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U.S. Market Indexes Trade Sideways, Berkshire Hathaway Net Jumps

Nichole Harper
04 Aug, 2014
New York City

U.S. market indexes traded sideways after the largest weekly losses in two years. Berkshire Hathaway Inc said second quarter net income soared 41% to $6.4 billion. CNA Financial said quarterly sales declined 4% and Loews Corp sales fell 0.5%.

Berkshire Net Soars 41%; CAN and Loews Struggle with Revenues

Mukesh Buch
04 Aug, 2014
New York City

BroadSoft profit plunged 43%. Cardinal Health net swung to a profit but revenue declined 10%. CNA Financial net soared 38%. Loews net tumbled 57%. L.B. Foster net climbed 6% on 11% increase of revenue.

HSBC, Immofinanz Net Drop, Co-operative Group Sells Unit to Wellcome

Nigel Thomas
04 Aug, 2014
New York City

Co-operative Group agreed to sell its farms business to Wellcome Trust for

M&M, Tata Motors July Sales Drop; Grasim Net Declines

Mukesh Buch
04 Aug, 2014
New York City

3M India net soared 102%. Grasim net declined 20% but revenue surged 16%. M&M July sales fell 4%. Marico net surged 19%. Oriental Bank of Commerce net rose. Tata Motors total sales in July plunged 23%. TVS Motor sales in July soared 32%.

Stocks in Tokyo in 3-day Slump; Rakuten, Brothers and Lixil Sales Advance

Hiruki Nakamura
04 Aug, 2014
New York City

Investors in Tokyo reacted to international developments and market indexes declined for the third day in a row. Brothers Industries quarterly sales increased 15%, Lixil Group sales rose 10% and Rakuten sales soared 15%.

Australian Retail Sales Rise 0.6%, Crown Resorts to Develop Las Vegas Site

Marcus Jacob
04 Aug, 2014
New York City

Australian retail sales in June increased 0.6% but market indexes struggled to rebound from the sharply lower opening. Crown Resorts formed a joint venture to develop a casino site in Las Vegas. Treasure Wine Estates confirmed a takeover offer.

World Markets Extend Losses to Second Day

Nichole Harper
01 Aug, 2014
New York City

U.S. market indexes extended losses for the second day in a row. Investors also digested construction spending weakness, rising consumer spending and monthly job creation for the sixth month in a row in July. Markets in Europe eased further and Asian markets reacted to the global market sell-off.

Iliad Offers $15 B for T-Mobile, ArcelorMittal Net Swings to Profit

Nigel Thomas
01 Aug, 2014
New York City

ArcelorMittal net swung to profit after sales jumped. Iliad offered $15 billion for 56.6% controlling stake in T-Mobile US. Intesa Sanpaolo net surged 71% to

Global Markets Weakness Pare Weekly Gains in Japan

Hiruki Nakamura
01 Aug, 2014
New York City

Global weakness dragged markets in Tokyo and Topix and Nikkei pared weekly gains. The yen traded near 102 mark against the dollar. Freight ship liner Mitsui O.S.K. said quarterly net tumbled 34%. Suzuki Motor net soared 39%.

Australian Indexes Plunge 1.4%

Marcus Jacob
01 Aug, 2014
New York City

Australian market indexes plunged 1.4% following a global market sell-off. Home prices in capital cities in Australia rose in July driven by demands in Sydney and Melbourne and manufacturing activities expanded for the first time since October according to private surveys.

India: Hero, Maruti Suzuki Sales Rise; Tech Mahindra Net Up

Mukesh Buch
01 Aug, 2014
New York City

Castrol net plunged 19% but sales rose. DLF profit and revenue plunged. Hero Motocorp July sales climbed 9% and Maruti Suzuki sales surged 22%. JSW Steel net swung to profit on 29% increase in sales. Pantaloons loss widened. Titan profit dropped.

U.S. Indexes Drop 2%, Whole Foods Market and Exxon Mobil Decline

Nichole Harper
31 Jul, 2014
New York City

U.S. market indexes declined sharply after weekly initial jobless claims rose 23,000 to 302,000 and Exxon Mobil and Whole Foods Market reported weaker than expected quarterly announcements. Target appointed Pepsi executive as new CEO.

Cigna, ConocoPhillips, Helmerich & Payne, Kellogg Decline

Mukesh Buch
31 Jul, 2014
New York City

Apache net plunged 50% and revenue declined 19%. Becton Dickinson profit climbed 8%. Cigna net soared 13%. ConocoPhillips quarterly net was flat but revenue jumped 4%. DirecTV net surged 22%. Helmerich & Payne net plummeted 28%. Kellogg profit tumbled 16%. MasterCard net climbed 10%.

Japan Indexes Fall on Weak Earnings from Nintendo, Panasonic

Hiruki Nakamura
31 Jul, 2014
New York City

Topix index in Tokyo closed lower for the first time in five days after several companies missed earnings estimates. Sumitomo Mitsui Financial Group reported smaller than expected decline in earnings. Mitsubishi Heavy Industries said quarterly net soared 65%.

Europe Earnings: adidas, BNP Paribas, Lloyds Banking, Weir

Nigel Thomas
31 Jul, 2014
New York City

adidas plunged 16% after the footwear lowered annual profit estimate. BNP Paribas net swung to a loss of

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