Market Update

Colgate, Visa Profit Soar; Exxon, Time Warner Net Drop

Mukesh Buch
30 Apr, 2015
New York City

American Tower net declined 9% but revenues climbed 9%. BorgWarner net soared 12%. Colgate-Palmolive profit surged 40% while revenues dropped 6%. Cigna revenues climbed 11%. Exxon Mobil net tumbled 46%. Time Warner net fell 4%. Visa net surged 11%.

Inflation Halts from Falling in Euro Zone, BNP Paribas Net Rises

Nigel Thomas
30 Apr, 2015
New York City

Airbus profit surged 80% to

Nikkei Plunges 2.7%, Honda, NTT DoCoMo Drop

Hiruki Nakamura
30 Apr, 2015
New York City

Nikkei in Tokyo plunged 2.7% after two-day holiday and the U.S. economy nearly stalled in the first-quarter. Honda dropped 7% after the automaker estimated flat earnings in the current fiscal quarter. NTT DoCoMo declined 6% on earnings outlook.

Australian Indexes Extend Weekly Loss to 1.5%, Aussie Dollar Rises

Marcus Jacob
30 Apr, 2015
New York City

Australian market indexes dropped on weak banks and the Aussie dollar rose after the U.S. economy in the first-quarter nearly stalled. Ten Network said first-half loss widened on restructuring charges. TPG Telecom lifted its stake in Amcom Telecom and vote against the takeover.

Sensex Drops to 4-Month Low on Third Weekly Decline

Mukesh Buch
30 Apr, 2015
New York City

The benchmark index in India declined for the third week in a row. Axis Bank net climbed 18% on 22% increase in revenues. Biocon net soared 78%. Exide Industries net and revenues rose. TVS Motor net surged 74%.

U.S. Economy Stalls in First-Quarter, Markets Dive

Nichole Harper
29 Apr, 2015
New York City

U.S. economy slowed down in the first quarter on unusually cold weather, moderate consumer spending and weak energy prices. MasterCard said quarterly worldwide purchase volume increased 12%. Time Warner quarterly net plunged 25%. Volkswagen quarterly net soared 19%.

Express Scripts, Humana, MasterCard Climb; Kraft Foods, Time Warner Plunge

Mukesh Buch
29 Apr, 2015
New York City

Bristol-Myers profit soared 27%. Express Scripts net surged 34%. GoPro net jumped more than double. Humana net jumped 17%. Kraft Foods net plunged 16%. Level 3 net rose 9%. MasterCard net soared 17%. Twitter net loss widened. Time Warner net tumbled 25%. Reuters net climbed 10%.

ABB, Iberdrola, VW Net Climb, Barclays Profit Tumbles 52%

Nigel Thomas
29 Apr, 2015
New York City

ABB net jumped 4% to $564 million but revenues declined 10%. Barclays set aside

Broad Selloff in Australia, ASX Down 1.9%

Marcus Jacob
29 Apr, 2015
New York City

In active trading, Australian market indexes dropped 1.9% in a broad selloff. Wesfarmers reported mixed quarterly sales performance across various chains. Sales at Bunnings, Officeworks and Kmart rose in double digits. Recall Holdings accepted a revised offer from Iron Mountain.

India: Bharti, HDFC, Idea Cellular Net climb; Ambuja Net Falls

Mukesh Buch
29 Apr, 2015
New York City

Market indexes extended losses in Mumbai despite rising earnings from two largest wireless telecom services providers. Bharti Airtel net climbed 31% and Idea Cellular quarterly net surged 60%. Ambuja Cements revenues declined 8%. HDFC quarterly net soared 8%.

IBM and Apple Hike Dividend, Stocks Volatile on Wall Street

Nichole Harper
28 Apr, 2015
New York City

Stocks on Wall Street in volatile trading reversed earlier losses after IBM and Apple hiked dividend and a private survey showed home prices increase more than expected in February. European markets dropped more than 1.3%. Crude oil jumped to a new 2015-high.

Apple Profit Surge on iPhones Sales; BP, Ford, Merck Net Decline

Mukesh Buch
28 Apr, 2015
New York City

Apple net surged 33% after sales climbed 27%. BP net tumbled 27% on 41% decline in revenues. Ford profit and sales dropped. Hartford net slumped 6%. Merck profit plunged 45%. Pfizer net barely rose 2%. Total net tumbled 20%. Whirlpool profit soared 19%.

European Markets Drop 1.3%; Banco Santander, Daimler Net Surge

Nigel Thomas
28 Apr, 2015
New York City

European markets dropped more than 1.3% on weaker than expected results. Banco Santander net soared 32%. Daimler profit surged 89% to

Late Evening Selloff in Sydeny Market, Beach Energy Sales Drop 33%

Marcus Jacob
28 Apr, 2015
New York City

Australian market indexes turned lower after weak momentum in resource sector stocks. Lifestyle Communities agreed to acquire a land parcel for $11.5 million and plans to build retirement village in Victoria. Beach Energy first-quarter net declined 33%.

Fanuc Lifts Dividend Payout Ratio; Canon, Honda Net Drop

Hiruki Nakamura
28 Apr, 2015
New York City

Nikkei stock average in Tokyo closed higher amid corporate earnings and Fanuc soared 6% after industrial robot maker said it plans to pay 60% of its consolidate income as dividend. Komatsu declined 6% after the company estimated operating profit to fall 8.7%.