Huge Market archive - Worldwide News - and the biggest trading glossary
HOME | First Topics | Global Business
First Topics
Mixed News
Select News Provider
Market Summary

First Topics Global Business World Markets Latest News
  Financial Crisis Global Recession Credit Crunch News
  Commodity Markets Oil Prices, Gold, and more News
  Agribusiness News: Farming, Food Industries, Food Crises
  Technology Tech News Headlines and Articles
  World Top News Latest News Reports
News
News
News
News


SeekingAlpha.com: All News   RSS

Thursday, 24 April 2014, 8:18 GMT
Tensions back on the rise in eastern Ukraine
  • President Barack Obama has warned Russia of further sanctions if it doesn't act to ease tensions in eastern Ukraine, as agreed upon in a peace deal signed last week in Geneva.
  • Obama's comments come after Russian Foreign Minister Sergei Lavrov yesterday declared that an attack on his country's citizens in Ukraine "is an attack against the Russian Federation." He added that "if we are attacked, we would certainly respond."
  • Notwithstanding, Ukraine's police today cleared the municipality building in the southeastern city of Mariupol of pro-Russian protesters.
  • The move came after the government said yesterday that it would renew its action against the separatists across the whole region.
  • Meanwhile, IMF staff have backed a $17B bailout for Ukraine, Bloomberg reports, with the fund's board set to approve the rescue next week.
  • Russia's Micex index is -0.4%.
  • More on Ukraine
  • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
Tensions back on the rise in eastern Ukraine Post your comment!


Thursday, 24 April 2014, 8:07 GMT
German business confidence rises
  • The German Ifo institute's business climate index has increased to 111.2 in April from 110.7 in March and beaten consensus of 110.5.
  • The current-situation reading rose to 115.3 from 115.2 and exceeded forecasts of 115.7, while the expectations print climbed to 107.3 from 106.4 and topped estimates of 105.8.
  • The DAX is +0.8% and the euro is +0.15% at $1.3838.
  • CESifo Web site
  • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
German business confidence rises Post your comment!


Thursday, 24 April 2014, 7:37 GMT
IBERIABANK Corporation misses by $0.08, beats on revenue
  • IBERIABANK Corporation (IBKC): Q1 EPS of $0.73 misses by $0.08.
  • Revenue of $141.84M (+3.3% Y/Y) beats by $0.33M.
  • Press Release
IBERIABANK Corporation misses by $0.08, beats on revenue Post your comment!


Thursday, 24 April 2014, 7:36 GMT
NXP Semiconductors beats by $0.07, beats on revenue
  • NXP Semiconductors (NXPI): Q1 EPS of $0.98 beats by $0.07.
  • Revenue of $1.24B (+14.8% Y/Y) beats by $10M.
  • Press Release
NXP Semiconductors beats by $0.07, beats on revenue Post your comment!


Thursday, 24 April 2014, 7:35 GMT
Logitech International S.A. beats by $0.08, beats on revenue
  • Logitech International S.A. (LOGI): Q4 EPS of $0.14 beats by $0.08.
  • Revenue of $485.25M (+3.4% Y/Y) beats by $18.94M.
  • Press Release
Logitech International S.A. beats by $0.08, beats on revenue Post your comment!


Thursday, 24 April 2014, 7:15 GMT
Heineken revenues increase 3.4%
  • Heineken's (OTCQX:HEINY) Q1 revenue rose 3.4% to €4.04B but missed consensus of €4.24B.
  • Beer volumes +1.5% on a like-for-like basis to 38.2M hectoliters, below forecasts of 40.3M hectoliters.
  • Softness in Asia and Russia partially offset a pick-up in Africa and parts of Europe.
  • Heineken reiterated that its expects revenue to grow in 2014 on a like-for-like basis and excluding currency effects. The figure inched up just 0.1% in 2013. (PR)
Heineken revenues increase 3.4% Post your comment!


