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Coke, Goldman earnings good enough for Wall Street
Jul 17th, 2012
NEW YORK (Reuters) - U.S. stocks rose on Tuesday after Coca-Cola and Goldman Sachs joined the growing roster of S&P companies that beat profit forecasts and as Federal Reserve Chairman Ben Bernanke left the door open to more stimulus. Fears of a collapse in earnings have not been borne out thus far. Though the earnings season has been under way a short time, some 72 percent of companies have beaten estimates, albeit from a significantly lowered bar. Goldman Sachs shares ended up 0.3 percent at $97.98 even as its quarterly profit fell 12 percent. ... (Source: Reuters) -
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China , offering to sell its entire remaining stake in the world's biggest bank by market value. The sale by Goldman would be the final chapter in the Wall St... [Full Article]
MUMBAI (Reuters) - Shares in Tech Mahindra Ltd rose as much as 6.8 percent on Wednesday after its January-March quarter net profit rose 24 percent, beating estimates. Tech Mahindra said its March-quarter consolidated net profit rose 24.4 percent to 3.77 billion rupees. The results came out after the close of markets on Tuesday. (Reporting by Abhish... [Full Article]
By Asli Kandemir ISTANBUL (Reuters) - Turkey's contemporary art scene is buzzing. Collectors pay millions for the hottest works at exclusive auctions, high-end galleries are springing up by the dozen, and more and more Turkish artists are holding exhibitions abroad. The clients are the usual family magnates and super-rich - Istanbul ranks fift... [Full Article]
MADRID (Reuters) - The Spanish stock market regulator said on Tuesday that airline IAG had enough bid acceptances to gain control of airline Vueling . IAG, which already owns 45.85 percent of Vueling as well as British Airways and Spanish airline Iberia, last month raised its bid by almost one third after Vueling rejected a previous offer of 7 euro... [Full Article]
By Suzanne Barlyn WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum, the Financial Industry Regulatory Authority's chairman and chief ex... [Full Article]
Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products. But the home improvement chain's quarterly performance missed Wall Street's expectations. ... (Source: Associated Press)... [Full Article]
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