Feb 16, 2012 10:50 AM ET
[R][[11:25 AM New York – Apache fourth quarter net surged to $1.17 billion. ABB fourth quarter net increased 19% to $830 million. Devon Energy fourth quarter net declined to $507 million. General Motors fourth quarter net was flat at $500 million. V.F. Corp. fourth quarter net surged to $257.3 mn.
Feb 16, 2012 9:44 AM ET
The Nikkei index in Japan closed lower as Greek negotiations drag on and oil prices rise. However, metals and other commodities edged lower. Three former executives of Olympus were arrested by Tokyo police for the accounting scandal.
Feb 16, 2012 8:37 AM ET
Australian stocks faced selling pressure after Westpac Bank reported weaker than anticipated earnings. Investors took the latest monthly decline in unemployment in stride. Weak copper prices also dragged resource sector. Wesfarmers reported flat net income growth.
Feb 15, 2012 4:00 PM ET
Markets in U.S. and Europe traded lower after euro zone ministers delayed the decision on Greek bailout. The European Central Bank is prepared to distribute its profit on Greek bonds to facilitate debt swap. Iran and Israel are locked in deadly embrace that holds hostage oil prices.
Feb 15, 2012 1:34 PM ET
U.S indexes traded sideways after industrial production was unchanged. Factory production increased 0.7% and mining and utility output declined in January. Regional survey of New York indicated expanding manufacturing.
Feb 15, 2012 12:33 PM ET
European markets traded sideways as Greek bailout decision got delayed one more time. European leaders urged China to participate in the euro zone bailout funds along with Russia and other oil rich nations. Heineken 2011 earnings fall.
Feb 15, 2012 10:44 AM ET
Comcast fourth quarter net increased 26% to $1.29 billion. Deere & Co. first quarter net increased 4% to $533 million. Kellogg agreed to acquire Pringles business of P&G for $2.7 billion. MetLife fourth quarter net surged to $1.13 billion.
Feb 15, 2012 9:54 AM ET
Stocks in Tokyo closed higher for the second row in a row following the expanded asset purchase program by the Bank of Japan. The yen dropped to a 16-week low and export sensitive companies traded higher. Tokio Marine soared 6% after it retained its annual net income outlook.
Feb 15, 2012 8:07 AM ET
Australian stocks edged higher after a flood of earnings. The largest Australian bank Commonwealth Bank reported earnings rise of 7% and retail mall developer Westfield Group said annual net soared 44% from a year ago. Fortescue Metals said first half net more than doubled.
Feb 14, 2012 5:22 PM ET
U.S. stocks declined after soft retail sales in January and rising import prices. Investors were also concerned as euro zone ministers demand more conditions ahead of Greek bailout. L’Oreal heiress resigned from the company board. Japanese companies estimate higher losses linked to Thai floods.