Fri, 25 Jul 2014 20:56:43 -0400

Amazon CEO Jeff Bezos discusses his company's new Fire smartphone in Seattle, WashingtonBy Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. "It does get frustrating when they continue to spend quarter after quarter and they don't let the revenue flow through," said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon.


Fri, 25 Jul 2014 20:53:14 -0400

Traders work on the floor of the New York Stock ExchangeBy Richard Leong NEW YORK (Reuters) - Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases. U.S. gross domestic product for the second quarter, due to be released Wednesday, is forecast to have grown 3.2 percent. Growth had shrunk 2.9 percent in the first quarter due to a harsh winter and spending cuts tied to the federal Affordable Care Act. Indeed, Friday's disappointing report on durable goods orders in June spurred JPMorgan and Goldman Sachs to shave their second-quarter outlook by 0.1 percentage point to 2.6 percent and 3.0 percent growth, respectively.


Fri, 25 Jul 2014 19:58:17 -0400

Worker handles items for delivery at Amazon's new distribution center in BrieselangBy Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. "It does get frustrating when they continue to spend quarter after quarter and they don't let the revenue flow through," said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon.


Fri, 25 Jul 2014 17:17:02 -0400

A sign board displaying Toronto Stock Exchange stock information is seen in TorontoBy Alastair Sharp TORONTO (Reuters) - Canada's main stock index showed no signs of slowing its ascent into uncharted territory on Friday, with gold miners and banks helping it to another record close and a 1.2 percent gain in a week of all-time highs. With the Toronto Stock Exchange's S&P/TSX composite index still relatively underperforming U.S. indices, investors are confident that economic fundamentals underpin the rally, despite worries of a pullback."In the grand scheme of things I'm fairly comfortable with valuations," said Marcus Xu, a portfolio manager at MY Capital Management Corp in Vancouver. "On the back of that notion commodities are doing fairly well." Canada's stock market relies on natural resource names for much of its bulk, and signs of global recovery help those stocks on the expectation that demand will pick up. Major gold miners were among the biggest positive contributors in the session, with Goldcorp Inc jumping 4.2 percent to C$30.51 and Barrick Gold Corp adding 2.8 percent to C$20.20.


Fri, 25 Jul 2014 16:33:08 -0400

A trader watches his screen on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results. While the S&P 500 found support at its 14-day moving average, suggesting a recent positive trend in equities remains intact, the day's decline was enough to erase the benchmark index's gain for the week. Amazon.com Inc tumbled 9.6 percent to $324.01 as the biggest drag on the S&P 500 after reporting an unexpectedly big second-quarter loss due to greater expenses on investments. Visa Inc was the Dow's largest decliner, down 3.6 percent to $214.77 after the world's largest credit and debit card company cut its revenue forecast for the year.


Fri, 25 Jul 2014 16:30:08 -0400
* Visa (Xetra: A0NC7B - news) , Amazon decline as earnings disappoint * Indexes down: Dow 0.7 pct, S&P 0.5 pct, Nasdaq 0.5 pct (Updates to close) NEW YORK, July 25 (Reuters) - U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results. While the S&P 500 found support at its 14-day moving average, suggesting a recent positive trend in equities remains intact, the day's decline was enough to erase the benchmark index's gain for the week.
Fri, 25 Jul 2014 16:19:26 -0400

The New York Stock Exchange is shown, Monday, July 15, 2013 in New York. European stock markets were down Friday, July 25, 2014 while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. (AP Photo/Mark Lennihan)NEW YORK (AP) — The stock market is ending lower after Visa and Amazon posted disappointing results.


Fri, 25 Jul 2014 15:07:13 -0400

Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in TokyoBy Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund manager David Einhorn, whose picks are closely watched on Wall Street, said he is betting against supermarket chain Safeway Inc but still likes his biggest holdings, including Apple Inc. Einhorn's Greenlight Capital told investors in a letter seen by Reuters that gains in Micron Technology, Apple and SunEdison Inc helped push its funds up 7.9 percent during the second quarter, leaving it with gains of 6.4 percent for the first half. It also described short positions against Safeway, Questcor Pharmaceuticals Inc, cigarette maker Lorillard Inc and Martin Marietta Materials Inc, all of which have been involved in what Einhorn calls "takeover season." Questcor "was the only significant loser in the portfolio," the letter said.


Fri, 25 Jul 2014 13:00:34 -0400

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - Disappointing earnings from Amazon and Visa dragged U.S. stocks lower in afternoon trading on Friday in a broad selloff led by consumer discretionary shares. Amazon tumbled 10.3 percent to $320.70 after reporting an unexpectedly big loss for the second quarter, citing greater expenses on investments. We had a series of good reports but Amazon in particular was a disappointment and has led to some profit taking,” said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey. Amazon dragged on the consumer discretionary sector , which lost 1.1 percent.


