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Wall Street in 3-Day Rally, Earnings Dominate Sentiment

Bikram Pandey
07 Aug, 2012
New York City

U.S. stocks traded higher for the third day in a row and earnings dominated trading. Knight Capital rebounded from 7% decline after it arranged emergency financing at a steep discount. MGM Resorts, Sirius XM Radio and Tower International gained on earnings.

Tokyo Extends Gains, Tokai Carbon Plunges 18%

Nigel Thomas
07 Aug, 2012
New York City

Stocks in Tokyo advanced for the second day in a row in lock steps with the world markets ahead of the announcements from the Bank of Japan and economic releases from China. A glitch in futures market affected trading.

Australia Update: Earnings Drive Bradken Higher; Transurban, Cochlear Fall

Marcus Jacob
07 Aug, 2012
New York City

Australian stocks extended gains for the second despite weak earnings from Transurban, Cochlear and Leighton. Mining equipment maker Bradken reported higher than expected earnings on strong demand.

Chesapeake, Endo Health, Fossil Rise; Church & Dwight, Office Depot Fall

Mukesh Buch
07 Aug, 2012
New York City

AmeriGas third quarter net loss widens and CVS second quarter net climbed 18.4%. Chesapeake second quarter net surged 90.5%. Accessories retailer Fossil soared 32%. Nuance Communications third quarter net jumped 90.6%. Office Depot second quarter net loss widens.

Knight Investors Extract Huge Discount, Kinder in Pipeline Deal

Arthi Gupta
07 Aug, 2012
New York City

U.S. indexes extended gains of last two trading days. Kinder Morgan Energy acquired interest in U.S. pipeline assets for $6.2 billion. Campbell Soup completed the acquisition of Bolthouse for $1.55 billion.

Europe Movers: E.On, InterContinental Hotels, Lanxess, Xstrata

Arthi Gupta
07 Aug, 2012
New York City

Lanxess second quarter net declined due to exceptional charges but InterContinental revenue increased 3.3%. Xstrata first-half profit plunged 33% to $1.94 billion.

Fourth Quarterly Slowdown in Italy, Standard Chartered Plunges 22%

Arthi Gupta
07 Aug, 2012
New York City

Italian economy extended the decline for the fourth quarter in a row and German factory orders fell 1.7%, more than estimated in June. The UK retail sales rose unexpectedly in July. Standard Chartered plunged 22% on money laundering charges.

Stocks on Wall Street Advance, Standard Chartered Faces Laundering Charges

Bikram Pandey
06 Aug, 2012
New York City

Market indexes in New York closed higher after earnings exceeded expectations and energy and metals prices rose. Standard Chartered Bank is the second UK based bank to face money laundering charges in New York.

Nikkei Soars 2% in Nervous Market Sentiment

Nigel Thomas
06 Aug, 2012
New York City

Stocks in Tokyo surged following the market advance last week in Europe and New York. Taiwan based Hon Hai Precision said it does not have to carry out investment in Sharp after the latest price volatility. Nippon Sheet Glass Co Ltd extended losses for the second day.

Australian Indexes Up 1%, Harvey Norman Estimates Sharp Earnings Fall

Marcus Jacob
06 Aug, 2012
New York City

Australian markets traded higher following a surge in Friday

Best Buy, Cognizant, Dril-Quip Rise; HCA, AES, Tesco Fall

Mukesh Buch
06 Aug, 2012
New York City

Best Buy founder offered to take the company private. Cognizant Technology soared 11% after it revised higher its adjusted profit outlook and HCA Holdings net soared 71%. The AES second quarter net dropped 19.5%.

Best Buy Founder Offers $8.8 B, Wall Street Higher on EU Hopes

Arthi Gupta
06 Aug, 2012
New York City

Wall Street traded higher at the opening and the advances in technology and energy sectors led the gainers. Investors are scheduled to review the international trade, wholesale trade inflation and 30-year bond auction and a barrage of earnings from retailers.

Europe Movers: ASML, easyJet, Richemont, UniCredit

Arthi Gupta
06 Aug, 2012
New York City

UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.

Troika to Revisit Greece in September, UniCredit Net Plunges 67%

Arthi Gupta
06 Aug, 2012
New York City

The European indexes traded higher and Greek negotiations enter the next phase. Italy is set to approve additional spending cuts and investors speculated on the Spanish bailout. The UK home prices fell, German construction sector and the EU productivity declined.

Wall Street Rebounds after 4-Day Slump, European Markets Soar

Bikram Pandey
03 Aug, 2012
New York City

U.S. indexes soared after payrolls increased more than estimated in July sparking a rally. The S&P 500 index increased 1.8% and index in Europe soared between 3% and 6%. Commodities advanced. For the week the S&P 500 rose 0.4% and the Nasdaq Composite added 0.3%.

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