Asian shares bounce; Tokyo leads region higher
Feb 21, 2014 at 10:32 | Source:
Japanese stocks shot higher on Friday, capping off the Nikkei’s best week so far this year, as the region bounced from Thursday’s weakness. The region took its lead from the U.S., where stocks on Wall Street ignored a mixed batch of economic dat...
Winter storms are threatening to chill US economy
Feb 14, 2014 at 08:41 | Source:
Washington: The winter storms barreling across much of the United States are undercutting the nation's economy just when signs of stronger growth had begun to emerge.Retail sales tumbled in January after a smaller decline in December, the government ...
Blackstone profit doubles, shares up 3%
Jan 30, 2014 at 21:02 | Source:
NEW YORK (MarketWatch) – Blackstone Group LP shares jumped more than 3% in early trading after it reported fourth-quarter profit more than doubled. The private-equity firm reported economic net income was $1.54 billion, or $1.35 earnings per share...
Bharti Airtel profit rises first time in four years
Jan 29, 2014 at 12:00 | Source:
Bharti, which entered Africa in 2010 by paying $9 billion in Zain's loss-making mobile phone assets, has yet to turn a profit there. Bharti Airtel Ltd, India's top phone carrier, missed expectations but still reported its first quarte...
Apple sees worst day in 12 months; Casablanca lifts Cliffs
Jan 29, 2014 at 03:58 | Source:
SAN FRANCISCO (MarketWatch) — Apple Inc. skidded on Tuesday, poised for its worst day in a year, as investors voted with their feet on the tech giant’s latest earnings report while Cliffs Natural Resources Inc. surged after an investment manager...
Despite record in iPhone sale, Apple first-quarter profit flat
Jan 28, 2014 at 17:17 | Source:
The Hindu BusinessLine
Apple’s first-quarter earnings were helped along by the sale of a 51 million iPhones in the period — an all-time quarterly record — but its $13.1 billion net profit was no different than the same quarter the year before. The period...
Apple set to report record holiday, but China doubts stay
Jan 27, 2014 at 13:32 | Source:
Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads. It will, however, continue to draw investor scrutiny over sales in ultr...
Apple set to report record holiday but China doubt persists
Jan 25, 2014 at 04:37 | Source:
Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads. But it will continue to draw investor scrutiny over sales in ultra-com...
Why Reliance Retail is expanding in a slow market
Jan 23, 2014 at 04:47 | Source:
From a quarterly basis, the brass of Reliance Retail, led by Mukesh Ambani's lieutenant Manoj Modi, now assembles for review meetings on a monthly basis. The frequency of meetings might have changed, the modesty hasn't: the presentations still make n...
Telecom — A case of missed calls?
Dec 23, 2013 at 23:47 | Source:
The Hindu BusinessLine
In 2011, Ratan Tata handpicked N. Srinath to head Tata Teleservices Ltd (TTSL), the group’s telecom venture that was nearly written off by analysts and rival operators. Two years later, TTSL has still not risen up to the expectations. Srinath,...
Stocks rally on GDP; Dow has best week since Sept.
Dec 21, 2013 at 09:27 | Source:
NEW YORK (MarketWatch) — U.S. stocks rallied Friday, lifting the Dow Jones Industrial Average and the S&P 500 to record levels, after a government report showed the economy grew at its fastest pace in two years last quarter. The U.S. economy expan...
U.S. stocks aim for record on upbeat data
Dec 20, 2013 at 23:02 | Source:
NEW YORK (MarketWatch) — U.S. stocks rose on Friday as the data revisions showed the economy grew faster than expected in the third quarter, setting the stage for the S&P 500 and the Dow Jones Industrial Average to reach new all-time highs. Invest...
Jabil Circuit slumps in wake of weak results
Dec 18, 2013 at 23:07 | Source:
SAN FRANCISCO (MarketWatch) — Big losses from Jabil Circuit Inc. stood out in the tech sector Wednesday in the wake of the electronics manufacturer giving a negative quarterly report and outlook and saying its was selling one of its businesses. Cl...
Las Vegas Sands gets profit boost from Macau operations
Dec 13, 2013 at 22:47 | Source:
Casino operator Las Vegas Sands has reported a jump in first quarter profit, boosted by a strong performance of its casino operations in Macau. Its net profit rose to $572m (£368m) in the three months to the end of March, up from $498.9m a year earl...
Devon Energy tops S&P on deal talks
Nov 20, 2013 at 04:27 | Source:
SAN FRANCISCO (MarketWatch) — Devon Energy Corp. was the biggest gainer on the S&P 500 Index Tuesday, up 5% on acquisition news. Devon (NYSE:DVN) was nearing a deal to buy GeoSouthern Energy Group for $6 billion, The Wall Street Journal reported...
Energy stocks inch up with refiners taking lead
Nov 19, 2013 at 23:12 | Source:
SAN FRANCISCO (MarketWatch) — Energy stocks edged higher Tuesday, with the broader equity market looking for direction following a record close for the Dow Jones Industrial Average. Big gainers among energy companies in the S&P 500 Index included ...
Yellen, Japanese GDP lift stock futures
Nov 14, 2013 at 17:42 | Source:
LONDON (MarketWatch) — U.S. stock futures pointed to a mostly higher open on Wall Street on Thursday, propelled by optimism ahead of the confirmation hearing for Federal Reserve chair nominee Janet Yellen, which will be monitored for hints on when...
Tata Motors rides on Jaguar unit, Q2 profit up 71%
Nov 08, 2013 at 20:00 | Source:
Tata Motors Ltd, India's biggest automaker by revenue, beat analyst estimates with its first quarterly profit gain in a year as buoyant sales at luxury unit Jaguar Land Rover Ltd got a lift from new models. Tata Motors, part of the $100-billi...
Asian stocks mixed as yen supports Tokyo
Nov 06, 2013 at 17:52 | Source:
Asian stock markets were mixed Wednesday, with Bank of Chongqing struggling in its debut in Hong Kong, while a weaker yen supported shares in Tokyo. Wall Street provided the region with a negative lead overnight as stocks ended mostly lower, after a...
Asian stocks lower ahead of U.S. data
Nov 06, 2013 at 09:57 | Source:
Asian stocks moved lower on Wednesday, as investors stayed cautious ahead of the U.S. labor report and an important political meeting in China at the end of the week. Wall Street provided the region with a negative lead overnight as stocks ended mos...