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Lowe’s Companies Inc. share price down, posts upbeat Q2 earnings, lowers growth guidance

August 20, 2014 12:25 pm
Lowes, the worlds second-top home improvement retailer, posted its earnings report for the second quarter ended August 1 today, revealing robust sales growth. Despite the upbeat operational results, however, the company lowered its full-year sales growth projection, pressuring shares some 3% down in premarket trade. The Mooresville, North Carolina-based company reported $16.59 billion in revenue, […] Read more

FTSE 100 index retreats from 3-week high; Fed, BoE minutes eyed

August 20, 2014 8:22 am
Britains blue-chip index fell on Wednesday after settling at a three-week high on Tuesday as investors awaited cues from central banks. Receding, but persisting geopolitical tensions in several hot regions kept equity gains in check. The FTSE 100 index was down 0.31%, or 21.01 points, at 6 758.30 points at 8:16 GMT, having shifted in […] Read more

Apple Inc.’s share price record high as investors eye new releases

August 20, 2014 8:07 am
Apple Inc. shares closed at an all-time high on Tuesday, pricing the worlds most valuable company at some $600 billion, as markets expect the release of new products set to push the companys revenue growth, and stock, even higher. Tuesdays close of $100.53 beat the previous, September 19 2012, record of $100.30. Analysts commented that […] Read more

Home Depot Inc. share price climbs, posts encouraging Q2 results, ups guidance

August 19, 2014 2:49 pm
Home Depot Inc., the largest US home-improvement retailer, posted earnings for Q2 earlier today, to reveal a sizable increase in both sales and net income, while also increasing its full-year profit guidance. Second quarter revenue was logged at $23.81 billion, up 5.7% on an annual basis, while net income added 13.8% at $2.1bn. A $3.5bn […] Read more

Imperial Tobacco Group Plc share price up, reports a smaller nine-month net revenue decline due to improving European market

August 19, 2014 1:52 pm
Europes second-largest tobacco company – Imperial Tobacco Group Plc reported a smaller decline in its nine-month net revenue in comparison to analysts estimates. The company said the improving European market helped offset a “significant deterioration” in Russia. Imperial Tobacco Group reported a 1% sales decline to 4.75 billion pounds ($7.95 billion) over the nine months […] Read more

AP Moeller-Maersk A/S share price up, raises 2014 full-year profit projection due to solid performance of its container-shipping unit

August 19, 2014 12:42 pm
AP Moeller-Maersk A/S increased its full-year profit projection as its container-shipping line posted increasing earnings thanks to higher freight volumes and lower expenses. According to the companys statement, its earnings excluding impairment losses, divestment gains and discontinued operations are expected to amount to $4.5 billion in comparison to the previously raised forecast of $4 billion […] Read more

BHP Billiton Plc’ share price down, to spin off $15bn of assets

August 19, 2014 10:21 am
BHP Billiton Plc shares dropped as the company announced a plan to divest a large portion of its assets, including silver, aluminum, manganese and coal plants and mines, as the company drives towards a simpler and more manageable portfolio. “For over a century, BHP Billiton has progressively reshaped its business to maintain its industry leadership,” […] Read more