World Markets Archive Annual Report

Australia Announces $5.6 Billion Flood Relief Package

Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche

Nikkei Gains; Japan Trade Surplus Surges 153% in 2010

Japanese stocks closed higher ahead of earning outlook and U.S. economy. Trade surplus surges 153.4% to 6.77 trillion yen in 2010. Canon Inc full year net surges 87% to 246.6 billion yen. Toyota recalls 245,000 Lexus cars in the U.S.

Shanghai Index Gains 1.5%; Property Curbs Tightened Further

Shanghai stocks gained by nearly 1.5% while the key stock index in Hong Kong dropped on Wall Street concerns. China increased the upfront payment for second home buyers from 50% to 60% to cool prices. NRDC fines retail giants Carrefour and Wal-Mart for overpricing at check-out point.

Sensex Drops 1.5% on Inflation; India and Indonesia Target $25 Billion Trade

Stocks in Mumbai tumbled 1.5% after the release of the latest weekly wholesale data. India and Indonesia set a bilateral trade target of $25 billion by 2015. SpiceJet said third quarter net declined 13% to $21 million from a year ago.

U.S. Movers: Citrix, Netflix, Murphy Oil, Motorola Mobility

AT&T; fourth quarter revenues rose 2.1% to $31.36 billion. Colgate-Palmolive fourth quarter sales rose 15% to $3.6 billion. Lockheed Martin fourth quarter sales rose to $12.8 billion. Starbucks first quarter total net revenue rose 8% to $3.0 billion. P&G; second quarter net ales grew 1.5%to $21.35 bn.

UK Home Prices Slide; BSkyB Profit Soars, AstraZeneca Net Rises

The UK indexes edged higher after home prices fell for the seventh straight month and retail sales growth slowed in January. Ireland retail sales dropped in December. WPP acquired majority stake in Ogilvy South Africa. BSkyB profit soared and AstraZeneca net rose.

U.S. Movers: Altera, Juniper, Legg Mason, Yahoo

Abbott fourth quarter net sales increased 13.4% to $9.97 billion. General Dynamics fourth quarter revenue rose 8.9% to $8.6 billion. The Boeing fourth quarter revenue rose 8% to $16.55 billion. Valero fourth quarter revenue rose to $22.16 billion. Yahoo fourth quarter revenue fell 12% to $1.53 bn.

European Indexes Advance; Nokia, Novartis Profit Decline

The European indexes climbed after euro-zone economic sentiment index fell and German inflation rose in January. French unemployment rose in December and consumer confidence dipped in January. Spanish retail sales declined in December. Nokia net falls.

U.S. Indexes Higher; AT&T;, Colgate-Palmolive, P&G; Net Drops

The U.S. indexes gained after the Fed maintained bond purchase plan and left key rates near zero. ProLogis confirmed merger discussions with AMB. PepsiCo got Russian regulatory approval for Wimm-Bill-Dann acquisition. Procter & Gamble net declines.

UK Indexes Climb; Home Purchase Loan Approvals Fall

The UK indexes rose after the Bank of England policy makers split on rates. The UK home purchase loan approvals declined in December. Irish trade surplus increased in November. WPP increased stake in Mindshare South Africa.

Caterpillar Q4 Earnings Call Transcript

Revenues fell 39% to $7.9 billion & net profit fell 65% to $232 million or 36 cents per diluted share. Machinery and Engines operating cash flow was about 3 billion in 2009. Redundancy costs should be favorable compared with 2009. While redundancy costs were $706 million in 2009.

Siemens AG Q1 Earnings Call Transcript

Revenues fell 11% to €17.4 billion & net profit rose 23% to €1.48 billion or €1.68 a share. Strong profitability & further progress in working capital management drove operating cash flow to €1.1 billion. Important regions like China and India showed 8% and 15% organic revenue growth year-on-year.

