Jul 31, 2009 5:48 PM ET
World markets edged higher in July after earnings drove indexes higher in China, India, Brazil, U.S., Canada and UK. The Nasdaq led U.S. indexes with a rise of 44% for the year and 8% in the month. Dun & Bradstreet fell 13% in trading after it lowered its earnings outlook.
Jul 31, 2009 4:50 PM ET
Stocks in Japan in weak trading advanced for the week and for the fifth month in a row. Mitsui Fudosan, the largest Japanese real estate operator earnings surged lifting stocks in the sector. Unemployment in June increased to six-year high and consumer price index declined in the month.
Jul 31, 2009 3:40 PM ET
Energy companies and airlines declined in European trading. Michelin gained after earnings results were better than expected. The comments from Deutsche Bank chief dragged market indexes lower. Eni SpA sales fell 24.2% and net profit fell 59.5%. Total S.A. sales fell 35% and net profit fell 54%.
Jul 31, 2009 3:04 PM ET
The economy contraction in the second quarter slowed to an annual rate of 1% after falling at 6.4% in the first quarter and 5.4% in the fourth quarter of last year. The smaller decline in GDP reflected a rise in government spending and smaller decline in fixed investments and private inventories.
Jul 31, 2009 1:22 PM ET
UK stocks edged higher on a rise in pound. Energy companies declined after Royal Dutch and Eni reported a decline in earnings and revenues. British Airways increased after it reported wider loss but sounded optimistic outlook for the second half. United Business Media surged on dividend hike.
Jul 31, 2009 11:36 AM ET
The Dun & Bradstreet dropped 14% after it lowered annual earnings outlook. Dolby Laboratories third quarter results exceed estimates. ITT led the gainers after it posted profit and lifted annual earnings outlook to as high as $3.70 a share. First Solar plunged after earnings.
Jul 31, 2009 10:55 AM ET
Stocks in India reached five-month high on the back of earnings. Hindalco, Reliance Infrastructure, Great Eastern Shipping and Welspun reported better than expected earnings. Rain deficit at the end of this week has declined to 18% from 27% two weeks ago on above normal rain.
Jul 31, 2009 5:53 AM ET
The coffeehouse chain reported quarterly revenue dipped 6.6% to $2.4 billion on comparable-store sales fall of 5%. Net quarterly earnings surged to $151.5 million helped by higher margins. The company earned 20 cents a share versus a loss of 1 cent a share a year-ago quarter.
Jul 30, 2009 7:21 PM ET
Data storage solutions provider second quarter revenues declined 11% to $3.26 billion. Net income declined 43% to $205.2 million. Earnings per share were 10 cents against 17 cents in the year ago quarter. Acquisition of Data Domain is expected to help revenues in the coming quarters.
Jul 30, 2009 4:12 PM ET
Global markets traded higher after earnings driven optimism lifted markets around the world. In the U.S. MasterCard, Cigna, Motorola delivered better than expected earnings. Initial claims of unemployment increased and crude oil rebounded. Metals in commodities closed higher in London and New York.