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Abercrombie & Fitch Q2 Profit Rises, Revenue Misses View
Thu, 28 Aug 2014 12:34:28 GMT - Teen clothing retailer Abercrombie & Fitch Co. (ANF) Thursday reported increased profit for the second quarter, but sales declined and missed expectations. The stock dropped more than 5 percent in pre-market activity.
German Unemployment Increases Unexpectedly; Inflation Lowest Since 2010
Thu, 28 Aug 2014 12:33:55 GMT - Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported.
NASA To Develop World's Most Powerful Rocket For Journey To Mars By 2018
Thu, 28 Aug 2014 12:27:10 GMT - NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration
Dollar General Q2 Profit Climbs, Meets View
Thu, 28 Aug 2014 11:54:01 GMT - Discount retailer Dollar General Corp. (DG) Thursday said second-quarter profit increased from the prior year, amid higher revenues. Looking ahead to the full year, the company backed its earnings and revenue forecast, while reducing the lower end of its same-store sales growth forecast.
TD Bank Q3 Profit Climbs On Revenue Strength
Thu, 28 Aug 2014 11:37:59 GMT - Canada's second-largest lender TD Bank Group reported Thursday higher profit in its third quarter, reflecting strong growth in all segments, higher revenues as well as lower provision for credit losses. The company also declared a dividend.
Eurozone Economic Confidence Falls To 8-Month Low
Thu, 28 Aug 2014 11:33:34 GMT - Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.
Vivendi Gets Higher Offer From Telefonica For Brazil Unit
Thu, 28 Aug 2014 09:38:19 GMT - French conglomerate Vivendi SA announced Thursday that it has received two binding offers for its Global Village Telecom or GVT unit in Brazil, from Telecom Italia S.p.A (TI, TIAOF.PK) and Spanish telecom operator Telefonica SA (TDE.L, TEF). Telefonica's new bid for Vivendi's GVT values 7.45 billion euros.
Bouygues H1 Net Profit Climbs On Gain, Cuts Full-year Revenue Forecast
Thu, 28 Aug 2014 09:18:31 GMT - French conglomerate Bouygues Thursday said its first-half net profit increased significantly from last year due to a capital gain recorded in the period. The company lowered its revenue outlook for the year, after cautioning about the slowdown in public-sector orders in France.
Pernod Ricard Annual Profit Falls On China Sales
Thu, 28 Aug 2014 07:24:46 GMT - French producer of spirits and wines Pernod Ricard SA Thursday reported a 13 percent fall in fiscal year net profit, as annual sales dropped 7 percent, hurt by sharp sales decline in China, as well as unfavorable foreign exchange effect.
Veolia Environnement H1 Profit Soars; Backs Full-year View
Thu, 28 Aug 2014 07:08:29 GMT - French resource management firm Veolia Environnement S.A. (VE) Thursday reported a jump in its profit for the first half of the year, supported by growth in revenues. Further, the company reaffirmed its full-year outlook.
Toyota, Honda July Production Rise
Thu, 28 Aug 2014 06:58:14 GMT - Japanese automakers Toyota Motor Corp. (TYT.L, TM), Honda Motor Co. Ltd. (HMC), Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) and Mitsubishi Motors Corp. (7211, MMTOF.PK) Thursday reported production details for the month of July. While Toyota and Honda reported increased production, Nissan and Mitsubishi reported declines from last year.
Philippine Q2 GDP Growth Exceeds Expectations
Thu, 28 Aug 2014 06:20:04 GMT - The Philippine economy grew more-than-expected in the second quarter on strong support from foreign demand, figures from the National Statistical Coordination Board showed Thursday. Gross domestic product for the second quarter advanced 6.4 percent year-on-year, exceeding economists' expectation for 6.1 percent growth. This followed by a revised 5.6 percent rise seen in the first quarter.
Asian Markets Sluggish Amid Cautious Trades
Thu, 28 Aug 2014 03:33:35 GMT - Asian stock markets are mostly sluggish on Thursday, with investors looking for direction following a flat close on Wall Street overnight. Amid a lack of market-moving economic news, investors are mostly seen tracking corporate earnings reports. Though some of the markets are off their early lows, buying interest is somewhat subdued.
Workday Loss Below Estimates; Again Lifts FY Guidance
Wed, 27 Aug 2014 22:33:07 GMT - Cloud software provider Workday Inc reported a wider loss for the second quarter, hurt by operating expenses that offset robust growth in revenue. Results, however, fared better than Wall Street estimates, and the company lifted its guidance for the full year.
Guess Profit Declines; Shares Plunge On Soft Outlook
Wed, 27 Aug 2014 21:56:02 GMT - Guess reported a steeper-than-expected decline in second-quarter profit as the fashion apparel retailer was hurt by soft demand in North America and Europe, with margins under pressure. It provided pale guidance for the third quarter and cut expectations for the full year, sending its shares down about 8 percent in after-hours trade...
