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German Business Confidence Up; Ericsson Net Soars; Alfa Laval Plunges

Arthi Gupta
22 Oct, 2010
New York City

The European indexes declined after euro-zone consumer confidence remained flat in October. German building industry orders rose in August and business confidence rose unexpectedly in October. Ericsson net more than tripled and Volvo swung to profit.

AIG Raises $17.9 B in AIA IPO; American Express, Schlumberger Net Rises

Arthi Gupta
22 Oct, 2010
New York City

U.S. stocks traded higher after upbeat earnings. AIA raised $17.9 billion through a public offering in Hong Kong. HP acquired ArcSight for $43.50 per share. Caterpillar and GE acquire companies. American Express net surges 70% and Schlumberger earnings soar more than double.

U.S. Stocks Ride on Earnings; China Growth Lifts World Indexes

Bikram Pandey
21 Oct, 2010
New York City

U.S. stocks traded near the two-year highs after the latest earnings exceeded expectations. eBay, Freeport McMoran, Nokia and Pernord-Ricard, Caterpillar and Netflix earnings lifted stocks. The U.S. dollar rebounded and gold and crude oil fell. China

U.S. Movers: eBay, Netflix, Goodrich, McDonald

Bikram Pandey
21 Oct, 2010
New York City

AT&T Inc third quarter revenue rose 2.8% and net surged. Goodrich Corporation revenue increased 6%. McDonald

UK Indexes Advance; GlaxoSmithKline, Seagate Net Falls

Arthi Gupta
21 Oct, 2010
New York City

The UK indexes climbed a day after government announced sharp spending cuts and retail sales fell unexpectedly in September. Decline in Irish home prices eased in the third quarter. GlaxoSmithKline profit declined 3.7% and Seagate net fell 17% in the quarter.

German Outlook Revised; Nokia Swings to Profit

Arthi Gupta
21 Oct, 2010
New York City

The European indexes gained after Nokia swung to profit. Euro area private sector growth slumped in October and the EU disbursed

U. S. Jobless Claims Fall; Caterpillar, eBay, Netflix Earnings Rise

Arthi Gupta
21 Oct, 2010
New York City

U.S. stocks rose after Caterpillar profit soared 96% and sales rose 53%. The regional survey conducted by the Fed confirmed modest growth in 12 districts. U.S. weekly jobless claims fell 23,000 to 452,000. eBay quarterly profit increased 23% on the surge in revenues at online payment unit.

India Movers: ACC, GSFC, Indiabulls and Info Edge

Mukesh Buch
21 Oct, 2010
New York City

Stocks in Mumbai surged on the sustained interest in Coal India offering from international investors. ACC Limited second quarter net fell 79%. Gujarat State Fertilizers & Chemicals Limited quarterly net more than doubled. Indiabulls Financial Services net jumped 143%.

Sensex Soars 2% on International Demand for Coal India IPO

Chandrasekhar Atreya
21 Oct, 2010
New York City

Stocks in Mumbai surged tracking gains in the international markets, steady foreign fund flows and strong interest in Coal India IPO. Environmental ministry rejects Vedanta

China

Chandrasekhar Atreya
21 Oct, 2010
New York City

China reported a robust economic expansion in the third quarter. However, 9.6% growth was the third decline in a row but still kept regulators worried on the resurgent inflation. The two inflation measures, CPI and PPI rose in September. China Mobile quarterly earnings rose only 3.5% as competition eats into margins.

Yen Hovers at 15-year High; Same Store Sales in Japan Rise

Chandrasekhar Atreya
21 Oct, 2010
New York City

Japanese stocks fluctuated and dropped for a second day to close little changed after the yen hovered near its 15-year highs. Toyota recalls 1.53 million vehicles. Toshiba Corp swung to profit in the first half. Same store sales at convenience stores rose 12.9% in September and third monthly increase in a row.

Australian Stocks Flat; Coles, Newcrest Revenues Rise

Chandrasekhar Atreya
21 Oct, 2010
New York City

Australian shares after trading higher in the morning boosted by resource stocks but lost most of the gains at close. Gold output at Newcrest Mining rises 79% in September quarter. Coles reported 5% increase in revenues in the quarter to September

U.S. Stocks Rebound on Earnings

Bikram Pandey
20 Oct, 2010
New York City

Stocks rebounded after better than expected earnings from banks and industrial companies. Crude oil and metals rebounded. Federal Reserve regional survey indicated that U.S. economy is recovering at modest pace. UK government announced sharp budget cuts.

UK Proposes Sharp Budget Cuts

Darlington Musarurwa
20 Oct, 2010
New York City

The UK indexes traded sideways after Chancellor Osborne unveiled significant budget cuts that will also see a reduction in nearly half a million public sector jobs. The BoE policy makers were divided on quantitative easing in the latest meeting.

US Movers: Altera, Morgan Stanley, J&J and Yahoo

Mukesh Buch
20 Oct, 2010
New York City

Altera declined 2% after sales soared 84% and net soared nearly three-fold. Domino

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