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Stocks Close Firmly In The Red On Disappointing Earnings News - U.S. Commentary
Fri, 25 Jul 2014 20:23:19 GMT - Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high.
Crude Oil Ends Flat On Geopolitical Tensions
Fri, 25 Jul 2014 19:10:39 GMT - U.S. crude oil ended a tad higher on Friday, after some upbeat data with some better than expected orders for durable goods from the U.S., with investors continued focus on the developments in the Middle East and Ukraine.
Obama Meets With Central American Presidents Amid Gridlock On Border Bill
Fri, 25 Jul 2014 18:34:59 GMT - President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border.
Gold Rebounds To Ends Higher, But Sheds 0.5% For Week
Fri, 25 Jul 2014 17:57:51 GMT - Gold futures snapped a three-day loss to end higher on Friday, tracking some largely declining global equity markets with investors seeking the precious metal's safe haven appeal, even as the situation in Ukraine continued to escalate.
Vast Majority Of Americans Oppose Impeaching Obama
Fri, 25 Jul 2014 17:39:39 GMT - Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
Stocks See Further Downside Following Early Weakness - U.S. Commentary
Fri, 25 Jul 2014 16:01:40 GMT - After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session.
Disappointing Earnings Lead To Early Weakness On Wall Street - U.S. Commentary
Fri, 25 Jul 2014 14:21:43 GMT - With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat.
U.S. Durable Goods Orders Rebound 0.7% In June, More Than Expected
Fri, 25 Jul 2014 13:28:58 GMT - After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June.
AbbVie Q2 Profit Rises, Results Beat View; Affirms 2014 Outlook
Fri, 25 Jul 2014 13:12:44 GMT - Research-based biopharmaceutical company AbbVie Inc. on Friday reported a 3 percent increase in profit for the second quarter from last year on higher revenues, reflecting strong sales of the company's blockbuster rheumatoid arthritis drug Humira. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates. Tthe company affirmed its earnings outlook for fiscal 2014.
Stocks May Open Lower On Disappointing Earnings News - U.S. Commentary
Fri, 25 Jul 2014 12:58:28 GMT - After showing a lack of direction throughout much of the previous session, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 23 points.
U.K. Q2 GDP Growth Stable At 0.8%; Returns To Pre-Crisis Level
Fri, 25 Jul 2014 12:29:08 GMT - British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
2.2 Billion People In Poverty: UN Report
Fri, 25 Jul 2014 12:26:49 GMT - 2.2 billion people in the world are poor or near-poor, according to the United Nations 2014 Human Development Report.
Moody's Q2 Results Top Estimates, Backs EPS View; Lifts Revenue Growth Forecast
Fri, 25 Jul 2014 12:19:19 GMT - Credit ratings agency Moody's Corp. reported Friday higher profit in its second quarter, boosted by one-time gain as well as strong revenue growth in revenues. Adjusted earnings per share and top line beat market estimates. Further, the company backed its fiscal 2014 forecast for earnings, while lifted revenue growth view.
American Electric Tops Estimates, Backs 2014 Outlook
Fri, 25 Jul 2014 12:11:51 GMT - Electric utility American Electric Power Co., Inc. reported Friday a profit for the second quarter that grew from last year, reflecting increase in revenues amid rate base growth. Both operating earnings per share and quarterly revenues topped analysts' expectations. The company also reaffirmed its operating earnings forecast for the full-year 2014.
Tyco Q3 Profit Soars
Fri, 25 Jul 2014 12:08:16 GMT - Swiss security products maker Tyco International Ltd. Friday reported a sharp increase in third-quarter profit, as revenues grew with growth across all segments. "The investments we have made to expand our product capabilities, combined with continued improvements in our operational execution, drove a 17% increase in earnings per share before special items in the quarter," said CEO...
German Business Confidence Drops To 9-month Low Hurt By Geopolitical Tensions
Fri, 25 Jul 2014 12:07:41 GMT - German business confidence eased for the third successive month to its lowest level since October, amid rising concerns over the impact of the worsening conflicts in Ukraine and the Middle East on the largest Eurozone economy. The Business Climate Index for industry and trade fell to 108.0 points in July from 109.7 in June, the results of a survey by the Munich-based Ifo Institute showed Friday.
Aon Q2 Profit Climbs, Beats Estimates; Revenue Misses View
Fri, 25 Jul 2014 11:29:24 GMT - UK-based risk and insurance brokerage service provider Aon Plc reported Friday higher profit in its second quarter with a slight increase in revenues. Adjusted earnings per share topped analysts' estimates, while top line missed their view.
Russia Central Bank Raises Key Rate Unexpectedly
Fri, 25 Jul 2014 11:05:53 GMT - Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.