Williams-Sonoma Profit Rises, But Stock Down On Outlook
Wed, 27 Aug 2014 21:41:38 GMT - Williams-Sonoma Inc. (WSM) Wednesday reported an increase in profit for the second quarter, driven largely by growth in revenues and lower expenses with earnings in line with expectations. Nonetheless, revenues for the quarter fell short of estimates, as same-store sales slowed.
Crude Oil Ends A Tad Higher After Supply Data
Wed, 27 Aug 2014 19:12:34 GMT - U.S. crude oil ended a tad higher on Wednesday, after a weekly official oil report from the U.S. Energy Information Administration showed crude stockpiles in the U.S. to have dropped more than expected last week.
Gold Ends Lower With Little Economic Cues
Wed, 27 Aug 2014 18:00:09 GMT - Gold futures ended a shade lower on Wednesday, trading in a narrow band for much of the day with little economic cues for direction. Investors also continued to opt for the riskier equity assets after the S&P 500 posted its first-ever finish above the 2,000 mark yesterday.
Wall Street Posts Lackluster Performance After Recent Gains - U.S. Commentary
Wed, 27 Aug 2014 17:47:19 GMT - It has been a sluggish day on Wall Street. The major averages are showing slight gains during mid-afternoon trading, but they have bounced around the unchanged mark for most of the session. The S&P 500 is struggling to hold above the 2,000 mark after closing above that level the day before.
UN Probe Finds Mass Militant Atrocities In Syria, Recruitment Of Child Fighters
Wed, 27 Aug 2014 14:12:01 GMT - A UN report describing terrible atrocities carried out by Islamic State militants in Syria says children as young as 10 are being recruited and trained at ISIS camps as fighters. The report, based on 480 interviews and and evidence collected between 20 January and 15 July, chronicles the unimaginable brutality and human cost of the Syrian conflict. The report by the independent international com
Stocks Set For Flat Open, S&P Aims To Hold 2,000 -- U.S. Commentary
Wed, 27 Aug 2014 12:52:59 GMT - U.S. stocks were poised for a lackluster open Wednesday, with the S&P 500 clinging to the 2,000 mark following yesterday's record closing high above level.
Poverty In Latin America And Caribbean Reduced By Half: Study
Wed, 27 Aug 2014 12:30:28 GMT - Poverty in Latin America and the Caribbean has been reduced by almost half in the last decade, and the middle class grew by 82 million people, from 21 percent of the population in 2000 to 34 percent in 2012, according to new data released by the United Nations Development Program (UNDP). UNDP's analysis, based on data from the Center for Distributive, Labor and Social Studies (CEDLAS), highlights
German GfK Consumer Sentiment Set To Weaken In September
Wed, 27 Aug 2014 12:20:03 GMT - German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday.
FCA Fines GBP 14.5 Mln To RBS, NatWest Unit For Mortgage Advice Failures
Wed, 27 Aug 2014 12:18:49 GMT - The Financial Conduct Authority or FCA Wednesday announced that it has fined Royal Bank of Scotland Group Plc and its unit National Westminster Bank Plc or NatWest 14.475 million pounds for serious failings in their advised mortgage sales business.
Wall Street Holds Onto Slender Optimism
Wed, 27 Aug 2014 10:32:28 GMT - Trading in the U.S. index futures suggests that traders may still muster up courage to expand holdings in stocks despite the recent buoyancy. The major U.S. index futures point to a higher opening on Wednesday after Asian stocks closed higher, while the European markets are seeing a lackluster mood amid the release of some insipid economic data.
Asian Stocks Rise On Wall Street Cues
Wed, 27 Aug 2014 09:23:53 GMT - Asian stocks rose broadly on Wednesday after the S&P 500 closed above 2000 points for the first time in its history on Tuesday. Upbeat U.S. economic reports and continued speculation of further policy stimulus in the euro zone helped lift risk appetite.
European Stocks Seen Subdued After Rally
Wed, 27 Aug 2014 06:04:36 GMT - European stocks are seen inching lower on Wednesday after two days of strong gains. While the U.S. economy is showing promising signs of improvement, the euro zone economy is in danger of slipping again into recession, rekindling prospects of more stimulus when the European Central Bank's governing council meets next week. Investors will also keep a close eye on geopolitical developments as increased uncertainty will have spillover effects across the world.
Asian Markets Trade Higher
Wed, 27 Aug 2014 03:36:54 GMT - Asian stock markets are mostly trading higher on Wednesday, tracking cues from Wall Street where stocks closed on a positive note overnight on some upbeat economic data.
Analog Devices Profit Rises In Line; Outlook Strong
Tue, 26 Aug 2014 21:41:26 GMT - Analog Devices Inc (ADI), Tuesday reported an increase in third-quarter profit on an eight percent growth in revenue, with earnings coming in line with Wall Street estimates while revenue surpassed expectations.
S&P 500 Posts First-Ever Finish Above 2,000 -- U.S. Commentary
Tue, 26 Aug 2014 20:15:53 GMT - U.S. stocks edged higher on Tuesday, with the S&P 500 posting its first-ever finish above the 2,000 mark as strong economic data and a flurry of merger news contributed to buying interest.


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