- Yahoo is delivering on its promise to boost its earnings even though a bumpy beginning to its internet search partnership with Microsoft Corp. is causing it to fall further behind in the Web's most lucrative advertising market.
- IBM earnings rose 10%, helped by weak dollar and hardware sales. Net income rose 10% to $2.86 billion, or $2.31 per share.
- Goldman Sach's reported EPS of $1.65 after redeeming the Buffett preference shares.
- Health care giant Johnson & Johnson beats earnings estimates. Johnson & Johnson rose 3.7%, leading the 30 companies in the Dow Jones industrial average, with earnings that beat Wall Street's expectations.
- CSX Q1 earnings up 30% on higher prices and rising demand in consumer, industrial markets.
- London property developers are sacrificing height and glitz for better returns as the craze for building iconic skyscrapers comes to an end, said Ken Shuttleworth.
- Nokia might report a 49% decline in profit and further market share erosion before the world's biggest maker of mobile phones introduces its first smartphones using Microsoft Corp.'s operating system.
- Gold futures smashed through $1,500 an ounce on Tuesday as Standard & Poor's warning on US drove safe haven demand.
- Home Retail's pre-tax profits for the year to 26 February 2011 came in at £254m, down 13% from the previous year and in line with expectations.
- BP has announced that of the $20bn paid into the White House compensation fund, over $5bn in claims were paid out of the fund.
|Highlights of the day|
- Asian markets higher after positive US earnings. Japan's Nikkei 225 climbed 1.7% to 9,605.69 points.
- Oil prices rose above $109 a barrel after a report showed US gasoline supplies fell for a second week.
- The FTSE 100 has opened up 77 points, or 1.31% and is currently trading at 5973.9 points.
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|Key Data Releases Today|
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|15.00||US Existing Home Sales||4.88M||5.00M||4.75M to 5.1M|
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