Login
Breaking News
PCE price index   Autodesk   Duolingo   Monster Beverage   Nvidia   Morningstar   eBay   Bath & Body Works   Salesforce Inc.  

Market Update

Yen Falls After Current Account Surplus Grows; Nikon, Dainippon, Pioneer Down

Nigel Thomas
08 Aug, 2012
New York City

Stocks in Tokyo advanced higher for the third day and earnings announcement peak in the week. Nearly half of earnings missed expectations and investors dial back annual profit growth expectations. Nikon net plunges 49%.

Australian Stocks in 3-Day Rally, Rio Tinto Earnings Drop

Marcus Jacob
08 Aug, 2012
New York City

Australian stock trading was driven by the local earnings news and investors also pinned hopes on economic stimulus in the U.S. and Europe. Rio Tinto reported a decline in earnings as iron ore price began to slide. Telstra and Tabcorp scheduled to release earnings tomorrow.

U.S. Movers: Dean Foods Soars 34%, Rackspace Surges 11%, Orbitz Tumbles 26%

Sarla Buch
08 Aug, 2012
New York City

A123 Systems singed MOU with China based Wanxiang to invest $450 million. Alere second quarter net loss widens and Avnet net tumbled 44.1%. Dish Network second quarter net dropped 32.5% and HollyFrontier net quarter jumped 156.7% and Macy

Express Scripts, Walt Disney Rise; Icahn Enterprises, priceline Fall

Mukesh Buch
08 Aug, 2012
New York City

Express Scripts second quarter revenues net plummeted 48.8%. priceline net surged 37.4%. Icahn Enterprises quarterly net declined 17%. Sotheby

U.S. Labor Productivity Climbs, Indexes Struggle

Arthi Gupta
08 Aug, 2012
New York City

U.S. indexes struggled to trade higher and labor productivity rose more than estimated in the second quarter. PTC agreed to acquire Servigistics for $220 million. Dish Network quarterly net slumped 33%.

Europe Movers: BMW, Brenntag, Corio, Fraport, ING

Arthi Gupta
08 Aug, 2012
New York City

ING net fell 22% as provisions for loan losses increased but Brenntag sales rose 14.6% in the second quarter. Rio Tinto first-half profit declined 22%. BMW worldwide vehicle sales increased 5% in July.

BoE Lowers Growth Outlook, German Output Falls

Arthi Gupta
08 Aug, 2012
New York City

The European indexes fell on mixed earnings. The Bank of England cut growth outlook for the UK and French business sentiment dipped in July. DSM agreed to acquire Brazil-based Tortuga for about

Wall Street in 3-Day Rally, Earnings Dominate Sentiment

Bikram Pandey
07 Aug, 2012
New York City

U.S. stocks traded higher for the third day in a row and earnings dominated trading. Knight Capital rebounded from 7% decline after it arranged emergency financing at a steep discount. MGM Resorts, Sirius XM Radio and Tower International gained on earnings.

Tokyo Extends Gains, Tokai Carbon Plunges 18%

Nigel Thomas
07 Aug, 2012
New York City

Stocks in Tokyo advanced for the second day in a row in lock steps with the world markets ahead of the announcements from the Bank of Japan and economic releases from China. A glitch in futures market affected trading.

Australia Update: Earnings Drive Bradken Higher; Transurban, Cochlear Fall

Marcus Jacob
07 Aug, 2012
New York City

Australian stocks extended gains for the second despite weak earnings from Transurban, Cochlear and Leighton. Mining equipment maker Bradken reported higher than expected earnings on strong demand.

Chesapeake, Endo Health, Fossil Rise; Church & Dwight, Office Depot Fall

Mukesh Buch
07 Aug, 2012
New York City

AmeriGas third quarter net loss widens and CVS second quarter net climbed 18.4%. Chesapeake second quarter net surged 90.5%. Accessories retailer Fossil soared 32%. Nuance Communications third quarter net jumped 90.6%. Office Depot second quarter net loss widens.

Knight Investors Extract Huge Discount, Kinder in Pipeline Deal

Arthi Gupta
07 Aug, 2012
New York City

U.S. indexes extended gains of last two trading days. Kinder Morgan Energy acquired interest in U.S. pipeline assets for $6.2 billion. Campbell Soup completed the acquisition of Bolthouse for $1.55 billion.

Europe Movers: E.On, InterContinental Hotels, Lanxess, Xstrata

Arthi Gupta
07 Aug, 2012
New York City

Lanxess second quarter net declined due to exceptional charges but InterContinental revenue increased 3.3%. Xstrata first-half profit plunged 33% to $1.94 billion.

Fourth Quarterly Slowdown in Italy, Standard Chartered Plunges 22%

Arthi Gupta
07 Aug, 2012
New York City

Italian economy extended the decline for the fourth quarter in a row and German factory orders fell 1.7%, more than estimated in June. The UK retail sales rose unexpectedly in July. Standard Chartered plunged 22% on money laundering charges.

Stocks on Wall Street Advance, Standard Chartered Faces Laundering Charges

Bikram Pandey
06 Aug, 2012
New York City

Market indexes in New York closed higher after earnings exceeded expectations and energy and metals prices rose. Standard Chartered Bank is the second UK based bank to face money laundering charges in New York.