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U.S. Economy Expands 2%, Apple Offers Cautious Outlook

Arthi Gupta
26 Oct, 2012
New York City

U.S. indexes traded higher after gross domestic product expanded at 2% annual rate in the third quarter. TransDigm agreed to acquire the pump and engine control systems business of Goodrich for $236 million.

Spanish Jobless Rate Above 25%, German Confidence Set to Rise

Arthi Gupta
26 Oct, 2012
New York City

The European indexes declined. The euro area leading economic index fell in September and German consumer confidence estimated to rise in November. Spanish jobless rate rose in the third quarter. Italy raised

Europe Movers: Ericsson, Statoil, Publicis, African Barrick Gold, Technicolor

Arthi Gupta
26 Oct, 2012
New York City

Ericsson earnings slumped 42% but Statoil net surged 47% in the third quarter. Technicolor quarterly revenue rose 10.9% to

Pearson, Bertelsmann in Merger Talks, Berkshire Won Subprime Loan Auction

Bikram Pandey
25 Oct, 2012
New York City

Stocks struggled and indexes stayed near the flat line after several corporations report weaker than expected results. Pearson and Bertelsmann are looking to merge their publishing divisions. Berkshire Hathaway won a bankruptcy auction of subprime loans from Residential Capital.

U.S. Movers: Aetna, Altria, Biogen, Colgate, Occidental Petroleum

Mukesh Buch
25 Oct, 2012
New York City

Aetna third quarter net gained 2% on higher premiums. Altria quarterly net tumbled 44%. Biogen third quarter net jumped 13%. Colgate-Palmolive plans to reduce workforce by 6%. Occidental Petroleum third quarter net declined 22% to $1.38 billion.

U.S. Jobless Claims Drop, Durable Goods Orders Rebound

Arthi Gupta
25 Oct, 2012
New York City

U.S. indexes advanced after weekly jobless claims declined 23,000 to 369,000 and durable goods orders rebounded in September. Colgate plans to slash 6% global workforce by 2016.

Softer Yen Lifts Nikkei in Tokyo; Hitachi Metals, Nintendo, Sharp in Focus

Nigel Thomas
25 Oct, 2012
New York City

The Nikkei index gained as the yen dropped to the lowest since June and the expectations of another round of measures from the Bank of Japan next week. Nintendo and Sharp fell on earnings worries and Hitachi Metals lowered operating earnings outlook.

Choppy Trading in Australia; ANZ Net Up 6%, BHP Outlook Rocky

Marcus Jacob
25 Oct, 2012
New York City

Australian markets closed marginally higher and defensive stocks led the gainers. Mirvac reaffirmed its current year outlook and Westfield Retail Trust swapped interests in seven shopping centers with AMP Capital. ANZ reported 6% increase in full year earnings.

Europe Movers: ABB, Credit Suisse, Daimler, France Telecom, Sanofi, WPP

Arthi Gupta
25 Oct, 2012
New York City

Banco Santander net plunged 94% and Credit Suisse quarterly net dropped 63%. Logitech second quarter net surged. BASF sales rose 8% to

IMF Approves

Arthi Gupta
25 Oct, 2012
New York City

The European indexes gained on better than expected earnings. Sweden left its key rate unchanged and IMF approved

Fed on Hold, Home Sales Lift Market Sentiment

Bikram Pandey
24 Oct, 2012
New York City

U.S. indexes struggled after early gains and the latest parade of earnings dominated market sentiment and better than expected new home sales in September. U.S. sues Bank of America for mortgage fraud. Fed left its bond buying program and interest rate policy intact.

New Home Sales Surge 5.7% Confirming Recent Housing Market Strenght

Barry Randall
24 Oct, 2012
New York City

New home sales in September rose to the best level in two years on low mortgage rates and banks write more mortgages. Sales in the month increased 5.7% from August and surged 27% fro a year ago.

U.S. Movers: American Electric Power, AT&T, Bristol-Myers, Eli Lilly, Praxair

Mukesh Buch
24 Oct, 2012
New York City

American Electric Power net jumped 6% and suspended its earnings guidance. AT&T quarterly net edged up and smartphone sales reached 6.1 million. Bristol-Myers net swung to $711 million loss as U.S. sales dropped 43%. Boeing net declined 6%.

Nikkei Halts 7-Day Rally; Sharp, DeNa Gain; Jtek, Kawasaki Heavy Fall

Nigel Thomas
24 Oct, 2012
New York City

The benchmark Nikkei index declined for the first time in eight days and halted the longest rally in 26 months. Sharp Corp gained 6% after the company began selling smartphone in China. Jtek and Kawasaki Heavy declined after companies missed their estimates.

U.S. Indexes Rebound On Earnings, Facebook Surges

Arthi Gupta
24 Oct, 2012
New York City

U.S. indexes gained ahead of the release of existing home sales data. Dow Chemical planned to cut about 2,400 jobs as part of its restructuring plans. Bard agreed to acquire Neomend for $140 million. Facebook soared 20% after revenues increased 32%.

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