U.S. Movers: Anadarko, Becton, Emerson Electric, Coca-Cola, YUM!
AGCO fourth quarter net surged to $285.2 million and Anadarko fourth quarter net loss swung to $358 million. Emerson Electric first quarter net slumped 23% to $371 million. Coca-Cola fourth quarter net declined 71% to $1.65 billion.
Greek Worries Drag U.S., Global Indexes; Coca-Cola Net Slumps 71%
The U.S. indexes fell on the ongoing euro zone debt crisis and protracted Greek negotiations. Tensions rose in the Middle East as Western nations accelerate spy activities in Syria and the U.S. freeze Iranian sanctions. Coca-Cola quarterly earnings slu...
Japan Tobacco Lifts Dividend; Toyota Quartely Net Drops 57%
Stocks in Japan traded sideways after Japan Tobacco lifted its annual outlook and Dainippon Screen Manufacturing indicated weak orders in the current quarter. After the close, Toyota Motor reported better than expected unit sales and rising revenues.
YUM! Brands Net Rises; Anadarko, Emerson Electric, Coca-Cola Net Fall
Becton first quarter net dropped 17% to $263 million. Church & Dwight fourth quarter net rose to $63.8 million. Harman International second quarter net rose 12% to $59 million. Magellan Midstream fourth quarter net surged 25% to $110.3 million. YUM! Br...
Glencore, Xstrata in Largest Mining Merger; UBS Net Plunges 76%
European markets edged lower after Greece sold €812.5 million of 6-month bills at lower yields. Glencore and Xstrata reached an agreement to create a $90 billion natural resources group. ArcelorMittal quarterly loss widened.
German Output Falls 2.9%; French Deficit Inches Higher
German production declined, Norwegian manufacturing production rose and French trade deficit increased in December. Swiss foreign exchange reserves drop and Swedish deficit was higher than expected in January.
Australian Rates on Hold at 4.25%, Record Aussie Dollar
Reserve Bank of Australia left its key lending rate on hold as the mining sector revs up spending and inflation remains within the target range. The Australian dollar rose to a record high against the euro and 27-year high against the UK pound. Cochlea...
World Stocks Gyrate With Greece and Iran in Focus
U.S. stocks edged lower in a cautious trading as politicians in Europe struggle to devise Greek debt restructuring. President Barack Obama ordered a freeze on all assets controlled by Iranian government and financial institutions. Oil fell a fraction.
U.S. Stocks Fall, Euro Weakens; Verizon in Video Venture
U.S. index declined after Greek negotiations worries overwhelmed earnings reports. Fidelity National offered to acquire casual restaurant chain O’Charley’s. Video rental services provider Coinstar and Verizon formed a streaming service joint venture.
Greek Negotiations Drag on Labor Reforms; Xstrata, Glencore Merger Talks
European markets eased as all eyes were focused on the Greek negotiations. Political leaders of France and Germany pressed Athens for quick actions and said time is running out as Greek politicians held firm on labor reforms. Xstrata and Glencore are e...
U.S. Movers: CNA Financial, Humana, Loews, Sysco, Towers Watson
CNA Financial fourth quarter net declined 37% to $190 million and Humana fourth quarter net surged 86% to $199 million. HCA Holdings fourth quarter net surged to $1.94 billion. Loews fourth quarter net dropped to $268 million. Sysco second quarter net ...
Humana, Towers Watson Net Rise; Loews, Sysco Net Fall
Hasbro fourth quarter net edged up to $139.1 million. Mercury General fourth quarter net income swung to $79.5 million. Nielsen Holdings fourth quarter net surged to $95 million. Towers Watson second quarter net increased to $66.9 million.
