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Global financial news, market analysis, economics and forex news

Fiat Chrysler Q4 Profit Plunges
Wed, 28 Jan 2015 15:43:59 GMT - Fiat Chrysler Automobiles NV reported Wednesday a profit for the fourth quarter that plunged from last year, which included hefty gains from divestiture. However, quarterly net revenues grew 13 percent, and worldwide shipments increased 4 percent from last year. The company also provided earnings and revenue forecast for the full-year 2015.
Stocks Move Mostly Higher Following Yesterday's Sell-Off - U.S. Commentary
Wed, 28 Jan 2015 15:26:16 GMT - Stocks have moved mostly higher in early trading on Wednesday, regaining some ground following the sell-off that was seen in the previous session. The major averages have climbed firmly into positive territory but only partly offset yesterday's steep losses.
Boeing Q4 Results Beat View, But Sees 2015 Earnings Below Estimates
Wed, 28 Jan 2015 15:04:58 GMT - Boeing Co. on Wednesday reported a 19 percent increase in profit for the fourth quarter from last year on higher revenues, reflecting strong demand for commercial aircraft. Both revenues and adjusted earnings per share beat analysts' expectations. Looking ahead to fiscal 2015, Boeing forecast higher earnings, but below Street estimates.
St. Jude Medical Q4 Results Meet Estimates, But Issues Weak Outlook
Wed, 28 Jan 2015 14:35:48 GMT - Cardiovascular medical devices maker St. Jude Medical, Inc. reported Wednesday a profit for the fourth quarter that doubled from last year, reflecting lower charges and sales growth. Both adjusted earnings per share and quarterly net sales matched analysts' expectations. The company also provided earnings and sales outlook for the first quarter and full-year 2015, both below Street view.
General Dynamics Q4 Profit Surges, Beats View
Wed, 28 Jan 2015 14:16:15 GMT - Defense contractor General Dynamics Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting higher revenues and improved margins. Earnings per share from continuing operations beat analysts' expectations.
Stocks May Regain Ground On Upbeat Earnings News - U.S. Commentary
Wed, 28 Jan 2015 13:58:45 GMT - Following the sell-off seen in the previous session, stocks may regain some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 17 points.
TE Connectivity To Sell Part Of Network Business To CommScope For $3 Bln Cash
Wed, 28 Jan 2015 13:56:00 GMT - Diversified electronics maker TE Connectivity Ltd. agreed Wednesday to sell its broadband network solutions or BNS business unit to telecommunications company CommScope Holding Co., Inc. in an all-cash deal valued at about $3 billion. The sale will enable TE to focus on providing leading connectivity and sensor solutions, particularly harsh environment connectivity.
Wall Street Could Get Apple Boost Ahead Of FOMC Decision
Wed, 28 Jan 2015 11:33:17 GMT - Trading in the U.S. index futures suggest that Wall Street stocks may be on the road to recovery on Wednesday after yesterday's fiasco. Domestic earnings released after the markets closed yesterday were mostly positive, with Apple reporting stellar financial results. Earnings from Yahoo, AT&T and a few tech companies have also been encouraging. Among the global markets, Asian stocks turned in a lackluster performance, while the European markets reversed early gains despite positive German consumer sentiment reading and a few positive domestic earnings.
European Stocks Drift Lower On Greek Concerns
Wed, 28 Jan 2015 11:15:43 GMT - The European markets drifted lower on Wednesday after rising early in the session on the back of positive earnings reports, upbeat German consumer confidence data and Apple's record earnings unveiled after the U.S. closing bell Tuesday.
Antofagasta FY14 Copper, Gold Production Declines; Stock Down
Wed, 28 Jan 2015 09:48:48 GMT - Shares of Antofagasta Plc declined around 3 percent in the morning trading in London after the mining company reported Wednesday lower production of copper and gold in fiscal 2014, primarily due to lower grades at Los Pelambres and Centinela.
Asian Stocks Mixed Before Fed Decision
Wed, 28 Jan 2015 09:35:49 GMT - Asian stocks turned in a mixed performance on Wednesday as weaker cues from overseas markets on the back of sluggish earnings reports from multinational companies and weaker-than-expected U.S. economic data kept investors on edge ahead of the Federal Reserve Open Market Committee's decision on interest rates due later in the day. Traders waited to see if the Fed has any plans to raise interest rates around the middle of the year.
Hennes & Mauritz Q4 Profit Rises, But Margin Weak; Stock Down
Wed, 28 Jan 2015 09:07:56 GMT - Shares of Hennes & Mauritz AB or H&M were losing around 2 percent in the early morning trading in Stockholm after the Swedish apparel retailer reported Wednesday weak margins in its fourth quarter, despite higher profit and sales. In the new financial year, sales in the month of December 2014 increased 15 percent in local currencies and sales in January 2015 are expected to increase by 14 percent.
Interesting Earnings For Jan. 28
Wed, 28 Jan 2015 09:00:32 GMT - Here is a list of interesting earnings for Jan 28.
STMicroelectronics Posts Profit In Q4, Sees Sequential Drop In Q1 Revenue
Wed, 28 Jan 2015 08:53:50 GMT - Chip-maker STMicroelectronics (STM) Wednesday reported a profit for the fourth quarter, compared to a loss last year, despite a decline in revenues. Looking ahead, the firm sees sequential drop in first-quarter revenues, amid a weak market.
