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Wall Street at 5-Year High, Jobless Claims Drop to 5-Year Low

Nichole Harper
24 Jan, 2013
New York City

Stocks in New York reversed early morning weakness and extended gains. Apple results weighed on the market after it reported flat earnings and issued a cautious outlook. Nokia drops dividend. Japanese trade deficit surges on higher energy imports.

U.S. Movers: 3M, Apple, Amgen, Bristol-Myers, Lockheed Martin, Raytheon

Mukesh Buch
24 Jan, 2013
New York City

Apple said first quarter net was nearly flat. Bristol-Myers fourth quarter net jumped 9% and Lockheed Martin profit dropped 17%. Union Pacific quarterly net jumped 7% to $1.04 billion.

Nikkei Halts 3-Day Decline, Apple Suppliers Under Pressure

Nigel Thomas
24 Jan, 2013
New York City

Stocks in Tokyo gained for the first time in four days after manufacturing expanded at the fastest pace in five months. The components makers for Apple declined after the phone maker reported stagnant earnings.

Australian Markets Extend Gains to New Highs, Fortescue Shipment Rises

Marcus Jacob
24 Jan, 2013
New York City

Stocks in Australia traded at a new 20-month high after the latest manufacturing survey from China showed continued strength. Fortescue Metals iron shipment was ahead of expectations. OZ Minerals plunged on copper production outlook.

India Movers: Tata Sky Plans $466 Million IPO, HDIL Plunges 22%

Mukesh Buch
24 Jan, 2013
New York City

Andhra Bank third quarter net declined 15.2%. Educomp signed agreement with Kaizen and Bertelsmann for $5 million investment. HDIL tumbled 22% as managing director Sarang Wadhawan lowered his stake. L&T net surged 13% and Reliance Communications profit declined 43.3%.

U.S. House Votes to Lift Debt Ceiling Temporarily, Markets Extend Gains

Bikram Pandey
23 Jan, 2013
New York City

Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings.

Europe Movers: Logitech, Novartis, Unilever, TUI

Barry Randall
23 Jan, 2013
New York City

BHP Billiton gained after it reported gains in petroleum products and iron ore production and reaffirmed 2013 outlook. Unilever increased 3% after sales and earnings rose more than expected. Novartis advanced on better than expected sales outlook for 2013.

European Markets Steady, Earnings in Focus

Barry Randall
23 Jan, 2013
New York City

European markets closed mixed after the latest batch of earnings from Unilever and Novartis. Resource stocks were higher after BHP Billiton reported higher production in the latest quarter. Banks were under pressure on profit taking after 10% surge in the year.

Tech Stocks Lead Advances in New York, IMF Trims World Outlook

Nichole Harper
23 Jan, 2013
New York City

Tech stocks in New York traded higher after Google, IBM and AMD reported better than expected results. Apple is scheduled to release earnings after the close. The International Monetary Fund lowered its estimate for the global economic growth to 3.5%.

Third Day Decline in Nikkei, TDK Drops 4%

Marcus Jacob
23 Jan, 2013
New York City

Nikkei index declined for the third day in a row as investors shifted attention to corporate earnings and the yen firmed. Bank of Japan set a 2% target and pledged to purchase assets from 2014. TDK dropped 4% on the earnings worries.

U.S. Movers: Abbott, General Dynamics, Google, IBM, McDonald

Mukesh Buch
23 Jan, 2013
New York City

Abbott fourth quarter net declined 35% and General Dynamics net swung to $603 million profit. Google profit jumped 7% and IBM net climbed 6%. McDonald

New 20-Month High in Australia, BHP Holds Iron Ore Output Target

Marcus Jacob
23 Jan, 2013
New York City

Australian stocks closed at a new 20-month high after latest inflation data was below estimate and BHP Billiton reported higher sales and held its target for iron ore production growth of 3% in 2013. Linc Energy soared after it revised its energy estimate at shale operation in South Australia.

India Movers: Bharti Airtel Hikes Rates, Zee Net Soars 40%

Mukesh Buch
23 Jan, 2013
New York City

Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.

Stocks in New York Advance to New Highs, World Markets Struggle

Bikram Pandey
22 Jan, 2013
New York City

Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%.

German Confidence Rebounds; Vivendi, Deutsche Bank Fall

Barry Randall
22 Jan, 2013
New York City

European markets closed lower as the earnings season get in the full swing this week. Vivendi declined on the difficult business conditions at its telecom unit. Deutsche Bank was asked to simulate profit after a breakup of banking from securities business by the German regulator.

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