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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

European Markets Rebound; Accor, L'Oreal and Novartis in Focus

Nigel Thomas
17 Jul, 2013
New York City

European markets rebounded from morning losses and traded higher after a string of earnings reports from L

India Movers: DCB, HDIL, HDFC Bank, L&T, RCapital

Mukesh Buch
17 Jul, 2013
New York City

Development Credit Bank net surged. HDFC Bank net and revenue in the first quarter surged. L&T won new construction order worth $350 million in Oman.

Nikkei Extends Gains to Third Day, Mitsubishi Motors Soars 11%

Hiruki Nakamura
17 Jul, 2013
New York City

Stocks in Tokyo closed higher for the third day in a row and investors looked ahead to elections on Sunday. Ruling coalition is expected to win a majority in the upper house of the parliament. Mitsubishi Motors soared 11%.

BHP Billiton Iron Ore Production Jumps 7%, Oil Output Rises 6%

Marcus Jacob
17 Jul, 2013
New York City

Australian stocks closed lower after trading sideways and investors looked overseas for future direction. BHP Billiton reported record production in five commodities and petroleum production increased less than expected 6% in the year to June. Billabong soared 34% on a debt purchase agreement.

U.S. Indexes Trend Lower; Goldman Sachs, Coca-Cola Earnings in Focus

Nichole Harper
16 Jul, 2013
New York City

U.S. indexes traded lower after consumer price index increased 0.5% in June and industrial production rose 0.3%. Earnings at Goldman Sachs were ahead of expectations but Coca-Cola earnings and revenues lagged expectations.

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