Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the second quarter declined to $6.58 billion from last year\'s $7.10 billion, with earnings per share decreasing to $0.83 from $0.88 in the prior year. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of...
The Malaysia stock market on Friday halted the three-day winning streak in which it had gained almost a dozen points or 0.7 percent. The Kuala Lumpur Composite Index now rests just shy of the 1,620-point plateau although it\'s likely to bounce higher again on Monday. The global forecast for the Asian markets is positive, with...
The Singapore stock market has finished higher in four straight sessions, collecting more than 90 points or 2.8 percent along the way. The Straits Times Index now rests just beneath the 3,500-point and it\'s tipped to open in the green again on Monday. The global forecast for the Asian markets is positive, with bargain hunting...
The Taiwan stock market on Friday wrote a finish to the seven-day winning streak in which it had surged almost 1,500 points or 6.3 percent. The Taiwan Stock Exchange now sits just beneath the 23,920-point plateau although it may find traction on Monday. The global forecast for the Asian markets is positive, with bargain hunting...
The China stock market has moved higher in two straight sessions, collecting more than 30 points or 1 percent in that span. The Shanghai Composite Index now sits just above the 2,970-point plateau and it\'s expected to open to the upside again on Monday. The global forecast for the Asian markets is positive, with bargain...
The Hong Kong stock market has moved higher in consecutive trading days, rallying more than 800 points or 4.5 percent along the way. The Hang Seng Index now rests just above the 18,290-point plateau and it\'s got a positive lead again for Monday\'s trade. The global forecast for the Asian markets is positive, with bargain...
European stocks were subdued on Monday after three straight sessions of gains. A cautious undertone prevailed as an attempt on former U.S. President Donald Trump\'s life injected fresh uncertainty into an already tumultuous presidential campaign. On the positive side, Eurostat data showed industrial production in the euro area fell less than expected in May. Seasonally...
Indian shares eked out modest gains on Monday to close at record highs, with oil & gas stocks and PSU banks outperforming. Investors shrugged off data that showed India\'s wholesale price inflation accelerated further in June to the highest level in nearly one-and-a-half years amid increases in prices in a wide range of categories. According...
Biotechnology company Beam Therapeutics Inc. (BEAM) announced Monday that its chief financial officer, Terry-Ann Burrell, will be leaving the company effective August 9, 2024 to pursue a new opportunity as vice chairman of investment banking at JPMorgan Chase. She served as CFO since August 2019. As part of a transition process, the company has initiated...
Global water technology company A. O. Smith Corp. (AOS) announced Monday that it has signed an agreement to acquire Pureit from Unilever plc (UL) for a purchase price of approximately $120 million in cash, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately $60...