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Australian Home Sales Rise 1.2%, QBE Insurance Lowers Earnings Outlook

Marcus Jacob
29 Jul, 2014
New York City

Australian market indexes closed higher after declining for two days in a row. Home sales in June increased 1.2% and added 2% in the quarter to the month. QBE Insurance said first-half results will be impacted by weakness in Latin America.

World Markets Ease, BSkyB to Buy German, Italian Units from Fox

Nichole Harper
25 Jul, 2014
New York City

Stocks on Wall Street turn lower after Amazon reported larger than expected quarterly loss for the second quarter in a row and Visa lowered its annual revenue outlook. BSkyB agreed to acquire Sky ventures in Italy and Germany.

Amazon Net Loss Widens; Moody's, Starbucks Fall

Mukesh Buch
25 Jul, 2014
New York City

AbbVie net jumped 3%. American Electric Power net soared 15%. Amazon.com net loss widened but revenue surged 23%. Chubb net declined 14%. DTE Energy net climbed 18%. Moody''s net soared 41.5%. Starbucks revenue and profit jumped. Tyco Intl net surged.

LVMH Fashion and Wine Revenues Fall 7%, RBS Net Drops

Nigel Thomas
25 Jul, 2014
New York City

Air France net loss narrowed to

Wipro Net Soars, LIC Housing Sales Advance

Mukesh Buch
25 Jul, 2014
New York City

Ambuja profit surged 26%. Bharti Infratel net jumped 29%. Colgate net jumped 4% on 13% sales increase. Glenmark net climbed 44%. HT Media net plunged 31%. Indian Bank profit tumbled 35%. MMFSL net declined 16%. PNB net climbed 10%. Wipro quarterly net soared 30%.

Nikkei in Tokyo Extends Weekly Gain, Yen Advances

Hiruki Nakamura
25 Jul, 2014
New York City

Stocks in Tokyo extended weekly gain on positive quarterly reports from Itochu, Chugai, Fanuc and Japan Exchange. Itochu jumped after the company announced a stock buyback plan of as much as $1 billion. The yen extended annual gain to 3.5% on rising tensions in Europe.

Australian Indexes Halt 7-day Advance

Marcus Jacob
25 Jul, 2014
New York City

Australian market indexes halted seven day advance and closed up 0.9% for the week. Flight Centre Travel Group lowered fiscal outlook and wrote down assets in India and in the U.S. Drillsearch quarterly revenues declined 4% but the annual sales soared three-fold.

U.S. Home Sales in June Plunges 8%, Weekly Jobless Claims Drop

Nichole Harper
24 Jul, 2014
New York City

Stocks on Wall Street trended higher after June new home sales plunged 8% but weekly jobless claims dropped to a low not seen in last nine years. General Motors issued a new round of recalls. Facebook soared on record quarterly sales.

3M, Caterpillar, Facebook Net Jump; Bristol-Myers, Eli Lilly Profit Decline

Mukesh Buch
24 Jul, 2014
New York City

3M net climbed 6%. AT&T net declined 8%. Bristol-Myers profit plunged 38%. Caterpillar net jumped but revenue dropped. Eli Lilly net tumbled 39%. Ford net climbed 6% but revenue slid. GM net tumbled 83%. Raytheon net soared 13%.

Kingfisher Sales Ease, Logitech Sales Surge

Nigel Thomas
24 Jul, 2014
New York City

easyJet declined despite revenue climbed 9% to

Nikkei in Tokyo in 2-day Decline

Hiruki Nakamura
24 Jul, 2014
New York City

Stocks in Tokyo edged lower and then yen was in focus after Japan reported a decline in June trade deficit. The deficit was still larger than expected and soared to a record high in the first-six months.

Australian Dollar Gains, Newcrest Announces Asset Write Down

Marcus Jacob
24 Jul, 2014
New York City

Australian stocks and the Aussie dollar closed higher after a private survey showed a larger than expected expansion in manufacturing sector in China. Newcrest Mining Limited, the largest independent gold miner in Australia announced additional asset impairment.

Hindalco Prepares for $800 Million Offering, Cairn Net Plunges

Mukesh Buch
24 Jul, 2014
New York City

ACC net dropped 7%. Cairn India net tumbled 65% but revenue surged 10%. Dewan Housing profit and revenues surged. Hindalco appointed banks for share sale to rise about Rs 5,000 crore. Ingersoll Rand India net fell 5%. L&T Finance net surged 97%. TVS Motor net soared 39%.

U.S. Indexes Trade Near Record Highs on Apple, Microsoft Earnings

Nichole Harper
23 Jul, 2014
New York City

Stocks on Wall Street traded higher and market indexes flirted with recent record highs. Apple, Microsoft and Pepsi earnings met or exceeded analyst expectations. Market indexes in Europe traded flat and Asian markets closed mixed on domestic corporate earnings.

Microsoft Sales Rise 18%, Apple Net Surges 12%

Mukesh Buch
23 Jul, 2014
New York City

Apple net surged 12%. Boeing net soared 52%. Biogen net jumped 46%. Dow Chemical net tumbled 62%. GlaxoSmithKline profit plummeted 29%. General Dynamics net plunged 16%. Microsoft net declined 7%. PepsiCo net fell 2%.

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