Jan 24, 2013 10:21 AM ET
Apple said first quarter net was nearly flat. Bristol-Myers fourth quarter net jumped 9% and Lockheed Martin profit dropped 17%. Union Pacific quarterly net jumped 7% to $1.04 billion.
Jan 24, 2013 9:40 AM ET
Stocks in Tokyo gained for the first time in four days after manufacturing expanded at the fastest pace in five months. The components makers for Apple declined after the phone maker reported stagnant earnings.
Jan 24, 2013 9:06 AM ET
Stocks in Australia traded at a new 20-month high after the latest manufacturing survey from China showed continued strength. Fortescue Metals iron shipment was ahead of expectations. OZ Minerals plunged on copper production outlook.
Jan 24, 2013 8:04 AM ET
Andhra Bank third quarter net declined 15.2%. Educomp signed agreement with Kaizen and Bertelsmann for $5 million investment. HDIL tumbled 22% as managing director Sarang Wadhawan lowered his stake. L&T net surged 13% and Reliance Communications profit declined 43.3%.
Jan 23, 2013 4:01 PM ET
Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings.
Jan 23, 2013 2:27 PM ET
BHP Billiton gained after it reported gains in petroleum products and iron ore production and reaffirmed 2013 outlook. Unilever increased 3% after sales and earnings rose more than expected. Novartis advanced on better than expected sales outlook for 2013.
Jan 23, 2013 2:23 PM ET
European markets closed mixed after the latest batch of earnings from Unilever and Novartis. Resource stocks were higher after BHP Billiton reported higher production in the latest quarter. Banks were under pressure on profit taking after 10% surge in the year.
Jan 23, 2013 12:20 PM ET
Tech stocks in New York traded higher after Google, IBM and AMD reported better than expected results. Apple is scheduled to release earnings after the close. The International Monetary Fund lowered its estimate for the global economic growth to 3.5%.
Jan 23, 2013 10:32 AM ET
Nikkei index declined for the third day in a row as investors shifted attention to corporate earnings and the yen firmed. Bank of Japan set a 2% target and pledged to purchase assets from 2014. TDK dropped 4% on the earnings worries.
Jan 23, 2013 10:17 AM ET
Abbott fourth quarter net declined 35% and General Dynamics net swung to $603 million profit. Google profit jumped 7% and IBM net climbed 6%. McDonald’s fourth quarter net rose 1% and WellPoint quarterly net jumped 57%.