Thursday, 24 April 2014, 7:01 GMT
Unilever's sales hurt by currency fluctuations
  • Unilever's (UL) Q1 sales dropped 6.3% to €11.4B, hurt by currency weakness in emerging markets.
  • "Growth continued to slow in the emerging markets, particularly in South Asia and South East Asia," Unilever said. "Overall, developed markets remained weak although there were some further signs of improvement in southern Europe."
  • Underlying sales increased 3.6%, above analyst forecasts of 3.3% but softer than growth of 4.9% a year earlier.
  • Underlying selling volume +1.9% vs consensus of +1.7%; prices +1.6% vs +1.5%.
  • Sales breakdown: Personal Care €4.2B, Foods €3B, Home Care €2.2B, Refreshment €2.1B.
  • Declares quarterly interim dividends of €0.285 and £0.2338 a share. (PR)
Unilever's sales hurt by currency fluctuations Post your comment!


Thursday, 24 April 2014, 6:48 GMT
AstraZeneca's EPS misses consensus, revenue tops forecasts
  • AstraZeneca (AZN) core EPS of $1.17 misses by $0.06.
  • Revenues flat at $6.42B, topping consensus of $6.32B. Sales +3% at constant exchange rates (CER).
  • Core operating profit tumbles 11% to $1.95B.
  • Net profit halves to $504M from $1.01B, with earnings hurt by charges of $967M related to restructuring, amortization and other factors.
  • Sales breakdown: Brilinta $99M (+94% CER), diabetes $347M (+106%), respiratory $1.27B (+12%), emerging markets $1.42B (+11%) and Japan $537M (+13%).
  • AstraZeneca affirms its 2014 guidance, saying it expects core EPS to fall "in the teens" at CER and revenue to drop in the low-to-mid single digits on a percentage basis. (PR)
AstraZeneca's EPS misses consensus, revenue tops forecasts Post your comment!


Thursday, 24 April 2014, 6:25 GMT
Alstom dismisses reports about GE takeover talks
  • Alstom (OTCPK:ALSMY, OTCPK:AOMFF) hasn't been informed of any takeover offer, the French industrial group said today.
  • Alstom was responding to a Bloomberg report that GE (GE) is in talks to buy the company for $13B.
Alstom dismisses reports about GE takeover talks Post your comment!


Thursday, 24 April 2014, 6:20 GMT
Novartis net profit jumps 24% to almost $3B
  • Novartis' (NVS) Q1 net profit leapt 24% to $2.97B and beat consensus of $2.7B, boosted by new drugs such as cancer treatment Afinitor and multiple sclerosis pill Gilenya. Sales in emerging markets, particularly China, also helped lift Novartis' earnings.
  • Net sales rose 1% to $14.02B, falling short of estimates of $14.25B.
  • Sales of medicines launched in 2009 or later rose 17% to $4.3B. Gilenya revenue +31% at constant exchange rates to $552M.
  • Operating profit +22% to $3.5B.
  • Adjusted profit was flat at $3.21B, or 1.31 a share, with the EPS figure in line.
  • Novartis reiterated its forecast that 2014 sales will increase by a low to mid-single-digit percentage in constant currencies, and that core operating profit will grow more than sales.
  • Novartis' results come after the company announced over $15B worth of deals in a shake-up of its portfolio earlier this week. (PR)
Novartis net profit jumps 24% to almost $3B Post your comment!


Thursday, 24 April 2014, 4:10 GMT
Notable earnings after Thursday?s close
Notable earnings after Thursday?s close Post your comment!

Thursday, 24 April 2014, 4:05 GMT
Notable earnings before Thursday?s open
Notable earnings before Thursday?s open 2 comments!

Thursday, 24 April 2014, 4:00 GMT
Thursday's economic calendar
Thursday's economic calendar Post your comment!

Wednesday, 23 April 2014, 23:29 GMT
FCC to reportedly allow "fast lane" ISP charges; will Netflix pay?
  • Net neutrality supporters won't like this: The NYT and WSJ report the FCC will propose rules tomorrow that let ISPs charge content providers extra for priority access to their networks. The commission will continue prohibiting ISPs from limiting or blocking individual services.
  • FCC chairman Tom Wheeler has already hinted the commission could make such a move. Today's reports come after an appeals court threw out the FCC's existing neutrality rules in January; Netflix (NFLX) shares fell on the ruling.
  • Netflix, which accounts for a giant chunk of downstream U.S. broadband traffic, recently joined other Internet giants in paying direct peering fees to Comcast; that quickly led to a big improvement in Comcast's Netflix streaming speeds. But Reed Hastings has made it clear he's not thrilled with the deal, and wants tougher neutrality laws imposed.
FCC to reportedly allow 20 comments!


