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India Movers: Apollo, Bharat Forge, Eicher, Gujarat Gas, Jet Airways, Ranbaxy

Mukesh Buch
08 Aug, 2013
New York City

Apollo Hospitals barely rose 3%. Bharat Forge net surged 81%. Eicher Motors profit climbed 22%. Gujarat Gas net surged 90%. Jet Airways net swung to a loss. NCC net declined 37% and Omaxe profit climbed 19%. Ranbaxy net loss narrowed.

U.S. Movers: Cognizant, CVS Caremark, DISH Network, Emerson, Regeneron

Mukesh Buch
06 Aug, 2013
New York City

Cognizant revenue and net jumped. CVS Caremark net climbed 16%. DISH Network second quarter net swung to a loss. Emerson Electric net tumbled 75%. Regeneron Pharmaceuticals profit jumped 14%. Unum net rose 1% to $218.6 million.

U.S. Stocks Extend 2-Day Losses, Trade Deficit Narrows 22%

Nichole Harper
06 Aug, 2013
New York City

U.S. stocks extended losses for the second day in a row and trade deficit in June narrowed to the smallest since October 2009. Washington Post agreed to sell newspapers to Jeff Bezos for $250 million. India appointed Raghuram Rajan as its new central bank governor.

Europe Earnings: Esure, Fresnillo, InterContinental, Standard Chartered

Nigel Thomas
06 Aug, 2013
New York City

Esure Profit-after-tax soared 17%. Fresnillo net tumbled 61%.InterContinental Hotels operating profit climbed 20%. Rotork net climbed 11% and announced acquisitions. Standard Chartered profit for the period declined 23%.

Nikkei Gains 1% on Rumors, Sony Rejects Spin Off Proposal

Hiruki Nakamura
06 Aug, 2013
New York City

Market indexes in Tokyo closed higher for the third time in last four trading sessions as investors reacted to rumors. The yen eased. Sony was the fourth most actively traded stock and declined 4.6% after the company board rejected a proposal to split its entertainment unit.

India Movers: Crompton, EIL, eClerx, NDTV, Symphony, Tata, Wockhardt

Mukesh Buch
06 Aug, 2013
New York City

Crompton Greaves net plunged 30% but revenue jumped 12%. EIL profit and revenues tumbled. eClerx net surged as sales climbed 9%. NDTV loss narrowed as revenue dropped. Tata Power net swung to a loss.

Australia Lowers Rate to Record Low 2.5%, Trade Surplus Widens

Marcus Jacob
06 Aug, 2013
New York City

Reserve Bank of Australia lowered its key lending rate by 25 basis points to 2.5% and held out possibility of another rate cut. As the mining boom wanes, central bank prepares to rebalance economic growth and lower dollar helped trade surplus to widen in June.

U.S. Movers: Chevron, HSBC, Eaton, Washington Post, Viacom

Mukesh Buch
05 Aug, 2013
New York City

Chevron revenues and net plunged. HSBC Holdings revenue dropped on unexpected slowdown in China. Eaton sales surged 38% and net soared 29%. Washington Post net declined 14%. Tyson Foods net soared to $249 million. Viacom net surged 20%.

Europe Earnings: HSBC, Sanofi, Veolia

Nigel Thomas
05 Aug, 2013
New York City

HSBC Holdings revenue dropped 7% but profit climbed 10% to

U.S. Service Sector Growth Accelerates, World Markets on Defensive

Nichole Harper
05 Aug, 2013
New York City

U.S. stocks rebounded after the service industry expanded at the fastest pace in five months. Berkshire Hathaway increased after reported higher than expected quarterly net. European markets closed flat and Asian markets were on the defensive.

Nikkei Falls 1.4% on Cautious Outlook from Toyota and Rising Yen

Hiruki Nakamura
05 Aug, 2013
New York City

Stocks in Tokyo halted a 2-day rally and the Nikkei index fell 1.4% as the yen gained. Investors sold stocks after weaker-than-expected U.S. jobs report on Friday and Toyota issued a cautious outlook despite a near record profit. Casio Computer quarterly net rose 31%. Hitachi Zosen net loss widened.

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