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Australian Markets Rebound, A New Round Write-offs at RIo Tinto

Marcus Jacob
10 Feb, 2014
New York City

Australian market indexes rebounded and the Aussie dollar advanced. Rio Tinto is expected to announce a new round of write-offs resulting in a quarterly loss of $5 billion. BHP eliminates 230 jobs at a venture with Mitsubishi. Regional Express tumbled 10%.

India Movers: Dena Bank, Godrej, HCC, RCom, TV18, United Bank

Mukesh Buch
10 Feb, 2014
New York City

Dena Bank net declined 67%. Godrej profit tumbled 64% but revenue climbed 18%. Hindustan Construction won orders worth Rs 725 crore in various business segments. RCom net rose 3% and revenue grew 2%. Sun TV net fell 2%. TV18 net soared. United Bank net swing to a loss.

U.S. Stocks Advance After Payrolls and Positive Earnings Reports

Nichole Harper
07 Feb, 2014
New York City

Stocks on Wall Street advanced and trimmed weekly and yearly losses after a string of positive earnings reported and construction industry expanded payrolls despite harsh weather conditions in January. Employers added less than expected 113,000 jobs, weak growth for the second month in a row.

Apple in $14 B Stock Buy Back; Gap, Expedia Rise, Cigna, LinkedIn Fall

Bikram Pandey
07 Feb, 2014
New York City

Apple Inc bought back $14 billion of its stock in the last two weeks after earnings release that disappointed investors. Expedia Inc saored 14% after adjusted quarterly earnings were ahead of expectations. LinkedIn fell 6% on weaker than expected sales outlook. Gap Inc jumped 6%.

Weak Job Growth in January, Jobless Rates Falls to 6.6%

Nichole Harper
07 Feb, 2014
New York City

Economists were surprised by the smaller than expected increase in January employment data and harsh weather played a key role.

U.S. Movers: Green Mountain Soar Coca Cola Stake, Twitter Plunges 21%

Mukesh Buch
06 Feb, 2014
New York City

Twitter Inc plunged 21% after the social networking company reported less than expected monthly active user growth of 30%. Pandora Media dropped 9% after the streaming media estimated weaker than expected outlook. Walt Disney reported higher than expected earnings. GM net was less than forecasted.

Wall Street Indexes Gain 1% on Earnings and Jobless Claims Data

Nichole Harper
06 Feb, 2014
New York City

U.S. indexes advanced after investors shifted attention to earnings and weekly jobless claims were lower than expected. European Central Bank left its reference rate at record low of 0.25%.

Stocks on Wall Street Trend Lower on Private Sector Jobs Data

Nichole Harper
05 Feb, 2014
New York City

U.S. stocks trended lower after a private survey indicated private sector added less than expected jobs in Jan. Also a service sector index showed growth picked up in January.

Nikkei Rebounds 1.2%, Toyota to Post Record Earnings

Hiruki Nakamura
05 Feb, 2014
New York City

Stocks in Tokyo rebounded after the largest selloff in eight months after Toyota Motor Corp and Panasonic reported better than expected earnings. Sony is also said to progress towards a deeper than expected corporate restructuring. The yen traded near 101 against the dollar.

Estee Lauder, Time Warner, Ralph Lauren Drop

Mukesh Buch
05 Feb, 2014
New York City

Automatic Data Processing net slid 3%. Coca-Cola Enterprises net soared 35%. Estee Lauder profit fell 3%. Merck net plunged 14% after sales dropped 3%. Time Warner net declined 11% but revenue jumped. Ralph Lauren profit climbed 10% after sales soared.

Australian Indexes at 7-Week Low, Virgin Australia Drops

Marcus Jacob
05 Feb, 2014
New York City

Australian indexes dropped to a 7-week low after investors adjusted to shift in central bank policy. Banks led the decline after a federal court ruling deemed at least of several fees charged by the court illegal. Virgin Australia plunged on loss expectations.

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