Wednesday, 23 April 2014, 23:08 GMT
CoBiz Financial Inc. misses by $0.03
CoBiz Financial Inc. misses by $0.03 Post your comment!

Wednesday, 23 April 2014, 23:07 GMT
Facebook's CC: Messenger users top 200M; slower ad growth expected
  • Over 200M of Facebook's (FB) 1.28B MAUs use Facebook Messenger, Mark Zuckerberg shares on the Q1 CC. That figure, which comes as Facebook begins requiring mobile users download the standalone Messenger app to use it, suggests Messenger's user base is on par with Instagram's and ~40% of WhatsApp's. (CC live blogs I, II)
  • Outgoing CFO David Ebersman notes headcount rose 39% Y/Y in Q1, and expects GAAP costs/expenses will grow 35%-40% in 2014; GAAP growth was 32% in Q1, and non-GAAP growth 26%.
  • Ebersman also warns Y/Y ad sales growth (+82% Y/Y in Q1) will slow meaningfully going forward. Facebook's 2014 revenue growth consensus (also accounts for payments/other revenue) was at 44.6% going into earnings.
  • Sheryl Sandberg cautions Facebook's auto-play video ads (launched last month amid high expectations) won't be a major contributor this year. On the other hand, she notes use of Facebook's custom targeting ad tools has grown 10x Y/Y, boosting ROI (and with it, ad prices).
  • Though accounting for just 16% of Facebook's MAU base, North America produced 47% of Facebook's Q1 revenue, down just slightly from Q4's 48%. Facebook's North American ARPU ($5.85, up $2.35 Y/Y) remains well above its ARPUs for Europe ($2.44, up $0.84), Asia ($0.93, up $0.29), and elsewhere ($0.70, up $0.20).
  • FB +3.7% AH. Q1 results, details, slides.
Facebook's CC: Messenger users top 200M; slower ad growth expected 2 comments!


Wednesday, 23 April 2014, 23:06 GMT
Pinnacle West Capital Corporation declares $0.5675 dividend
  • Pinnacle West Capital Corporation (PNW) declares $0.5675/share quarterly dividend, in line with previous.
  • Forward yield 4.08%
  • Payable June 2; for shareholders of record May 5; ex-div April 30.
Pinnacle West Capital Corporation declares $0.5675 dividend Post your comment!


Wednesday, 23 April 2014, 22:42 GMT
Eagle Rock Energy to suspend quarterly distribution
  • Eagle Rock Energy Partners (EROC) says it is suspending distributions in advance of closing the sale of its midstream business to Regency Energy Partners (RGP).
  • EROC says the FTC's request for additional information concerning the midstream sale has extended its original timeframe for closing the transaction and created the need to preserve greater liquidity in the interim to fund growth capex and other financial obligations.
  • EROC expects Q1 higher distributable cash flow than in Q4 2013, but says it may need to amend its credit facility if the sale does not close by the close of Q2.
Eagle Rock Energy to suspend quarterly distribution 4 comments!


Wednesday, 23 April 2014, 22:42 GMT
O'Reilly Automotive, Inc. beats by $0.03, beats on revenue
  • O'Reilly Automotive, Inc. (ORLY): Q1 EPS of $1.61 beats by $0.03.
  • Revenue of $1.73B (+8.8% Y/Y) beats by $10M.
  • Press Release
O'Reilly Automotive, Inc. beats by $0.03, beats on revenue Post your comment!


Wednesday, 23 April 2014, 22:41 GMT
Tech earnings guidance: Texas Instruments, Xilinx, ServiceNow
  • Texas Instruments (TXN) expects Q2 revenue of $3.14B-$3.4B and EPS of $0.55-$0.63, largely above a consensus of $3.15B and $0.52. Shares +3.4% AH. (Q1 results, PR)
  • Xilinx (XLNX) expects FQ1 revenue to be flat to up 4% from an FQ4 level of $617.8M. That implies a midpoint of $630.2M, below a $638.4M consensus. Shares -5.1% AH. Rival Altera (ALTR) -4% ahead of tomorrow's FQ1 report. (FQ4 results, PR)
  • ServiceNow (NOW) expects Q2 revenue of $160M-$162M and full-year revenue of $652M-$657M, above consensus forecasts of $156.7M and $644.2M. Shares -1.6% AH. (Q1 results, PR)
Tech earnings guidance: Texas Instruments, Xilinx, ServiceNow Post your comment!


