ticker

U.S. Movers: Big Lots, Guess, Hewlett-Packard, Synopsys

Mukesh Buch
23 Aug, 2012
New York City

Big Lots plunged 21% on a profit decline and the deep discount retailer lowered the outlook. Guess tumbled 19% as quarterly net dropped 45%. Hewlett-Packard declined on 7% after it reported the largest quarterly loss. Synopsys third quarter net jumped 45%.

U.S. Jobless Claims Rise, Global Slowdown Worries Persist

Arthi Gupta
23 Aug, 2012
New York City

U.S. indexes edged lower after jobless claims rose 4,000 to 372,000. Sony Mobile plans to slash 1,000 jobs and move headquarters from Sweden to Tokyo. Rockwood Holdings agreed to acquire Talison for C$724 million. Hewlett-Packard swung to quarterly loss.

Europe Movers: Ahold, Diaego, Fielmann, Kazakhmys

Arthi Gupta
23 Aug, 2012
New York City

Ahold second quarter net sales climbed 12%. Kazakhmys net plunged but Premier Oil earnings soared in the first-half. Diageo full-year net sales grew 8%.

Euro Zone Private Activity Drops, UK Mortgage Approvals Rise

Arthi Gupta
23 Aug, 2012
New York City

The European indexes turned lower after a downturn in euro zone economy extended into the seventh month in August. The German economy expanded in the second quarter. The UK mortgage approvals rose more than estimated in July.

Fed Members Show Urgency in Stimulus Measures, Home Sales Revive

Bikram Pandey
22 Aug, 2012
New York City

U.S. indexes hovered near the recent multi-year highs and investors digested the prospects of another round of Fed stimulus and improving existing home sales report. Many members of the rate setting committee prefer to act soon with additional stimulus unless the economy improves considerably.

Fuel Imports Drive Japan Trade Deficit Higher, Exports to EU Plunges

Marcus Jacob
22 Aug, 2012
New York City

Stocks in Tokyo traded lower for the second day and trade gap in July was the twelfth in the last nineteen months as Japan imports natural gas to power electricity generating plants. Exports to Western Europe plunged 28% and slowed to the U.S.

U.S. Movers: American Eagle, Chico

Mukesh Buch
22 Aug, 2012
New York City

American Eagle gained after the teen retailer offer higher third quarter guidance and Analog Devices profit declined 23%. Chico

BHP Net Drops 35% on Global Slowdown

Marcus Jacob
22 Aug, 2012
New York City

Australian stocks closed lower after the mining giant reported earnings that met expectations. BHP earnings in the fiscal year ending in June declined 35% on nearly flat revenues as the fall in base metal prices and iron ore trimmed record profits from a year ago. Woodside Petroleum net declined.

Wall Street Focuses on Japanese Deficit, Euro Weakens

Arthi Gupta
22 Aug, 2012
New York City

U.S. indexes edged lower after Japan reported larger-than-expected trade deficit. Health Care REIT agreed to acquire Sunrise Senior Living for $1.9 billion. Dell earnings fell 18% in the quarter.

Europe Movers: Addex, Delhaize, Heineken, Vestas

Arthi Gupta
22 Aug, 2012
New York City

BHP Billiton full year profit slumped 35% on weakness in commodity markets and industry wide cost pressure. Hochschild first-half net revenue fell 29%. Vestas swung to loss in the second quarter.

Greece Seeks More Time to Repay Debts, Markets Fall

Arthi Gupta
22 Aug, 2012
New York City

The European indexes declined and Greek prime minister said he is looking for more time to repay debts but the nation is not seeking more money. Heineken first-half revenue rose 5% and Vestas plans to lay off 1,100 employees by September.

Wall Street Indexes Near Multi-Year Highs, Euro Advances

Bikram Pandey
21 Aug, 2012
New York City

The U.S. indexes hovered near multi-year highs. IBM, Wal-Mart, Verizon, Disney and Oracle are few large companies trading near their 5-year highs. Gold, copper and oil gained. European markets trade higher on the ECB optimism.

Nikkei Turns Down from 3-Month High, Defensive Stocks Rally

Nigel Thomas
21 Aug, 2012
New York City

Stocks in Tokyo edged lower in weak trading as investors remained focused on defensive stocks linked to domestic economy. In thin trading, the Nikkei declined and investors awaited concrete announcements from the central banks in Europe.

Earnings Drive Australian Markets Higher, Monadelphous Net Surges

Marcus Jacob
21 Aug, 2012
New York City

Australian stocks traded higher after the latest batch of earnings confirmed the current boom in mining industry capital spending. Monadelphous reported annual net increased 44% and steelmaker Arrium said net dropped 75%. Amcor, the packaging company said full-year net rose 18%.

U.S. Movers: Best Buy, DSW, Medtronic, Nordson, Tech Data

Mukesh Buch
21 Aug, 2012
New York City

Best Buy appointed the new chief and reduced fiscal earnings outlook. The shoe retailer DSW soared after it reiterated guidance. Medtronic first quarter worldwide revenue increased. Tech Data declined as second quarter sales drop in the US and Europe.

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