U.S. stocks headed lower for the first time in three sessions after disappointing results from Merrill Lynch and a cautious outlook from United Technologies. via Reuters
"Capital One's bumpy ride will continue for some time"
Capital One Financial Corp.'s first-quarter profit fell 19 percent, weighed down by pressures on the company's U.S. businesses, the credit card company said Thursday. via Canadian Business Magazine
Japanese stocks rose for a third straight session Thursday, buoyed by banks and electronics issues following stronger-than-expected U.S. corporate earnings reports.
The Nikkei 225 index gained 252.17 points, or 1.92 percent, to 13,398.30 on the Tokyo Stock Exchange. The index rose 1.2 percent Wednesday.
'The market seems to have started rebounding,' said Hajime Kitano, chief Japanese equity strategist at JP Morgan.
Kitano said that on top of corporate earnings, investors were watching whether U.S. economic data show any signs of improvement. Read more
"At TD Ameritrade, in the face of what has been an incredibly tough market, we had a great quarter"
OMAHA, Neb. - Online brokerage TD Ameritrade Holding Corp. said Thursday its second-quarter profit jumped 32 per cent on strong trading activity and growth in its asset-based revenue. via Canadian Business Magazine
"Although the inventory situation in the U.S. is not desperate for either crude oil or refined products, the inventory draws were merely spice in an otherwise U.S. dollar-driven foreign exchange pricing frenzy for crude oil"
Oil held below $115 a barrel on Thursday after hitting a record high, as the dollar's extended slump and a big fall in U.S. gasoline stockpiles just weeks ahead of the summer driving season attracted fresh fund ... via KNST-AM Tucson
Templeton's Mobius says credit crisis is near end; Analysis by Mark Mobius of Templeton Asset Management; Analysis by Gary Shilling of A. Gary Shilling & Company via ClipSyndicate
A private business groups says that its index of leading economic indicators rose Friday, reversing five months of decline. via Fort Worth Star-Telegram
Wall Street headed for a lower opening Thursday with investors growing more cautious about the nation's financial health as they examined a batch of mixed earnings reports. via The Birmingham News
"Obviously, they have been impacted by Tamiflu but they have reiterated their guidance"
Roche Holding AG missed forecasts with a meager 2 percent increase in first-quarter sales in local currencies, hit by plunging Tamiflu revenue and a slowing pace of growth for cancer drugs. via Earth Times
"Teaming Macquarie and its global experience with SBI in its home market, where its reputation and credentials are beyond compare, will create a powerful partnership in India"
Fund to be launched by September this year. State Bank of India and Macquarie Capital Group said on Wednesday they intended to raise a new $2 billion fund that would invest in direct infrastructure investment ... via Business Standard
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