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India: TCS Sales Flat, Tata Motors March Sales Up 9%

Sarla Buch
16 Apr, 2015
New York City

Stocks in Mumbai traded lower ahead of earnings announcements. Gammon secured two new projects. IndusInd Bank said net in the fourth-quarter jumped 25%. Tata Steel production fell 1%. TCS, the flagship company of Tata Group reported flat quarterly sales. Tata Motors March global sales rise 9%.

U.S. Stocks, Oil Advance; EU Files Antitrust Charges Against Google

Nichole Harper
15 Apr, 2015
New York City

Market indexes on Wall Street traded higher and Bank of America reported profit in the first-quarter of 2015. European Union alleged Google with anti-competitive practice of directing traffic to its own shopping services ahead of rivals.

Bank of America Net Swings to Profit, Delta Air Lines Net Soars

Mukesh Buch
15 Apr, 2015
New York City

Bank of America net swung to profit but revenues declined 6%. CSX net climbed 11% on flat revenues. Delta Air Lines net soared more than two-fold. Intel net rose 3% after flat revenues. PNC Financial net declined 6%. U.S. Bancorp profit rose 3%.

Nikkei in Japan Flat, China Growth Slows to 7%

Hiruki Nakamura
15 Apr, 2015
New York City

Market indexes in Japan closed nearly flat after the recent run up in anticipation of higher earnings driven by weaker yen. Drug makers led the decliners. Chip equipment makers dropped after Intel lowered its capital spending plan in the current year.

EXOR Offers $6.4 B for PartnerRe, Draghi Sounds Stimulus Optimism

Nigel Thomas
15 Apr, 2015
New York City

The ECB left rates on hold and Draghi said stimulus is working. ASML profit surged 32% on 11% increase in revenues. EXOR offered to acquire PartnerRe Ltd for $6.4 billion. Burberry said revenues in the second-half soared 10%. JD Sports net jumped 30% and revenues climbed 25%.

Australian Indexes Turn Lower on Weaker Banks, iron Ore Price Rebounds

Marcus Jacob
15 Apr, 2015
New York City

Australian market indexes closed lower after banks led the decliners in Sydney. Resource stocks traded higher following an upswing in iron ore price. Freelancer Ltd soared 9% after the online marketplace operator reported record first-quarter revenue.

Fifth Monthly Decline in Wholesale Prices in India

Mukesh Buch
15 Apr, 2015
New York City

Wholesale prices in India declined for the fifth month in a row in March on lower food prices and weakening global oil prices. ACC net in the first-quarter plunged 41%.

Weaker Increase in U.S. Retail Sales; JP Morgan, Wells Fargo Beat Estimates

Nichole Harper
14 Apr, 2015
New York City

Stocks traded higher after JP Morgan reported better-than-expected earnings and crude oil advanced. Seasonally adjusted retail sales in March 0.9% and wholesale price index rose 0.2% in the month.

J&J, Wells Fargo Profit Decline; JPMorgan Net Jumps

Mukesh Buch
14 Apr, 2015
New York City

Fastenal net soared 14% on 9% increase in revenues. Johnson & Johnson profit plunged 9% on 4% decline in revenues. JPMorgan Chase net surged 12% and plans to increase quarterly dividend. Pep Boys net loss widened. Wells Fargo revenues and profit each declined 3%.

Nokia in Talk with Alcatel, Fraport March Traffic Jumps

Nigel Thomas
14 Apr, 2015
New York City

Alcatel Lucent surged on merger talks with Nokia. British Land acquired London-based property from Malaysian state pension fund for

Renewed Iron Ore Price Worries in Australia

Marcus Jacob
14 Apr, 2015
New York City

Australian Treasurer Joe Hockey said national finances may be affected if iron ore prices continue decline. The price of the iron ore has plunged 60% in the last one year as the four largest mining companies continue to increase supply and China engineers a slowdown.

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