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STock Market 

(27-04-2011)
  • S&P 500 to test record high after BOJ ramps up stimulus

    Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - The S&P 500 could set a record high at the open on Friday as markets rallied globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. If futures' gains hold after the open, the S&P 500 could test its record high set more than a month ago. The December e-minis contract hit an intraday record earlier on Friday. ...


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  • AbbVie sales blow past forecasts, fueled by Humira
    AbbVie (Xetra: 4AB.DE - news) , which this month walked away from a $55 billion deal to buy Dublin drugmaker Shire , on Friday reported quarterly revenue and earnings well above Wall Street expectations, fueled by soaring sales of its Humira arthritis drug. Company sales rose 7.8 percent to $5.02 billion, topping the average analyst estimate of $4.83 billion, according to Thomson Reuters I/B/E/S. Analysts, on average, expected 77 cents per share, according to Thomson Reuters I/B/E/S.More

  • RBS making progress, but analysts raise concerns about future costs
    Third-quarter results from RBS were well-received by the stock market in London on Friday with shares rising strongly after better-than-expected profits and an improved balance sheet, though brokers remained ...More

  • KL shares finish higher
    KUALA LUMPUR: Upbeat sentiment from Wall Street's overnight gains drove Bursa Malaysia to close higher today, with all indices recording positive movement.More

  • Starbucks Americas sales disappoint on softer traffic

    Pedestrians walk past a Starbucks store in the Manhattan borough of New York(Reuters) - Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent. The world's biggest coffee chain said a 1 percent increase in traffic contributed to a 5 percent gain in sales for Americas-region cafes open at least 13 months. But that result fell short of the 6.2 percent same-store sales gain expected by analysts polled by Consensus Metrix. The U.S.-dominated Americas region contributes the majority of Starbucks revenue. ...


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  • Japan shares soar, yen skids after BOJ stuns with more easing steps
    By Lisa Twaronite TOKYO (Reuters) - Japanese stocks jumped and the yen skidded to six-year lows against the dollar on Friday after the Bank of Japan surprised markets with fresh easing steps - a move aimed at stoking inflation and recharging a fragile economic recovery. The Nikkei stock average rallied 3.9 percent after Japan's central bank said it would purchase more shares of exchange-traded funds and real estate investment trusts, and extend the duration of its portfolio of Japanese government bonds, to "pre-empt manifestation" of risks. Data released early on Friday showed Japan's annual core consumer inflation slowed for a second straight month in September, adding to evidence the BOJ is likely to miss its price goal. Before the BOJ's surprise, markets were chered by Wall Street's surge late in the session on Thursday, after data showed surprisingly strong third-quarter U.S.More

  • Titan shares slump after earnings
    Reuters Market Eye - Watches and jewellery maker Titan Company Ltd on slumps as much as 6.8 percent. Heads towards biggest single-day fall since Sept. 2013. July-Sept. earnings lagged some estimates. Profit rose 28.6 percent to 2.4 billion rupees ($39.12 million) and sales rose by 55.7 percent to 35.65 billion rupees. Strong sales growth driven by one-off jewellery sales led by the foreclosure of advance purchase schemes, says analysts. Shares down 6.1 percent at 10:00 a.m. ($1 = 61.3500 rupees) (Reporting by Abhishek Vishnoi)More

  • Bursa extends gains mid-morning
    KUALA LUMPUR: Bursa Malaysia extended its gains at mid-morning today as the overnight rise in Wall Street fuelled optimism in the local equities market.More

  • KL shares open higher, tracking Wall Street’s gains
    KUALA LUMPUR: Bursa Malaysia opened higher in line with regional bourses, after overnight gains on Wall Street.More

  • Wall Street up on GDP, earnings
    NEW YORK: US stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve's Wednesday statement indicating the economy is strengthening, gains on the S&P 500 were led by healthcare and utilities, traditionally defensive sectors. Analysts cited mutual funds purchases of the best performing stocks for the run in those sectors, as funds close their books for the year at the end of this month.More