Eaton Corp. Q4 2009 Earnings Call Transcript

Sales fell 10.3% to $3.13 billion and net income rose 29.4% to $211 million or $1.25 a share. Strong continued margins in this business, 15.2% in the quarter. Operating EPS declined by 62%. This is compared to 2008. Then the change in operating EPS came down by some 72%.

1-800-Flowers.com Q2 Earnings Call Transcript

Revenues fell 5.2% to $238.5 million and net income was $15.3 million or 24 cents per diluted share. Gross margin increased 180 basis points to 41.8% compared with 40% in the prior-year period. Cash and investments position was $46.4 million compared with $51 million a year ago.

Union Pacific Q4 Earnings Call Transcript

The largest railroad operator in North America reported a 12% drop in revenue to $3.75 billion and a 16.6% drop in net income to $551 million due to recession which was offset to some extent by lower expenses. Earnings per share came in at $1.08 as against $1.31 in the prior year period.

Techs Lead U.S. Indexes Lower; Dollar Gains

Stocks in New York and Asia declined but indexes in Europe closed higher. Tech stocks led the decliners on the weaker than expected prospects of earnings growth. U.S. consumer confidence declined and the dollar edged higher.

Metals Weakness Drag Australian Stocks

Stocks in Australia closed lower after a weakness in metals prices. Investors also worried that weak job market in the U.S. will forestall global economic recovery. More home owners struggle to pay mortgages as Australian home prices surge. New Zealand budget deficit increases.

Japan Indexes Drop 2%, Chipmakers Plunge

Stocks in Japan declined on the worries that earnings at chip companies will be lower. Toyota also halted sales in North America of eight models and recalled as many as 1.8 million cars in Europe. Advantest Corporation led the decliners in the Nikkei 225 Stock Average with a loss of 10.2%.

Spain Deficit of 11.4%; European Markets Up

European markets indexes closed higher. Greek bonds rebounded. Spain estimated 2009 deficit of 11.4% and said it will be trimmed to 3% by 2013. Spain also increased retirement age to 67 from 65. Bulgari SpA fourth quarter revenue falls 5% to €297 million. Infineon Technologies swings to profit.

UK Home Prices Rise; Connaught Plunges 11%

UK home prices in January edged up 1.2% and are now only 12% lower than their peak in October 2007. Consumer confidence index edged higher in January after dropping for three months in a row. Connaught Plc plunged 11% after its chief executive stepped down.

Another Record High for S&P; 500, U.S. Growth Estimate Lowered to 2.4%

U.S. indexes scaled to fresh highs after the consumer confidence index improved. U.S. lowered its economic growth estimate in the fourth quarter to 2.4%. Monster Beverage reported better than expected sales. Citigroup lowered 2013 earnings on fraud in Mexico.

Dril-Quip Soars; Arena Pharma, Salesforce, Southwestern Energy Fall

Arena Pharma net loss in the quarter widened but revenue surged. Dril-Quip surged after revenue and profit climbed. J.C. Penney net swung to a profit. Salesforce.com said net loss widened but revenue climbed. Southwestern Energy net swung to a profit.

Europe Earnings: Andritz, Old Mutual, Pearson, Rightmove

Andritz net plummeted 73% but the new and backlog of orders surged. Old Mutual net tumbled 33% to £983 million and plans to spin-off its U.S. business. Pearson profit surged 73% to £538 million. Rightmove profit jumped 19%.

Nikkei in Tokyo Slips, Japan Post Unveils Investment Plan

Stocks in Tokyo edged lower and the Nikkei closed down 0.2% for the week and fell 0.9% in the month. Itochu, the first Japanese company took a stake in water utility in Spain. Japan Post unveiled an investment plan for the next three years.

Earnings Lift Australian Indexes 4% in Feb, Woolworths Up 6%

Australian stocks struggled for the second day after the release of weak capital spending outlook. However, better than expected earnings lifted the indexes by 4% in February. Woolworths reported best first-half year results in three years and lifted full-year outlook.

