|
|
|
Day's Gain Lost on Nasdaq Fall
Oct 11, 9:51 PM EDT |
|
| Apple Q4 earnings 50 cents vs. 13 cents a year ago. Apple stock fell 10%. Advanced Micro deliver 18 cents vs. 12 cents a year ago. |
|
| FOMC minutes revelaed little that surprised the market. The minutes noted that the aggregate demand is strengthening and rising energy prices are contributing to inflation pressures. Infosys quarterly earnings rose 36% on the strength in European outsourcing contracts. Gannett earnings dropped 4% on weakness in broadcasting advertising revenue. |
|
|
Full Story... |
Crude Oil above $63
Oct 11, 1:40 PM EDT |
|
| Inco offered to buy Falconbridge for $11 billion. Gannett posted Q3 earnings decline, but met estimates. Infosys reported 36% profit growth in Q3. |
|
| Gannett, media company, posted Q3 earnings decline of $1.13 a share vs. $1.16 a year ago, meeting analysts’ estimates.Infosys Technologies, India’s second-biggest software exporter, reported Q3 36% profit increase to $137.7 million and raised its full-year earnings outlook. |
|
|
Full Story... |
Inco to Buy Falconbridge for $11 B
Oct 11, 11:55 AM EDT |
|
| Oil prices rose over $62 a barrel on IEA report. Inco Ltd offered to acquire Falconbridge Ltd. |
|
| U.S. market averages opened in the positive on the back of strong Q3 earnings reports.Alcoa reported Q3 better-than-expected earnings of 33 cents a share, beating estimates of 29 cents. Genentech, biotechnological company, announced Q3 net earnings of 33 cents a share, up from 21 cents a share last year on operating revenue growth, topping analyst estimate of 30 cents. |
|
|
Full Story... |
Alcoa and Genentech Lift Markets
Oct 11, 8:48 AM EDT |
|
| Oil prices rose over $62 a barrel on IEA report. Gold traded over $475, reaching a 17-year high in Europe. The dollar was down against the yen. |
|
| Asian markets closed mostly higher with the Nikkei rising 2.5% after the long weekend on strong machinery and bank stocks. European stocks were also higher at mid-day , led by the German DAX 30, up 0.7%. Alcoa reported Q3 better-than-expected earnings of 33 cents a share, beating estimates of 29 cents. Genentech, biotechnological company, announced Q3 net earnings of 33 cents a share, up from 21 cents a share last year on operating revenue growth, topping analyst estimate of 30 cents. |
|
|
Full Story... |
1
 |
|
