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Positive Earnings Lift European Indexes, Credit Suisse Net Drops 96%

Arthi Gupta
25 Apr, 2012
New York City

The European indexes gained on strong corporate earnings. The euro area loan demand fell and the UK economy slid into a recession in the first quarter. Siemens cut fiscal year outlook after quarterly earnings plunged.

Earnings Spark Rally on Wall Street, Apple Shoots Up 7%

Bikram Pandey
24 Apr, 2012
New York City

U.S. stocks advanced after AT&T, 3M, United Technology and Parker Hannifin, T. Rowe Price and Hershey reported better than expected earnings. After the close, Apple reported $39.2 billion in sales and earnings of $11.6 billion of $12.30 a share.

U.S. Movers: 3M, AT&T, Coach, Facebook, McGraw-Hill, T. Rowe, Western Union

Mukesh Buch
24 Apr, 2012
New York City

3M first quarter net increased 4% to $1.12 billion. AT&T first quarter net increased 5.2% to $3.58 billion. Coach third quarter net soared 21% as China sales grew 60%. Facebook first quarter net declined 12% to $205 million. Illinois Tool first quarter net declined 22% to $486 million.

U.S. Home Prices Rise, Facebook Earnings Fall 12%

Arthi Gupta
24 Apr, 2012
New York City

U.S. indexes edged slightly higher after metropolitan home price index rose in February. Microsoft agreed to sell few of AOL patents to Facebook for $550 million. Hedge fund takes a 12% stake in Barnes & Noble.

Nikkei in 4-day Slump; ANA Hikes Dividend

Marcus Jacob
24 Apr, 2012
New York City

Stocks in Tokyo extended losses for the fourth day in a row and the yen strengthened. All Nippon Airways surged after the airline plans to double its annual dividend per share to 4 yen. Shinko Electric Industries lowered its annual loss estimate.

Australian Reported CPI Below Estimates; Seven West Cuts Earnings Outlook

Marcus Jacob
24 Apr, 2012
New York City

Australian consumer price index increased less than expected 0.1% in the quarter to March and rose 1.6% in the year to the month. The weak reported inflation followed the benign wholesale price index data released on Monday. Newcrest Mining lowered its annual production outlook.

French Confidence Rebounds, UK March borrowings at

Arthi Gupta
24 Apr, 2012
New York City

French confidence improved in April and the index was the highest since November 2010. UK public borrowing rose in March as the government struggles with revenues and fees.

Spanish, Italian and Dutch Yields Rise, Shell Lifted Cove Offer

Arthi Gupta
24 Apr, 2012
New York City

The European indexes rebounded after debt auctions by Spain, Italy and the Netherlands. French sentiment improved in April. The UK public sector net borrowing rose in March. Shell agreed to buy Cove for

World Markets Selloff, Wal-Mart Falls 5% on Bribery Probe

Bikram Pandey
23 Apr, 2012
New York City

U.S. indexes traded lower and fell more than 1% and the Nasdaq declined as much as 1.7%. Crude oil and gold dropped and the dollar gained. Total of $15 billion of deals were announced in the U.S. and Europe. Hong Kong led the sharp declines in Asian markets.

U.S. Movers: BE Aerospace, ConocoPhillips, Eaton, Hasbro, Kellogg, Pfizer

Mukesh Buch
23 Apr, 2012
New York City

BE Aerospace first quarter net surged 37% and reaffirmed 2012 outlook. ConocoPhillips net fell on weak production. Hasbro swung to first quarter net loss on weak sales in North America. Kellogg lowered full year outlook. Xerox quarterly net fell to $269 million.

$15 Billion of Merger Deals, U.S. Indexes Ease

Arthi Gupta
23 Apr, 2012
New York City

U.S. indexes fell after global economic worries weighed on the market. Weak manufacturing in China and the euro area dampened market sentiment despite the release of $15 billion worth of deals in the U.S. and Europe. Pfizer agreed to divest its infant nutrition business to Nestl

Investors Await BoJ Comments in Tokyo, Rakuten Dropped 4%

Nigel Thomas
23 Apr, 2012
New York City

Stocks and broader indexes in Tokyo fell ahead of comments from the Bank of Japan on Friday. Investors were cautious and speculation mounted that the central bank may expand its $800 billion asset purchase program. Rakuten, the largest e-commerce website operator shut down its site in China.

Australian PPI Falls, Stocks Weak Ahead of CPI Data

Marcus Jacob
23 Apr, 2012
New York City

Australian stocks edged lower on the first day of a short trading week after producer prices declined in the March quarter. Investors are expecting consumer price index to show an increase of at least 0.6% tomorrow.

Weak Euro Zone Private Sector Data; Spanish GDP Shrinks 0.4%

Arthi Gupta
23 Apr, 2012
New York City

European markets dropped after the latest reading on the private sector activity showed larger than expected weakness in April. French business sentiment index declined. Spanish economy shrank 0.4%, the first quarterly decline after seven quarters of modest growth.

Nestl

Arthi Gupta
23 Apr, 2012
New York City

The G-20 nations pledged $430 billion to the IMF. Nestl

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