Jan 25, 2012 11:17 AM ET
Stocks in Tokyo trading extended gains for the seventh day in a row as resources and merchant fleet operators led the gainers. Japan reported its first trade deficit as imports surge and exports struggle after natural disasters.
Jan 25, 2012 10:48 AM ET
Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.
Jan 25, 2012 10:06 AM ET
The UK indexes edged lower after the economy contracted in the fourth quarter, services index increased more than anticipated in November and mortgage approvals rose in December. HSBC agreed to sell its retail banking and wealth management business in Thailand.
Jan 25, 2012 9:46 AM ET
The U.S. indexes fell after Boeing issues cautious outlook and tech stocks gained after Apple Inc reported a surge in earnings. U.S. mortgage applications slid last week. Motorola Solutions quarterly net slips and Abbott Labs quarterly sales miss estimates.
Jan 25, 2012 9:27 AM ET
Australian stocks gained after inflation in the December quarter was flat and trailed expectations. For the year 2011, inflation increased 3.1%. Rio Tinto confirmed its majority stake in the Canada based Ivanhoe Mines that is active in Mongolia.
Jan 25, 2012 8:20 AM ET
German confidence rose for the third month in a row in January and Spanish producer price index slowed in December. Retail sales in Hungary improved but in Italy fell in November.
Jan 25, 2012 8:18 AM ET
European markets declined after mixed corporate earnings as Germany sold 30-year bonds amidst strong demand. UniCredit planned to raise up to €25 billion by way of covered bonds and E.On plans to cut 11,000 jobs worldwide.
Jan 24, 2012 4:31 PM ET
The U.S. indexes declined after rallying for five days in a row. Global companies are beginning to feel the impact of weak euro and fast food retailer McDonalds lowered earnings outlook. The oil refiner Petroplus based in Switzerland defaulted on bond payment as refineries in South Korea and India.
Jan 24, 2012 12:27 PM ET
Stocks in Japan traded higher and the benchmark index Nikkei traded at a 3-month high. Sony is expected to announce a stake in Olympus as early as next week that may lead to a business alliance. Elpida is expected to be a part of a three way merger with the U.S based Micron.
Jan 24, 2012 10:51 AM ET
Air Products and Chemicals first quarter net fell to $248 million and Baker Hughes fourth quarter net slipped to $314 million. EI DuPont fourth quarter net fell to $373 million. McDonald’s fourth quarter net increased 11% to $1.38 billion and Verizon fourth quarter net loss swung to $0.21 billion.