  • Samsung Electronics shares rally on earnings, shareholder returns hopes
    SEOUL (Reuters) - Samsung Electronics shares extended sharp gains into a second-straight day, buoyed by hopes that the tech giant will turn its fortunes around in the fourth quarter ...More

  • Android co-founder Andy Rubin to leave Google
    By Devika Krishna Kumar (Reuters) - Google Inc said on Thursday that Andy Rubin, co-founder of its Android mobile business and head of its nascent robotics effort is leaving the company. Rubin will start a company to support startups interested in building technology-hardware products, Google said in an emailed response for comment on a Wall Street Journal report about his move. James Kuffner, a research scientist at Google and a member of the robotics group, will replace Rubin, the company added. ...More

  • London midday: BoJ stimulus sparks surge, as RBS and IAG jump
    London's stock market surged on Friday, following on from a stellar performance by Asian stocks after Japan's central bank surprised with an increase to its monetary-easing programme.More

  • Expedia's third-quarter profit soars 50 percent
    The world's largest online travel company by bookings posted net income of $257.1 million and earned $1.94 per diluted share, well ahead of Wall Street's average estimate of $1.74, according to Thomson Reuters I/B/E/S. Despite heavy competition abroad and concern that the Ebola virus would discourage travelers from planning vacations, the volume of Expedia Inc's bookings grew by 29 percent to nearly $13.5 billion in the quarter. Revenue from hotel bookings, which accounts for 73 percent of Expedia's business, jumped by 21 percent to buoy these results. "These results were pretty encouraging," said S&P Capital IQ analyst Tuna Amobi, noting that the company reaffirmed its guidance for the year.More

  • Citi cuts earnings due to regulatory probes
    NEW YORK (AP) — Citigroup has slashed its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.More

  • Dollar surges as Fed ends QE on hawkish note

    The London Stock Exchange building is seen in central LondonBy Yasmeen Abutaleb NEW YORK (Reuters) - The dollar surged to a three-week high and government bond yields rose on Thursday, one day after the U.S. Federal Reserve took a more hawkish tone in its assessment of the economy as it announced the end of its six-year bond-buying program. Global equity markets rose, led by a late-day surge on Wall Street, following the release of surprisingly strong third-quarter economic growth in the United States. The Fed's decision to halt new purchases of Treasury bonds and mortgage-backed securities had been expected. ...


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  • Wall St. up on GDP, earnings; fund year-end lifts winners

    Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve's Wednesday statement indicating the economy is strengthening, gains on the S&P 500 were led by healthcare and utilities, traditionally defensive sectors. ...


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  • US STOCKS-Wall St up on GDP, earnings; fund year-end lifts winners
    Analysts cited mutual funds purchases of the best performing stocks for the run in those sectors, as funds close their books for the year at the end of this month. "End of year for mutual funds is most likely going to be selling losers and continue to buy winners," said Art Hogan, chief market strategist at Wunderlich Securities in New York. Adding to support from earnings and economic data, market participants cited a report from the Nikkei newspaper that confirmed expectations that Japan's Government Pension Investment Fund, considered a bellwether for other Japanese institutional investors, will cut holdings of Japanese bonds and add to local and foreign equities.More

  • Visa and Baidu are big market movers
    Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Visa Inc., up $21.99 to $236.65 The world's largest processor of debit and credit ...More

  • Visa boosts Dow, S&P nears 2000 as Wall St rallies

    Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which rose 10 percent and accounted for more than 140 points in the Dow industrials. The Dow Jones industrial average rose 221.24 points, or 1.3 percent, to 17,195.55, the S&P 500 gained 12.33 points, or 0.62 percent, to 1,994.63 and the Nasdaq Composite added 16.91 points, or 0.37 percent, to 4,566.14. Healthcare and utilities, both up nearly 20 percent year-to-date, led gains on the S&P 500. ...


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