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

Market Update

Europe Movers: Akzo, Alstom, Electrolux, Remy Cointreau

Arthi Gupta
19 Jul, 2012
New York City

Akzo Nobel climbed after second quarter revenues increased 8% and net income fell less than expected 22%. Alstom SA said first quarter new orders increased 20% and sales surged 6%. Electrolux AB gained after quarterly net rose 36%.

Spanish Yields Above 7%, Germany Set to Approve Aid

Arthi Gupta
19 Jul, 2012
New York City

Spain raised

Euro Area Current Account Surplus Rises, Swiss Watch Exports Surge 22%

Arthi Gupta
19 Jul, 2012
New York City

Euro area current account surplus climbed in May. Swiss trade surplus rose in the second quarter. Dutch consumer sentiment improved in July but jobless rate increased in June.

Markets in New York, Europe Higher on Housing Reports

Bikram Pandey
18 Jul, 2012
New York City

U.S. indexes gained after two housing reports showed improvements. Bank of America said it plans to cut a total of $8 billion by 2015 and improved its Tier 1 ratio. Capital One agreed to pay $210 million from charges related to misleading customers.

Yen Retreats from 1-Month Low, Utilities Fall on Fault Line Worries

Nigel Thomas
18 Jul, 2012
New York City

Stocks in Japan declined as the yen edged lower from its one-month peak. The Nikkei index traded below its 25-day moving average and few export sensitive stocks closed higher. Electric utilities declined after two nuclear power plants were found to be on top of n active fault line.

UK Jobless Rate Drops, LSE Revenues Rise 10%

Arthi Gupta
18 Jul, 2012
New York City

The UK indexes gained after jobless rate fell in the quarter to May. Consumer demand growth in the UK slowed in July. The Bank of England policymakers split on quantitative easing decision.

U.S. Movers: Abbott, Bank of America, BlackRock, CSX, Honeywell, Intel

Mukesh Buch
18 Jul, 2012
New York City

Abbott second quarter net declined 11.2% to $1.73 billion and Bank of America net swung to $2.46 billion profit. BlackRock second quarter net slumped 11% and Honeywell net soared 11.4%. Intel second quarter net slid 4% to $2.83 billion.

Australian Markets Halt 3-Day Rally, BHP Falls After Production Report

Marcus Jacob
18 Jul, 2012
New York City

Stocks in Sydney declined for the first time in four days as investors focused on the weakening global economic outlook. The latest comments from the Fed Chairman Bernanke and the I.M.F. contributed to the weak market sentiment.

U.S. Housing Starts Surged 6.9%, BofA Swings to Profit

Arthi Gupta
18 Jul, 2012
New York City

U.S. indexes traded higher after two separate reports on the housing industry indicated a rebound. Olin agreed to acquire K. A. Steel Chemicals for $328 million. Bank of America swings to profit on higher mortgage loans. BlackRock quarterly net declined 11%.

Earnings Lift European Indexes, Credit Suisse Soars 6%

Arthi Gupta
18 Jul, 2012
New York City

The European indexes gained on better-than-anticipated earnings. Germany raised

HSBC Compliance Chief Resigns at Senate Money Laundering Hearing

Devan Biswas
17 Jul, 2012
New York City

HSBC is facing as much as $1 billion in fines for violating anti-terrorism laws and facilitating money laundering at its Mexican unit and providing access to the U.S. financial system to drug cartels.

Wall Street Rebounds on Earnings, Bernanke Cautious on Outlook

Bikram Pandey
17 Jul, 2012
New York City

U.S. indexes rebounded from the morning losses and commodities closed higher. HSBC faces $1 billion fine for a decade long compliance failure at its U.S. unit. Goldman Sachs looks for other ways to bolster earnings after trading and risk-taking generate weak profits.

UK Inflation at 2.4%, HSBC Faces $1 Billion Fine

Arthi Gupta
17 Jul, 2012
New York City

The UK indexes dropped after inflation eased and home prices rose. HSBC is facing as much as $1 billion in fines for violating anti-terrorism laws. Bank of England Governor denied that the New York Fed gave warnings on rate fixing.

U.S. Movers: Goldman Sachs, Johnson & Johnson, Mattel, Omnicom, Coca-Cola

Mukesh Buch
17 Jul, 2012
New York City

Goldman Sachs net fell 12% to $927 million. Johnson & Johnson second quarter net declined 49.3% to $1.41 billion and Mattel reported second quarter results ahead of expectations. State Street net falls.

U.S. Consumer Prices Flat, Coca Cola Net Falls on Higher Costs

Arthi Gupta
17 Jul, 2012
New York City

U.S. indexes advanced after consumer prices remained unchanged but industrial output rose in June. State Street agreed to acquire Goldman Sachs Administration Services for $550 million. Coca-Cola quarterly earnings declined on higher costs.