Jul 14, 2009 4:52 PM ET
Banks and financial brokers rallied after Goldman Sachs reported sharply higher earnings in the second quarter. Retail sales in May increased 0.6% and inventories declined 1%. Dell Inc fell on earnings worries and CSX increased after it reported in-line earnings.
Jul 14, 2009 4:34 PM ET
Banks and automobiles makers stocks gained in European trading. The sharply higher earnings from Goldman Sachs in New York lifted banking stocks in Europe and UK. Software AG proposed to acquire IDS Scheer AG in a bid that values the company at 477 million euros.
Jul 14, 2009 2:52 PM ET
Mining stocks rally in London lifted FTSE 100 index higher. Britvic Plc edged up 3% after it estimated higher than expected annual earnings. The industrial chain maker Renold dropped 7% after full year earnings plunged 72%.
Jul 14, 2009 12:40 PM ET
Stocks in Japan rebounded after a sell-off that has lasted two weeks. Banks, securities and commodities companies closed higher. Hisamitsu Pharmaceuticals agreed to acquire Miami, Florida based Noven Pharmaceuticals for $430 million. Nissan surged after it increased production in China.
Jul 14, 2009 12:35 PM ET
The discount retailer net quarterly sales rose 8.3% to $1.84 billion on comparable store sales growth of 6.2%. Net quarterly income increased 35.5% to $87.7 million propelled by strong consumables category performance. Earnings per share surged to 62 cents from 46 cents a year-ago quarter.
Jul 14, 2009 11:31 AM ET
CIT Group Inc led gainers in the S&P 500 index with a rise of 24.4%. Bank of the Ozarks, Inc second quarter net up 10%. The Goldman Sachs Group second reported quarter net and compensation surges. Novellus Systems second quarter net loss.
Jul 14, 2009 10:45 AM ET
Australian stocks recorded single day best gain in the last seven months on a global rally in stocks and optimism of better earnings. However, trading volumes were thin. Energy Resources, the largest uranium miner reported 44% increase in output. Cochlear plunged declined 4% after earnings.
Jul 14, 2009 10:05 AM ET
Goldman Sachs reported second quarter revenues surged 46% to $113.76 billion and net earnings soared 89% to $3.45 billion. The corporations around the world took opportunity to raise capital in stocks and debt offering lifting underwriting revenues in the quarter.
Jul 14, 2009 8:42 AM ET
Stocks in Mumbai trading rebounded on the rainy forecast and firmer global markets. Energy and metals sectors and stocks in banking gained in trading. HDFC Bank and State Bank of Bikaner & Jaipur advanced on earnings. Aban Offshore surges on Morgan Stanley recommendation.
Jul 13, 2009 6:09 PM ET
European markets closed higher on the back of rally in banking and steelmaker stocks in Germany and France. Banks surged on the hopes that the U.S. banks earnings this week in New York will be better than expectations. Thyssen Krupp, Salzgitter, ArcelorMittal jumped. Philips gained on earnings.