Feb 13, 2014 3:16 PM ET
Stocks on Wall Street advanced after struggling in the early trading. Better than expected earnings helped to reverse sentiment offsetting the weak retail sales and jobs data. Goodyear Tire, CBS and Applied Materials reported better than expected quarterly results.
Feb 13, 2014 12:52 PM ET
Nikkei index in Tokyo declined 1.8% and extended the year-to-date loss to 10%. Real estate companies led the decline. Asahi Group Holdings dropped 5% after the second-largest beer maker estimated annual income below the estimates.
Feb 13, 2014 11:47 AM ET
Comcast agreed to acquire Time Warner Cable for $45.2 billion. Apache net tumbled 73% as revenue dropped 19%. Cisco net plunged 54% and sales declined 8%. Fossil profit fell 2% but sales climbed. PepsiCo net jumped 5%. Whole Foods net grew 4%.
Feb 13, 2014 11:43 AM ET
BNP Paribas net plunged 26% to €4.8 billion as revenue dropped. Lloyds Banking net narrowed to £802 million. Publicis net surged 11% to €792 million. Renault net plunged 59% to €695 million. Rolls-Royce profit soared 19% to £1.3 billion and revenue climbed 27%.
Feb 13, 2014 11:02 AM ET
Australian market indexes reversed earlier gains after the jobless rate in January reached a decade high to 6% and surpassed the previous high of 5.9% in June 2009. Telstra hiked dividend and reported gains in wireless segment. David Jones quarterly sales increased 4.7%.
Feb 13, 2014 10:03 AM ET
Cipla net plunged 17% but revenues jumped 22%. Eros profit climbed 41%. Hindalco net tumbled 23%. HCL net declined 9% and sales surged 37%. ONGC net jumped 3%. NCC net tumbled 62%. Page Industries sales and profit climbed. TCL net plunged 55%.
Feb 12, 2014 1:39 PM ET
U.S. investors paused after the best 4-day gain in a year. European markets gained and Asian markets surged. China reported a sharp increase in exports and imports in January and the best monthly surplus since 2009. The U.S. House approved debt ceiling without any conditions.
Feb 12, 2014 1:36 PM ET
The U.S. House approved the federal government’s borrowing authority without any conditions attached after Republican Party leaders dropped all policy demands to avoid a confrontation in an election year.
Feb 12, 2014 2:12 AM ET
China reported a sharp jump in exports in January, surprising many analysts who were looking for a near flat growth in January.
Feb 12, 2014 11:13 AM ET
Deere & Co net rose 5%. DaVita net and sales climbed. Hospira profit surged. Lorillard declined 5%. Owens Corning net swung to profit on 10% rise in sales. Thomson Reuters net swung to a loss as revenue dropped. Valspar net fell 3% but sales soared 9%.