Wednesday, 23 April 2014, 22:31 GMT
GE names ex-Vanguard chairman as lead board director
  • GE names former Vanguard mutual fund group chairman John Brennan as lead independent director on its board, a potential signal that the company is listening to shareholders as it seeks to restore its share price from its plunge during the financial crisis.
  • The elevation of an investor representative to a board leadership position puts GE "in the distinct minority" among large companies, said Ann Yerger, executive director of the Council of Institutional Investors, praising the move that "bring(s) a perspective that isn't always in abundance on boards."
GE names ex-Vanguard chairman as lead board director 1 comment!


Wednesday, 23 April 2014, 22:20 GMT
Core Labs -4.5% after missing Q1 numbers, guiding Q2 below consensus
  • Core Laboratories (CLB) -4.5% AH after reporting Q1 earnings and revenues that came in below Street expectations.
  • Reservoir Description operations, which focus primarily on offshore complex crude oil projects, posted Q1 revenues of $125M, up slightly from a year ago but less than expected as several deepwater projects were delayed because of projected cost overruns precipitating redesign of production facilities; operating margins rose 40 bps to ~28%.
  • Production Enhancement operations, which focus primarily on North American tight oil plays, posted Q1 revenues of ~$110M, up 3% Y/Y but lower than expected because of weather disruptions to tight oil operations and delays in deepwater Gulf of Mexico projects; operating margins rose 270 bps to ~35%.
  • Sees Q2 EPS of $1.48-$1.53 vs. analyst consensus estimate $1.54 and revenue of $280M-$286M vs. consensus $290M; sees FY 2014 EPS of $6.00-$6.25 vs. consensus $6.24 and revenue of $1.155B-$1.175B vs. consensus $1.176B.
Core Labs -4.5% after missing Q1 numbers, guiding Q2 below consensus Post your comment!


Wednesday, 23 April 2014, 22:19 GMT
Apple to raise more debt for cash returns; Cook open to big acquisitions
  • Apple (AAPL) aims to deliver annual dividend hikes going forward, new CFO Luca Maestri states on the CC. With the company's domestic cash balance now at $18B, Apple will once more tap debt markets to help pay for its dividend and freshly-expanded buyback program. (CC live blogs: I, II)
  • Tim Cook partly attributes FQ2's soft iPad sales to inventory changes; slowing tablet market growth might also be playing a role. iPad ASP was at $465, up from $440 in FQ1 and and $439 in FQ4 (suggests a mix shift towards the iPad Air).
  • Healthy emerging markets demand contributed to iPhone strength - BRIC sales hit a record, thanks in part to China Mobile. iPhone ASP came in at $596 vs. $637 in FQ1 and $577 in FQ4; Maestri suggests a mix shift towards the 4S contributed to the Q/Q drop.
  • Cook states Apple has bought 24 companies in the last 18 months - some are known to the public, but not all - and is "on the prowl" for deals. "We look for companies that have great people and great technology and that fit culturally and we don’t have a rule that says we can’t spend a lot or whatever."
  • Also: 1) Angela Ahrendts will begin working as Apple's retail chief next week. 2) 20M Apple TVs have now been cumulatively sold. 3) Roughly half of all iPhone buyers and 2/3 of iPad buyers were new buyers of the respective products. 4) There are now nearly 800M iTunes accounts. Will credit cards linked to them be leveraged for a payments service?
  • AAPL +7.7% AH. FQ2 results, split announcement, details.
Apple to raise more debt for cash returns; Cook open to big acquisitions 22 comments!


Wednesday, 23 April 2014, 22:17 GMT
Columbia Commercial Bancorp (Hillsboro OR) EPS $0.05
Columbia Commercial Bancorp (Hillsboro OR) EPS $0.05 Post your comment!

