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Global financial news, market analysis, economics and forex news

U.K. Mortgage Approvals At 4-Month High
Tue, 29 Jul 2014 11:44:01 GMT - U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February.
Aetna Q2 Profit Rises, Lifts Full-year Outlook
Tue, 29 Jul 2014 11:26:56 GMT - Diversified healthcare benefits company Aetna, Inc. Tuesday reported higher second-quarter profit on 25 percent growth in revenues. Results also benefited from acquisition of Coventry Health Care. Medical membership increased from last year, and the health insurer lifted its outlook for the full year.
Talisman Energy Posts Loss, Despite Higher Production; On Track To Meet FY View
Tue, 29 Jul 2014 10:44:00 GMT - Talisman Energy Inc. reported Tuesday a net loss in its second quarter on one-time charges that offset revenue growth. In the prior year, Talisman recorded a profit. The Canadian oil and gas company's production was higher from last year and said it remains on track to meet operating and financial targets for 2014.
Honda Q1 Profit Climbs, Lifts Full-year Forecast
Tue, 29 Jul 2014 08:46:34 GMT - Japanese automaker Honda Motor Co. Ltd. Tuesday reported higher profit in its first quarter, as sales were benefited by strong results in automobile and motorcycle business operations, along with favorable foreign currency impact. The company also announced dividend, and lifted forecast for fiscal year ending March 31, 2015.
Domino's Pizza Group Plc Profit Climbs, To Resume Buyback
Tue, 29 Jul 2014 08:43:52 GMT - Domino's Pizza Group Plc Tuesday said profit for the first half of the year increased significantly from last year, amid strong performance in the U.K. The company said it also plans to resume the share buyback program.
Orange H1 Profit, Turnover Down
Tue, 29 Jul 2014 08:09:09 GMT - French telecom major Orange SA, previously France Telecom, Tuesday reported a decline in the first-half profit as well as turnover, but stabilized the rate of EBITDA margin. The firm also confirmed its guidance for full year 2014.
BP Profit Climbs, Warns On Rosneft Sanctions
Tue, 29 Jul 2014 07:59:25 GMT - BP Plc. (BP.L, BP_UN.TO, BP) Tuesday reported increased profit for the second quarter, despite decreased production. The oil giant also warned that further international sanctions on Russian energy firm Rosneft, in which it has a significant stake, could have a material adverse impact on its investment.
Ecoato Sweet Paprika Powder Recalled Over Salmonella Fears
Tue, 29 Jul 2014 07:47:10 GMT - The TJX Companies Inc. is recalling "ecoato" brand Sweet Paprika Powder from store shelves due to potential contamination with Salmonella bacteria. Investigation is being carried out to identify the source of the contamination.
Next Plc Q2 Sales Climb; Lifts FY14 Forecast; Stock Up
Tue, 29 Jul 2014 07:36:20 GMT - UK-based retailer Next Plc reported Tuesday higher NEXT Brand sales in the second quarter, with improved performance in retail and Directory divisions. Citing the better- than- expected performance, the company lifted its forecast for fiscal 2014 profit and sales growth. Next shares were gaining around 2 percent in the early morning trading in London.
UBS Q2 Profit Rises
Tue, 29 Jul 2014 06:40:55 GMT - Swiss banking giant UBS AG Tuesday reported higher profit in its second quarter with improved net interest income, despite litigation and other charges and weak market conditions. Looking ahead, the company said that many of the underlying challenges and geopolitical issues that it has previously highlighted remain at the start of the third quarter.
Asian Markets Edge Higher Amid Cautious Trades
Tue, 29 Jul 2014 03:49:33 GMT - Asian stock markets are mostly trading higher on Tuesday with investors indulging in some cautious buying ahead of Wednesday's monetary policy statement from the U.S. Federal Reserve. Investors are also tracking the latest batch of earnings reports and economic data from the region for some direction.
Eastman Chemical Q2 Profit Rises - Update
Mon, 28 Jul 2014 23:21:50 GMT - Eastman Chemical Co. (EMN) on Monday reported an increase in profit for the second quarter, as the chemical company's revenues increased across all segments except at its specialty fluids and intermediates unit. Earnings for the quarter came in ahead of Wall Street estimates, but revenues fell short of expectations.
Masco Profit Tops Estimate
Mon, 28 Jul 2014 22:23:45 GMT - Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
Herbalife Results Miss Estimate; Stock Tanks
Mon, 28 Jul 2014 21:51:38 GMT - Herbalife reported a decline in second-quarter profit, hurt by poor margins and weak demand in the Americas, overshadowing the growth in Europe and China. Adjusted earnings missed Wall Street estimates after consecutive periods of better-than-expected performance. Herbalife provided some soft guidance for the third quarter, and its shares tanked 10 percent in after-hours trade.
Stocks Close Nearly Flat After Recovering From Early Weakness - U.S. Commentary
Mon, 28 Jul 2014 20:23:19 GMT - Stocks showed a significant recovery over the course of the trading day on Monday after coming under pressure in early trading. The markets eventually ended the session roughly flat following the mixed performance that was seen last week.
Crude Oil Ends Below $102 As Supply Concerns Ease
Mon, 28 Jul 2014 19:12:35 GMT - U.S. crude oil ended lower on Monday, after some disappointing pending home sales data from the U.S. and waning demand from Europe and Asia, even as investors await the Federal Reserve's monetary policy details later in the week.