German GfK Consumer Sentiment At 13-Year High
Wed, 28 Jan 2015 08:26:21 GMT - Germany's consumer confidence improved strongly to a 13-year high at the start of the year, as a collapse in energy prices boosted disposable income and raised room for more spending, survey data from the GfK showed Wednesday. The forward-looking consumer confidence index rose more-than-expected to 9.3 in February from 9.0 in January. This was the highest value since November 2001.
European Stocks Seen Higher Ahead Of Fed Decision
Wed, 28 Jan 2015 07:28:02 GMT - European stocks are likely to open higher on Wednesday, with technology stocks likely to be in focus after Apple reported quarterly earnings that surpassed Wall Street's lofty expectations. The company posted a record $18 billion profit in the first quarter on the sale of 74.5 million iPhones.
Roche FY14 Net Down, But Sales Rise; Hikes Dividend; Sees Earnings Growth
Wed, 28 Jan 2015 07:20:55 GMT - Swiss drug maker Roche Holding AG reported Wednesday lower profit in its fiscal 2014, hurt by debt restructuring, impairments and restructuring costs. Sales, however, increased on solid growth in both divisions driven by newly launched medicines and diagnostic tests. Further, the company announced higher dividend, and said it sees constant exchange rate growth in fiscal 2015 core earnings and sale
Singapore Central Bank Loosens Monetary Policy
Wed, 28 Jan 2015 05:06:55 GMT - At an unscheduled meeting on Wednesday, Singapore's central bank unexpectedly eased its monetary policy and downgraded its inflation forecast, citing lower oil prices. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band but the slope of the band will be reduced.
ABMD Posts Stellar Results, HNSN Rallies, STJ Gets FDA Nod, Watch Out For VBLT
Wed, 28 Jan 2015 04:52:59 GMT - Shares of ABIOMED Inc. (ABMD) rose more than 27 per cent in extended trading on Tuesday, following stellar Q3 fiscal 2015 results - with profit and revenue well above analysts' expectations.
Asian Markets Mostly Lower On Global Economic Concerns
Wed, 28 Jan 2015 02:58:06 GMT - Asian stock markets are mostly trading in negative territory on Wednesday amid concerns about global economic growth, after U.S. stocks closed lower overnight on the back of weak economic data and disappointing corporate earnings. Investors are also treading cautiously ahead of the U.S. Federal Reserve's monetary policy announcement later in the day.
Yahoo To Spin Off Alibaba Stake; Q4 Profit Falls, Yet Tops Street
Tue, 27 Jan 2015 23:59:42 GMT - Shares of Yahoo surged 7 percent after it announced a tax-free spin-off of its remaining stake in Alibaba, bowing to demand that shareholders partake the priced investment. Also the company reported a decline in fourth-quarter profit, hurt by a drop in ad revenues and its search business was lackluster.
Apple Profit Climbs 38% On Record IPhone Sales
Tue, 27 Jan 2015 23:07:07 GMT - Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales.
AT&T Q4 Beats Street On Subscriber Growth
Tue, 27 Jan 2015 23:00:28 GMT - AT&T Inc. (T) on Tuesday reported a fourth-quarter loss compared to a profit last year, hurt by one-time charges that offset a near four percent growth in revenues. Nonetheless, both adjusted earnings and revenues for the quarter came in ahead of Wall Street estimates, reflecting subscriber additions.
Stocks Fall Sharply On Disappointing Earnings News, Data - U.S. Commentary
Tue, 27 Jan 2015 21:22:17 GMT - After moving sharply lower at the start of trading on Tuesday, stocks remained stuck firmly in negative territory throughout the trading session. The losses on the day more than offset Monday's modest gains, with the Nasdaq snapping its six-day winning streak.
Crude Oil Ends Sharply Higher On OPEC Comments
Tue, 27 Jan 2015 19:56:26 GMT - U.S. crude oil snapped a three-day loss to end sharply higher on Tuesday, after the Organization of the Petroleum Exporting Countries indicated prices may have bottomed, with hopes that Saudi Arabia may step in to balance crude prices.
Walker Takes Step Toward Running For The White House In 2016
Tue, 27 Jan 2015 19:49:26 GMT - Wisconsin Gov. Scott Walker became the latest potential Republican presidential candidate to take a step toward a run at the White House on Tuesday.
Obama's Job Approval Rating Rebounds To 50%
Tue, 27 Jan 2015 19:11:27 GMT - With Americans' confidence in the U.S. economy showing a significant improvement, the results of a new Gallup poll show that President Barack Obama has also seen a notable boost to his job approval rating.
Gold Ends Higher Ahead Of Fed Meet, Weak Dollar
Tue, 27 Jan 2015 19:07:29 GMT - Gold futures snapped a two-day loss to end higher on Tuesday, as investors remained focused on the crucial Federal Reserve policy meet that began today, with the dollar trending lower after some disappointing durable goods orders data from the U.S.
Video Game Co. Mergers And IPOs At All-Time High In 2014: Study
Tue, 27 Jan 2015 18:19:03 GMT - The video game industry waltzed through 2014 with a record $24 billion in acquisitions and IPOs, says advisory firm Digi-Capital. The frenzied activity in the industry came as companies vied to get hold of game titles that could tilt the scale in their favor, and the need to shore up investment in infrastructure and marketing.
Snapchat Unveils New Discover Feature
Tue, 27 Jan 2015 18:02:19 GMT - Snapchat Inc., the ephemeral messaging service provider, Tuesday unveiled Discover, a new feature in the app that will showcase news articles, music and videos provided by media partners, like CNN, Comedy Central, Cosmopolitan, ESPN, and Warner Music.


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