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U.S. Movers: Facebook, GM, Kellogg, Manulife, MetLife, Visa

Mukesh Buch
02 May, 2013
New York City

Facebook first quarter net jumped 7% and GM net declined 14% but narrowed losses in Europe. Kellogg plunged 11% and Manulife net tumbled 56%. Murphy Oil net plunged 23% and MetLife net swung to $956 million profit. Visa second quarter net slid 2%.

ECB Rate Cut Unlikely to Reverse Economic Trends in Europe

Nigel Thomas
02 May, 2013
New York City

European markets pared losses but closed mixed after the European Central Bank lowered rate to 50 basis points. The widely expected rate cut is largely symbolic as companies in peripheral zone are likely to not see any benefits of the rate cut.

Europe Earnings: BSkyB Net Up 9%, Sanofi Sales Fall

Nigel Thomas
02 May, 2013
New York City

British Sky Broadcasting said net income for the nine-month period increased 9% to

Nikkei in Longest 4-Day Slump Since November

Hiruki Nakamura
02 May, 2013
New York City

Stocks in Tokyo edged lower for the fourth day in a row, the longest decline since November, on global economic growth worries. Daiwa Securities reported largest quarterly profit in seven years. Tokyo Steel estimated higher sales in second half. Japanese automakers declined on weak U.S. sales.

Global Worries Drag Commodities and Australian Stocks

Marcus Jacob
02 May, 2013
New York City

Australian markets traded lower after commodities prices eased on weak economic data from the U.S., China and euro zone. Australian building approvals plunged 5.5%, the largest monthly sales decline in eight months.

India Movers: Airtel, Bajaj, Glaxo, IDFC, Kotak, L&T, Maruti, Marico

Mukesh Buch
02 May, 2013
New York City

Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.

U.S. Movers: Comcast, Cummins, Humana, MasterCard, Time Warner

Mukesh Buch
01 May, 2013
New York City

American Tower first quarter net plunged 23% and Comcast net soared 18%. Cummins net tumbled 38% and Humana net surged 91%. MasterCard net climbed 12% and Merck revenues fell short of expectations. Time Warner net surged 24% and Reuters net swung to a loss.

U.S. Construction Spending Falls, Apple Completes $17 Billion Bond Offering

Nichole Harper
01 May, 2013
New York City

Stocks on Wall Street showed a negative bias after construction sector activities declined in March and U.S. manufacturing growth slowed. Apple completed the $17 billion bond offering, the largest bond deal in corporate history. European markets and several Asian markets were closed for May Day.

Japanese Corporations Take Cautious View on Weaker Yen Benefits

Hiruki Nakamura
01 May, 2013
New York City

Market indexes in Tokyo rested after 15-year record gain of 12% in April. Power utilities are bracing for a second annual record loss and seek higher tariffs that could contribute to inflation. The latest batch of earnings outlook fell short of expectations.

Australian Home Building in 34th Monthly Contraction, Bubbly Home Prices

Marcus Jacob
01 May, 2013
New York City

New home sales in Australia increased 4.2% in March but the industry struggled to attract new buyers as median home price reached $485,000. Housing industry estimated construction activities declined for the 34th month in a row.

U.S. Movers: Aetna, Avon, Domino

Mukesh Buch
30 Apr, 2013
New York City

Aetna first quarter net slid 4% and Avon net swung to a loss. BP net surged to $16.9 billion. Domino

Deutsche Bank, Lloyds Net Climb; UBS Profit Drops

Nigel Thomas
30 Apr, 2013
New York City

Carphone Warehouse agreed to acquire the remaining 50% stake in a joint venture held by Best Buy for

U.S. Indexes Rest Near Highs, Pfizer and Best Buy in Focus

Nichole Harper
30 Apr, 2013
New York City

Stocks in early trading traded sideways ahead of Fed statement tomorrow and weak earnings from Pfizer. Best Buy agreed to sell its stake in European joint venture to UK based Carphone Warehouse for $775 million. European unemployment rate hit a record high.

Record Unemployment in Euro Zone, Measured Inflation Drops to 1.2%

Nigel Thomas
30 Apr, 2013
New York City

European Markets struggled to advance after the inflation declined and unemployment rate surged to 12.1% in March, record high since 1995. Bond yields hovered near record lows for Germany and France as economists speculate a rate cut later this week.

Weaker Yen Fails to Lift Net at Fanuc, Honda and Ricoh; Nomura Surges

Hiruki Nakamura
30 Apr, 2013
New York City

The Nikkei index slipped a fraction after Fanuc, Honda Motor and Ricoh reported weaker than expected earnings and failed to yen estimate for the fiscal year earnings. Corporate Japan is sending signals to policymakers that weaker yen may be harder to sustain.

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