ticker

India Rally Powered by Stable but Elevated Loan Loss Ratio at SBI

Mukesh Buch
13 Feb, 2015
New York City

State Bank of India net surged 30% but loan loss reserves stayed at 4.9%. BHEL net plunged 69%. Cipla jumped 15%. Coal India net declined 16% but sales jumped 4%. M&M revenues slipped 9%. Max India net soared three-fold.

U.S. Stocks Rally on Tech Stocks, Deals and Easing Tensions in Europe

Nichole Harper
12 Feb, 2015
New York City

Stocks surged ahead and Nasdaq flirted with record high after earnings empower market rally on Wall Street. Easing Ukraine and Greece related tensions in Europe also supported market advance. U.S. dollar gained as retail sales fell and weekly jobless claims rose.

Expedia to Acquire Orbitz for $1.4 B, Tripadvisor Surges

Mukesh Buch
12 Feb, 2015
New York City

Avon net loss widened on 13% fall in revenues. BorgWarner dropped 1%. Boeing secured two orders worth about $3.1 billion. Expedia agreed to acquire rival Orbitz Worldwide for $1.38 billion. NVIDIA net surged 31%. Tesla net loss widened. Tripadvisor surged after net climbed 80%.

Sweden Lowers Rate to Negative, Credit Suisse Net Swings to Profit

Nigel Thomas
12 Feb, 2015
New York City

Alstom-Bombardier consortium received order for ten MI09 double-deck trains worth about

Nikkei Surges on Weaker Yen, Rising Earnings adn Share Buy Back Plans

Hiruki Nakamura
12 Feb, 2015
New York City

Weaker yen, rising earnings and a growing stock buyback announcement lifted Nikkei to the highest level in 7

Australian Indexes in 4-Day Slump, Rio Tinto to Buy Back Shares

Marcus Jacob
12 Feb, 2015
New York City

Australian market indexes extended losses to the fourth day in a row and the Aussie dollar edged lower. Jobless rate in January rose more than expected to 6.4%. ASX first-half revenues and earnings were ahead of expectations. Rio Tinto to use up to $500 million to buy back its shares.

Production Slows, Inflation Accelerates in India; Power Grid Net Rise

Mukesh Buch
12 Feb, 2015
New York City

AstraZeneca said net swung to loss. Bank of India net plummeted 70%. Bata India net plunged 33%. Future Retail net tumbled 75% and plans to raise capital. Hindalco rose 8%. Power Grid net and revenues climbed 18%. RCap net soared 28%. Voltas net surged 73% but revenues declined 15%.

Greek Tail Wags U.S. and European Markets, Oil Rally Fizzles

Nichole Harper
11 Feb, 2015
New York City

Stocks on Wall Street traded in a tight range and crude oil declined 1%. European finance ministers and lenders meet Greece and appear in no mood to strike a compromise for the release of the next tranche of bailout. Germany, France and Russia diverge on Ukraine solution.

PepsiCo, Time Warner Net Tumble, Rite Aid in $2 B Deal with Envision

Mukesh Buch
11 Feb, 2015
New York City

AOL net soared 65%. Carlyle net tumbled 77% on 49% decline in revenues. Lorillard profit climbed 16%. Mosaic net soared 180%. PepsiCo net plunged 25%. Rite Aid agreed to buy Envision Pharma for $2 billion. Time Warner net declined 27%. Reuters net swung to profit.

Time is Running Out on Greek Standoff; Heineken, Reckitt Net Jump

Nigel Thomas
11 Feb, 2015
New York City

ARM Holdings net swung to profit to

Australian Indexes in 3-Day Decline; CBA Net Surges 8%, Domino's Jump 20%

Marcus Jacob
11 Feb, 2015
New York City

Australian market indexes declined for the third day in a row in active trading and consumer confidence rose to a one-year high. Commonwealth Bank, the largest bank in Australia said net profit surged 8% to a record high. CSL said net profit soared 7%. Domino

Sensex Rebounds; Jaiprakash Swings to Loss, Nalco Net Rises

Mukesh Buch
11 Feb, 2015
New York City

Market indexes in India rebounded on the hopes of faster implementation of economic reforms after the latest election defeat of BJP. Asian Paints acquired 51% stake in Ethiopia-based Kadisco Paint. Capital First net surged 195%. Deepak Fertilisers net tumbled 98%. Nalco net soared nearly three-fold.

Qualcomm Settles China Dispute for $975 M, Coca-Cola Sales Drop 2%

Mukesh Buch
10 Feb, 2015
New York City

Alere net loss widened and revenues fell. Coca-Cola net tumbled 55%. CVS Health net jumped 5% on 13% increase in revenues. CDW net plunged 14%. Coupons.Com tumbled 26% on weak outlook. Dean Foods net swung to profit. Qualcomm agreed to pay $975 million to China.

After Rhetoric Greece Seeks Compromise, Canon Proposes to Buy Axis

Nigel Thomas
10 Feb, 2015
New York City

Axis received offer from Japan-based Canon for 23.6 billion kronor. Bellway revenues climbed 19% to

Rakuten Estimates 15% Profit Rise, Softbank Reaffirms Annual Outlook

Hiruki Nakamura
10 Feb, 2015
New York City

Investors shifted focus to domestic earnings in trading in Japan. Softbank nine-month net sales increased 41% and the wireless services provider reaffirmed its annual outlook. Rakuten, the largest online retailer in Japan estimated operating profit to rise 15% on the back of fast expanding market.

Market Update