Feb 10, 2014 12:05 PM ET
CNA Financial net swung to a profit after sales jumped 4%. Dick’s Sporting rose on revised fiscal outlook. Hasbro net declined 10% on flat sales. Loews said loss in the quarter widened. McDonald''s global sales rose but U.S. sales dropped.
Feb 10, 2014 11:11 AM ET
Barclays expects adjusted pretax profit for the year to drop 26%. Deutsche Telekom acquired remaining stake of 39% of T-Mobile Czech Republic for €0.8 billion. Nestle plans to reduce its stake in L’Oreal. Securitas net surged to 495 million kronor.
Feb 10, 2014 2:10 AM ET
Japan reported record low annual current account surplus in 2013. Deficit in December widened to 638 billion yen and imports rose more than exports in the month on higher demand for energy. The yen traded above 104 against one dollar.
Feb 10, 2014 8:55 AM ET
Australian market indexes rebounded and the Aussie dollar advanced. Rio Tinto is expected to announce a new round of write-offs resulting in a quarterly loss of $5 billion. BHP eliminates 230 jobs at a venture with Mitsubishi. Regional Express tumbled 10%.
Feb 10, 2014 8:40 AM ET
Dena Bank net declined 67%. Godrej profit tumbled 64% but revenue climbed 18%. Hindustan Construction won orders worth Rs 725 crore in various business segments. RCom net rose 3% and revenue grew 2%. Sun TV net fell 2%. TV18 net soared. United Bank net swing to a loss.
Feb 07, 2014 12:51 PM ET
Stocks on Wall Street advanced and trimmed weekly and yearly losses after a string of positive earnings reported and construction industry expanded payrolls despite harsh weather conditions in January. Employers added less than expected 113,000 jobs, weak growth for the second month in a row.
Feb 07, 2014 12:35 PM ET
Apple Inc bought back $14 billion of its stock in the last two weeks after earnings release that disappointed investors. Expedia Inc saored 14% after adjusted quarterly earnings were ahead of expectations. LinkedIn fell 6% on weaker than expected sales outlook. Gap Inc jumped 6%.
Feb 07, 2014 11:27 AM ET
Economists were surprised by the smaller than expected increase in January employment data and harsh weather played a key role.
Feb 06, 2014 11:46 AM ET
Twitter Inc plunged 21% after the social networking company reported less than expected monthly active user growth of 30%. Pandora Media dropped 9% after the streaming media estimated weaker than expected outlook. Walt Disney reported higher than expected earnings. GM net was less than forecasted.
Feb 06, 2014 11:39 AM ET
U.S. indexes advanced after investors shifted attention to earnings and weekly jobless claims were lower than expected. European Central Bank left its reference rate at record low of 0.25%.