Connect to share and comment

Tokyo stocks slip 0.36% by break

Tokyo stocks slipped 0.36 percent Thursday morning, a day after posting its sharpest rise in two months, while analysts said there were lingering concerns about the impact of this month's sales tax rise. The benchmark Nikkei 225 index, which soared 3.01 percent on Wednesday, lost 51.77 points to 14,365.91 by the break, while the Topix index of all first-section shares was down 0.23 percent, or 2.74 points, at 1,163.81.

Home Depot puts a lid on new-store openings: WSJ

(Reuters) - Home Depot Inc <HD.N> is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported. "The retail model forever was to increase sales through opening additional units, but as you added stores to a finite group of households, each store becomes less profitable," Home Depot Chief Executive Frank Blake told the Journal in an interview.

US stocks higher after positive housing, output data

US stocks rose in early trade on Wednesday after positive reports on the housing market and industrial production for March pointed to the economy emerging from bad winter weather. After 50 minutes of trade, the Dow Jones Industrial Average was up 94.50 points (0.58 percent) at 16,357.06. The broad-based S&P 500 rose 9.10 (0.49 percent) to 1,852.08, while the Nasdaq Composite was the strongest gainer, adding 26.70 (0.66 percent) at 4,060.87.

Americas News Agenda for April 16

Duty Editor: Stephanie Griffith Tel: +1 202 414 0541 What's happening in the Americas on Wednesday: + Kerry departs for Ukraine crisis talks WASHINGTON: US Secretary of State John Kerry heads to Geneva for closely-watched talks on the crisis in Ukraine, the worst East-West standoff since the Cold War. (UKRAINE-POLITICS-CRISIS-US) -- OTHER AGENDA ITEMS --

New CEO Nadella pushes data culture at Microsoft

SAN FRANCISCO (Reuters) - Microsoft Corp needs a "data culture" to thrive in the new computing environment, according to chief executive Satya Nadella, in his third public appearance in three weeks putting his imprint on the software company. Nadella, who took the helm in February, is seeking to push Microsoft further toward mobile and 'cloud,' or Internet-connected, computing. That marks a shift from his predecessor, Steve Ballmer, whose world view was more tied to personal computers and the Windows operating system.

Charles Schwab, MasterCard, PetSmart, Halozyme and Coca-Cola are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., up $1.45 to $40.18 The first global sales volume decline for soda in at least a decade was offset by sales of noncarbonated drinks such as juice. MasterCard Inc., up 97 cents to $72.15 Janney Capital upgraded major credit card companies citing a significant pullback in stock prices and solid business plans. Johnson

US stocks close higher, extending modest rally; Johnson & Johnson reports higher earnings

NEW YORK, N.Y. - Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. Coca-Cola rose 4 per cent after reporting higher sales of non-carbonated beverages. Johnson Toll Brothers and other homebuilders fell after a measure of the industry's confidence in the housing market remained low. Apple and Netflix also fell. Major U.S. indexes moved between gains and losses all day before ending slightly higher. The Standard

Johnson & Johnson's Q1 profit rises 8 pct on lower spending, surge in prescription drug sales

A turnaround in Johnson The world's biggest maker of health care products beat Wall Street expectations and raised its earnings outlook Tuesday. The maker of Band-Aids and biologic drugs said net income was $4.73 billion, or $1.64 per share, up from $3.5 billion, or $1.22 per share, a year earlier. Excluding one-time items, income was $4.43 billion, or $1.54 per share. Analysts expected $1.48. The New Brunswick, N.J., company said revenue totalled $18.12 billion, up 3.5 per cent. Analysts expected $18.04 billion.

US stocks drift lower in midday trading; Homebuilders sink on weak confidence survey

NEW YORK, N.Y. - U.S. stocks are moving lower in midday trading, giving up an early gain. Beazer Homes, Ryland Group and other homebuilder stocks fell after a survey showed that the industry's confidence in the housing market remains low. Coca-Cola rose after reporting higher sales of non-carbonated beverages. Johnson The Standard The Dow Jones industrial average shed 54 points, or 0.3 per cent, to 16,119. The Nasdaq composite dropped 46 points, or 1.2 per cent, to 3,977. Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 per cent.

US stocks drift lower in midday trading; Homebuilders sink on weak confidence survey

NEW YORK, N.Y. - U.S. stocks are moving lower in midday trading, giving up an early gain. Beazer Homes, Ryland Group and other homebuilder stocks fell after a survey showed that the industry's confidence in the housing market remains low. Coca-Cola rose after reporting higher sales of non-carbonated beverages. Johnson The Standard The Dow Jones industrial average shed 54 points, or 0.3 per cent, to 16,119. The Nasdaq composite dropped 46 points, or 1.2 per cent, to 3,977. Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 per cent.
Syndicate content