Experian Net Up; Scottish and Southern Sales Down 15%
Experian PLC fiscal year 2010 revenues rose 0.3% to $3.88 billion and net profit rose 23.5% to $600 million or 58.1 cents a share. Scottish and Southern Energy plc fiscal year 2010 revenues fell 15% to £21.6 billion and net profit rose 1,000% to £1.24 billion or 133.9 pence a share.
REC Net Rises; Chennai Petroleum Net Loss
Rural Electrification Corporation Limited fourth quarter sales rose 34.3% to Rs 1,796 crore and net profit rose 44.6% to Rs 561 crore. Chennai Petroleum Corporation Limited fourth quarter sales rose 13.6% to Rs 5,465 crore and net loss was Rs 60.1 crore.
Hewlett-Packard, Analog Devices Net Rises
Hewlett-Packard Company second quarter sales rose 12.4% to $30.8 billion and net income rose 29.4% to $2.2 billion or 91 cents a share. Analog Devices, Inc first quarter sales rose 41% to $668.2 million and net income rose 222.4% to $167.1 million or 55 cents a share.
U.S. Stocks Decline, Weak Euro, Oil
U.S. stocks fell as the euro zone austerity measures weaken the euro to a four-year low. Germany is likely to take more measures to curb speculation in financial markets. Visa Inc, MasterCard, American Express and Capital One declined on tighter fees regulations.
HK, Shanghai Stocks Rebound
Sale of new homes fall in Shanghai. China Petroleum and Chemical Corp received regulatory clearance for 20 billion yuan bond sale. China Railway Group signs contracts worth 69.22 billion yuan.
European Markets Gain; Carrefour To Buy Ipek
European markets edge higher after debt woes ease and euro-zone finance ministers vow to fix the region''s finances. Greece receives first tranche of EU bail-out loan. Euro-zone trade surplus increases to 4.5 billion and inflation rises to 1.5%.
UK Inflation Soars; Vodafone Net Surges
UK stocks rise as commodity prices rebound and inflation hits 17-month high. AstraZeneca enters into an agreement with Teva Pharmaceuticals USA, Inc. SSL International drives fiscal year profit. Vodafone Group net profit surges 179%.
Sensex Recovers; L&T Net Jumps 26%
The Sensex index rallies after L&T reported 26% increase in earnings. Tarapur Transformers makes a muted debut. Aksh Optifibre gains on capital raising plan. Bharti Airtel recovers as Fitch removes it from negative watch. TCS declined on the talks of UK government may review outsourcing deals.
Stocks Rally on PPI and Housing Data
US stocks gain as strong housing starts data and tame inflation data boosted sentiment. Housing starts rise by 5.8% and PPI decreases 0.1% in April. Fidelity National to pursue leveraged recapitalization after buyout bid fades.
Agilent, Kirklands Fall; Wal-Mart Gains
Forest Laboratories, Inc. led gainers in the S&P 500 index with a rise of 4.7%. TJX Companies profit climbs 58%. Abercrombie & Fitch narrows quarterly loss. Home Depot net rises stronger-than-expected 41%. Agilent swings to second quarter profit.
Wal-Mart Stores, Home Depot Net Rises
Wal-Mart Stores, Inc first quarter sales rose 6% to $99.1 billion and net income rose 10% to $3.3 billion or 88 cents a share. The Home Depot, Inc first quarter sales rose 4.3% to $16.86 billion and net income rose 41% to $725 million or 43 cents a share.
Australia Supports Higher Resource Taxes
Australian government said its proposal to impose 40% tax on resource companies is an effort to make structural changes in how it incentivizes investments. The dollar fell after The RBA releases minutes of latest meeting. Macarthur Coal rejected takeover proposal by Peabody Energy.