House, Senate Negotiators Reach Agreement On VA Reform Bill
Mon, 28 Jul 2014 19:09:28 GMT - House and Senate negotiators revealed Monday that they have reached an agreement on compromise legislation to reform the scandal-plagued Veterans Affairs Department.
Gold Ends Flat Ahead Of Fed Monetary Policy
Mon, 28 Jul 2014 18:08:24 GMT - Gold futures ended flat on Monday, as investors await the U.S. Federal Reserve's monetary policy later this week, while continuing to monitor the escalating violence in Libya, and the uncertainties in Gaza and Ukraine.
Sarah Palin Launches Online Channel To Take On "Mainstream Media"
Mon, 28 Jul 2014 18:04:29 GMT - Former Alaska Governor and Republican Vice Presidential nominee Sarah Palin announced Sunday that she is launching her own online news channel in an effort to provide her supporters an alternative to the mainstream news media.
Stocks Regain Ground After Early Move To The Downside - U.S. Commentary
Mon, 28 Jul 2014 16:12:51 GMT - After showing a notable move to the downside in early trading, stocks have regained some ground over the course of the trading day on Monday. The markets have maintained a negative bias, however, keeping the major averages in the red.
U.S. Pending Home Sales Unexpectedly Pull Back 1.1% In June
Mon, 28 Jul 2014 14:35:59 GMT - After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June.
Stocks Move Mostly Lower Amid Trepidation Ahead Of Key Events - U.S. Commentary
Mon, 28 Jul 2014 14:28:27 GMT - Stocks have moved mostly lower in early trading on Monday after opening the session near the unchanged line. The major averages have slid firmly into negative territory, with the S&P 500 pulling back further off last Thursday's record closing high.
Zillow To Buy Smaller Rival Trulia In $3.5 Bln Stock Deal
Mon, 28 Jul 2014 14:01:12 GMT - Real estate information website Zillow, Inc. agreed Monday to acquire smaller rival Trulia, Inc. in a stock-for-stock deal valued at about $3.5 billion. The deal, approved by the boards of directors of both companies, is expected to close in 2015. Following the closure of the deal, Zillow shareholders will own 67 percent of the combined company, while Trulia shareholders will own 33 percent.
Cummins Lifts Full Year Revenue Outlook After Q2 Profit Tops View
Mon, 28 Jul 2014 13:15:02 GMT - Engine maker Cummins Inc. (CMI) Monday reported increased profit for the second quarter that topped estimates, as revenues increased 7 percent from last year, with strong performance in North America. The company also boosted its revenue forecast for the year.
Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary
Mon, 28 Jul 2014 12:59:00 GMT - After turning in a mixed performance last week, stocks may continue to experience choppy trading early on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 2 points.
Dollar Tree To Acquire Family Dollar In Around $8.5 Bln Cash, Stock Deal
Mon, 28 Jul 2014 12:02:07 GMT - Discount retailer Dollar Tree, Inc. Monday said it has entered into a definitive merger agreement to acquire rival Family Dollar Stores Inc. in a cash and stock transaction worth about $9.2 billion enterprise value. Dollar Tree expects the acquisition to be accretive to cash earnings per share within the first year post-closing, excluding one-time costs to achieve synergies.
Tyson Foods Profit Misses View; To Sell Mexico, Brazil Poultry For $575 Mln
Mon, 28 Jul 2014 11:14:08 GMT - Meat products maker Tyson Foods, Inc. reported higher profit in its third quarter with improved sales performance. Adjusted earnings per share missed analysts' estimates. Looking ahead, the company projects sales in fiscal 2014 and 2015 to be higher than market view. Tyson Foods also said it has agreed with JBS SA (JBSAY) to sell its poultry businesses in Mexico and Brazil for $575 million in cash
Wall Street Mood Subdued Ahead Of Data Onslaught
Mon, 28 Jul 2014 10:31:06 GMT - Early indications suggest that Wall Street stocks may open slightly lower on Monday, as uncertainty is writ over the face of the global markets against the backdrop of simmering geopolitical tensions and a shaky economic recovery. Global cues are mixed, with Asian stocks closing mixed, while the European markets have recovered from a lackluster start, thanks to some positive domestic corporate news. The mood in the domestic markets could also hinge on economic data on pending home sales and the service sector. Given the key economic events scheduled for the week, the markets may prefer to stay cautious.
Asian Stocks Mixed On Offshore Cues
Mon, 28 Jul 2014 09:12:03 GMT - Asian stocks ended mixed on Monday, as weak cues from the U.S. and European markets offset growing investor confidence in China's economy. With geopolitical concerns persisting and the U.S. Federal Reserve's two-day polity meeting getting underway this week, underlying sentiment remained somewhat cautious.
Reckitt Benckiser H1 Profit Rises; To Spin Off Pharmaceutical Unit
Mon, 28 Jul 2014 08:17:14 GMT - Consumer goods giant Reckitt Benckiser Group Plc Monday reported higher first-half profit, as like-for-like revenue grew on consumer health performance. The company also said it will spin off its pharmaceutical unit Reckitt Benckiser Pharmaceuticals, or RBP.


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