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Stocks Weaken on Wall Street, U.S. Trade Deficit Eases 3.6%

Nichole Harper
06 May, 2014
New York City

Stocks on Wall Street declined and trade deficit and latest earnings also affected market sentiment. U.S. trade deficit in March dropped 3.6% and exports rose 2.1%. AIG reported first-quarter net declined.

Europe Earnings: Bayer, BMW, Barclays, Balfour Beatty, UBS

Nigel Thomas
06 May, 2014
New York City

Bayer agreed to acquire consumer care business from Merck for $14.2 billion. BMW profit surged 11% to

Record Low Rates Held in Australia, Trade Surplus Narrows

Marcus Jacob
06 May, 2014
New York City

Australian index closed higher after a rollercoaster ride and Reserve Bank of Australian left its key lending rate at record low 2.5%. The rates have been held for nine months in a row. March trade surplus narrowed but iron ore exports rose.

India Movers: Eveready, HDFC, Nelco, Pantaloons, Punj Lloyd, Titan, UBI

Mukesh Buch
06 May, 2014
New York City

HDFC net climbed 16%. Nelco net loss narrowed. Pantaloons net loss widened after sales barely rose 2%. Punj Lloyd won Rs 1,270 crore expressway project in Yemen. Titan profit soared 12%. United Bank of India profit surged.

EC Lowers Growth Estimates; Wacker Chemie, Wincor Nixdorf Fall

Nigel Thomas
05 May, 2014
New York City

Wacker Chemie profit surged

SYSCO Jump; Koppers, Pfizer, Tyson Foods Decline

Mukesh Buch
05 May, 2014
New York City

AAON net surged 38% on 14% increase in revenues. BroadSoft plunged after net loss widened. Koppers profit plummeted 80%. Pfizer net plunged 15% and sales fell 9%. SYSCO net declined 10% but sales jumped 3%. Tyson Foods quarterly net soared.

U.S. and World Markets Ease as Violence Spreads in Ukraine

Nichole Harper
05 May, 2014
New York City

U.S. stocks opened lower after tensions between Russia and Germany and U.S. escalated and China manufacturing index showed larger than expected contraction. Gold gained 1.2%. Target CEO Steinhafel resigned following data breach in December. Pfizer net dropped 15%.

Australian Awaits RBA Decision, Westpac Net Rises 10%

Marcus Jacob
05 May, 2014
New York City

Australian stocks closed slightly higher in a quiet trading ahead of RBA meeting tomorrow. The central bank is expected keep record low interest rates as building approvals contracted 3.5% in March. Westpac Banking Corp reported quarterly net income increased 10%.

India Movers: ABB, Ashok Leyland, Grasim, RCapital, Tata Motor

Mukesh Buch
05 May, 2014
New York City

ABB net jumped 20% but sales fell. Ajanta Pharma profit surged 159%. Ashok Leyland sales in April declined 21%. Grasim sales and profit jumped. RCom net tumbled 49% but R Capital profit rose. Tata Motors April sales dropped 34%.

Chevron, Fluor Net Plunge; CVS, Sempra Net Rise

Mukesh Buch
02 May, 2014
New York City

Chevron net plunged 27% and revenue dropped 6%. CVS Caremark net surged 18%. Cooper Tire net and sales jumped. Fluor profit plummeted 10%. LinkedIn net swung to a loss. Marsh & McLennan net climbed 7%. Sempra Energy profit surged 39%.

Europe Earnings: AstraZeneca, InterContinental Hotels, RBS

Nigel Thomas
02 May, 2014
New York City

AstraZeneca board rejected revised

U.S. Employers Add Jobs but Participation Rate Drops, Stocks Waver

Nichole Harper
02 May, 2014
New York City

U.S. stocks failed to build on the better-than-expected monthly payrolls increase in April. Employers at all levels added 288,000 jobs and March increase was revised higher to 203,000. However, labor participation rate declined to 35-year low of 62.8%.

Nikkei Extends Losses; Asahi Sales Rise 10%, Idemitsu Kosan Net Plunges

Hiruki Nakamura
02 May, 2014
New York City

For the week, the Nikkei index slipped 0.4% and investors reacted to domestic earnings. Asahi fiscal year sales increased 10%. Axial Retailing annual net surged 39%. Idemitsu Kosan annual revenues rose 15% but net plunged 28%.

Australian New Home Sales Rise 5.8%, Macquarie Annual Net Soars 49%

Marcus Jacob
02 May, 2014
New York City

Australian stocks closed higher and for the week the benchmark index declined 1.3%. Stock trading turnover was dipped below 60-day average and investors focused on domestic earnings. Myer quarterly sales declined 1%. Macquarie Group annual net income soared 49%.

India Movers: Bata, HCC, HeidelbergCement India, Merck, NOCIL

Mukesh Buch
02 May, 2014
New York City

Bata India net rose 2% and revenue climbed 9%. HeidelbergCement India net swung to profit after sales soared. KEC Intl net swung to a profit. Merck profit climbed 75%. NOCIL net tumbled 55% but sales surged 46%. Shriram City Union Finance net soared 20%.

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