Fri, 25 Jul 2014 12:50:15 -0400
* Amazon shares tumble after larger-than-expected loss * Indexes down: Dow 0.75 pct, S&P 0.47 pct, Nasdaq 0.58 pct (Updates prices, adds to comment) NEW YORK, July 25 (Reuters) - Disappointing earnings from Amazon and Visa (Xetra: A0NC7B - news) dragged U.S. stocks lower in afternoon trading on Friday in a broad selloff led by consumer discretionary shares. Amazon tumbled 10.3 percent to $320.70 after reporting an unexpectedly big loss for the second quarter, citing greater expenses on investments.
Fri, 25 Jul 2014 12:36:35 -0400
SOVEREIGN ratings agency Standard and Poor’s (S&P) is encouraged by the government’s announcement of the Goods and Services Tax (GST) and subsidy rationalisation programme.
Fri, 25 Jul 2014 12:20:18 -0400

The New York Stock Exchange is shown, Monday, July 15, 2013 in New York. European stock markets were down Friday, July 25, 2014 while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. (AP Photo/Mark Lennihan)NEW YORK (AP) — The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected.


Fri, 25 Jul 2014 12:17:35 -0400
LONDON (AP) — Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses.
Fri, 25 Jul 2014 12:16:29 -0400

A man walks past the London Stock Exchange in the City of LondonBy Francesco Canepa LONDON (Reuters) - Britain's main equity index closed lower on Friday as new tensions between Russia and Ukraine and falls on Wall Street led traders to cash in on their weekly gains just before the close. The FTSE 100 closed 29.91 points, or 0.4 percent lower, at 6,791.55 points, erasing nearly half its weekly gains in the last hour of trading after Russia accused Ukraine of having shelled across the border. "There's uncertainty out there in Ukraine and the market had a bit of an exit move," Mark Priest, a senior trader at ETX Capital, said. BSkyB was the heaviest faller on the FTSE, sliding 5.5 percent, after the company placed shares representing nearly 10 percent of its capital to finance part of its acquisition of Sky Deutschland and Sky Italia.


Fri, 25 Jul 2014 12:11:16 -0400
U.S. earnings disappointments, including from Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar. Amazon.com ...
Fri, 25 Jul 2014 12:10:09 -0400
STOCKS rose 0.31 per cent yesterday, a fourth-straight advance, following a record close on Wall Street and with confidence boosted by a strong reading on Chinese manufacturing activity.
Fri, 25 Jul 2014 12:07:38 -0400
HONG KONG: Asian markets mostly rose yesterday following another record close on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows.
Fri, 25 Jul 2014 11:33:15 -0400
Weak German economic data and some earnings disappointments pressured world stock markets on Friday and left the euro at an eight-month low against the U.S. dollar. Stronger-than-expected U.S. durable ...
Fri, 25 Jul 2014 10:43:48 -0400

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) - Disappointing earnings from Amazon and Visa dragged U.S. stocks lower on Friday in a broad selloff led by consumer discretionary shares. Amazon tumbled 10.7 percent to $320.11 after reporting an unexpectedly big loss for the second quarter, citing greater expenses on investments. We had a series of good reports but Amazon in particular was a disappointment and has led to some profit taking,” said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey. Amazon dragged on the consumer discretionary sector , which lost 0.9 percent.


Fri, 25 Jul 2014 10:38:51 -0400
Disappointing earnings from Amazon and Visa dragged U.S. stocks lower on Friday in a broad selloff led by consumer discretionary shares. Amazon tumbled 10.7 percent to $320.11 after reporting an unexpectedly ...
Fri, 25 Jul 2014 09:49:46 -0400
NEW YORK (AP) — The stock market is lower in early trading after online retail giant Amazon posted a quarterly loss.
Fri, 25 Jul 2014 09:43:22 -0400
Food group Danone (DANO.PA) is confident of hitting full-year targets despite a weak first-half as it looks to a stabilization of European dairy revenues this year and the launch of new baby food products in China. The world's largest yoghurt maker posted a worse-than-expected 10 percent fall in first-half operating profit on Friday after sluggish sales of baby food in Asia and dairy products in Europe took their toll. Danone, whose recent woes have refocused investor attention on whether it can survive on its own, said it was working on a plan to ensure long-term growth but insisted the project was not a "strategic review" involving any major deals. The Wall Street Journal said earlier this week that Danone was looking at whether to pursue a big alliance to gain more muscle on the global stage.
Fri, 25 Jul 2014 09:39:58 -0400

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks fell at the open on Friday following back-to-back record high closes on the S&P 500, weighed by declines in Amazon and Visa after the companies reported earnings. The Dow Jones industrial average fell 90.71 points or 0.53 percent, to 16,993.09, the S&P 500 lost 6.93 points or 0.35 percent, to 1,981.05 and the Nasdaq Composite dropped 25.98 points or 0.58 percent, to 4,446.13. Amazon was the largest decliner on the S&P 500, down nearly 12 percent. (Reporting by Rodrigo Campos; Editing by Bernadette Baum)


Fri, 25 Jul 2014 09:35:55 -0400
U.S. stocks fell at the open on Friday following back-to-back record high closes on the S&P 500, weighed by declines in Amazon and Visa after the companies reported earnings. The Dow Jones industrial average ...
Fri, 25 Jul 2014 05:16:53 -0400
Shares in Biocon Ltd slump more than 7 percent after June-quarter earnings disappoint some investors. Biocon's June-quarter consolidated net profit up 9 percent to 1.03 billion rupees ($17.14 million). On-going geo-political conflicts in MENA region, affected growth in the biopharma business, which de-grew by 3 percent year-on-year, Edelweiss Securities says in a note to clients. Shares down 7.6 percent to 478.50 rupees as of 2:46 p.m. (Reporting by Dipika Lalwani)
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