Jul 24, 2009 8:50 PM ET
The largest mobile handset maker second quarter sales dropped 25% to €9.91 billion due to 15% drop in mobile devices shipped in the quarter while profits plummeted 189% to €380 million. Earnings per share were now €9.86 as against €11.10 in the year ago quarter.
Jul 24, 2009 4:31 PM ET
U.S. stocks closed mixed after two week rally halted. Weak earnings from Microsoft, Amazon.com and American Express slowed the market momentum. UK second quarter GDP contracted but South Korean economy gained. U.S. consumer confidence fell further in June.
Jul 24, 2009 3:44 PM ET
Stocks in London closed higher for the tenth day in a row despite the economy contracting in the second quarter. The benchmark FTSE 100 index increased for the tenth day in a row, the longest rally in five years. Vodafone sales increased 9.3% on currency and acquisitions.
Jul 24, 2009 11:58 AM ET
Chinese search engine company Baidu.com surged 7% after it estimated higher revenues next quarter. Amazon.com, Microsoft and American Express declined after earnings. Broadcom plunged 10% after its net plunged. Sunpower soared on better than expected earning.
Jul 24, 2009 10:08 AM ET
Home builders, energy companies and resource stocks continued their ascent after Chinese regulators did not revised the mortgage rules for second homes. Separately, statistics bureau in Beijing reported that property sales in China increased 53% in June from a year ago.
Jul 24, 2009 9:32 AM ET
Reliance Industries, the most valued company in India, revenues declined 22.6% to $7 billion and net income fell 11.5% to $759 million in the fiscal first quarter ending in June. The price decline in crude oil and sharp fall in refining margins contributed the revenues and earnings shortfall.
Jul 24, 2009 8:35 AM ET
Global rally in stocks lifted Tokyo benchmark index. Fujitsu increased for the second day after offering target for record earnings in fiscal 2011. Panasonic gained 8% on broker recommendation. Shipping companies increased. Japan Tobacco dropped for the second day on the prospect of higher taxes.
Jul 24, 2009 7:33 AM ET
Improved monsoon rains in the last seven days and earnings momentum lifted the benchmark index Sensex higher. Rupee edged higher. Earnings released from 450 companies to date have increased 17.4% in the first fiscal quarter.
Jul 23, 2009 4:51 PM ET
Apple Inc quarterly revenue rose 11.8% to $8.34 billion riding on the best non-holiday quarterly revenue ever. Net profit rose by 15% to $1.23 billion. Earnings per share were $1.35 compared to $1.19 in the year ago quarter.
Jul 23, 2009 4:36 PM ET
U.S. stocks surged on lower than expected rise in unemployment claims and third monthly increase in home sales. Earnings momentum drove the market indexes to record territory for the year. Dow closed above 9,000 for the first time since January. Markets in Asia, Europe and South America closed up.