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Market Update

Australian Indexes Extend Losses

Marcus Jacob
06 Aug, 2014
New York City

Australian stocks closed lower and investors focused on the international commodities prices. The Aussie dollar traded above 93 U.S. cents and gold and oil traded lower in Sydney.

Siemens to Sell Unit to Cerner; Mixed Results from Hannover RE, ING

Nigel Thomas
06 Aug, 2014
New York City

Ageas net plunged 93% to

Hero Motocorp Net Climbs; Adani Power Net Loss Narrows

Mukesh Buch
06 Aug, 2014
New York City

Adani Power net loss narrowed but revenues fell 9%. Adani Ports profit climbed 36%. Apollo Tyres net soared 37%. Bata net dropped but sales soared 9%. Hero Motocorp net increased 3% and revenues soared 14%. IDBI Bank struggled with loan losses.

Stocks Slide on Wall Street, Gannett to Spin Off Publishing

Nichole Harper
05 Aug, 2014
New York City

Stocks on Wall Street drifted lower after mixed earnings report. A private measure of service sector in the U.S. showed larger than expected expansions and a government measure on factory orders increased 1.1% in June. Gannett is planning to spin off USA Today and print business.

Archer Daniels Net Beats Expectations, Coach Offers Upbeat Outlook

Mukesh Buch
05 Aug, 2014
New York City

Archer Daniels second-quarter net surged more than doubled. CVS Caremark second-quarter net jumped 12% to $1.3 billion. Coach fourth-quarter net plunged 66% to $75 million. HCP second-quarter net rose 3%. Marathon Oil second-quarter net surged 27% to $540 million.

3-day Decline in Japan Stocks, Toyota Struggle with Sales Growth

Hiruki Nakamura
05 Aug, 2014
New York City

Market indexes in Japan declined for the fourth day in a row as investors reacted to domestic earnings and higher yen. Toyota Motor reported 2.2% increase in first-quarter revenues. Isuzu Motors said profits were ahead of expectations. Marubeni Corp sales in first-half increased 18%.

Australian Rate on Hold at Historic Low of 2.5%

Marcus Jacob
05 Aug, 2014
New York City

Reserve Bank of Australia left its key lending rate at historic low of 2.5% for the 12th month in a row. Market indexes closed lower for the third consecutive day. Cochlear soared 10% after sales in the first-half rebounded.

Deutsche Post, Meggitt Net Rises; Aggreko, Credit Agricole Net Decline

Nigel Thomas
05 Aug, 2014
New York City

Aggreko profit declined 8% to

Crompton, SRF, Tata Chemicals Net Soar; Petronet LNG Net Plunges

Mukesh Buch
05 Aug, 2014
New York City

Ajanta Pharma net surged 80%. Crompton Greaves net and revenue climbed. Jubilant Life Sciences net swung to profit. Kalpataru Power net jumped 21%. Petronet LNG net tumbled 31% but revenue soared 20%. Punj Lloyd net swung to loss. SRF net surged. Tata Chemicals net climbed.

U.S. July Auto Sales Climb; LinkedIn, Procter & Gamble Soar

Mukesh Buch
01 Aug, 2014
New York City

Chevron second-quarter net climbed 6% to $5.7 billion. Clorox fourth-quarter net declined 7% to $170 million. Graham Holdings second-quarter net surged 50% to $750 million. LinkedIn second-quarter net swung to a loss $1 million. Procter & Gamble fourth-quarter net surged 38% to $2.6 billion.

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%.