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Australian Markets Halt Slide, Weekly Loss of 1.6%

Marcus Jacob
19 Apr, 2013
New York City

Australian stocks closed higher on the final day of the week. The ASX 200 index declined 1.6% during the volatile week when resource companies plunged more than 5%. QBE Insurance Group agreed to settle charges with New York regulators for $9.7 million.

L'Oreal Quarterly Sales Jump 5%, SAP Net Surges 17%

Nigel Thomas
19 Apr, 2013
New York City

L''''Oreal said first quarter revenue jumped 5.1% to

Wall Street Slides on Revenue Misses at Morgan Stanley, Ebay, American Express

Nichole Harper
18 Apr, 2013
New York City

U.S. stocks declined and struggled near the bottom of the session after weekly jobless claims rose and earnings from several companies failed to meet analyst estimates. UnitedHealth Group, American Express, Ebay and Morgan Stanley fell on quarterly results.

Europe Movers: Debenhams, Sky Deutschland, Sodexo, Syngenta

Nigel Thomas
18 Apr, 2013
New York City

Debenhams profit for the first-half slid to

U.S. Movers: BB&T, Danaher, eBay, Morgan Stanley, SanDisk

Mukesh Buch
18 Apr, 2013
New York City

BB&T first quarter net plunged 51% and eBay net soared 19% but offered weak outlook. Morgan Stanley net swung to $958 million profit and Mattel first quarter net surged nearly four-fold. SanDisk net soared 46%.

European Markets Rebound, Weather Impacts UK Retail Sales Growth

Jeffrey Gogo
18 Apr, 2013
New York City

European markets rebounded a day after a rout in commodities price and weak auto sales across the currency zone. UK retail sales growth declined in March on the coldest temperatures since 1962. Portugal proposed new austerity measures.

India Movers: CRISIL, Essar Ports, HMT, IndusInd Bank, MRF

Mukesh Buch
18 Apr, 2013
New York City

CRISIL fourth quarter net declined 15% and Essar Ports net swung to profit. Government controlled HMT soared on speculation of capital injection. IndusInd Bank fourth quarter net climbed 37.6% and MRF second quarter net jumped 40%.

Australian Resource Stocks Plunge 5%

Marcus Jacob
18 Apr, 2013
New York City

Australian stocks plunged in the late afternoon to extend the daily loss to 1.6% in the broader indexes. Commodities declined and copper dipped to the price last seen in October 2011. Resource sector index dropped more than 4%.

Wall Street Extends Global Markets Decline

Nichole Harper
17 Apr, 2013
New York City

Stocks on Wall Street declined as global growth worries resurfaced and the latest batch of earnings disappointed analysts. European auto sales dropped for the eighteenth month in a row. Bank of America, Intel and CSX traded lower after reporting earnings.

U.S. Movers: Abbott, BofA, CSX, Intel, Linear Tech, Yahoo

Mukesh Buch
17 Apr, 2013
New York City

Abbott first quarter net plunged 56% and BofA net surged to $2.26 billion. Intel net plunged 25% to $2.04 billion. Linear third quarter jumped 13%. Bank of New York first quarter net swung to $266 million loss. Yahoo first quarter net jumped 92% to $390 million.

European Auto Market Weakness Continues, Stocks Decline

Jeffrey Gogo
17 Apr, 2013
New York City

European markets declined on weak auto sales and the IMF lowered its global growth outlook. Auto sales in Germany plunged 17% and Peugeot Citroen lowered its annual outlook.

Australian Indexes Rise 1%, BHP Production Lower on Weather Delays

Marcus Jacob
17 Apr, 2013
New York City

Australian markets traded higher tracking higher metal prices. BHP Billiton reaffirmed its annual production outlook but missed quarterly expectations for its iron ore and crude oil production. Harvey Norman said sales increased 0.6%.

India Movers: TCS Net Gains 3%, Oil India to Raise $400 Million

Mukesh Buch
17 Apr, 2013
New York City

Crompton Greaves secured contract worth $60 million from Iraq. GAIL plans to sell its 4.6% stake in China Gas Holdings. HCL Technologies third quarter jumped 7.8%. Oil India plans to raise $400 million. TCS fourth quarter net rose 3% and Yes Bank net surged 33%.

Europe Movers: ASML Net Tumbles 66%, Tesco Net Plunges

Nigel Thomas
17 Apr, 2013
New York City

ASML first quarter net income tumbled 66% to

U.S. Movers: BlackRock, J&J, Coca-Cola, Goldman Sachs, Grainger

Mukesh Buch
16 Apr, 2013
New York City

BlackRock fourth quarter net climbed 25% and J&J first quarter net dropped 10%. Coca-Cola quarterly net tumbled 15% and Goldman Sachs net advanced 5% to $2.18 billion. U.S. Bancorp first quarter net jumped 7% and Grainger net climbed 13% and lifted outlook.

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