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U.S. Senate Leaders Hope Agreement Will Turn to Law Before Ceiling Expires

Nichole Harper
16 Oct, 2013
New York City

U.S. stocks advanced on the hopes that the latest Senate agreement will become a law before the debt ceiling expires tomorrow. However, the short term agreement set up another round of confrontation in early January. China is looking to alternatives to U.S. government bonds.

U.S. Movers: Abbott, Bank of America, BlackRock, Intel, Grainger, Yahoo

Mukesh Buch
16 Oct, 2013
New York City

Abbott net plunged 50% but sales rose 2%. Bank of America surged to $2.5 billion. BlackRock net jumped 14%. Bank of New York net surged 34%. Intel net soared 48% and Grainger net surged 36%. Yahoo net plunged 91%.

Tokyo Stocks Rise, Global Investors Begin to Look for Alternative to Dollar

Hiruki Nakamura
16 Oct, 2013
New York City

Stocks in Tokyo gained the in the final hour of trading and the yen fell. Murata Manufacturing is expected to revise its takeover offer for Tokyo Inc. The yen remained in focus as world investors begin a search for alternative to dollar as political dysfunction in the U.S. drags on.

Europe Earnings: ASML, Anite, Danone, IMI, Publicis, LVMH, Smiths News

Nigel Thomas
16 Oct, 2013
New York City

ASML Holding plunged 13%. Danone reported flat third quarter revenues. IMI agreed to sell beverage division for

Australian Indexes Defy World Markets Caution

Marcus Jacob
16 Oct, 2013
New York City

Australian markets traded higher and markets in Asia gained in thin volume. Australian dollar closed at 95.22 U.S. cents as investors look for alternative to the U.S. dollar.

U.S. Movers: Charles Schwab, Citigroup, Coca-Cola, Domino

Mukesh Buch
15 Oct, 2013
New York City

Charles Schwab net climbed 17% but revenue jumped 15%. Citigroup net plunged 23% but revenue soared 13%. Coca-Cola net jumped but sales decreased 3%. Domino

Europe Earnings: AstraZeneca, Burberry, Bellway, Rio Tinto, SoftBank

Nigel Thomas
15 Oct, 2013
New York City

AstraZeneca agreed to acquire Spirogen for $440 million. Burberry first-half revenue climbed and chief executive officer resigned to join Apple. Rio Tinto lifted production outlook. SoftBank agreed to buy Supercell for $1.5 billion.

U.S. Senators Focus on Short Term, Rating Agencies Silence Raise Questions

Nichole Harper
15 Oct, 2013
New York City

World markets remained optimistic as the U.S. neared debt default date on Thursday. Senate plan only funds the government for three more months and crisis is expected to reappear in late January. Rating agencies are still quiet on the U.S. sovereign outlook.

Japanese Investor Shit Attention to Domestic Earnings

Hiruki Nakamura
15 Oct, 2013
New York City

Stocks in Tokyo rebounded after a 3-day holiday weekend and the yen weakened. Japanese companies are expected to report better than earnings on weaker yen. More than 24 companies are scheduled to release earnings this week.

Australian Dollar Advances, Rio Tinto Lifts Production Outlook

Marcus Jacob
15 Oct, 2013
New York City

Australian and Asian markets traded higher and commodities prices gained. Business finance commitment rose 7% in August but personal lending dropped 2.6% in Australia. Australian dollar inched higher.

India Movers: TCS Net Soars, RIL Refining Margin Shrinks

Mukesh Buch
15 Oct, 2013
New York City

Bajaj Corp profit dropped and sales climbed. Fortis Health sold its 6% stake Hong Kong subsidiary to Bupa for $355 million. HDFC Bank and IndusInd Bank profit soared. RIL profit rose 1.5% on weak refining margin and 15% increase in sales. TCS profit jumped.

U.S. Movers: ADT, Expedia, Fair Isaac, Netflix, St. Jude Medical, Whirlpool

Mukesh Buch
14 Oct, 2013
New York City

ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.

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