Wednesday, 23 April 2014, 22:10 GMT
First Industrial Realty Trust FFO misses by $0.03, beats on revenue
  • First Industrial Realty Trust (FR): Q1 FFO of $0.24 misses by $0.03.
  • Revenue of $86.17M (+3.5% Y/Y) beats by $1.64M.
  • Press Release
First Industrial Realty Trust  FFO misses by $0.03, beats on revenue Post your comment!


Wednesday, 23 April 2014, 22:09 GMT
Northeast Bancorp EPS of $0.04
  • Northeast Bancorp (NBN): Q3 EPS of $0.04 vs. $0.16 in 3Q13. (PR)
Northeast Bancorp EPS of $0.04 Post your comment!


Wednesday, 23 April 2014, 22:09 GMT
Orrstown Financial Services EPS $0.24.
Orrstown Financial Services  EPS $0.24. Post your comment!

Wednesday, 23 April 2014, 22:00 GMT
On the hour
  • S&P +0.29%.
  • 10-yr -0.07%.
  • Euro 0.% vs. dollar.
  • Crude +0.07% to $101.57.
  • Gold -0.04% to $1283.9.
On the hour Post your comment!


Wednesday, 23 April 2014, 21:54 GMT
Teradyne Inc. beats by $0.05, beats on revenue
  • Teradyne Inc. (TER): Q1 EPS of $0.11 beats by $0.05.
  • Revenue of $321M (+14.5% Y/Y) beats by $6.43M.
  • Press Release
Teradyne Inc. beats by $0.05, beats on revenue Post your comment!


Wednesday, 23 April 2014, 21:54 GMT
Dow Chemical CEO says he's been talking with Loeb
  • Dow Chemical's (DOW) Andrew Liveris has met activist investor Daniel Loeb several times to discuss the shareholder's call for a breakup of the company, the CEO says in today's earnings call.
  • Liveris said Dow had learned lessons from Loeb’s criticism, such as the need to be more transparent about its business, but still rejected his call for a breakup, saying he lacked the management’s “sheer weight of knowledge” about how the company earns its profits.
  • The CEO also confirmed Dow is committed to a more active sale program than it proposed last year, and now plans to sell businesses worth $4.5B-$6B by the end of next year, including ~$800M of sales already announced.
Dow Chemical CEO says he's been talking with Loeb 1 comment!



Global Business Overview

1mtx.com delivers latest small business news, business financial news, personal finance,
finance trends, forex news, commodity news, finance news, stock market index,
stock market news, stock data, agribusiness, technology and financial crisis.
See the latest Top Stories Worldwide. Business news include small business news,
business financial news, personal finance, finance trends, forex news, commodity news,
finance news, stock market index, stock data, stock market news, agribusiness,
financial crisis, and technology. 1mtx also covers personal finance, technology
and stock markets analysis, as well as Petroleum news and resources.
Topics including oil and gas, petroleum, petrochemicals, processing, oil and gas news.
All oil markets explained. Compare with other energy news. 1mtx.com has a unique
blend of news providers, get the best selection of news on one page.
Find all the best business related from A-Z on our page. Commodity markets,
financial crisis, Agribusiness, general business news, global business and technology -
worldwide breaking news. Check Reuters - Group of 20 news. Top election news,
AP Bank of America news, and importantEU information . Vatican top news.
Find the latest currency news, the best currency converter on 1mtx.com
and simultaneously receive Dollar Pound Euro Yen converter and 55 more pairs.
Get news and information about indices, sectors, stocks, futures and markets from US. / USA,
europe, asia pacific, africa and middle east. Together with currency trading news
from the forex market. Basically 1mtx.com covers global happenings and
provides trustworthy information and news from their partners like,
cnbc, cbot, bbc, new york times. news for iphone available.



USA AMERICAS  EUROPE   ASIA/PACIFIC   AFRICA/M.EAST
16501.65    
10:02 pm
0.00 (0.00%)
4126.967    
5:15pm
Up -34.491 (-0.83%)
1875.39    
4:30pm
Up -4.16 (-0.22%)
101.65    
3:52am
Up +0.21 (0.21%)
2.686    
2:59pm
Up -0.04 (-1.47%)
0.7225    
4:22am
Up -0.025 (-3.34%)
Facebook facebook   Twitter twitter
| Home | Imprint | Contact | Site map | Privacy | Copyright | Disclaimer | Advertisement | Partners | Press | Newsletter |