Jul 13, 2009 5:41 PM ET
U.S. stocks surged on the optimism that tech stocks and banks will reported better than expected earnings. Goldman Sachs is expected to report higher than estimated earnings on sharply higher trading revenues. Japan scheduled national election on August 30.
Jul 13, 2009 5:12 PM ET
UK stocks closed higher after merger talks heated up and stocks in New York closed up on the speculation that Goldman Sachs is likely to report profit that will match its record in 2007. Friends & Provident surged on a bind from Resolution that the insurance company rejected.
Jul 13, 2009 12:51 PM ET
CIT Group led decliners in the S&P 500 index as the company faces prospects of bankruptcy. Expeditors International estimated substantially lower quarter earnings. American Dairy, China based milk powder producer and distributor plunged 40% after the company estimated revenues below expectations.
Jul 13, 2009 12:05 PM ET
The restaurant operator quarterly revenue dipped 7.1% to $317.2 million on same-restaurant sales fall of 3.2%. Net income increased 3.7% to $14.4 million in the quarter. Earnings per share rose to 28 cents from 27 cents the prior-year quarter.
Jul 13, 2009 11:49 AM ET
Stocks in HK and Shanghai declined after the Central bank in Beijing sounded cautionary note on the recent rise in bank loans. Exports in June fell 21.4% and trade surplus plunged 40%. Chaina Eastern and Shanghai Airlines announced merger plan. Chigo Group completed initial public offering in HK.
Jul 13, 2009 5:25 PM ET
The ruling LDP party in Japan faces uphill task on the election scheduled on August 30. The opposition party DPJ controls the upper house of the National Diet and is favored to win the election. Stocks fell on the election uncertainty. Kirin and Suntory are reported in merger talks.
Jul 13, 2009 8:47 AM ET
Australian stocks closed lower as the ongoing controversy between China and Australia heats up. China has arrested Rio Tinto staff under the charges of espionage and bribery related to iron ore price negotiations. Rio Tinto dropped 3.6%. Virgin Blue denied that it is planning to raise A$400 million.
Jul 13, 2009 8:05 AM ET
Stocks in Mumbai closed lower as markets in Asia fell. The uncertainty related to monsoon rains dragged auto and consumer stocks. IT services stocks rallied for the second day in a row on better than expected outlook from Infosys. Rupee closed at 49.14 to a dollar.
Jul 12, 2009 1:56 PM ET
The India-based consulting and IT services provider total quarterly revenue declined 3.4% to $1.12 billion. Net income increased 1.6% to $313 million in the quarter. Earnings per share rose marginally to 55 cents from 54 cents a year-ago quarter.
Jul 11, 2009 5:17 PM ET
Accenture third quarter revenue declined 15.9% to $5.54 billion hurt by unfavorable foreign exchange rates. Net income slipped 5.35% to $444 million. Earnings per share were 68 cents compared to 74 cents in the year ago quarter.