Jul 21, 2009 5:52 PM ET
Investors in India worried weak rain in the first 45 days of monsoon season may increase government deficit and lower rural spending. Tata Steel raised $500 million in an offering in Europe. Average sales have increased 11% and earnings 19% at the 230 companies releasing earnings so far.
Jul 21, 2009 7:10 AM ET
The financial institution reported revenue surged 60% to $33.1 billion in the quarter. Net quarterly income dipped 5.5% to $3.22 billion hurt primarily by higher provision for credit losses, merger and restructuring charges. Earnings per share slumped to 33 cents from 72 cents a year-ago quarter.
Jul 20, 2009 11:10 PM ET
Google second quarter revenue rose just under 3% to $5.52 billion. Profit rose 18.5% to $1.48 billion riding on year-over-year 15% increase in paid clicks. Earnings per share were $4.66 compared to $3.92 in the year ago quarter.
Jul 20, 2009 6:46 PM ET
U.S. indexes added to the 7% last week as cautious optimism about earnings lifted market indexes. The improved economic sentiment lifted commodities prices which in turn lifted markets in Australia, Canada, Brazil and China. India and U.S. signed several agreements involving nuclear power plants.
Jul 20, 2009 2:16 PM ET
The UK indexes edged higher after miners and financials closed up. ICAP, the inter-broker dealer completed raised 300 million euros through 5-year bonds. The pound gained after homes for sale were listed at higher prices. Domino’s Pizza UK increased 7% on 15% gains in sales in the first half.
Jul 20, 2009 12:15 PM ET
Tyson Foods led the decliners in the S&P 500 index with a loss of 8.6%. Eaton second quarter earnings plunged 92% and lowered its operating earnings outlook for the year. CIT surged after it arranged a rescue loan of $3 billion from its bond holders. S&P 500 index will replace CIT with Red Hat, Inc.
Jul 20, 2009 10:16 AM ET
Australian stocks edged higher on a rally in copper prices and cash iron ore price above $90 a ton as the mineral shipment to China increase. Energy Resources, the operator of uranium mines increased after it estimated first half earnings to rise three-fold.
Jul 20, 2009 9:19 AM ET
Commodities and shipping linked stocks rallied. Earnings optimism and brokerage recommendation of Hong Kong property stocks helped benchmark indexes. China International Travel Service Corp filed its public offering prospectus.
Jul 20, 2009 5:52 PM ET
Sensex in Mumbai trading soared 13.4% in last five trading sessions. Kirloskar Pneumatic first quarter plunges into loss. TCS results with a positive outlook lifted market sentiment. Ambani family feud is joined by the Indian government staking claim to natural gas and its authority to price.
Jul 19, 2009 12:06 PM ET
The information technology provider revenue declined 13% to $23.3 billion in the quarter. Net quarterly income rose 12% to $3.1 billion. Earnings per share increased to $2.32 from $1.97 the prior-year quarter. The company estimates earnings of at least $9.70 a share for fiscal 2009.