India Movers: Bharti Airtel, Bosch, L&T;, M&M;, Tata Power, Titan

Bharti Airtel fined $4 million by the Nigerian telecom regulator. Bosch net declined 19%. L&T; won new orders worth Rs. 5,220 crore. M&M; profit fell 2% but revenue jumped 8%. Tata Power sells its 30% stake in Indonesia based power subsidiary. Tech Mahindra acquired BASF IT.

Yellen Comments Lift Sentiment, Durable Goods Orders Fall 1%

U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000.

Yen Advances 0.3%, Sony Electronics to Cut One Third Staff

Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs.

Best Buy, Mylan, Sears Jump; Hilton Slips

Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl”s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed.

Australian Capital Spending Falls 5.2%, Qantas Cuts 5,000 Jobs

Australian stocks declined after December quarter capital investment fell more than expected 5.2%. The spending is expected to fall further in the current quarter. Qantas confirmed its plan to trim 5,000 jobs

Yellen Comments Supports Market Rise, Euro Inflation Drops to 40-Month Low

U.S. stocks gained and market indexes advanced after Fed Chairwoman offered strong support for the economic stimulus. The tone of the support was welcomed by investors but Yellen’s comments lacked details. Euro zone inflation dipped to the lowest level since November 2009.

J&J; Sells Ortho-Clinical unit for $4 B to Carlyle

AT&T; directors authorized 300 million shares repurchase plan. Cal-Maine net surged 39% and sales climbed 10%. InterOil net swung to a loss. J&J; agreed to sell its Ortho-Clinical unit to Carlyle Group for $4 billion. UTi Worldwide net loss narrowed.

Europe Update: Babcock, Glencore, ING Groep, Quindell, Telekom Austria

Babcock won £7 billion contract to decommissioned 12 nuclear plants. Glencore signed a port expansion agreement worth $1 billion with Mauritania. ING Groep paid €1.23 billion to Dutch government and plans to resume dividend payments Austria and American Movil.

Nikkei Leads World Markets in Quarterly Loss, Japan Output Falls

Market indexes extended a weeklong rally and industrial output declined 2.3% in February. The latest output data was among a series of economic statistics highlighting weak economic activities in Japan. Japan is set to increase its first sales tax since 1997.

Australian Index Struggle in First Quarter, Seven and Nexus in Merger Talks

Market indexes in Australian gained 0.5% today, rose 0.2% in the month and gained 0.8% in the first quarter. Seven Group is set to takeover Nexus Energy for $423 million. Ten Network Holdings reported its worst market share last night.

India Movers: Bhel, GMR, Jain Irrigation, L&T;, Suzlon, Tata

Bharat Heavy secured contract worth Rs 125 crore in Uttarakhand. GMR Group filed for initial public offering for its energy unit. Jain Irrigation plans to sell a stake in the food-processing unit to private equity funds. L&T; unit won new orders worth Rs 1,009 crore.

BlackBerry, Finish Line Climb; Caesars, Red Hat Fall

Accenture net plunged 40% but lifted fiscal outlook. BlackBerry net swung to a loss. Caesars sold 7 million shares. Finish Line jumped after profit and revenue surged. Fred”s net plummeted 39%. Red Hat net in the quarter jumped 6%.

U.S. Stocks Rise on Inflation, Spending and Confidence Data

U.S. stocks trimmed weekly losses and tech stocks rebounded. Consumer spending increased for the second month in a row and annual rate of inflation to February month eased to 0.9%. Consumer confidence index dropped less than expected.

UK Insurers Tumble on Pension Reforms and Inquiry

Deutsche Wohnen profit surged 46% and sales climbed 55%. Intesa Sanpaolo annual net swung to a loss €4.55 billion as fourth-quarter loss widened. U.K. insurance companies tumbled after a regulator plans to investigate the sale of 30 million policies between 1970s and 2000.

