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Monthly Archives: July 2010

Overnight Market News – July 30, 2010

30-Jul-10

Merck & Co Inc Posts Q02 2010 Earnings per Share, Excluding One-Offs of USD 0.86 up from USD 0.83 a Year Ago and Topping Wall Street Views for Flat Results French Oil Company, Total SA Posts 43% Increase in Q02 2010 Profit to EUR 3.1B (USD 4.05B) Lifted by Higher Production and Oil Prices Hong [...]

Overnight Market News – July 29, 2010

29-Jul-10

Siemens AG Raises Full-Year Outlook as Fiscal Q03 2010 Total Sectors Profit Jumps 40% to EUR 2.33B from EUR 1.66B on Rebound in Demand and Cost Savings Europe’s Largest Oil Company, Royal Dutch Shell Plc Posts 15% Rise in Q02 2010 Earnings Excluding Identified Items to USD 4.39B from USD 3.82B on Higher Oil Prices [...]

Overnight Market News – July 28, 2010

28-Jul-10

Telefonica SA Agrees to Buy Portugal Telecom’s Stake in Vivo Participacoes SA for USD 9.8B, 32% Higher Than its Initial Bid in May Google Inc in Talks with Gaming Companies as it Seeks to Develop a Service to Compete with Social Networking Website Facebook PSA Peugeot Citroen Reports First-Half Net Income of EUR 680mm Compared [...]

Overnight Market News – July 27, 2010

27-Jul-10

BP Plc Posts Record Q02 2010 Net Loss of USD 17.2B Versus USD 4.39B Net Profit a Year Earlier on Hefty Oil Spill Charges Deutsche Bank AG’s Q02 2010 Net Profit Rises to EUR 1.2B from EUR 1.1B on Gains in Transaction Banking and Asset Management UBS AG Beats Estimates with Q03 2010 Net Income [...]

Overnight Market News – July 26, 2010

26-Jul-10

BP PLC to Name Managing Director Robert Dudley to Succeed Chief Executive Officer Tony Hayward, Widely Criticized for His Handling of the Gulf of Mexico Oil Spill Wal-Mart Stores Inc’s US Apparel Chief, Dottie Mattison Resigns, Marking the Third Departure in Less Than a Month European Banks to Raise USD 4.5B of Capital Following the [...]

Overnight Market News – July 22, 2010

22-Jul-10

Caterpillar Inc Blows Past Estimates with 51% Climb in Q02 2010 Profit to USD 1.09 a Share as Sales Increased 30% to USD 10.41B Nokia Oyj Posts 40% Decline in Q02 2010 Net Income to USD 291mm on Competition from Apple Inc’s iPhone and Devices Running Google Inc’s Android Software BP Plc Defends Embattled Chief [...]

Overnight Market News – July 19, 2010

19-Jul-10

The Boeing Co Receives USD 9.1B Order for 30 Long-Range Jets from Emirates Airline Moody’s Investors Service Downgrades Ireland’s Credit Rating by One Notch to Aa2 as Costs to Rescue its Financial Sector Mount Hungary’s Talks with the International Monetary Fund Halt as the Government Refuses to Implement Austerity Measures to Achieve Budget Deficit Target [...]

Overnight Market News – July 15, 2010

15-Jul-10

Economic Expansion in China Slows Moderately in Second Quarter to 10.3% After Credit Cuts Jeffrey Immelt Announces General Electric Co’s Plan to Spend USD 20B on Technology to Increase Future Growth Prospects JPMorgan Chase & Co Second-Quarter Net Profit Surges to USD 1.09 per Share from USD 0.28 per Share a Year Earlier as Loan [...]

Overnight Market News – July 14, 2010

14-Jul-10

Intel Corp Swings to Second-Quarter Profit of USD 0.51 per Share Versus Year Ago Loss of USD 0.07 per Share as Demand Improved Singapore Forecasts 2010 Economic Growth of Between 13-15% Following a Record 19.3% Expansion in Q02 2010 Mining Giant, Rio Tinto Group Plc Says Iron Ore Output Fell 2% to 43.6mm Metric Tonnes [...]

Overnight Market News – July 13, 2010

14-Jul-10

Alcoa Inc Swings to Profit in Second Quarter With Net Earnings of USD 136mm, Compared With a Loss of USD 454mm a Year Ago as Sales Surged 18% BP Plc Successfully Installs New Sealing Cap on its Leaking Gulf of Mexico Oil Well, to Begin Pressure Tests Today Moody’s Investor Service Lowers Portugal’s Debt Rating [...]