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U.S. Stocks Climb on Earnings and $45 Bilion Time Warner Cable Deal

Nichole Harper
13 Feb, 2014
New York City

Stocks on Wall Street advanced after struggling in the early trading. Better than expected earnings helped to reverse sentiment offsetting the weak retail sales and jobs data. Goodyear Tire, CBS and Applied Materials reported better than expected quarterly results.

Nikkei's 1.8% Plunge Extends Loss to 10% in Year; Asahi, Tatemono Fall

Hiruki Nakamura
13 Feb, 2014
New York City

Nikkei index in Tokyo declined 1.8% and extended the year-to-date loss to 10%. Real estate companies led the decline. Asahi Group Holdings dropped 5% after the second-largest beer maker estimated annual income below the estimates.

Comcast Agrees to Acquire Time Warner Cable; Cisco, Whole Foods Fall

Mukesh Buch
13 Feb, 2014
New York City

Comcast agreed to acquire Time Warner Cable for $45.2 billion. Apache net tumbled 73% as revenue dropped 19%. Cisco net plunged 54% and sales declined 8%. Fossil profit fell 2% but sales climbed. PepsiCo net jumped 5%. Whole Foods net grew 4%.

Europe Earnings: BNP Paribas, Lloyds Banking, Publicis, Renault, Rolls-Royce

Nigel Thomas
13 Feb, 2014
New York City

BNP Paribas net plunged 26% to

Australian Unemployment Rate Jumps to 10-Year High, Telstra Hikes Dividend

Marcus Jacob
13 Feb, 2014
New York City

Australian market indexes reversed earlier gains after the jobless rate in January reached a decade high to 6% and surpassed the previous high of 5.9% in June 2009. Telstra hiked dividend and reported gains in wireless segment. David Jones quarterly sales increased 4.7%.

India Movers: Eros, ONGC Net Rise; Cipla, HCL, NCC, TCL Net Drop

Mukesh Buch
13 Feb, 2014
New York City

Cipla net plunged 17% but revenues jumped 22%. Eros profit climbed 41%. Hindalco net tumbled 23%. HCL net declined 9% and sales surged 37%. ONGC net jumped 3%. NCC net tumbled 62%. Page Industries sales and profit climbed. TCL net plunged 55%.

Stocks on Wall Street Pause, World Markets Advance

Nichole Harper
12 Feb, 2014
New York City

U.S. investors paused after the best 4-day gain in a year. European markets gained and Asian markets surged. China reported a sharp increase in exports and imports in January and the best monthly surplus since 2009. The U.S. House approved debt ceiling without any conditions.

U.S. House Revises Debt Ceiling, Republicans Capitulate

Nigel Thomas
12 Feb, 2014
New York City

The U.S. House approved the federal government

Chinese 10% Export Rise Surprises Analysts

Bikram Pandey
12 Feb, 2014
New York City

China reported a sharp jump in exports in January, surprising many analysts who were looking for a near flat growth in January.

DaVita, Owens Corning, Tripadvisor, Valspar Jump; Lorillard, Reuters Drop

Mukesh Buch
12 Feb, 2014
New York City

Deere & Co net rose 5%. DaVita net and sales climbed. Hospira profit surged. Lorillard declined 5%. Owens Corning net swung to profit on 10% rise in sales. Thomson Reuters net swung to a loss as revenue dropped. Valspar net fell 3% but sales soared 9%.

Nikkei Participates in Asian Rally, Toyota Recalls Prius

Hiruki Nakamura
12 Feb, 2014
New York City

Real estate and financial services stocks lead the broad rally in Tokyo. The yen gained. Toyota recalled 1.9 million Prius. Nissan sales in China fell 0.4% in January. Softbank quarterly net declined and the wireless pushed ahead to explorer merger of Sprint and T-Mobile.

Europe Earnings: Heineken, ING, Reckitt Benckiser, Societe Generale

Nigel Thomas
12 Feb, 2014
New York City

Heineken net plunged 53% to

Australian Markets Up 1%, Record Profit at CBA

Marcus Jacob
12 Feb, 2014
New York City

Australian market indexes jumped 1% in active trading and trade with China soared 33% in January. China also reported 10.6% increase in exports in the month. Commonwealth Bank of Australia reported record first-half profit.

India Movers: BPCL, GMR Infra, HPCL, NFL, Oil India, Tata Steel

Mukesh Buch
12 Feb, 2014
New York City

BPCL net swung to a loss on 3.8% rise in revenues. GMR Infra net loss widened. HPCL reported larger than expected loss. National Fertilizers net swung to a profit on 36% rise in sales. Oil India net declined 4% and revenue climbed 5%. Tata Steel profit declined 45%.

Yellen Comments Contribute to Positive Sentiment on Wall Street

Nichole Harper
11 Feb, 2014
New York City

Indexes on Wall Street advanced and Fed Chairman Yellen

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