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Nikkei in Tokyo Struggles, Honda Lowers Outlook by 20%

Nigel Thomas
29 Oct, 2012
New York City

Stocks in Tokyo were under pressure after Honda lowered its annual income outlook by 20%. Several Japanese companies have cut profit outlook after extended boycott of Japanese products in China dragged sales. NTT DoCoMo lowered its annual net outlook by 9%.

U.S. Movers: Boardwalk Pipeline, Compass Minerals, Harris, Loews, UDR

Mukesh Buch
29 Oct, 2012
New York City

Boardwalk Pipeline third quarter net surged 25% on storage revenue. Compass Minerals quarterly net plunged 73% on lower sales and Harris first quarter net swung to $85.8 million loss. Loews third quarter net climbed 9% to $177 million.

Australian Markets Consolidate, Vodafone to Slash 500 Jobs

Marcus Jacob
29 Oct, 2012
New York City

Australian market indexes opened higher but trimmed gains at close. Vodafone Hutchison Australia, the struggling telecom operator plans to eliminate 500 positions or nearly 10% of its total staff.

ECB Seeks Sovereign Budget Oversight, Spanish Retail Sales Plunge

Arthi Gupta
29 Oct, 2012
New York City

The European indexes edged lower. Spanish retail sales plunged in September and the UK home prices eased in October. Penguin and Random House agreed to combine their businesses.

Pearson and Bertelsmann in a Book Joint Venture

Arthi Gupta
29 Oct, 2012
New York City

Pearson and Bertelsmann agreed to combine Penguin and Random House in a newly-created joint venture named Penguin Random House to create the world

Europe Movers: Assa Abloy, Linde, Pearson, Serco, TNT Express, UBS

Arthi Gupta
29 Oct, 2012
New York City

Pearson sales increased 5% and Sartorius operating earnings surged 22.7% to

U.S. and Global Markets in Weekly Losses, Earnings in Focus

Bikram Pandey
26 Oct, 2012
New York City

Indexes in Wall Street struggled to stay in the positive zone. For the week, the Nasdaq Composite index declined 0.4% and the S&P 500 index fell 1.6%. Investors focused on earnings and Amazon, Expedia, Goodyear Deckers Outdoor and CA were in focus.

Nikkei Falls from 4-Week High; Fanuc, NTT DoCoMo, Canon Cut Outlook

Nigel Thomas
26 Oct, 2012
New York City

Nikkei index in Tokyo turns lower from the four-week high after Asian markets drop and more companies report weak earnings outlook. Fanuc lowered its earnings outlook for the current year by 2% and NTT DoCoMo cut its estimate by 9%. Panasonic is expected shrink its mobile business.

Weekly Loss of 2% in Australian Indexes

Marcus Jacob
26 Oct, 2012
New York City

Australian market index declined 0.8% and extended losses for the week to 2%. The dollar held firm. Macquarie Group said first half net income increased on lower operating costs. AMP said third quarter cash flow increased on the growth in self-managed super annuation funds.

U.S. Movers: Amazon, Apple, Comcast, Merck, Rockwell, VeriSign

Mukesh Buch
26 Oct, 2012
New York City

Amazon third quarter net swung to loss and Aon gained 3% on lower tax rate. Comcast profit surged 132% on higher ad rates for Olympics. Merck quarterly net increased and cuts outlook. Rockwell Collins fourth quarter net dropped 13% and reiterated fiscal guidance.

U.S. Economy Expands 2%, Apple Offers Cautious Outlook

Arthi Gupta
26 Oct, 2012
New York City

U.S. indexes traded higher after gross domestic product expanded at 2% annual rate in the third quarter. TransDigm agreed to acquire the pump and engine control systems business of Goodrich for $236 million.

Spanish Jobless Rate Above 25%, German Confidence Set to Rise

Arthi Gupta
26 Oct, 2012
New York City

The European indexes declined. The euro area leading economic index fell in September and German consumer confidence estimated to rise in November. Spanish jobless rate rose in the third quarter. Italy raised

Europe Movers: Ericsson, Statoil, Publicis, African Barrick Gold, Technicolor

Arthi Gupta
26 Oct, 2012
New York City

Ericsson earnings slumped 42% but Statoil net surged 47% in the third quarter. Technicolor quarterly revenue rose 10.9% to

Pearson, Bertelsmann in Merger Talks, Berkshire Won Subprime Loan Auction

Bikram Pandey
25 Oct, 2012
New York City

Stocks struggled and indexes stayed near the flat line after several corporations report weaker than expected results. Pearson and Bertelsmann are looking to merge their publishing divisions. Berkshire Hathaway won a bankruptcy auction of subprime loans from Residential Capital.

U.S. Movers: Aetna, Altria, Biogen, Colgate, Occidental Petroleum

Mukesh Buch
25 Oct, 2012
New York City

Aetna third quarter net gained 2% on higher premiums. Altria quarterly net tumbled 44%. Biogen third quarter net jumped 13%. Colgate-Palmolive plans to reduce workforce by 6%. Occidental Petroleum third quarter net declined 22% to $1.38 billion.

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