Nikkei Extends Weekly Gain, Yahoo Japan to Launch Wireless Service

The Nikkei index gained 0.5% and extended weekly advance to 3.3% but plunged more than 9% in the quarter. Yahoo Japan will launch its wireless service after the purchase of eAccess for $3.2 billion. Core inflation rate in Japan was unchanged at 1.3% in February and retail sales jumped 3.6%.

Australia Announces $5.6 Billion Flood Relief Package

Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche

Nikkei Gains; Japan Trade Surplus Surges 153% in 2010

Japanese stocks closed higher ahead of earning outlook and U.S. economy. Trade surplus surges 153.4% to 6.77 trillion yen in 2010. Canon Inc full year net surges 87% to 246.6 billion yen. Toyota recalls 245,000 Lexus cars in the U.S.

Shanghai Index Gains 1.5%; Property Curbs Tightened Further

Shanghai stocks gained by nearly 1.5% while the key stock index in Hong Kong dropped on Wall Street concerns. China increased the upfront payment for second home buyers from 50% to 60% to cool prices. NRDC fines retail giants Carrefour and Wal-Mart for overpricing at check-out point.

Sensex Drops 1.5% on Inflation; India and Indonesia Target $25 Billion Trade

Stocks in Mumbai tumbled 1.5% after the release of the latest weekly wholesale data. India and Indonesia set a bilateral trade target of $25 billion by 2015. SpiceJet said third quarter net declined 13% to $21 million from a year ago.

U.S. Movers: Citrix, Netflix, Murphy Oil, Motorola Mobility

AT&T; fourth quarter revenues rose 2.1% to $31.36 billion. Colgate-Palmolive fourth quarter sales rose 15% to $3.6 billion. Lockheed Martin fourth quarter sales rose to $12.8 billion. Starbucks first quarter total net revenue rose 8% to $3.0 billion. P&G; second quarter net ales grew 1.5%to $21.35 bn.

UK Home Prices Slide; BSkyB Profit Soars, AstraZeneca Net Rises

The UK indexes edged higher after home prices fell for the seventh straight month and retail sales growth slowed in January. Ireland retail sales dropped in December. WPP acquired majority stake in Ogilvy South Africa. BSkyB profit soared and AstraZeneca net rose.

U.S. Movers: Altera, Juniper, Legg Mason, Yahoo

Abbott fourth quarter net sales increased 13.4% to $9.97 billion. General Dynamics fourth quarter revenue rose 8.9% to $8.6 billion. The Boeing fourth quarter revenue rose 8% to $16.55 billion. Valero fourth quarter revenue rose to $22.16 billion. Yahoo fourth quarter revenue fell 12% to $1.53 bn.

European Indexes Advance; Nokia, Novartis Profit Decline

The European indexes climbed after euro-zone economic sentiment index fell and German inflation rose in January. French unemployment rose in December and consumer confidence dipped in January. Spanish retail sales declined in December. Nokia net falls.

U.S. Indexes Higher; AT&T;, Colgate-Palmolive, P&G; Net Drops

The U.S. indexes gained after the Fed maintained bond purchase plan and left key rates near zero. ProLogis confirmed merger discussions with AMB. PepsiCo got Russian regulatory approval for Wimm-Bill-Dann acquisition. Procter & Gamble net declines.

UK Indexes Climb; Home Purchase Loan Approvals Fall

The UK indexes rose after the Bank of England policy makers split on rates. The UK home purchase loan approvals declined in December. Irish trade surplus increased in November. WPP increased stake in Mindshare South Africa

U.S. GDP Growth Stalls, As Promised Fed Trims Bond Purchases

U.S. growth slowed to 0.1% in the first quarter as harsh winter weather affected investment plans and exports declined. Personal consumption has been driving the economic growth but stagnating wages and weak employment is likely to keep the economic growth in check. Fed trims bond purchase again.

International Paper Rises; eBay, Exelon, Glaxo, Twitter Decline

eBay net swung to a loss but sales soared 14%. Exelon net swung to a profit and revenue climbed 19%. Glaxo profit plunged after sales declined. International Paper net swung to a loss. Time Warner profit climbed 71%. Twitter net loss widened.

