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P&G, Telus Rise; Green Mountain Coffee Falls

Sarla Buch
03 Aug, 2012
New York City

Green Mountain Coffee third quarter soared 30% and Procter & Gamble fourth quarter net surged 45% and updated its outlook. Viacom second quarter net slipped 7% and Yelp said second quarter net loss widened but revenues rose more than expected.

Sharp Tumbles 28%; Toyota Net Rises, Sony Lowers Outlook

Nigel Thomas
03 Aug, 2012
New York City

Investors in Tokyo were cautious and participated in global market selloff and remained focused on domestic economy oriented companies. Sharp tumbled 28% and traded at a 3-decade low after it reversed its outlook to a loss and Sony fell 7% after it cut its full year estimate.

Apache, Kraft Foods, Kellogg Rise; Activision Falls

Mukesh Buch
03 Aug, 2012
New York City

AIG second quarter net surged 27% and renamed its advisory services business. Apache second quarter net plunged 73% and Activision net declined 45%. Kraft Foods net rose 5.4% to $1.03 billion and set October 1 as the spin-off date.

Australian Markets Fall, BHP Billiton Writes Down Shale Gas Assets

Marcus Jacob
03 Aug, 2012
New York City

Australian markets declined following worldwide market selloff after central bank in Europe failed to offer immediate specific steps. BHP Billiton finally faced the expensive shale gas acquisition in the U.S. and wrote down assets by $2.5 billion.

U.S. Jobless Rate at 8.3%, Stocks Surge

Arthi Gupta
03 Aug, 2012
New York City

U.S. indexes gained after nonfarm payrolls rose more than estimated in July. CF Industries agreed to acquire Viterra

Europe Movers: Allianz, AXA, Dexia and RBS

Arthi Gupta
03 Aug, 2012
New York City

Allianz quarterly revenues rose 23% but RBS operating profit fell 22%. AXA net income slumped 36% and Dexia loss narrowed in the first-half. International Consolidated Airlines swung to loss in the second quarter.

European Indexes Rebound; Spanish, Italian Yields Above 6%

Arthi Gupta
03 Aug, 2012
New York City

The European indexes edged higher after euro area retail sales increased in June. Spanish and Italian yields rose above 6%. BHP said it will write down $3.3 billion of U.S. shale gas business and Australian nickel operations. RBS quarterly operating profit fell 22%.

Wall Street in 4-Day Slump, European Markets Drop 2.5%

Bikram Pandey
02 Aug, 2012
New York City

U.S. indexes fell after European Central Bank said it is prepared to purchase additional sovereign bonds only if rescue fund acts first and politicians take steps to restructure economies. Markets in New York dropped 1% and in Europe fell more than 2.5%. Gold, oil and copper eased between 1% and 3%.

Nikkei Climbs Wall of Earnings Worries, Toyota Rises

Nigel Thomas
02 Aug, 2012
New York City

Stocks in Tokyo closed higher but not without strong undercurrent of weaker than expected earnings. Toyota Motor was the most actively traded stock after it reported rising U.S. sales. Tokyo Electric Power jumped narrower quarterly loss.

U.S. Movers - 2: Ameren, Ansys, DirecTV, Knight Capital, GM, Teradata

Sarla Buch
02 Aug, 2012
New York City

Ameren second quarter net surged 53% and lifted fiscal guidance. DirecTV second quarter net rose and General Motors net declined 40% to $1.5 billion. Teradata second quarter net climbed and Hartford said quarterly net swung to $101 million loss.

Australian Retail Sales Rise 1% and Trade Balance Swings to Surplus

Marcus Jacob
02 Aug, 2012
New York City

Australian markets closed higher ahead of rate decisions in Europe. Australian retail sales rose 1% in June and sales in May were revised higher to 0.8%. Trade balance in June improved to a modest surplus on a fall in import prices.

U.S. Movers - 1: American Tower, Becton, Dickinson, Cigna, Duke Energy

Mukesh Buch
02 Aug, 2012
New York City

American Tower second quarter net plunged 58% and Becton, Dickinson net declined 4.7% and Cigna net slipped 2.8% to $380 million. Duke Energy net rose 2% to $444 million. DaVita net fell 1% to $120 million and Hospira net swung to loss.

U.S. Weekly Jobless Claims Rise, General Motors Net Falls

Arthi Gupta
02 Aug, 2012
New York City

U.S. indexes gained after weekly jobless claims rose less than estimated. The European Central Bank left its benchmark interest rate unchanged at 0.75%. Monsanto won $1 billion in infringement trial against DuPont. General Motors quarterly net declined 40%.

Europe Movers: adidas, BNP, Deutsche Post, Schroders

Arthi Gupta
02 Aug, 2012
New York City

Deutsche Post quarterly revenues rose on the growth in Asia but BNP Paribas quarterly net declined 13%. Telecom Italia swung to profit and Lufthansa loss narrowed in the first-half. adidas earnings rose 18% in the quarter and Schroders first-half revenue fell 9%.

ECB Ready to Buy Bonds but Awaits Political Actions

Arthi Gupta
02 Aug, 2012
New York City

The European indexes turned lower after the ECB showed willingness to purchase bonds but will only act after rescue fund acts first and governments restructure their economies. Spain sold

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