BskyB Profit Down; To Buy Sky Italia, 57.4% Stake In Sky Deutschland
Fri, 25 Jul 2014 10:45:25 GMT - British Sky Broadcasting Group Plc, known as BskyB, reported Friday a decline in fiscal 2014 profit mainly on higher charges, despite increased revenues benefited by strong demand. The company also announced higher dividend. Separately, the company said it has agreed to acquire 21st Century Fox's stake in Sky Italia and Sky Deutschland in nearly $9.3 billion deal.
Wall Street Plagued By Doubts Amid Looming Threats
Fri, 25 Jul 2014 10:30:05 GMT - Sentiment on Wall Street has turned cautious on Friday after the averages showed resilience yesterday. The markets' resolve is likely to be put to test once again, as traders get to digest another spate of earnings flow and economic data on durable goods orders. Tech earnings released yesterday after the markets close were largely disappointing. Global cues are not very encouraging either, as Asian stocks closed mixed, while the European markets are seeing lackluster sentiment.
Royal Bank Of Scotland H1 Profit Surges, Shares Up
Fri, 25 Jul 2014 10:09:05 GMT - Royal Bank of Scotland Group Plc Friday said its first-half profit surged from last year, reflecting a fall in impairment losses, despite additional provision for Payment Protection Insurance redress, as well as interest rate swap redress. Net interest income edged up 1 percent, with consistent increase across all businesses.
Anglo American Profit Climbs, Signs Binding Deal To Sell Stake In JV To Lafarge
Fri, 25 Jul 2014 09:10:42 GMT - Anglo American Plc reported a 48 percent growth in its first-half pre-tax profit, reflecting a gain and the absence of a year-ago hefty one-time loss. Underlying operating profit, meanwhile, declined as revenues were hurt by lower commodity prices, despite increased production. Separately, Anglo American signed a binding agreement to sell out its 50 percent stake in Lafarge Tarmac JV.
Asian Stocks Mixed After Recent Gains
Fri, 25 Jul 2014 09:07:26 GMT - The Asian markets turned in a mixed performance on Friday, as commodities declined and regional stocks got little direction from Wall Street following mixed earnings and economic data. Lingering concerns about ongoing conflicts in Ukraine and the Middle East and IMF's weak global forecast also kept investors cautious heading into the weekend.
Danone First-half Earnings Decline; Backs Full-year View
Fri, 25 Jul 2014 08:13:20 GMT - French dairy giant Danone SA Friday said its first-half profit declined from last year, hurt by decreased sales in dairy and early-life nutrition businesses. The company, confirmed its annual outlook. According to Danone, results for the period reflected high bases for year-on-year comparisons linked to Fonterra's false safety alert, inflation in milk prices, and weak currency trends...
United Utilities Says Trading In Line With Expectations
Fri, 25 Jul 2014 08:07:43 GMT - UK-based water utility United Utilities Plc. (UU.L) Friday said its current trading is in line with the group's expectations. The group sees a good underlying financial performance for fiscal 2014/15.
Air France - KLM Q2 Net Loss Narrows, Backs EBITDA View; Stock Up
Fri, 25 Jul 2014 07:33:54 GMT - Shares of Air France - KLM were gaining around 5 percent in early morning trading in Paris after the Franco-Dutch airline reported Friday sharply narrower net loss in its second quarter. Adjusted net income was benefited by margin strength, despite lower revenues. Further, the company backed its fiscal 2014 EBITDA view.
German Consumer Sentiment To Rise In August Despite Geopolitical Tensions
Fri, 25 Jul 2014 07:32:29 GMT - Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006.
Vodafone Q1 Revenue Climbs; Confirms Full-year Outlook
Fri, 25 Jul 2014 07:21:14 GMT - Telecom giant Vodafone Group Plc. (VOD.L, VOD) Friday reported growth in revenue for the first quarter, adding that its performance is beginning to stabilise quarter-on-quarter in several European markets.
European Stocks Seen Lower Amid Lack Of Triggers
Fri, 25 Jul 2014 06:26:52 GMT - European stocks are seen opening lower on Friday as geopolitical concerns persist and growth worries resurfaced. In an update to its World Economic Outlook report, the International Monetary Fund slashed its 2014 global growth forecast to 9.4 percent this year, down from 3.7 percent it predicted in April, citing weaker growth in the U.S., China and several important emerging markets.
CLSN's Dignity At Work, GSK's Flonase To Go OTC, MGNX Hits Second Dart
Fri, 25 Jul 2014 04:52:05 GMT - A regulatory application for malaria vaccine candidate, RTS,S, submitted to the European Medicines Agency by GlaxoSmithKline plc (GSK) has been accepted for review, thus becoming the world's first malaria vaccine candidate to undergo regulatory review.

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