Europe Earnings: BBVA, Daimler, Glaxo, Heritage Oil, Total

BBVA net tumbled 64% to €624 million and revenue slid 7%. Daimler net surged 93% to €1.09 billion and revenue climbed 13% to €29.5 billion. Glaxo net plunged 30% to £719 million. Heritage surged after takeover offer. Total SA profit surged but sales dropped.

Daiwa, Nomura, JAL Earnings in Focus in Japan

Nikkei index in Tokyo close higher and investors focused on domestic earnings. Daiwa Securities and Nomura Holdings reported a sharp jump in annual earnings. Fujitsu Limited quarterly net swung to profit. Japan Airlines annual net revenues increased 5.7%.

Australia: Aurizon Net Falls, Woolworth Sales Rise 5.3%

In active trading, Australian stocks edged lower and the Aussie dollar held firm. Aurizon Holdings transported 11% more in the third-quarter but net declined. Woolworths third-quarter sales increased 5.3%.

India Movers: Bharti Airtel, BASF, CEAT, Kotak, Marico, Welspun

Alstom T&D; net climbed 17%. Bharti Airtel net and sales surged. BASF India net tumbled 51% but sales soared. CEAT net fell 4%. Kotak Mahindra profit dropped 7%. Shriram Transport Finance net declined 18%. Welspun net surged.

Cummins, Merck Jump; ADM, Bristol-Myers, Coach, Rockwell Drop

Archer Daniels net fell and sales dropped 5%. Bristol-Myers profit surged 54% but revenues slid. Cummins net declined 7% but revenues climbed 12%. Coach net and sales plunged. Merck profit slipped 7.5%. Rockwell net and sales jumped. Valero net climbed 27%.

ABB, Deutsche Bank Net Drop; BP, Whitbread Profit Surge

ABB net declined 18% and revenue dropped 3%. BP net surged 229% to $3.6 billion. Banco Santander profit rose 8% to €1.3 billion but revenue fell 5%. Deutsche Bank profit tumbled 34% to €1.08 billion after revenue plunged 11%. Infineon Tech net surged. Whitbread profit jumped.

U.S. Stocks Advance on Earnings and Ahead of Fed Decision

U.S. stocks opened higher after consumer confidence index eased in April and metropolitan home price index was flat. Iron ore prices in China declined and dragged markets in Europe and Asia.

Iron Ore Prices Drop 8% in April as China Curbs Lending

Iron ore prices extended decline by 2% in China and dropped 8% in the month and fell 17% in the year so far. Chinese banks also tightened the lending conditions for ore purchase as inventories shot up 25% to 110 million tons. Resource stocks led the market decliners in Sydney trading.

Stocks Pause on Wall Street, Consumer Spending Eases

U.S. stocks meandered and consumer spending declined for the first time in a year in April. Consumer sentiment index was revised lower in May. European markets looked ahead to additional monetary stimulus. Resource stocks declined on the second weekly decline in iron prices.

Big Lots, Genesco, OmniVision Climb; Infoblox, Lions Gate, Splunk Plunge

Big Lots net plunged 70%. Genesco net fell 3% but revenue jumped 6%. Guess net swung to a loss on 5% decline in sales. Infoblox tumbled after net loss widened. Lions Gate plunged 12%. OmniVision profit surged 70%. Splunk net loss widened.

Europe Earnings: Fenner, Salamander Energy, Urban&Civic;, Westminster

Fenner plunged on earnings outlook. Salamander Energy climbed on Spanish takeover speculation. Urban&Civic; net swung to a loss. Westminster Group said net loss in the year widened.

Reported Inflation in Japan Picks Up, Nikkei Falls 0.3%

Stocks in Tokyo slipped on Friday and for the week the Nikkei Stock Average increased 1.2%. The yen held firm. The latest measure of inflation tracked by the government in April showed the largest jump since 1991.

