. Visa profit soared 26%.

Market Update