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Market Update

U.S. Movers: Church & Dwight, Humana, Rockwell, Time Warner

Mukesh Buch
05 Nov, 2012
New York City

Church & Dwight third quarter net jumped 18%. Humana third quarter net declined 4% but lifted outlooks and agreed to buy Metropolitan Health for $850 million and also agreed to acquire Certify Data Systems. Time Warner net surged 127%.

UK Services Activity Grows, HSBC Pretax Profit Soars 125%

Arthi Gupta
05 Nov, 2012
New York City

The UK indexes declined tracking lower world markets and UK government gross reserves rose and services sector grew marginally in October. HSBC third quarter underlying pretax profit surged 125% to $5.04 billion.

HSBC Fears Laundering Charges to Cross $1.5 B, Seadrill in $2.9 B Deal

Darlington Musarurwa
05 Nov, 2012
New York City

U.S. indexes traded lower ahead of the close presidential election and looming spending cuts that are set to kick in on January 1. Malaysia-based SapuraKencana and Seadrill agreed to integrate tender rig businesses in a $2.9 billion deal. Humana agreed to acquire Metropolitan for $850 million.

Debt Talks of Spain, Greece and U.S. Fiscal Cliff Worry G 20

Arthi Gupta
05 Nov, 2012
New York City

The European indexes edged lower ahead of the U.S. presidential election and Communist Party meeting this week in China. The euro edged higher and resources stocks and banks were under pressure.

Euro Zone Confidence Improves, Spanish Unemployment Rises

Arthi Gupta
05 Nov, 2012
New York City

Euro zone confidence improved in November. Spanish unemployment rose more than estimated and Hungarian manufacturing activity worsened in October.

Europe Movers: QSC, Fuchs Petrolub, Ryanair, CGGVeritas, Transocean, Novartis

Arthi Gupta
05 Nov, 2012
New York City

QSC revenue fell and Transocean net loss widened in the third quarter. Fuchs estimates higher earnings and revenues for full-year. Ryanair first-half net rose 10% to

Indexes on Wall Street Fall 1% in Nervous Trading

Bikram Pandey
02 Nov, 2012
New York City

Stocks on Wall Street sold off in the afternoon on the mounting cost of Hurricane Sandy and the looming uncertainty linked to the presidential election next week. Gold and crude oil fell more than 2% and market indexes declined more than 1%.

U.S. Movers: AIG, Hess, Ralph Lauren, Starbucks, Thomson Reuters

Mukesh Buch
02 Nov, 2012
New York City

AIG third quarter net swung to $1.9 billion profit and Hess net surged 87%. Ralph Lauren third quarter net slumped 8% and lifted fiscal outlook. Starbucks fourth quarter net was nearly flat but lifted the annual estimate. McGraw-Hill third quarter net declined 14%.

U.S. Payrolls Rise 171,000 in October, Factory Orders Up 4.9%

Nichole Harper
02 Nov, 2012
New York City

Stocks in New York traded higher after employers added more than expected jobs in October and data for September and August were revised sharply higher. Unemployment rate increased to 7.9%. Factory orders increased 4.9%, largest increase in a year.

Nikkei in 3-day Rally with 1.2% Gain, Nikon Cuts Outlook

Nigel Thomas
02 Nov, 2012
New York City

Stocks in Tokyo surged for the third day in a row following the gains in New York and the yen weakened. Sharp and Panasonic extended declines after estimating sharply higher losses. Also, Nikon lowered its outlook.

Australian Markets Flat; Westfield, Qantas in Focus

Marcus Jacob
02 Nov, 2012
New York City

Australian markets closed flat on a weakness in banks and weak trading in resource sector. Qantas held out possibility of a dividend but did not cite a specific data. Westfield confirmed its malls in the U.S. did not suffer any major damage from the Hurricane Sandy.

More Weakness in Euro Zone Manufacturing, Market Indexes Struggle

Arthi Gupta
02 Nov, 2012
New York City

The European indexes traded sideways ahead of the U.S. payrolls report. The downturn in the euro zone manufacturing sector extended in October. The UK construction sector remained subdued in October.

Europe Movers: Alcatel-Lucent, BMW, RBS, Beiersdorf, Wm Morrison

Arthi Gupta
02 Nov, 2012
New York City

Alcatel-Lucent and RBS swung to quarterly loss. BMW said U.S. sales rose 21% in October. Beiersdorf first nine months annual sales improved to

Wall Street Rallies, Chrysler Leads Auto Sales Growth, Chain Store Sales Lag

Bikram Pandey
01 Nov, 2012
New York City

Stocks on Wall Street advanced after latest jobless claims and private sector employment growth. U.S. manufacturing also advanced in the previous month. Auto sales rose less than expected and same store sales lagged expectations in October.

Stocks Rally on Jobless Claims Data and 4-year High Confidence

Nichole Harper
01 Nov, 2012
New York City

Market indexes in New York jumped more than 1% after weekly jobless claims declined and manufacturing growth increased in October. Construction spending rose to a three-month high and consumer confidence increased to the highest in four years.