Second Weekly Decline in Iron Prices, Australian Stocks Falter

Australian market indexes declined on Friday and for the week closed unchanged after spot iron ore prices traded below $100 per ton for the second week in a row. The RBA said total credit increased 0.5% in April. Lynas Corp completed $40 million stock offering.

India Movers: BHEL, Cipla, DLF, L&T;, M&M;, ONGC, Sun Pharma, Tata

BHEL net and revenue plunged. Cipla profit dropped 6%. DLF net swung to profit. L&T; net surged 69%. M&M; profit edged up. ONGC net surged 44%. Power Grid Corp profit jumped. Sun Pharma profit soared 57%. Tata Chemicals net loss widened and Tata Motor net rose 0.7%.

Abercrombie, Palo Alto, Sanderson Farms Jump; Tech Data Drops

Abercrombie net loss widened after sales fell. Costco net rose 3% and sales climbed 7%. Chico”s profit jumped 6%. Palo Alto net loss widened but revenue soared 49%. Pall net surged 21%. Sanderson Farms profit climbed 14%. Tech Data net plunged 24%.

Europe Earnings: Kingfisher, Man Group, Paypoint, Severn Trent, Tesco

Helical Bar profit and revenues surged. Kingfisher net soared 19% to £142 million. Man Group is in talk to acquire Numeric Holdings. Paypoint profit climbed 11% to £36 million. Severn Trent net surged 99% to £435 million. Tate & Lyle net was flat on sales dropped 3%.

Stocks on Wall Street Zigzag, Weekly Jobless Claims Fall

U.S. stocks opened higher and weekly jobless claims declined 27,000. The U.S. economy shrank at annual pace of 1% in the second estimate after the impact of winter freeze was deeper than expected.

U.S. GDP Contracts on Deeper Winter Slowdown

The U.S. gross domestic product in the first three months on 2014 declined at 1% annual compared to first estimate of 0.1% increase, the Commerce Department reported today.

PPG and Linn Energy Deals; TreeHouse Buys Flagstone Foods

MannKind jumped on FDA approval. Kindred Healthcare will clear to buy Gentiva Health Services. PPG agreed to buy Consorcio Comex for $2.3 billion. Linn Energy acquired five assets of Devon Energy for $2.3 billion. TreeHouse Foods purchased Flagstone Foods for $860 million.

BNP Nears $9 B Settlement with the U.S., Ineos in €1.1 B Deal

Ineos acquired remaining 50% stake of BASF’s Styrolution for €1.1 billion. Mecom acquired De Persgroep for £196 million. Philips merge its lumileds and automotive lighting businesses. Saab agreed to buy submarine shipyard from ThyssenKrupp. TUI plans to merge its U.K. tour operator unit.

S&P; 500 Set to Stretch the Longest Quarterly Gain in Sixteen Years

Stocks on Wall Street traded sideways on the last day of the quarter and the benchmark S&P; 500 index is set to stretch the longest string of quarterly gains in sixteen years. Crude oil and copper declined. Pending sales of existing homes in the U.S. rose the most in four years.

Nikkei Trims Losses in the First- Half, Industrial Output Rises 0.5% in May

Stocks in Tokyo extended the rebound in the quarter but indexes fell 6.9% in the first-half. Industrial output rose 0.5% in May and the economy is expected to shrink sharply after a surge in first quarter growth rate on the planned sales tax hike in April.

Australian Index Gains 0.7% in First-Half, Bank Loans Rise 0.4% in May

The ASX 200 dropped 1.8% and for the quarter gained 0.5% and for the first-half increased 0.7%. Total loans issued by banks increased 0.4% in May driven by 0.5% increase in loans to households and 0.2% rise in business loans. Woolworths offered its final offer for Country Road.

