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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

Australian Building Approvals Surge for the Second Month

Marcus Jacob
31 Jul, 2014
New York City

Australian stocks powered ahead on the stronger than expected building approvals. Iron ore prices remained weak but the U.S. Fed trimmed its monthly bond purchase program by $10 billion.

ICICI Bank, Maruti Suzuki, Torrent Net Soar; NTPC Net Plunges

Mukesh Buch
31 Jul, 2014
New York City

Aban Offshore net doubled. ICICI Bank profit soared 17%. Maruti Suzuki net jumped 21% on 12% increase of sales. NTPC net plunged 13% but sales soared 15%. Mahindra Lifespace net and revenue surged. Torrent Pharma net climbed 72%.

U.S. GDP Rebounds 4% After Harsh Winter Quarter

Bikram Pandey
30 Jul, 2014
New York City

The first estimate of the U.S. economic growth in the second quarter came in at 4%, reversing the revised contraction of 2.1% in the winter quarter. The increase in inventories, rising cosumer spending and expansion in government spending at all levels contributed to the surge in annual rate.

Stocks on Wall Street Trade Lower Despite Second Quarter Economic Rebound

Nichole Harper
30 Jul, 2014
New York City

Stocks on Wall Street edged lower after the initial estimate of the second quarter economic growth came in at 4%. Markets turned lower ahead of Fed statement in the next hour and corporate earnings were mixed. Twitter soared 21% on larger than expected advertising revenues.

Amgen, Twitter Soar; CBRE, Humana, Rockwell Drop

Mukesh Buch
30 Jul, 2014
New York City

Amgen net and revenue climbed. CBRE Group net soared 51%. Humana net tumbled 18% but revenue surged 18%. Rockwell Automation net slid 2% and revenue rose 2%. Twitter advertising revenue more than doubled. WellPoint net declined 9%.

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