Tue Jul 23, 2013 8:32pm EDT * MSCI Asia ex-Japan up slightly after previous session's rally * HSBC flash PMI awaited for latest clue on China manufacturing * Australia inflation data could boost RBA rate hike expectations By Lisa Twaronite TOKYO, July 24 (Reuters) - Most Asian stock markets edged up in a tentative morning session on Wednesday, while the dollar treaded water, as investors ...
Harold Macmillans Premium Bonds plan survives another cut
Harold Macmillan launched Premium Bonds in 1956 with a simple aim: to encourage the post-war generation to save. Sure, he also hoped the move would help control inflation, but while that intention is long-forgotten, the first part of Supermac's plan continues to be a huge ...
Global markets drop as more US companies release earnings
United States Wall Street ended the trading session mixed as investors weighed up company earnings results and the prospect of the US Federal Reserve's stimulus measures being scaled back.The Dow Jones Industrial Average added 0.1 per cent or 22 points to 15,568.The S&P 500 Index fell for the first time in four days, by 3 points to 1,692.The focus of the market was on earnings.Of the ...
UPDATE 3-ATT quarterly profit misses Wall Street estimates
Tue Jul 23, 2013 7:23pm EDT By Sinead Carew NEW YORK, July 23 (Reuters) - AT&T Inc posted a quarterly profit on Tuesday that missed Wall Street expectations as it was hit by rising costs, and its shares fell 1 percent in late trade. AT&T's revenue was better than expected -- helped by growth of its wireless and enterprise businesses. But strong wireless growth comes at a cost because the ...
Fitch Affirms ILPIBB and Indiana Finance Auth. Citizens Energy Group Bonds at AA-
Fitch Shakes up Rating-Agency Rankings For the first time, Fitch has overtaken Moody's in the competition for structured-product ratings assignments in the U.S. and is closing in on front-runner S&P. Among the "big three" rating agencies, Fitch was the only one to increase its market share in the first ...
SWFs to get access to tax-free infra bonds
The government is set to allow a direct line of investment for sovereign wealth funds (SWFs) in the tax-free infrastructure bonds as part of measures to shore up forex reserves and stem rupee ...
Anthony Weiner staying in NYC mayoral race
New York City mayoral candidate Anthony Weiner said on Tuesday he will stay in the race despite admitting he sent newly revealed sexually explicit online chats and photos even after he resigned from Congress. "I want to bring my vision to the people of the city of New York. I hope they're willing to still continue to give me a second chance," he told a news conference. (Reporting ...
Apple profits fall but beat gloomy estimates
The company sold 31.2 million iPhones last quarter -- a number practically no one saw coming -- lifting Apple's overall sales and helping Apple's profit surpass some pretty gloomy expectations from Wall Street ...
Probing the why of Wall Street insider trading
Rajat Gupta, right, is accompanied by his attorney as he leaves federal court in New York last October. He was fined $13.9 million for his part in insider trading. (Associated ...
Summers now front-runner for Fed chairman report
, citing unnamed sources "inside and outside the process." The former Treasury secretary is seen as liked by President Barack Obama and trusted in a crisis, whereas Fed vice chair Janet Yellen isn't known as well by Obama or other top White House economic aides, the report says. Further, Summers' reputation for being difficult to work with isn't shared by Obama or other ...
Oil up in electronic trade after API supply data
SAN FRANCISCO (MarketWatch) -- Oil futures were modestly higher in electronic trading late Tuesday following news of a decline in U.S. crude supplies that was a bit smaller than expected. The American Petroleum Institute said supplies fell 1.4 million barrels for the week ended July 19, according to sources. A Platts analyst survey showed a forecast for a 2.6 million-barrel decline. The API ...
Apple beats Wall Street view shares up 4 percent
Reuters ? Apple Inc. CEO Tim Cook addresses the crowd during the Apple Worldwide Developers Conference (WWDC) 2013 in San Francisco, California in this June 10, 2013 file photo. REUTERS/Stephen ...
How the Dow Jones industrial average fared Tuesday
Corporate earnings news gave investors little direction Tuesday, leaving the stock market little changed Tuesday. Most major indexes closed slightly lower, except for the Dow Jones industrial average. Yet even there the gain was due entirely to the increase in one stock, United Technologies.The Dow Jones industrial average rose 22.19 points, or 0.1 percent, to close at 15,567.74.The Standard ...
ATT revenue beats Wall St. estimates
AT&T reported strong subscriber growth and quarterly revenue that beat market expectations Tuesday, but earnings missed by one cent as operating expenses rose in the period. The No. 2 U.S. mobile service added 551,000 wireless postpaid subscribers in the quarter, its best second-quarter in postpaid net adds in four years, the company said in a statement. AT&T added 1.2 million new ...
Detroit bankruptcy cleared to proceed
At issue: Does the Michigan constitution bar the federal bankruptcy from going forward? Do the state courts have any power to stop a federal bankruptcy ...
Apple Beats Wall Streets Expectations
SAN FRANCISCO ...
Juniper beats estimates CEO stepping down
+2.84% on Tuesday reported a second-quarter profit of $97.9 million, or 19 cents a share, compared with a profit of $57.7 million, or 11 cents a share, in the year-earlier period. Revenue rose to $1.15 billion from $1.07 billion. Adjusted profit was 29 cents a share. Analysts polled by FactSet on average were expecting the networking gear maker to report a profit of 25 cents a share, on revenue ...
Broadcom swings to second-quarter loss
-4.27% on Tuesday reported a second-quarter loss of $251 million, or 43 cents a share, on revenue of $2.09 billion. During the year-ago period, Broadcom earned $160 million, or 28 cents a share, on $1.97 billion in sales. Excluding one-time items, Broadcom would have earned $436 million, or 70 cents a share. Analysts surveyed by FactSet had forecast Broadcom to earn 69 cents a share on $2.1 ...
VMware beats estimates stock jumps
+1.97% on Tuesday reported a second-quarter profit of $244 million, or 57 cents a share, compared with a profit of $191.7 million, or 44 cents a share, for the year-earlier period. Revenue rose to $1.24 billion from $1.12 billion. Adjusted profit was 79 cents a share. Analysts polled by FactSet on average were expecting the business software company to report a profit of 77 cents a share, on ...
ATT reports earnings of $3.8 billion
+0.65% on Tuesday reported a second-quarter profit of $3.8 billion, or 71 cents a share, on revenue of $32.1 billion, compared with earnings of $3.9 billion, or 66 cents a share, on $31.6 billion in sales, in the year-ago period. Analysts surveyed by FactSet had forecast AT&T to earn 68 cents a share on $31.8 billion in revenue. AT&T said that during the quarter, it added 551,000 ...
U.S. stocks end mostly lower Dow climbs to record
-0.59% dropped 21.11 points, or 0.6%, to 3,579.27. Bucking the negative trend, the Dow rose 22.19 points, or 0.1%, to 15,567.74, marking its 28th record close this ...
EA beats Street targets for first fiscal quarter
SAN FRANCISCO (MarketWatch) -- Electronic Arts Inc. reported a rise in earnings for its first fiscal quarter on Tuesday afternoon, beating Wall Street's targets thanks to strong growth in its digital game channels. For the period ended June 30, ...
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