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Amazon Plunges 7% on Earnings Worries, Microsoft Soars 4%

Nigel Thomas
24 Oct, 2014
New York City

Amazon.com Inc plunged as much as 10% after the online retailer reported larger-than-expected loss. The company also guided lower than expected revenue growth in the busy holiday period fourth quarter. Microsoft topped revenues expectations.

Earnings Provide Support to Wall Street Indexes, New Home Sales Rise 0.2%

Nichole Harper
24 Oct, 2014
New York City

Wall Street indexes meandered after new home sales rose 0.2% in September. Earnings dominated market sentiment and Microsoft surged after reporting better than expected revenues. Amazon Inc plunged after reporting wider than expected loss. European Markets stepped back ahead of stress test results.

Qantas Reaffirms Profit Outlook, AMP and ResMed Send Positive Signals

Marcus Jacob
24 Oct, 2014
New York City

Australian market indexes traded higher and closed up for the second week in a row. Annual general meetings season picks up in Sydney and AMP, ResMed and Qantas send positive outlook signals. For the week, ASX 200 index advanced 2.7%.

U.S. Movers: AT&T, Air Methods, Caterpillar, Core Labs, Skechers, Yelp

Nigel Thomas
23 Oct, 2014
New York City

AT&T Inc declined after the wireless carrier reported less than expected adjusted quarterly earnings. Air Methods Corp, medical air transportation services provider lowered earnings outlook. Cabelas Inc plunged 14% after comparable store sales in the quarter dropped 11%. Yelp plunged 9%.

European Markets Advance, Spanish Jobless Rate Falls but at Elevated Level

Nigel Thomas
23 Oct, 2014
New York City

European markets advanced after private surveys showed manufacturing sector expanded in the euro zone and the largest economy in the region, Germany, showed expansion in October.

Earnings and 14-year Low Jobless Claims Lift U.S. Indexes

Nichole Harper
23 Oct, 2014
New York City

U.S. stocks advanced after initial claims of weekly jobless claims declined to near 14-year low. The U.S. dollar advanced and European markets gained after a private survey showed slight improvement in manufacturing outlook in Europe.

Australian Indexes Halt 7-day Rally, Rio Tinto Extends CEO Contract

Marcus Jacob
23 Oct, 2014
New York City

Australian market indexes halted a seven-day rally after the Aussie dollar eased and a private survey showed better than expected manufacturing outlook. In thin trading stocks meandered. Rio Tinto extended contract with Chief Executive Sam Walsh as the miner battles takeover overtures from Glencore.

Boeing Net Surge and Lifts Outlook, ABB Net Declines

Mukesh Buch
22 Oct, 2014
New York City

ABB net plunged 12%. Boeing profit surged 18%. Biogen net climbed 76%. Dow Chemical net surged 43%. EMC net edged up. General Dynamics net jumped 7%. Thermo Fisher net soared 11%. Yahoo! Profit more than doubled.

U.S. Indexes Retain Upward Bias, CPI Rises 0.1%

Nichole Harper
22 Oct, 2014
New York City

Stocks on Wall Street retained upward momentum after consumer price index increased 0.1% in September. The sharp decline in energy price for the third month in a row. European markets gained on the expectations that the ECB is likely to announce more measures to stimulate the economy.

Glaxo, Heineken Profit Decline; Daimler Sells 4% Stake in Tesla

Nigel Thomas
22 Oct, 2014
New York City

British American Tobacco revenue declined 10%. Daimler sold its 4% stake in Tesla Motors for $780 million. Glaxo profit tumbled 62% to

Nikkei Advances 2.6%, Exports Jumps 6.9%

Hiruki Nakamura
22 Oct, 2014
New York City

Nikkei 225 index in Tokyo soared 2.6% following the market advance in New York and Europe. September trade deficit rose 1.6% after energy import surged 21%. Fujifilm Holdings plans to increase Aviga drug that showed promise in treating Ebola-infected patients.

Australian Indexes Soar 1%, BHP Minerals Production Rises

Marcus Jacob
22 Oct, 2014
New York City

Australian market indexes advanced 1.1% after commodities gained. The overnight gains in international markets lifted market sentiment and in trading turnover increased to $4.2 billion. Aussie dollar closed at 87.84 U.S. cents.

Asian Paints, Kotak Mahindra, Wipro Net Jump; Cairn India Net Plunges

Mukesh Buch
22 Oct, 2014
New York City

Asian Paints quarterly profit rose 6%. BASF India and GNFC reported quarterly net swung to loss. Cairn India profit declined 33%. Kotak Mahindra net rose 23%. SKF India net jumped 26%. Wipro quarterly profit and revenue rose 8%.

Apple iPhone Sales Lift Earnings, McDonald's Sales Decline

Mukesh Buch
21 Oct, 2014
New York City

Apple net soared 13%. Harley-Davidson profit declined 8% on 4% decrease in revenues. Illinois Tool net surged 18%. Coca-Cola net tumbled 14% on flat revenues. Kimberly Clark net rose 3%. McDonald''''s profit plummeted 30%. Travelers Co net jumped 6%. Verizon net tumbled 32%.

U.S. Home Sales Data Lift Wall Street Indexes

Nichole Harper
21 Oct, 2014
New York City

Stocks in New York gained for the fourth day in a row after China reported better than expected economic data and the U.S. existing home sales rose at the fastest in the year in September. Apple and Texas Instruments advanced after reporting quarterly results.

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