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6-day Decline of 3.6% in Australian Indexes; RBA Cuts Growth Outlook

Marcus Jacob
08 Aug, 2014
New York City

Australian markets extended losses for the sixth session. Indexes on Friday declined 1.3% and in the six-day period lost 3.6% on rising geopolitical worries. Reserve Bank of Australia lowered its GDP growth and inflation estimate.

Costco, Walgreen July Comparable Sales Soar

Mukesh Buch
07 Aug, 2014
New York City

AES net plunged 20%. Costco July sales soared 9% and comparable sales jumped 5%. Duke Energy net surged 80%. IntercontinentalExchange net climbed 47%. Sempra Energy net climbed 10%. Walgreen July comparable sales jumped 5.2%.

U.S. Markets Focus on Earnings Improvements, Draghi Highlights Recovery Risks

Nichole Harper
07 Aug, 2014
New York City

Optimism returned to stock trading after two weeks of losses in New York. Initial claims of weekly jobless claims declined to an eight year low and better than expected earnings from 21st Century Fox and CenturyLink contributed to investor enthusiasm.

Adidas Lowers Outlook; Nestle Earnings Hit by Strong Franc

Nigel Thomas
07 Aug, 2014
New York City

adidas net plunged 27% to

Japan Stocks Advance on Earnings and GPIF Expectations

Hiruki Nakamura
07 Aug, 2014
New York City

Stocks in Tokyo gained as earnings season accelerate and nearly 400 companies are scheduled to release results before the end of the week. Mitsui Fudosan declined after quarterly net declined. Olympus Corp swung to quarterly net profit.

Australian Jobless Rate Jumps to 12-year High, Stocks in Five Day Decline

Marcus Jacob
07 Aug, 2014
New York City

Australian market indexes extended losses for the fifth day in a row after unemployment rate unexpectedly jumped to 6.4%, a 12-year high. Rio Tinto said first-half earnings increased 21% to $5.1 billion. Tabcorp Holdings annual net increased 2.6%.

Glaxo India Net Rises 8.5%; Trident Net Plunges 27%

Mukesh Buch
07 Aug, 2014
New York City

Balrampur Chini net loss narrowed. Glaxo net and revenue climbed above 8%. Gati net soared 72% but the company plans to cut debt and exit from loss making freight shipping business. MM Forgings net climbed. Sundram Fasteners net soared. Trident profit declined 27%.

Fox Withdraws Time Bid; Walgreen in Inversion-Free Deal

Mukesh Buch
06 Aug, 2014
New York City

OL net fell 1% but revenue climbed. Cerner acquired health information technology business from Siemens for $1.3 billion. Cognizant net surged 24% on sales growth in the U.S. Chesapeake net tumbled 68%. Time Warner net soared 10%. Walgreen reversed its plan for inversion and stay in the U.S.

5-day Decline in Japan Indexes, Asahi Group Net Surges 25%

Hiruki Nakamura
06 Aug, 2014
New York City

Stocks in Tokyo closed lower for the fifth day in a row and the yen traded above 102 level against the U.S. dollar. Asahi Group said quarterly net surged 25%. The largest trading company Mitsui & Co Ltd reported a slight decline in earnings on weak petroleum and commodities sales.

Australian Indexes Extend Losses

Marcus Jacob
06 Aug, 2014
New York City

Australian stocks closed lower and investors focused on the international commodities prices. The Aussie dollar traded above 93 U.S. cents and gold and oil traded lower in Sydney.

Siemens to Sell Unit to Cerner; Mixed Results from Hannover RE, ING

Nigel Thomas
06 Aug, 2014
New York City

Ageas net plunged 93% to

Hero Motocorp Net Climbs; Adani Power Net Loss Narrows

Mukesh Buch
06 Aug, 2014
New York City

Adani Power net loss narrowed but revenues fell 9%. Adani Ports profit climbed 36%. Apollo Tyres net soared 37%. Bata net dropped but sales soared 9%. Hero Motocorp net increased 3% and revenues soared 14%. IDBI Bank struggled with loan losses.

Stocks Slide on Wall Street, Gannett to Spin Off Publishing

Nichole Harper
05 Aug, 2014
New York City

Stocks on Wall Street drifted lower after mixed earnings report. A private measure of service sector in the U.S. showed larger than expected expansions and a government measure on factory orders increased 1.1% in June. Gannett is planning to spin off USA Today and print business.

Archer Daniels Net Beats Expectations, Coach Offers Upbeat Outlook

Mukesh Buch
05 Aug, 2014
New York City

Archer Daniels second-quarter net surged more than doubled. CVS Caremark second-quarter net jumped 12% to $1.3 billion. Coach fourth-quarter net plunged 66% to $75 million. HCP second-quarter net rose 3%. Marathon Oil second-quarter net surged 27% to $540 million.

3-day Decline in Japan Stocks, Toyota Struggle with Sales Growth

Hiruki Nakamura
05 Aug, 2014
New York City

Market indexes in Japan declined for the fourth day in a row as investors reacted to domestic earnings and higher yen. Toyota Motor reported 2.2% increase in first-quarter revenues. Isuzu Motors said profits were ahead of expectations. Marubeni Corp sales in first-half increased 18%.

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