ticker

Google Quarterly Net Nearly Matches General Electric Earnings

Mukesh Buch
18 Jul, 2014
New York City

AbbVie agreed to acquire Shire for $54.8 billion. Bank of New York Mellon net plunged 33%. GE profit surged 13%. Google net jumped 6% and revenue soared 22%. Honeywell net rose 8%. IBM profit surged 28%. Johnson Controls plunged 68%. VF Corp net climbed 14%.

Yen Gains and Stocks Fall in Tokyo on Rising Tensions in Europe

Hiruki Nakamura
18 Jul, 2014
New York City

Stocks in Japan fell on the last day of the week and the Nikkei pared weekly advance to 0.3%. Resource and energy explorers advanced after oil rose in international markets on the rising tensions between Russia and Europe. Yaskawa Electric, the robot maker gained 4% on 33% rise in quarterly net.

Shire Accepts $55 B Offer, Asia Drives Hermes Sales

Nigel Thomas
18 Jul, 2014
New York City

Shire accepted

Australian Stock Recover from Early Losses, Santos Sales Rise

Marcus Jacob
18 Jul, 2014
New York City

Stocks in Sydney recovered from early losses as tensions rose between Russia and Europe and Israel offensive also roiled oil market. Santos Limited quarterly sales rose 22%.

India Movers: Wipro Wins a Contract in Canada, Zee Net Falls 6%

Mukesh Buch
18 Jul, 2014
New York City

Bajaj Holdings net soared 18%. Greenply profit surged 34%. MindTree net climbed 31%. Seamec won a five-year contract worth $15 million from ONGC. Wipro secured contracts of ten years from ATCO in Canada and Australia. Zee net declined 6% but revenue jumped 8%.

eBay Rises; AutoNation, Danaher, SanDisk Plunge

Mukesh Buch
17 Jul, 2014
New York City

Baker Hughes net surged 47% on 8% increase of revenue. Danaher net jumped 9%. eBay profit advanced 6% and sales climbed 13%. Morgan Stanley net surged 131%. Philip Morris net declined 13%. SanDisk tumbled on outlook.

Microsoft to Cut 18,000 Jobs and Focus on Mobile and Cloud Computing

Bikram Pandey
17 Jul, 2014
New York City

Microsoft announced its largest job cut in the company''s history and second largest reduction since 2009. The software developer will focus on mobile and cloud computing and retrench from its recently acquired handset maker Nokia Group for $7.2 billion.

Malaysian Air Crash Over Ukraine Drags World Markets

Nichole Harper
17 Jul, 2014
New York City

Stocks on Wall Street dropped after geopolitical tensions rose. Malaysian Airlines passenger jet was shot down by a missile over the Ukrainian airspace. Oil and gold gained and the dollar advanced and market indexes in Europe and New York fell. Microsoft announced its deepest job cut.

Indexes in Japan Rest and Yen Advances as Market Loses Momentum

Hiruki Nakamura
17 Jul, 2014
New York City

The yen gained 0.2% and market indexes in Tokyo closed lower led by a fall in freight shipping and financial brokerage companies. Investors turned cautious ahead of the revision on the economic update schedule to release after market close. Sumitomo Electric Industries Ltd revised its full-year outlook.

Europe Earnings: Liberty Global, Novartis, Nordea Bank, Sandvik, SAP

Nigel Thomas
17 Jul, 2014
New York City

Liberty Global agreed to acquire ITV for

Australian Movers: Woodside, Mount Gibson Production Surges

Marcus Jacob
17 Jul, 2014
New York City

Resource stocks traded higher in Australia after mining companies reported higher quarterly production. Guildford Coal received unsolicited offer for its coal assets. Mount Gibson reported record annual sales and production. Woodside Petroleum second quarter oil production increased 17.5%.

India Movers: Bajaj, Crompton, CMC, Gruh, TCS, Vakrangee

Mukesh Buch
17 Jul, 2014
New York City

Bajaj Auto profit edged up. Crompton Greaves plans to split its consumer products business unit into a separate listed company. CMC net plunged 35%. Gruh Finance profit climbed 24%. Lakshmi Vilas Bank net surged 34%. TCS revenue and profit surged. Vakrangee net soared.

U.S. Indexes Advance on Earnings and Fox Takeover Offer for Time Warner

Nichole Harper
16 Jul, 2014
New York City

Stocks on Wall Street traded higher after Time Warner rejected $80 billion offer from 21st Century Fox. Rupert Murdoch said he is prepared to increase his offer and set in motion a long fight to acquire the media giant.

Two-day Rally Halts in Tokyo, Retailers Advance

Hiruki Nakamura
16 Jul, 2014
New York City

Earnings announcements were in focus in Tokyo and retailers reported better than expected earnings. The yen closed below 102 mark against the dollar after comments from the Fed Chair Janet Yellen.

Fortescue and Rio Tinto in Focus in Australian Trading

Marcus Jacob
16 Jul, 2014
New York City

Resource stocks in Australia traded higher after China reported better than expected economic growth in the second quarter. Fortescue Metals soared after iron ore shipments in the second quarter were ahead of estimates. Rio Tinto also reported better than expected iron ore production.

Market Update