ticker

Archer Daniels, Aetna, UPS Profit Tumble

Mukesh Buch
03 Feb, 2015
New York City

Archer Daniels net tumbled 87%. Anadarko net loss in the quarter narrowed. Aetna net plunged 37% but revenues soared 12%. Emerson Electric profit surged 14% on flat revenues. Hartford Financial net climbed 22%. LyondellBasell net declined 33%. United Parcel profit plummeted 61%.

BP Net Swings to Loss; Banco Santander Net Surges

Nigel Thomas
03 Feb, 2015
New York City

Alfa Laval net jumped 5% to 911 million kronor on 19% increase in revenues. BG net loss widened to $5.03 billion and the natural gas company wrote down of $8.9 billion assets in Australia. BP net swung to a loss of $4.4 billion. Banco Santander net surged 39%. Ocado net swung to profit.

Greek Finance Minister Tones Down Debt Write Off Demand, Stocks Soars 11%

Nigel Thomas
03 Feb, 2015
New York City

Greek finance minister at a gathering in London with bankers suggested today that Greece will look for ways to exchange current debt with new securities where payments are linked to economic growth. The ASE Index in Athens soared 11% but closed up 9%.

Monetary Base in Japan Rises 37.4%, Mineba in Focus

Hiruki Nakamura
03 Feb, 2015
New York City

Airlines closed lower in Tokyo after oil price rose to one-month high and the yen gained. Electronics and auto exporters fell after the yen strengthened 0.5%. Mineba Co reported rising sales and net income for nine-month period. Panasonic said it will close its television unit in China.

Aussie Dollar Drops to New 5-Year Low After Rate Cut to 2.25%

Marcus Jacob
03 Feb, 2015
New York City

Reserve Bank of Australia lowered its reference rate for the first time since August 2013 by 25 basis points to 2.25%. Aussie dollar fell 1.5 cents to 76.60 U.S. cents to a new five-year low. Australian trade deficit narrowed in December and fell 3.9% in 2014.

Banks Report Rising Bad Loans in India

Mukesh Buch
03 Feb, 2015
New York City

Punjab National Bank was the latest casualty among the large banks and reported gross non-performing assets nearly doubled to 5.97%. Hero MotoCorp January vehicle sales edged lower following an increase in excise tax.

Weakest U.S. Consumer Spending in Five Years, World Markets Lack Direction

Nichole Harper
02 Feb, 2015
New York City

U.S. stocks traded sideways and the latest economic data suggested consumers are using the benefits from cheaper energy to pay down debt and save more.

Exxon Mobile Net Drops 21%, Tenneco Sales Ease

Mukesh Buch
02 Feb, 2015
New York City

1-800-Flowers.Com net soared after the sales more than doubled. Avery Dennison net jumped 66%. Exxon Mobil net and revenues plunged 21%. Lennox Intl net soared 27%. Tenneco net plummeted 61%. Sysco profit tumbled 25% and revenues jumped 8%.

CRH in

Nigel Thomas
02 Feb, 2015
New York City

CRH agreed to acquire assets from cement maker Holcim and Lafarge worth about

In Japan Fujitsu Lifts Outlook; Lixil and Chubu Lower Estimates

Hiruki Nakamura
02 Feb, 2015
New York City

Tokyo indexes declined after weaker than expected economic growth in the U.S. and China reported manufacturing index shrank in December. Chubu Electric Power lowered its net income outlook by 26%. Fujitsu soared after the conglomerate lifted its outlook by 5.6%.Lixil Group lowered its sales outlook.

Australian Indexes Extend 8-Day Rally; JB Hi-Fi, Kathmandu in Focus

Marcus Jacob
02 Feb, 2015
New York City

Australian stocks extended rally for the eighth day in a row and investors speculated on interest rate cut decision. Home prices continued to rise across Australia and Melbourne. JB Hi-Fi forecasted flat annul earnings. Kathmandu said first-half sales were lower than expected.

Maruti, Tata Motor and Ashok Leyland January Sales Rise in India

Mukesh Buch
02 Feb, 2015
New York City

Ashok Leyland said January total auto sales soared 36% but Bajaj Auto sales slipped 9%. Bharat Forge net more than doubled. Eicher Motors sales climbed 25% while M&M tractor sales fell 26%. Tata Motors sales rose 5%. Tech Mahindra net rose 12%.

U.S. Economic Growth Slows, Amazon Returns to Profit

Nichole Harper
30 Jan, 2015
New York City

U.S. economic growth in fourth quarter was 2.6% and for all of 2014 was 2.4%. Stocks on Wall Street traded lower after slower than expected growth in the quarter. Russian ruble plunged 4% after central bank abruptly lowered rate by 200 basis points.

Amazon, Biogen, Google, MasterCard Soar; C R Bard, Xerox Decline

Mukesh Buch
30 Jan, 2015
New York City

Amazon.com net declined 11% but revenues jumped 15%. Biogen profit surged 93%. Chevron net tumbled 30% on 18% decline in revenues. Eli Lilly net plummeted 41% and revenues declined 12%. Google revenues and net soared. MasterCard net surged 29%. Xerox profit tumbled 49%.

Industrial Production Jumps 1%; Honda, Nomura, NTT DoCoMo, Toshiba in Focus

Hiruki Nakamura
30 Jan, 2015
New York City

Stocks in Tokyo closed higher after industrial production jumped 1% and inflation was below target set by the Bank of Japan. Jobless rate in December was unchanged at 3.4% and housing starts dropped 9%, first monthly decline in five years.

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