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Japan Looks Ahead to Election on Sunday, Softbank Bids for Vivendi Music

Hiruki Nakamura
19 Jul, 2013
New York City

Japan is scheduled for upper house election on Sunday and the ruling coalition is expected to win a super majority to end the divided parliament. Resource sector stocks and exporters traded volatile.

U.S. Movers: BB&T, GE, Johnson Controls, Microsoft, Whirlpool

Mukesh Buch
19 Jul, 2013
New York City

BB&T net advanced 7%. General Electric revenue fell and net income was flat at $3.1 billion. Johnson Controls net surged 32% and provides outlook. Microsoft net swung to profit as revenues jumped 10%. Schlumberger profit jumped 16% and Whirlpool net soared 75%.

Europe Earnings: Electrolux, Lloyds bank, Vopak, Vivendi, Vodafone

Nigel Thomas
19 Jul, 2013
New York City

Electrolux net in the quarter declined 8% as sales slid. John Lewis gross sales plunged 9%. Vopak lowered its fiscal year earnings outlook. UK government plans to sell

Australian Markets Ease; Orica Lowers Earnings Outlook, Santos Falls

Marcus Jacob
19 Jul, 2013
New York City

Australian stocks traded lower after commodities prices eased and investors took profits. Orica Limited, the maker of explosive systems declined on weak earnings outlook. Santos Limited lowered its annual energy output.

India Movers: Bajaj Auto, Hexaware, HDFC, Mastek, TCS, UCO Bank

Mukesh Buch
19 Jul, 2013
New York City

Bajaj Auto net rose only 2.7% and sales declined 2%. Hexaware profit surged 23% as revenue jumped 6%. HDFC net soared 17% to Rs 1,173 crore. Mastek profit plunged and revenue slid. Tata Consultancy Services net climbed 6%.]

Earnings and a Fall in Jobless Claims Lift Stocks on Wall Street

Nichole Harper
18 Jul, 2013
New York City

U.S. stocks gained after a flood of better than expected earnings and initial jobless claims declined to the lowest in ten weeks. Verizon, Intel, IBM, Morgan Stanley, U.S. Bancorp and eBay were among leading companies to release earnings today.

U.S. Movers: BlackRock, eBay, Intel, IBM, Morgan Stanley, Verizon

Mukesh Buch
18 Jul, 2013
New York City

BlackRock second quarter revenue and net soared. eBay revenue climbed but net slumped. Intel revenue fell 5% and net plunged 29%. IBM profit declined 17%. Morgan Stanley net surged 42% and Verizon net climbed 21%.

Europe Earnings: Dart, Ericsson, Hitachi, Nokia, Optos, Sports Direct

Nigel Thomas
18 Jul, 2013
New York City

Dart annual profit jumped 37%. Ericsson sales flat but quarterly soared 26%. Hitachi secured contract worth

European Current Account Surplus Drops, Italian Construction Woes Deepen

Nigel Thomas
18 Jul, 2013
New York City

European indexes closed higher and commodities prices gained in international trading. Euro zone current account surplus declined in May. Spanish bank bad loan ratio approached to a record high in November. Akzo Nobel, the largest paint maker fell after 4% decline in quarterly revenues.

Nikkei Rally Extends to Fourth Day, Yen Edges Lower

Hiruki Nakamura
18 Jul, 2013
New York City

Stocks in Tokyo gained for the fourth day in a row and the yen weakened as investors looked ahead to weekend election results. Toshiba plans to expand its flash memory production. SoftBank trades higher to become the third most valued company in Tokyo.

Australian Mining Conditions Weaken, Masters Chain Suffers Higher Loss

Marcus Jacob
18 Jul, 2013
New York City

Australian stocks failed to build on the early enthusiasm in the session and pulled back from the peak of the day. Australian business conditions and confidence index declined in the June quarter. Newcrest Mining declined 4.5%.

India Movers: Axis Bank, Bajaj Fin, Essar Port, IDBI Bank, Kotak Mahindra

Mukesh Buch
18 Jul, 2013
New York City

Axis Bank net jumped 22% and Bajaj Finance net and revenue soared. Essar Ports first quarter profit surged 48%. IDBI Bank net declined 28% and Kotak Mahindra Bank profit climbed nearly 40%.

Bernanke Comments Reassure Financial Markets

Nichole Harper
17 Jul, 2013
New York City

Stocks on Wall Street gained after Fed Chairman Bernanke reassured financial market about the longevity of the monetary stimulus and flexible approach of the central bank. Abbott Labs, Bank of America, CSX and Mattel were in focus after earnings release.

U.S. Movers: Abbott, Bank of America, CSX, Mattel, PNC Financial

Mukesh Buch
17 Jul, 2013
New York City

Abbott second quarter revenue rose but net plunged 72%. Bank of America and Bank of New York net surged. CSX and Mattel quarterly net soared 18%. St. Jude Medical profit plunged 36%. PNC Financial net jumped 10%.

Europe Earnings: Barclays, Guardian News, L'Oreal, Smiths Group

Nigel Thomas
17 Jul, 2013
New York City

U.S. federal energy regulator fined Barclays for

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