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BHP Net Drops 35% on Global Slowdown

Marcus Jacob
22 Aug, 2012
New York City

Australian stocks closed lower after the mining giant reported earnings that met expectations. BHP earnings in the fiscal year ending in June declined 35% on nearly flat revenues as the fall in base metal prices and iron ore trimmed record profits from a year ago. Woodside Petroleum net declined.

Wall Street Focuses on Japanese Deficit, Euro Weakens

Arthi Gupta
22 Aug, 2012
New York City

U.S. indexes edged lower after Japan reported larger-than-expected trade deficit. Health Care REIT agreed to acquire Sunrise Senior Living for $1.9 billion. Dell earnings fell 18% in the quarter.

Europe Movers: Addex, Delhaize, Heineken, Vestas

Arthi Gupta
22 Aug, 2012
New York City

BHP Billiton full year profit slumped 35% on weakness in commodity markets and industry wide cost pressure. Hochschild first-half net revenue fell 29%. Vestas swung to loss in the second quarter.

Greece Seeks More Time to Repay Debts, Markets Fall

Arthi Gupta
22 Aug, 2012
New York City

The European indexes declined and Greek prime minister said he is looking for more time to repay debts but the nation is not seeking more money. Heineken first-half revenue rose 5% and Vestas plans to lay off 1,100 employees by September.

Wall Street Indexes Near Multi-Year Highs, Euro Advances

Bikram Pandey
21 Aug, 2012
New York City

The U.S. indexes hovered near multi-year highs. IBM, Wal-Mart, Verizon, Disney and Oracle are few large companies trading near their 5-year highs. Gold, copper and oil gained. European markets trade higher on the ECB optimism.

Nikkei Turns Down from 3-Month High, Defensive Stocks Rally

Nigel Thomas
21 Aug, 2012
New York City

Stocks in Tokyo edged lower in weak trading as investors remained focused on defensive stocks linked to domestic economy. In thin trading, the Nikkei declined and investors awaited concrete announcements from the central banks in Europe.

Earnings Drive Australian Markets Higher, Monadelphous Net Surges

Marcus Jacob
21 Aug, 2012
New York City

Australian stocks traded higher after the latest batch of earnings confirmed the current boom in mining industry capital spending. Monadelphous reported annual net increased 44% and steelmaker Arrium said net dropped 75%. Amcor, the packaging company said full-year net rose 18%.

U.S. Movers: Best Buy, DSW, Medtronic, Nordson, Tech Data

Mukesh Buch
21 Aug, 2012
New York City

Best Buy appointed the new chief and reduced fiscal earnings outlook. The shoe retailer DSW soared after it reiterated guidance. Medtronic first quarter worldwide revenue increased. Tech Data declined as second quarter sales drop in the US and Europe.

U.S. Indexes Higher, Best Buy Net Plunges 91%

Arthi Gupta
21 Aug, 2012
New York City

U.S. indexes traded higher following gains in the European and Asian markets. Apple extended gains on the speculation of new products release and Best Buy plunged on weak results. Church & Dwight agreed to acquire Avid Health for $650 million.

Europe Movers: Afren, Glencore, John Wood, Sixt

Arthi Gupta
21 Aug, 2012
New York City

Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.

Spain Raises

Arthi Gupta
21 Aug, 2012
New York City

The European indexes gained and Spain sold

U.S. Stocks Recover, Apple Surpasses Record Microsoft Market Cap

Bikram Pandey
20 Aug, 2012
New York City

U.S. stocks traded sideways after investors turned cautious on stretched valuations. European leaders kicked off another round of talks to renegotiate Greek bailout terms and the distribution process for Spain. Retail gasoline prices gained as summer demand stayed near peak.

Nikkei Extends Gains, Don Quijote up 5%

Nigel Thomas
20 Aug, 2012
New York City

Stocks in Japan traded mixed and domestic economy linked companies were favoured in thin trading. Home prices in China gained, dashing any hopes of additional government stimulus. The discount retailer Don Quijote surged 5% on higher estimated earnings.

Telstra, CBA Trade Ex-Dividend in Sydney, Bendigo Net Drops 43%

Marcus Jacob
20 Aug, 2012
New York City

Australian stocks closed lower and investors focused on defensive stocks ahead of meetings of European leaders later in the week. Telstra and CBA traded ex-dividend. Bendigo and Adelaide Bank said annual net dropped 43%.

U.S. Movers: Aetna, Kinder Morgan, Lowe's, Zagg

Mukesh Buch
20 Aug, 2012
New York City

Aetna agreed to buy Coventry Health for $5.7 billion and FMC Technologies agreed to acquire Pure Energy for C$282 million. Kinder Morgan said it sold natural gas pipe networks and facilities for $3.3 billion. Lowe''s declined on weak outlook.

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