Market Update

U.S. Movers: CNA Financial, Hertz, Loews, Perrigo, Saks, Roper

Mukesh Buch
29 Jul, 2013
New York City

CNA Financial net jumped 17%. Franklin Resources net fell 3%. Loews net climbed nearly four-fold. Perrigo agreed to acquire Elan Corp for $8.6 billion. Saks agree to be acquired by Hudson''s Bay Co for $2.9 billion. Roper net slid 3% and Wynn Resorts profit dropped 6%.

Europe Earnings: Danone, Essilor, Hiscox, Publicis, Ryanair, Unilever

Nigel Thomas
29 Jul, 2013
New York City

Danone said underlying net income for the period slid 1%. Essilor agreed to acquire its stake in Transitions Optical venture from PPG. Hiscox profit for the period surged 27% to

More Australian Miners Lower Outlook and Take Earnings Charges

Marcus Jacob
29 Jul, 2013
New York City

Australian indexes closed higher in thin trading and more mining companies warned of tougher times ahead. Newcrest Mining credit rating was cut. OZ Minerals announced a one-time charge. Rio Tinto agreed to sell a stake in a copper mine to a China based company.

India Movers: Colgate, Indian Bank, J.K. Cement, UltraTech Cement, Wipro

Mukesh Buch
29 Jul, 2013
New York City

Colgate India unit net soared. J.K. Cement profit and sales declined. Jaiprakash Associates net and sales surged. UltraTech Cement net fell 13% and sales dropped 2%. Wipro guided a slight increase in current quarter sales.

Samsung Electronics Net Soars 50%, Lower End Smartphone Sales Drive Sales

Bikram Pandey
26 Jul, 2013
New York City

Samsung Electronics Co said it will invest $18 billion in its memory chip and display businesses in the current fiscal year. Net income, excluding minority interest, increased 50% to 7.58 trillion won.

U.S. Indexes and Consumer Confidence Fall

Nichole Harper
26 Jul, 2013
New York City

U.S. indexes drifted lower on weaker than expected earnings and a weakness in auto sector dragged market sentiment in Europe. SAC Capital pleaded not guilty to criminal charges and Halliburton agreed to pay maximum statutory fine and also made a voluntary contribution of $55 million.

U.S. Movers: Amazon.com, BorgWarner, Helmerich & Payne, Lear, Ventas

Mukesh Buch
26 Jul, 2013
New York City

Amazon.com net swung to loss but revenue and operating expenses climbed. BorgWarner and Helmerich & Payne net surged. Lear and NV Energy profit declined. Stanley Black net jumped 21% and Ventas net soared 55%.

Europe Earnings: BSkyB, BG Group, Deutsche Boerse, LVMH, Pearson, Vivendi

Nigel Thomas
26 Jul, 2013
New York City

Aon net slid 2%. BSkyB profit for the year climbed. BG Group net surged but Belgacom net slipped. Deutsche Boerse profit declined and LVMH net dropped. Pearson net swung to loss. Vivendi to divest its stake in Activision for

Nikkei Plunges 2.9%, Nomura Net Soars

Hiruki Nakamura
26 Jul, 2013
New York City

Market indexes in Tokyo plunged 2.9% and the yen rebounded. Investors booked profit ahead of corporate earnings. For the week, the Nikkei index declined 3.2%. Nomura Holdings said quarterly profit surged.

India Movers: BOI, Dish TV, HUL, PNB, Raymond, Sterlite, Tata Coffee

Mukesh Buch
26 Jul, 2013
New York City

Bank of India net climbed as revenue jumped. Bharat Electronics net declined but revenue grew. Dish TV net loss narrowed. HUL net tumbled but revenue increased. PNB non-performing assets surged. Sterlite net plunged.

Weekly Gain of 1.4% in Australian Indexes, LNG Surges 33%

Marcus Jacob
26 Jul, 2013
New York City

Australian market indexes gained 1.4% for the week and the dollar firmed up near the recent lows. Liquefied Natural Gas Limited soared 33% after it finalized financing for its plant in the U.S. SkyCity Entertainment plans to invest $300 million in a casino project.

U.S. Indexes Lack Direction, SAC Faces Insider Trading Criminal Charges

Nichole Harper
25 Jul, 2013
New York City

Market indexes on Wall Street drifted and earnings from FaceBook, General Motors, Qualcomm, Visa and Boston Scientific dominated the news. European markets declined from a two-month high on weaker than expected earnings. Nikkei declined 1.1% and indexes in China fell.

Nikkei Drops 1.1%; Nissan and Canon in Focus

Hiruki Nakamura
25 Jul, 2013
New York City

Stocks in Tokyo edged lower in volatile trading and the yen weakened a little but investors keenly awaited earnings from large export companies like Nissan, Toyota, Sony and Canon. After the close Canon reported weaker than expected results and Nissan earnings were ahead of expectations.

U.S. Movers: 3M, Biogen, Boston Scientific, Colgate, Facebook, GM

Mukesh Buch
25 Jul, 2013
New York City

3M net jumped 13% and American Electric net plunged 24%. Biogen net soared as revenue jumped. Boston Scientific and Facebook net swung to profit. Colgate net declined but sales rose. General Motors and L-3 Communications profit declined.

Europe Earnings: Axel Springer, Capita, GKN, Howden Joinery, Unilever

Nigel Thomas
25 Jul, 2013
New York City

Axel Springer sold newspaper and magazine business for