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Biocon shares fall as earnings disappoint

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 … Continue reading

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RBS releases earnings early after surprise swing to profit

LONDON (Reuters) – Royal Bank of Scotland said it made a pre-tax profit of 1 billion pounds in the second quarter, far better than analysts had expected, thanks to a turnaround in losses from bad loans, prompting it to release … Continue reading

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TSX shrugs off weak oil, gold prices on solid earnings

By Alastair Sharp TORONTO (Reuters) – Decent earnings reports from several resource stocks and a major telecom company helped Canada’s main stock index keep intact a string of all-time highs on Thursday, despite slips in oil and gold prices weighing … Continue reading

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After much movement, stocks end where they began

NEW YORK (AP) — Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened. Major U.S. stock indexes ended roughly where they began Thursday, despite investors having to work through a … Continue reading

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Global stocks edge up, U.S. bonds slip on jobless data, earnings

By Caroline Valetkevitch NEW YORK (Reuters) – Global stock markets inched higher while U.S. debt prices fell on Thursday following unexpectedly low U.S. weekly jobless claims and stronger-than-expected U.S. earnings from companies including Facebook. The benchmark SP 500 index closed … Continue reading

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China’s Baidu outpaces Street targets as mobile revenue surges

SAN FRANCISCO (Reuters) – Baidu Inc, China’s biggest Internet search company, blew away Wall Street’s targets with a 34.1 percent jump in quarterly net profit, helped by a surge in mobile revenue. It shares climbed 7.3 percent in after hours … Continue reading

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Qualcomm struggles to collect royalties in China, stock falls

By Noel Randewich SAN FRANCISCO (Reuters) – Qualcomm Inc’s outlook for the September quarter was below Wall Street’s expectations and its shares fell on Wednesday after the leading mobile chipmaker said it was having trouble collecting royalties in China. A … Continue reading

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SEC considering action against S&P over ratings

WASHINGTON (AP) — Standard Poor’s said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. SP’s parent … Continue reading

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Facebook beats Wall Street targets, stock hits record high

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc’s fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street’s financial targets and sending shares to a record-high in after-hours trading on … Continue reading

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Reed Elsevier first-half earnings beat forecasts

LONDON, July 24 (Reuters) – Anglo-Dutch information providerReed Elsevier (LSE: REL.L – news) said it expected another year ofunderlying earnings growth after reporting better-than-expectedfirst-half results. Reed, Europe’s largest media company by market cap,reiterated its full-year outlook and said it was … Continue reading

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