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Global financial news, market analysis, economics and forex news

Hasbro Swings To Profit, Beats Estimates
Mon, 21 Apr 2014 11:42:58 GMT - Toy maker Hasbro, Inc. Monday reported a turnaround to profit in the first quarter, reflecting mainly strong performance in Girls category. The results also reflected continued strong performance across several key initiatives including Hasbro Franchise Brands, Emerging Markets and the Entertainment and Licensing segment, the firm said.
SunTrust Banks Results Top Estimates, Provision For Credit Losses Falls
Mon, 21 Apr 2014 11:13:22 GMT - Diversified financial services holding company SunTrust Banks, Inc. (STI) Monday reported increased profit for the first quarter, even as revenue declined amid decreases in mortgage production income and net interest income. Both earnings and revenues topped Wall Street expectations and the lender reported lower provision for credit losses.
Wall Street On 'Wait And Watch' As Earnings Flow Continues
Mon, 21 Apr 2014 10:33:58 GMT - Trading in the U.S. index futures suggests that Wall Street stocks may see a cautious open on Monday, as traders plan their next move. Another slew of earnings are set to be released by companies such as Schlumberger (SLM), Hasbro (HAS) and Kimberly-Clark (KMB). The Ukraine crisis is yet to be resolved despite the promise of solution by European and U.S. leaders last week. With trading activity likely to be light as traders return from Easter holidays, caution may be the watchword for the markets.
Asian Stocks Mixed In Holiday-thinned Trade
Mon, 21 Apr 2014 08:40:10 GMT - Asian stocks turned in a mixed performance in thin trading on Monday as tensions in Ukraine and a lack of trading cues from the U.S. and Europe kept investors cautious. Several regional markets were closed for Easter holidays.
Automakers Unveil China-focused Vehicles At Beijing Auto Show
Mon, 21 Apr 2014 05:47:06 GMT - Several car manufacturers unveiled their new products at the Beijing auto show on Sunday, with many vehicles being tailor-made for the Chinese customers. China holds its auto shows every year, with the venue shifting between Beijing and Shanghai in alternate years. The event has become one of the most important commercial events for the industry.
Asian Markets Mostly Higher Amid Cautious Trades
Mon, 21 Apr 2014 03:41:13 GMT - Asian stock markets are mostly trading higher on Monday, with investors indulging in some selective buying. With Wall Street closing flat on Thursday, the mood is quite cautious in the Asian region, where some of the markets are closed for Easter holidays. Despite weak trade data, the Japanese market is trading higher with a weaker yen triggering some buying in exporters.
Music To The Ears...
Sat, 19 Apr 2014 01:34:06 GMT - Music is what tells us that the human race is greater than we realize. So said Napoleon Bonaparte, the first emperor of France, about the importance of music. Listening to religious music may promote mental well-being of seniors, says a new article published online in The Gerontologist.
AMD Posts Narrower Loss
Thu, 17 Apr 2014 22:12:16 GMT - Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
Athenahealth Slips To Loss, Misses Street
Thu, 17 Apr 2014 21:23:16 GMT - athenahealth reported a slip to loss in the first quarter, hurt by lower margins even as revenues jumped 30 percent. Both earnings and revenue for the quarter came in short of Wall Street estimates.
Stocks Close Mixed Following Lackluster Trading Day - U.S. Commentary
Thu, 17 Apr 2014 20:26:32 GMT - After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves.
Kerry: Agreement Reached On Plan To Defuse Ukraine Crisis
Thu, 17 Apr 2014 19:21:15 GMT - U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
Crude Oil Ends Higher; Gains 0.5% For Week
Thu, 17 Apr 2014 19:06:41 GMT - U.S. crude oil moved up for a second straight session to end at a more than six-week high on Thursday, after some encouraging economic data from the U.S. with Fed Chief Janet Yellen's statement on the state of the economy lifting sentiments, notwithstanding a huge surge in U.S. crude stockpiles last week.
Gold Ends Below $1,300, Sheds 1.9% For Week
Thu, 17 Apr 2014 18:03:08 GMT - Gold futures ended at a two-week low on Thursday, with investors shifting focus away from the yellow metal following an uptick in global equities markets on the back of some encouraging economic reports from the U.S. and China recently.
Choppy Trading Persists On Wall Street Ahead Of Long Weekend - U.S. Commentary
Thu, 17 Apr 2014 15:55:28 GMT - Stocks continue to show a lack of direction in mid-day trading on Thursday, extending the lackluster performance seen earlier in the session. The major averages have spent the day bouncing back and forth across the unchanged line.
Morgan Stanley, Goldman Sachs Q1 Results Beat Estimates
Thu, 17 Apr 2014 15:38:51 GMT - Investment bank Morgan Stanley and rival Goldman Sachs Group Inc. on Thursday reported results for the first quarter, that beat analysts' estimates. Morgan Stanley reported a 55 percent increase in profit from last year, reflecting higher revenues at all its three segments, particularly institutional securities segment. Goldman Sachs reported 11 percent decline in profit for the quarter.
Cantor Claims Obama Still Does Not Know How To Work With Congress
Thu, 17 Apr 2014 15:32:53 GMT - After speaking with President Barack Obama by phone about stalled immigration reform legislation on Wednesday, House Majority Leader Eric Cantor, R-Virg., claimed the president still does not understand how to work with the Republican-controlled House.
