Aug 22, 2012 11:34 AM ET
Australian stocks closed lower after the mining giant reported earnings that met expectations. BHP earnings in the fiscal year ending in June declined 35% on nearly flat revenues as the fall in base metal prices and iron ore trimmed record profits from a year ago. Woodside Petroleum net declined.
Aug 22, 2012 9:45 AM ET
U.S. indexes edged lower after Japan reported larger-than-expected trade deficit. Health Care REIT agreed to acquire Sunrise Senior Living for $1.9 billion. Dell earnings fell 18% in the quarter.
Aug 22, 2012 9:36 AM ET
BHP Billiton full year profit slumped 35% on weakness in commodity markets and industry wide cost pressure. Hochschild first-half net revenue fell 29%. Vestas swung to loss in the second quarter.
Aug 22, 2012 9:31 AM ET
The European indexes declined and Greek prime minister said he is looking for more time to repay debts but the nation is not seeking more money. Heineken first-half revenue rose 5% and Vestas plans to lay off 1,100 employees by September.
Aug 21, 2012 4:11 PM ET
The U.S. indexes hovered near multi-year highs. IBM, Wal-Mart, Verizon, Disney and Oracle are few large companies trading near their 5-year highs. Gold, copper and oil gained. European markets trade higher on the ECB optimism.
Aug 21, 2012 11:54 AM ET
Stocks in Tokyo edged lower in weak trading as investors remained focused on defensive stocks linked to domestic economy. In thin trading, the Nikkei declined and investors awaited concrete announcements from the central banks in Europe.
Aug 21, 2012 10:59 AM ET
Australian stocks traded higher after the latest batch of earnings confirmed the current boom in mining industry capital spending. Monadelphous reported annual net increased 44% and steelmaker Arrium said net dropped 75%. Amcor, the packaging company said full-year net rose 18%.
Aug 21, 2012 10:55 AM ET
Best Buy appointed the new chief and reduced fiscal earnings outlook. The shoe retailer DSW soared after it reiterated guidance. Medtronic first quarter worldwide revenue increased. Tech Data declined as second quarter sales drop in the US and Europe.
Aug 21, 2012 10:06 AM ET
U.S. indexes traded higher following gains in the European and Asian markets. Apple extended gains on the speculation of new products release and Best Buy plunged on weak results. Church & Dwight agreed to acquire Avid Health for $650 million.
Aug 21, 2012 10:02 AM ET
Glencore revenues grew 17% helped by higher oil volumes handled, Afren revenue and cash flow surged driven by 218% annual increase in net production and Coca-Cola Hellenic Bottling comparable net profit fell 25% in the first-half.