ticker

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%.

AstraZeneca Acquires Almirall for $2.1 B, Barclays, Bayer, ITV, Net Soar

Nigel Thomas
30 Jul, 2014
New York City

AstraZeneca agreed to acquire Spain-based Almirall for $2.1 billion. Barclays profit soared 68% to

Deeper Decline in Industrial Output in Japan

Hiruki Nakamura
30 Jul, 2014
New York City

Japan indexes advanced and investors focused on corporate earnings. Industrial production decreased for the second month in a row and the monthly decline was the largest since the earthquake and tsunami in 2011. Japan Tobacco first quarter sales increased 1.6%. Konica Minolta quarterly net plunged.

Australian Stocks Power Ahead

Marcus Jacob
30 Jul, 2014
New York City

Australian stocks advanced on strong trading volume on rising confidence in global economy. Tabcorp Holdings agreed to acquire regional government controlled gaming business as a part of a deal to win long term gaming license.

Bharti Airtel, L&T Net Surge; Bank of India Net Decline

Mukesh Buch
30 Jul, 2014
New York City

Bharti Airtel surged 70%. Bank of India net declined 16% but revenues surged 21%. Cadila Healthcare profit and revenues climbed. Reddy''s Lab net surged 53%. Escorts net tumbled 42%. ITC profit climbed 16%. IDFC net dropped 14%. L&T net soared more than doubled.

Merck and Pfizer Struggle with Sales; BP Net Climbs

Mukesh Buch
29 Jul, 2014
New York City

Aetna revenue surged 26% but net rose 2%. BP profit climbed 61%. Ecolab net surged 46% on 7% increase of revenue. Merck net soared 121% but sales fell. Pfizer net plunged 79% and revenue dropped 2%. United Parcel net tumbled 57.6% while revenue jumped 6%.

Cautious Markets in New York and Europe After Tougher Russia Sanctions

Nichole Harper
29 Jul, 2014
New York City

Stocks on Wall Street turned after the U.S. and Europe imposed tougher and wider sanctions on Russia controlled banks and banned the sale of military and oil production equipment. U.S. consumer confidence index reached a seven-year high and home prices rose at a slower pace in May.

Deutsche Bank Net Plunges, UBS Profit Climbs

Nigel Thomas
29 Jul, 2014
New York City

Deutsche Bank net plunged 29% to

Japan Retail Sales Decline in June, Honda Quarterly Net Rises

Hiruki Nakamura
29 Jul, 2014
New York City

Stocks in Tokyo gained despite weaker than expected retail sales, household spending and jobless rate. The yen held firm below 102 against one dollar. Honda June quarter sales increased 5.4% and Nomura revenues declined 8.5%.

Australian Home Sales Rise 1.2%, QBE Insurance Lowers Earnings Outlook

Marcus Jacob
29 Jul, 2014
New York City

Australian market indexes closed higher after declining for two days in a row. Home sales in June increased 1.2% and added 2% in the quarter to the month. QBE Insurance said first-half results will be impacted by weakness in Latin America.

World Markets Ease, BSkyB to Buy German, Italian Units from Fox

Nichole Harper
25 Jul, 2014
New York City

Stocks on Wall Street turn lower after Amazon reported larger than expected quarterly loss for the second quarter in a row and Visa lowered its annual revenue outlook. BSkyB agreed to acquire Sky ventures in Italy and Germany.

Amazon Net Loss Widens; Moody's, Starbucks Fall

Mukesh Buch
25 Jul, 2014
New York City

AbbVie net jumped 3%. American Electric Power net soared 15%. Amazon.com net loss widened but revenue surged 23%. Chubb net declined 14%. DTE Energy net climbed 18%. Moody''s net soared 41.5%. Starbucks revenue and profit jumped. Tyco Intl net surged.

LVMH Fashion and Wine Revenues Fall 7%, RBS Net Drops

Nigel Thomas
25 Jul, 2014
New York City

Air France net loss narrowed to

Market Update