U.S. Movers: Cognizant, DISH Network, EchoStar, LIN TV, Sysco, Tyson Foods
Cognizant Technology first quarter net rose 17% to $243.7 million but lowered current quarter outlook. Carl Icahn controlled fund agreed to acquire CVR Energy in cash for $2.6 billion. DISH Network first quarter net declined 34% to $360 mn. Sysco said ...
Cognizant, EchoStar Net Up; BroadSoft, DISH Network Net Fall
BroadSoft first quarter net plunged 54% to $1.7 million and EchoStar net surged more then six folds to $127 million. Frontier Communications first quarter net tumbled 51% to $26.8 million. HollyFrontier first quarter net surged 185% to $241.7 million. ...
Nikkei Plunges 2.8%, Gree, DeNA Tumble 20%
Stocks in Tokyo plunged after election results in Greece and France prompted more worries in the euro zone. Resources linked companies fell after crude oil eased to a 4-month low and fell below $100 a barrel for the first time in the period.
Markets Stay Calm After Political Shuffle in Europe
U.S. indexes declined after election results in France and Greece. The U.S. Treasury priced $5 billion of offering of AIG stake to reduce its stake in the insurer.
Australian Indexes Dive 2% on Global Worries
Australian indexes declined more than 2% on the global slowdown worries after the election results in Europe. Australian retail sales were ahead of expectations in March but new jobs ads declined in April according to a private survey.
German Factory Orders Rise, Spanish Output Plunges 10.4%
German factory orders increased 2.2% but Spanish output plunged 10.4% in March. Swiss consumer prices declined for the seventh straight month but jobless rate rose in April. The UK jobless rate forecasted to rise over the next five years.
France Elects Hollande, Greece Heading for Coalition
The European indexes edged lower after France elected its first Socialist president in 17 years and Greece is heading for coalition government talks that may drag on for ninety more days. QSC plunged after quarterly net plummeted 65%.
Weekly Loss of 2.1% in S&P 500 and 2.9% in Nasdaq
In New York trading on Friday, indexes accelerated declines in the afternoon and closed down between 1% and 2%. For the week, the Nasdaq fell nearly 3% and the S&P 500 index declined 2.1%. Crude oil traded below $100 a barrel for the first time in thre...
AIG, LinkedIn Net Up; Duke Energy, Exelon Net Fall
CF Industries first quarter net surged 31% to $368 million. Dolby Laboratories first quarter net increased 7% to $88.1 million. LinkedIn first quarter net surged 138% to $5 million. PPL first quarter net slipped 7% to $361 million. Washington Post firs...
U.S. Movers: AIG, Duke Energy, Exelon, LinkedIn, AES, PPL Washington Post
American International Group first quarter net surged 147% to $3.2 billion. Duke Energy first quarter net tumbled 42% to $295 million and Exelon plunged 70% to $200 million. Spectra Energy first quarter net soared 35% to $541 million and AES rose 7% to...
UK Home Prices Drop 2.4%, Rentokil Plummets 5%
The UK indexes slumped after home prices dropped more than estimated and new car registrations rose in April. Irish output fell for the second straight month in March. Warner Chilcott swung to quarterly profit.
U.S. Jobless Rate at 8.1%, Net New Jobs Additions Slows to 115,000
U.S. indexes fell after employers added less jobs than estimated in April as the weather played a key role in altering hiring pattern and the unemployment rate declined. Affymetrix and eBioscience amended merger agreement. LinkedIn agreed to acquire Sl...
