Humana Net Rises 34%; Loews Net Plunges 93%

Humana Inc second quarter revenues rose 7.5% to $7.9 billion and net income rose 34% to $281.8 million or $1.67 a share. Loews Corporation second quarter revenues fell 10% to $3.53 billion and net income fell 93% to $340 million or 78 cents a share.

Barclays Net Rises 10%; HSBC Net Falls 57%

Barclays PLC first-half net interest income rose 9.6% to £5.7 billion and net profit rose 10% to £1.89 billion or 17.1 pence a share. Intertek Group plc first-half sales rose 36.1% to £622.3 million and net profit rose 50% to £59.3 million or 36.9 pence a share.

GMR Infrastructure, Unitech Net Plunge

GMR Infrastructure Limited first quarter revenues rose 33% to Rs.1,177.52 crore and net profit fell 70% to Rs.22.5 crore or Rs.0.12 a share. Unitech Limited first quarter revenues fell 50% to Rs.514.9 crore and net profit fell 62.7% to Rs.157.7 crore.

India Exports Drop Slows; Bajaj Auto Surges

The Sensex index gained 1.6% and closed at a record high in fourteen months. Bajaj Auto soars after it increased motorcycle production by 25%. Bharti Airtel and MTN extended merger talks. Maruti Suzuki jumped after July auto sales surged 33%. Exports from India drop 28%.

Metro Net Loss; Schneider Net Falls 59%

Metro AG first-half revenues fell 3.2% to €30.5 billion and net loss was €53 million or €0.16 a share. Schneider Electric SA first-half revenues fell 13% to €7.75 billion and net profit fell 59% to €346 million or €1.43 a share.

Nasdaq Surges In July; Emerging Markets Lead

World markets edged higher in July after earnings drove indexes higher in China, India, Brazil, U.S., Canada and UK. The Nasdaq led U.S. indexes with a rise of 44% for the year and 8% in the month. Dun & Bradstreet fell 13% in trading after it lowered its earnings outlook.

Nikkei Adds 4%; CPI Drops, Unemployment Rises

Stocks in Japan in weak trading advanced for the week and for the fifth month in a row. Mitsui Fudosan, the largest Japanese real estate operator earnings surged lifting stocks in the sector. Unemployment in June increased to six-year high and consumer price index declined in the month.

Michelin, L’Oreal, PPR Up; European Markets Fall

Energy companies and airlines declined in European trading. Michelin gained after earnings results were better than expected. The comments from Deutsche Bank chief dragged market indexes lower. Eni SpA sales fell 24.2% and net profit fell 59.5%. Total S.A. sales fell 35% and net profit fell 54%.

U.S. Economy Shrink Slows; Consumer Weakness

The economy contraction in the second quarter slowed to an annual rate of 1% after falling at 6.4% in the first quarter and 5.4% in the fourth quarter of last year. The smaller decline in GDP reflected a rise in government spending and smaller decline in fixed investments and private inventories.

UK Pound Up, U. Business Media, Rentokil Rise

UK stocks edged higher on a rise in pound. Energy companies declined after Royal Dutch and Eni reported a decline in earnings and revenues. British Airways increased after it reported wider loss but sounded optimistic outlook for the second half. United Business Media surged on dividend hike.

First Solar, Dun & Bradstreet Plunge; ITT Leads

The Dun & Bradstreet dropped 14% after it lowered annual earnings outlook. Dolby Laboratories third quarter results exceed estimates. ITT led the gainers after it posted profit and lifted annual earnings outlook to as high as $3.70 a share. First Solar plunged after earnings.

India Stocks at 5-Month High

Stocks in India reached five-month high on the back of earnings. Hindalco, Reliance Infrastructure, Great Eastern Shipping and Welspun reported better than expected earnings. Rain deficit at the end of this week has declined to 18% from 27% two weeks ago on above normal rain.

Chevron Net Plunges 71%; ITT Net Falls

Chevron Corporation second quarter revenues fell 51% to $40 billion and net income fell 71% to $1.75 billion or 87 cents a share. Dominion Resources Inc second quarter revenues rose 2.9% to $3.5 billion and net income rose 52.3% to $454 million or 76 cents a share.

Eni SpA Sales Fall; Total SA Net Drops 54%

Eni SpA first-half sales fell 24.2% to €42.0 billion and net profit fell 59.5% to €2.74 billion or €0.76 a share. Total S.A. second quarter sales fell 35% to €31.4 billion and net profit fell 54% to €2.17 billion.

Anglo American Net Drops; British Airways Net Loss

Anglo American plc first-half revenues fell 38% to £11.1 billion and net profit fell 30.6% to £2.97 billion or 2.47 pence a share. British Airways Plc first quarter revenues fell 12.2% to £1.98 billion and net loss was £106 million or 9.6 pence a share.

DLF Net Falls 37%; ICICI Net Rises

DLF Limited first quarter sales fell 56.7% to Rs.1649.86 crore and net profit fell 37% to Rs.83.6 crore. ICICI Bank Limited total income fell 2.2% to Rs.9,223 crore and net profit rose 20.6% to Rs.878.22 crore or Rs.7.87 a share.

Sony Net Loss; Walt Disney Net Falls 26%

Sony Corporation second quarter revenues fell 19% to ¥1.6 billion and net loss was ¥37.1 billion or ¥36.96 a share. The Walt Disney Company third quarter revenues fell 7% to $8.60 billion and net income fell 26% to $954 million or 51 cents a share.

Starbucks Q3 Earnings Call Transcript

The coffeehouse chain reported quarterly revenue dipped 6.6% to $2.4 billion on comparable-store sales fall of 5%. Net quarterly earnings surged to $151.5 million helped by higher margins. The company earned 20 cents a share versus a loss of 1 cent a share a year-ago quarter.

Global Markets Up; Stocks, Metals, Oil Rise

Global markets traded higher after earnings driven optimism lifted markets around the world. In the U.S. MasterCard, Cigna, Motorola delivered better than expected earnings. Initial claims of unemployment increased and crude oil rebounded. Metals in commodities closed higher in London and New York.

Volkswagen, Alcatel Lift European Indexes

Stocks in Europe gained on better than expected earnings from Volkswagen. BASF reported 74% decline in earnings and may trim dividend. Siemens third quarter orders decreased 28%. France Telecom net profit fell 4.3%. Volkswagen sales fell 7.7% and net profit fell 83%.