India Movers: Cipla, Havells India, IOB, Inox Leisure, ONGC, Torrent

Cipla acquired 51% stake in generic pharmaceutical business in Yemen. Indian Overseas Bank plans to raise Rs 1,200 crore or $200 million. Inox Leisure chain is in talks to buy Satyam Cineplexes for $36 million. ONGC plans to invest nearly $900 million in an offshore oil field near Mumbai.

Nike Net Rises 5%, KB Home Returns to Profit

AZZ net edged up on 18% increase in revenues. Commercial Metals net soared 25%. Finish Line profit surged 144% on 15% increase of revenue. KB Home net swung to profit after revenue climbed 8%. Nike jumped 5%. Sikorsky won contract worth $1.28 billion.

U.S. Stocks Keep Downward Bias After Peaks Last Week

Stocks on Wall Street searched for direction and indexes traded lackluster lacking catalysts. Market indexes in Europe closed higher as Italy struggled with rising debt yield levels. GoPro trades higher on the second trading day. Oil retains an upward bias.

Europe Movers: Imagination Technologies, Obtala Resources, Stanley Gibbons

Intel Capital sold its 9% stake in Imagination Technologies. Obtala Resources profit surged to £40.4 million. Rolls-Royce may supply new engines to Airbus Group. Stanley Gibbons profit plunged 49% while revenue soared 45%.

Sharpest Increase in Inflation in Japan in 32 Years

Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.

U.S. Indexes Drop 2%, Whole Foods Market and Exxon Mobil Decline

U.S. market indexes declined sharply after weekly initial jobless claims rose 23,000 to 302,000 and Exxon Mobil and Whole Foods Market reported weaker than expected quarterly announcements. Target appointed Pepsi executive as new CEO.

Cigna, ConocoPhillips, Helmerich & Payne, Kellogg Decline

Apache net plunged 50% and revenue declined 19%. Becton Dickinson profit climbed 8%. Cigna net soared 13%. ConocoPhillips quarterly net was flat but revenue jumped 4%. DirecTV net surged 22%. Helmerich & Payne net plummeted 28%. Kellogg profit tumbled 16%. MasterCard net climbed 10%.

Japan Indexes Fall on Weak Earnings from Nintendo, Panasonic

Topix index in Tokyo closed lower for the first time in five days after several companies missed earnings estimates. Sumitomo Mitsui Financial Group reported smaller than expected decline in earnings. Mitsubishi Heavy Industries said quarterly net soared 65%.

Europe Earnings: adidas, BNP Paribas, Lloyds Banking, Weir

adidas plunged 16% after the footwear lowered annual profit estimate. BNP Paribas net swung to a loss of €2.6 billion. Lloyds Banking profit tumbled 56% to £699 million. Weir net declined 6% from a year earlier to £117 million.

Australian Building Approvals Surge for the Second Month

Australian stocks powered ahead on the stronger than expected building approvals. Iron ore prices remained weak but the U.S. Fed trimmed its monthly bond purchase program by $10 billion.

ICICI Bank, Maruti Suzuki, Torrent Net Soar; NTPC Net Plunges

Aban Offshore net doubled. ICICI Bank profit soared 17%. Maruti Suzuki net jumped 21% on 12% increase of sales. NTPC net plunged 13% but sales soared 15%. Mahindra Lifespace net and revenue surged. Torrent Pharma net climbed 72%.

U.S. GDP Rebounds 4% After Harsh Winter Quarter

The first estimate of the U.S. economic growth in the second quarter came in at 4%, reversing the revised contraction of 2.1% in the winter quarter. The increase in inventories, rising cosumer spending and expansion in government spending at all levels contributed to the surge in annual rate.

Stocks on Wall Street Trade Lower Despite Second Quarter Economic Rebound

Stocks on Wall Street edged lower after the initial estimate of the second quarter economic growth came in at 4%. Markets turned lower ahead of Fed statement in the next hour and corporate earnings were mixed. Twitter soared 21% on larger than expected advertising revenues.