Philly Fed Index Jumps To Seven-Month High In April
Thu, 17 Apr 2014 14:47:40 GMT - Growth in Philadelphia-area manufacturing activity has accelerated by much more than anticipated in the month of April, according to the results of the Federal Reserve Bank of Philadelphia's Business Outlook Survey released on Thursday. The Philly Fed said its diffusion index of current activity climbed to 16.6 in April from 9.0 in March, with a positive reading indicating growth.
Stocks Turning In A Lackluster Performance In Morning Trading - U.S. Commentary
Thu, 17 Apr 2014 14:39:48 GMT - After moving notably higher over the past few sessions, stocks are turning in a lackluster performance in morning trading on Thursday. The major averages have been showing modest moves, holding close to the unchanged line.
PepsiCo Q1 Profit Rises, Results Beat Estimates
Thu, 17 Apr 2014 14:08:49 GMT - Food and beverage giant PepsiCo, Inc. Thursday reported a higher first-quarter profit, amid flat revenues. Organic revenue grew 4 percent from last year. Earnings per share, as well as revenues beat analysts' estimates. The company also reaffirmed 7 percent core constant currency earnings per share growth target for full year 2014.
Post Holdings To Buy Michael Foods For $2.45 Bln
Thu, 17 Apr 2014 13:26:52 GMT - Post Holdings, Inc. (POST), a consumer packaged goods holding company, has agreed to acquire MFI Holding Corp. or Michael Foods from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners for $2.45 billion.
U.S. Jobless Claims Rise Slightly But Remain Near Lowest Levels Since 2007
Thu, 17 Apr 2014 13:15:18 GMT - After reporting initial jobless claims at their lowest level in almost seven years in the previous week, the Labor Department released a report on Thursday showing that claims rebounded slightly in the week ended April 12th. The Labor Department said initial jobless claims inched up to 304,000, an increase of 2,000 from the previous week's revised level of 302,000.
UnitedHealth Q1 Profit Down 8%, But Beats View; Reiterates Outlook
Thu, 17 Apr 2014 13:14:49 GMT - Health insurer UnitedHealth Group Inc. on Thursday reported an 8 percent decline in profit for the first quarter from last year, as higher revenues were more than offset by costs and taxes related to the Affordable Care Act as well as a reduction in government spending known as the sequestration. However, earnings per share beat analysts' expectations, while revenues missed their estimates.
Stocks May Extend Recent Upward Move In Early Trading - U.S. Commentary
Thu, 17 Apr 2014 12:58:01 GMT - While trading activity may be somewhat subdued ahead of the long weekend, stocks may attempt to extend their recent upward move in early trading on Thursday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 14 points.
DuPont Q1 Profit Falls, Operating Earnings Meet View; Backs Full-year Outlook
Thu, 17 Apr 2014 12:55:17 GMT - Chemicals giant EI DuPont De Nemours & Co., commonly known as DuPont, Thursday reported a sharp decline in the first-quarter profit, reflecting lower sales and an income from discontinued operations in the prior year. Operating earnings met analysts' expectations, while revenues missed view. The company also reaffirmed its outlook for full-year 2014 operating earnings.
Honeywell Boosts Full Year Earnings View After Q1 Profit Rises
Thu, 17 Apr 2014 12:42:44 GMT - Diversified technology and manufacturing company Honeywell International Inc. (HON) Thursday reported increased profit for the first quarter, supported by higher revenues. Citing the results and the overall favorable outlook for its markets, the company lifted the lower end of its full year outlook range for earnings.
GE Profit Drops, Industrial Earnings Climb 12%
Thu, 17 Apr 2014 11:55:03 GMT - Diversified conglomerate General Electric Co. (GE) Thursday said its first-quarter profit declined from the prior year, but operating earnings came ahead of expectations. Further, the company's Industrial segment reported growth in earnings and revenues. GE said its 2014 framework remains unchanged.
Schlumberger Q1 Profit Rises
Thu, 17 Apr 2014 11:11:44 GMT - Oilfield services provider Schlumberger Limited Thursday reported a higher first-quarter profit, reflecting growth in revenues. The company said its solid year-on-year growth rates were led by the Middle East & Asia and North America areas.
Wall Street Reverts To Caution As Tech Earnings Disappoint
Thu, 17 Apr 2014 10:31:42 GMT - The mood on Wall Street has turned cautious once again after the gains of the previous three sessions. The major U.S. index futures point to a modestly lower opening on Thursday. With the extending weekend looming ahead, traders may prefer to remain cautious, especially as some tech earnings released after the close of trading yesterday disappointed. The domestic markets may also react to the jobless claims data, the results of a regional manufacturing data and a slew of earnings news flow due for the day
Asian Stocks Broadly Higher Ahead Of Easter Break
Thu, 17 Apr 2014 09:02:39 GMT - Asian stocks ended mostly higher on Thursday following reassuring comments from the Federal Reserve chief. Gains, however, were modest on growing concerns about military activity in Ukraine and amid caution ahead of a long weekend.
SAP Q1 Profit Rises; Reiterates Full-year Outlook
Thu, 17 Apr 2014 07:52:00 GMT - Business software maker SAP AG Thursday reported a higher first-quarter profit, as revenues grew 3 percent, helped by 60 percent growth in cloud subscriptions and support revenues. The company also confirmed its full-year 2014 outlook.


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