ticker

India Movers: Adani, Hero, Motherson Sumi, Neyveli, PNB, Union Bank

Mukesh Buch
31 Jan, 2014
New York City

Adani Entp net tumbled 84%. Hero Motocorp profit jumped 8% after sales climbed 11%. Motherson Sumi net surged 143% and sales soared 21%. NLC profit climbed 121%. PNB surged after non-performing loan ratio fell and profit declined. Union Bank net climbed 15%.

Google Sells Motorola Mobility Division to Lenovo for $2.9 B

Mukesh Buch
30 Jan, 2014
New York City

Exxon Mobil net declined 16%. Google agreed to sell its Motorola division to Lenovo for $2.9 billion. UPS net swung to a profit of $1.17 billion. Visa net declined 28.3% after revenue climbed 9%.

Nikkei Plunges 2.5%, Nomura Net Jumps 140%

Hiruki Nakamura
30 Jan, 2014
New York City

Nikkei stock average in Tokyo dropped 2.5% and the yen strengthened as currencies in emerging markets declined. Nomura Holdings profit more than doubled. Central Japan Railway Company revenues rose 3.9%. Nippon Steel swung to profit.

Europe Earnings: BSkyB, Dassault, Diageo, Givaudan

Nigel Thomas
30 Jan, 2014
New York City

BSkyB profit plunged 16% to

Australian and Emerging Markets Continued Downward Slide

Marcus Jacob
30 Jan, 2014
New York City

Australian stocks were swept lower with the emerging markets weakness and the Aussie dollar declined further. Home sales in Australia jumped 14.4% in 2013 and import and export prices in December eased 0.5%.

India Movers: BOI, JSW Energy, Muthoot Finance, NALCO, Siemens, Titan

Mukesh Buch
30 Jan, 2014
New York City

Bank of India net plunged 27%. Crompton net swung to a profit. GSFC profit plummeted 26% and sales declined 16%. JSW Energy net tumbled 35%. Muthoot Finance net plunged 28%. NALCO profit jumped 10%. Siemens net rose 2%. Titan net declined 19%.

World Markets Negative Despite Rate Increases in Turkey, S. Africa

Nichole Harper
29 Jan, 2014
New York City

World markets remained on the edge after emerging markets sell-off continued. Turkey nearly doubled its main interest rates and South Africa raised its key lending rates for the first time in nearly six years. Seven largest world market indexes turned negative in 2014.

Nikkei Surges 2.7%, Canon Offes Positive Outlook

Hiruki Nakamura
29 Jan, 2014
New York City

Nikkei in Tokyo surged 2.7% after emerging markets stabilized. The yen strengthened and investors shifted focus to corporate earnings. Canon gained after estimating higher earnings and sales. Sumitomo Mitsui third quarter net fell 9.3%.

Dow Chemical, Praxair, WellPoint, Rise; Boeing, Yahoo Decline

Mukesh Buch
29 Jan, 2014
New York City

Boeing net climbed 26%. Biogen revenue and profit surged. Dow Chemical net swung to a profit. Hess net soared but revenue dropped. Praxair net surged 15%. Valero net surged 28%. WellPoint net tumbled 68%. Yahoo revenue fell 6% but net climbed 28%.

Australian Markets Rebound 1%, Atlas Iron Lifts Production Outlook

Marcus Jacob
29 Jan, 2014
New York City

Australian market indexes rebounded as emerging markets instability fears receded. Australian dollar recovered 0.3%. Atlas Iron Ore lifted its 2014 iron ore production outlook and Drillsearch revised higher its energy output target.

India Movers: Airtel, GAIL, Havell's India, HPCL, ICICI, Sesa Sterlite

Mukesh Buch
29 Jan, 2014
New York City

Bharti Airtel net surged 115%. GAIL net soared 31%. Havell''s net advanced 28%. HPCL agreed to buy 2 gas fields from AWE for A$85 million. ICICI Bank profit jumped 12%. Sesa Sterlite revenue surged. Shriram Transport net declined 13%.

Europe Earnings: Deutsche Bank, Fiat Net Soar; Shell Sells Brazil Assets

Nigel Thomas
29 Jan, 2014
New York City

Deutsche Bank quarterly loss narrowed yearly profit surged. Fiat net soared

U.S. Indexes Advance on Earnings Optimism

Nichole Harper
28 Jan, 2014
New York City

Stocks in New York trading drifted and earnings announcements hovered market sentiment. Federal Reserve commenced its 2-day policy meeting. T. Rowe Price and Ford profit surges.

Australian Markets Decline on Weak Emerging Market

Marcus Jacob
28 Jan, 2014
New York City

Australian stocks extended losses in the week after investors turned cautious on weaker than expected Chinese manufacturing data. The Aussie dollar eased and miners and banks closed down. ACCC supported a shift in supermarket discount strategy.

Apple Plunges 7% on Flat Profit

Mukesh Buch
28 Jan, 2014
New York City

Apple profit was flat but sales jumped. Comcast net surged 26%. Du Pont net doubled. Ford net surged 90% and sales grew 4%. Illinois Tool profit tumbled 65%. Pfizer profit plunged 59% and sales fell 2%. T. Rowe net soared 24%.

Market Update