|
|
|
Google Earnings Rise 92%
Oct 19, 4:12 PM EDT |
|
| Saudi cut of 1 mbpd helped oil to recover one dollar and cross $58 per barrel. Citigroup operating earnings rose 6% but net profit fell 23%. |
|
| Citigroup, Bank of America and Bank of NY reported mixed earnings growth, owever shares of all three stocks fell. Citigroup operating earnings rose 6% on a slight decline in revenue in the third quarter. Bank of America reported earnings of $1.18 vs. 95 cents a year ago on revenue rise of 32%. Bank of NY reported earnings of 46 cents vs 51 cents a year ago. After the close Google reported earnings of $2.36 vs $1.32 a year ago. |
|
|
Full Story... |
Strong Ericsson, Xstrata Offset Weak Nokia, SAP
Oct 19, 1:37 PM EDT |
|
| Automakers also gained sharply as oil traded near weekly lows. Shares of BMW rose 2.3%, Volkswagen rallied 3.6% and shares of Renault improved 1.6%. |
|
| European stock markets finished near the unchanged mark Thursday, as weakness sparked by earnings and sales figures from Nokia, SAP and Nestle was offset by gains from Ericsson and strength among mining stocks. The German DAX 30 closed down 0.1%. The French CAC 40 ended flat at 5,359.74. London FTSE 100 added 0.1% at 6,156.00, helped by resource stocks. |
|
|
Full Story... |
Blue Chips Drive Market Up
Oct 19, 11:43 AM EDT |
|
| Wal-Mart Stores advance 1.2% after the world's largest retailer said it will expand its $4 generic prescription program to 14 other states. |
|
| U.S. stocks reversed from earlier weakness, lifted by better-than-expected earnings of blue chips Coca-Cola Co. and Pfizer Inc., which helped offset concerns about weak results of some tech companies. The Dow broke through the historical height of 12,000 for a second straight day. Coca Cola gained 1.6% on better-than-forecast earnings and revenue. Pfizer gained about 0.9% after reporting 112% earnings jump. |
|
|
Full Story... |
Sensex Dips, Reliance Beats, Tata and Corus
Oct 19, 10:50 AM EDT |
|
| Sensex dips on weak resutls from Bajaj Auto.Reliance reports 19.40 rupees per share third quarter earnings. Corus is reported to accept Tata bid. |
|
| The Sensex finished lower for a third straight day in a highly volatile trading on Thursday. Profit-booking emerged on the market, as a consequence of weak results from some large-caps. Bajaj Auto led the decline as its earnings results failed to meet market expectations. Reliance Communication, Ranbaxy and ITC were the other main decliners. Grasim led the advancers as its results exceeded expectations. Indian economy will continue to grow at 8% annually. |
|
|
Full Story... |
AMD Drives Market Lower
Oct 19, 10:11 AM EDT |
|
| The index of leading economic indicators rose 0.1% in September after falling in July and August. |
|
| Stocks opened weaker Thursday as investors were cautious amid mixed results from tech stocks like Apple Computer Inc. and Advanced Micro Devices Inc. Advanced Micro Devices plunged 11.6% after its results raised worries about falling profit margins. Mobile telephone maker Nokia Corp. dropped 3.12% on disappointing Q3 profit. At the same time, Apple jumped 6.6% on strong Q4 earnings, driven by iPod sales rise. |
|
|
Full Story... |
Prudential Leads London Lower
Oct 19, 9:54 AM EDT |
|
| Losses in the financial sector pushed the FTSE lower as Prudential blamed its Internet bank Egg for second-quarter loss. |
|
| The FTSE 100 succumbed to weakness in the banking sector and oil stocks despite strength in pharmaceutical shares. Banks led decliners as takeover talk subsided and credit quality fears emerged. News from Prudential showed that the credit quality trends have worsened a little, so it might affect sentiment on UK banks. Pharmaceuticals were the main advancers after Swiss companies Serono and Novartis reported stronger-than-expected earnings results. By mid morning, the FTSE 100 lost 0.2%. |
|
|
Full Story... |
Pfizer Earnings Soar 112%
Oct 19, 9:07 AM EDT |
|
| The Labor Department said that the number of people filing claims for unemployment benefits fell by 10,000 last week to the lowest level in 3 months. |
|
| Stock futures settled near the flat line, reflecting mixed results in the tech sector, offset by better-than-expected results from Bank of America, Citigroup and Coca-Cola. Citigroup said its Q3t fell 23%, Bank of America topped forecasts with a 41% profit rise, and Coca-Cola also exceeded views with a 14% profit rise. Pfizer said its Q3 profit soared 112%. Revenue rose 9%to $12.2 billion, beating estimates. |
|
|
Full Story... |
iPod Boosts Apple Profit 27%
Oct 19, 8:12 AM EDT |
|
| Apple Computer Inc. reported Q4 profit increase of 27%, boosted by strong sales of its iPod and Macintosh computers. |
|
| Apple posted earnings of $546 million, or 62 cents per share, up from $430 million, 50 cents per share last year, easily beating expectations of 51 cents a share on sales of $4.66 billion. Revenue for the quarter jumped 32% to $4.84 billion. Apple said that for the quarter it shipped 8.7 million iPods, 35% more from the year-ago period and 1.6 million computers, up 30% from a year earlier. |
|
|
Full Story... |
Semiconductors Hurt Japan
Oct 19, 7:35 AM EDT |
|
| Asian markets finished lower Thursday, with the Nikkei index dropping although gains by Sony compensated for weakness in semiconductor sector. |
|
| Asian stocks traded mixed Thursday, with the Nikkei in Japan declining on poorresults from chip-equipment makers such as Advantest Corp, while shares of Nissan Motor Co. lost ground after the automaker announced a global recall affecting 130,000 vehicles. Hong Kong also fell, as well as Taiwan, South Korea ended flat, while Singapore bucked the trend and advanced. |
|
|
Full Story... |
Earnings Pressure European Stocks
Oct 19, 6:48 AM EDT |
|
| European markets were under pressure on Thursday, as weak earnings reports weighed upon sentiment. |
|
| Traders are also expecting US data and a possible agreement on production cuts by OPEC members. SAP and Ericsson were in focus, while Atos Origin was the subject of speculations that Blackstone, a US private equity firm was considering a takeover of the French information technology company. The U.K. FTSE 100 index sank 0.5%, the French CAC-40 index was 0.5% lower, and the German DAX Xetra 30 index declined 0.4%. |
|
|
Full Story... |
1
2
 |
|
