Johnson Controls Inc , one of the world's largest auto suppliers, said a drop in auto production following last month's earthquake in Japan would cut earnings and revenue in its fiscal third quarter.
Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.
Nintendo Co Ltd said it would launch a successor to its aging Wii game console in 2012 as it struggles to win back users from rivals Microsoft and Sony and seeks to reverse a slump in profits.
Stocks fell on Monday on signs some corporate outlooks were being strained by inflation concerns, including consumer products maker Kimberly-Clark Corp.
Johnson Controls Inc reported higher second-quarter earnings on Monday and lifted its revenue outlook for the year due to the stronger euro and higher expectations for its heating and ventilation unit.
Johnson Controls Inc posted higher second-quarter earnings on Monday and raised its revenue forecast for fiscal year 2011 due to the stronger euro and higher growth estimates for its building efficiency unit.
Upward momentum from a raft of recent strong earnings reports helped lift U.S. stock index futures on Monday, although traders eyed rising oil prices as a potential negative for the market.
Upward momentum from a raft of recent strong earnings reports helped lift U.S. stocks futures on Monday, although traders eyed rising oil prices as a potential negative for the market.
Asian stock markets ended mixed on Monday as Chinese shares declined to the lowest level in three weeks on monetary policy tightening concerns.
Nintendo Co Ltd might provide clues on the effect of the devastating March 11 earthquake and tsunami on the industry's supply chain and domestic demand as it kicks off earnings for the Japanese electronics sector on Monday.
S-LCD, a flat screen joint venture between Sony Corp and Samsung Electronics, said it would reduce capital by $555 million, as Sony struggles with perennial losses from its TV business and Samsung seeks to shift to a new type of display.
Toyota Motor Co <7203.T> may slip to No.3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.
Japan's Nintendo Co Ltd posted its second straight fall in annual profit on Monday, as sales of its aging Wii games console slowed and the March 11 earthquake weighed on Japanese consumer spending.
The Australian dollar hit a fresh 29-year high and South Korea's benchmark share index touched another record intraday high on Monday, suggesting investors were still eager to embrace risk and higher-yielding assets.
Toyota Motor Co <7203.T> is set to lose its crown as the world's largest automaker after Japan's earthquake and nuclear disaster slashed local output by almost two-thirds in March.
Japan's largest companies are likely to paint a bleak picture for this year's profits when they start announcing earnings this week, if they offer any guidance at all.
The Bank of Japan is expected to sharply cut its economic forecast for the current fiscal year due to last month's devastating earthquake but project a rebound in the autumn, signaling that it has eased monetary policy enough to keep the economy afloat at least for now.
Data on how the U.S. and British economies fared in the first three months of the year due next week will likely highlight the tenuous nature of the recovery from recession in developed countries.
Apple Inc surprised no one with yet another quarter packed with spectacular numbers. But a miss in sales targets on the iPad may prompt some to temper their lofty views.
China and South Korea rebuffed on Sunday Japan's calls for more reasonable restrictions on imports of food and other products that could be contaminated with radiation after last month's nuclear disaster, showing the difficulty Japan will face in restoring trust in its products.
Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
Bank of Japan Governor Masaaki Shirakawa said the country's economy will likely shrink in the first half of 2011 due mainly to stalled output in the wake of Japan's March 11 earthquake and tsunami, the Wall Street Journal reported on Saturday.