Amgen, Twitter Soar; CBRE, Humana, Rockwell Drop

Amgen net and revenue climbed. CBRE Group net soared 51%. Humana net tumbled 18% but revenue surged 18%. Rockwell Automation net slid 2% and revenue rose 2%. Twitter advertising revenue more than doubled. WellPoint net declined 9%.

AstraZeneca Acquires Almirall for $2.1 B, Barclays, Bayer, ITV, Net Soar

AstraZeneca agreed to acquire Spain-based Almirall for $2.1 billion. Barclays profit soared 68% to £1.1 billion but revenue plunged 12%. Bayer net climbed 13% to €953 million. ITV profit surged 40% to £250 million. Travis Perkins net jumped 16% to £123 million.

Burger King Agrees to Acquire Tim Hortons for $11 Billion

Burger King Worldwide Inc agreed to acquire Tim Hortons Inc for C$12.5 billion or $11.4 billion in a deal partly financed by Warren Buffett’s Berkshire Hathaway Inc.

U.S. Stocks Extend Gains on Durable Goods Orders Surge

Stocks on Wall Street rose after durable goods soared in July and consumer confidence index jumped to the most since October 2007. Burger King agreed to acquire Tim Hortons for $11 billion in a deal financed by Warren Buffett.

DSW, Daktronics Climb; Best Buy, Movado, Sanderson Farms Decline

Best Buy net tumbled 45%. Bank of Montreal net was flat despite revenue jumped. DSW net rose 2%. Daktronics net climbed on 20% increase of revenue. Movado net slipped but revenue grew. Sanderson Farms profit jumped 12%. Tech Data net more than doubled.

UTV Media, WPP Net Surge; Antofagasta, Petrofac Net Plunge

Antofagasta net plunged 16% after revenue declined 4%. Petrofac profit tumbled 44% and revenue plunged 11% but backlog surged 35% to $20 billion. Regus declined 5% to £25 million. UTV Media profit climbed 132% and revenue soared. WPP profit surged 26% to £396 million.

Market Indexes in Japan Inch Closer to Erasing Yearly Losses

The Topix and Nikkei indexes in Tokyo declined and the yen eased after rising for two weeks in a row. Nikkei slipped 0.6% and the Topix eased 0.5%. E-Seikatsu, the cloud services provider said quarterly net surged.

Australian Indexes Trim Losses Ahead of CapEx Data

Australian market indexes trimmed losses and weaker commodities prices dragged resource stocks for the second day in a row. Investors awaited the release of capital expenditure data tomorrow after March quarter spending decreased 4.2%.

Suzlon Energy Plans $700 M Bond Offering, Havells to Split Stock

Havells India surged after announcing a stock split for 1-for-5. L&T; signed a contract in Bangladesh for Rs 1,210 crore. Suzlon Energy plans to raise Rs 4,000 crore through the foreign currency convertible bonds. Shree Cement net dropped. Tech Mahindra gained on higher outlook.

Roche Agrees to Acquire InterMune for $8.3 B, LSE Profit Surges

Atlas Mara agreed to acquire 50.1% controlling stake in the Africa based BancABC. London Stock Exchange profit surged 64% to £70 million. Phorm Corp net loss narrowed after revenue surged to $529 million. Roche agreed to acquire U.S.-based InterMune for $8.3 billion.

Ann Surges on Takeover Speculation, Roche and InterMune in a Deal

Ann Inc soared 6% on takeover speculation. Burger King is in talks to acquire Canada-based doughnut-and-coffee chain Tim Hortons. Goldman Sachs agreed to settle mortgage-backed securities in $1.2 billion. Roche agreed to acquire InterMune Inc for $8.3 billion in cash.

S&P; 500 Nears 2,000 and European Markets Await Stimulus Measures

U.S. market indexes traded higher and European markets advanced. ECB President Mario Draghi signalled willingness to announce more monetary steps to revive economic growth in the eurozone. The euro traded lower and French government collapsed

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