NYSE Market News

WellPoint Inc. (NYSE:WLP):  The company reported 38 percent higher earnings for the fourth quarter of 2012 at $464.2 million. On per share basis, its earnings stood at $1.51 per share, up from 96 cents per share it had earned for the fourth quarter of the previous year.

SunTrust Banks Inc. (NYSE:STI): The bank reported healthy financial numbers for the fourth quarter of the year. Its net income for the quarter stood at $350 million, up from $71 million it had reported for the corresponding quarter of the last year.

New chief executive asked to relocate Rio Tinto’s HQ to Australia. British-Australian miners Rio Tinto’s new chief executive, Sam Walsh, has been told to move its headquarters to Australia by mining billionaire Gina Rinehart, arguing that it will benefit “shareholders who have seen much diminution in value via investments in risky countries, and for the […]

US banking giant Morgan Stanley report strong growth in profits. Morgan Stanley has called a strong rise in profits a “pivot point” and a sign that the bank is making “meaningful progress”. The bank reported a net profit of $481m between October and December 2012, a result of a 37% increase in revenue to $7.5bn. […]

Schlumberger Limited (NYSE:SLB): the company reported its fourth quarter results and its revenue increased 8 percent to $11.17 billion. The company was expected to report its revenue at $10.82 billion. However, its net income dropped to $1.37 billion.

Anyone who invests in Amil (BOV:AMIL3), look at this … UNITED HEALTH GROUP (NYSE:UNH) REPORTS 2012 RESULTS, Revenues of $110.6 Billion Grew 9% Year-Over-Year, Including an 11% Increase in Fourth Quarter Revenues Full Year United Healthcare Earnings Grew 8% Year-Over-Year; United Healthcare Grew to Serve more than 6 Million Additional People in 2012, Including Nearly […]

Sears Holdings Corporation (NASDAQ:SHLD): The stock is being lapped up by insiders as Edward S Lampert, Director and 10 percent owner of the company bought 332,048 shares at an average price of $40.89 each.

Wells Fargo & Co. (NYSE:WFC): The banking stock has been downgraded from Overweight to Neutral by Atlantic Securities. Its price target has been lowered down to $38. Its previous target was at $40.

Dell Inc. (NASDAQ:DELL): The stock is trading up on the rumors of the company going private. It has already traded 42.661 million shares, in comparison to its regular trading volume of 23.451 million shares.

Pressure is mounting on the United States to resolve debt crisis or it risks losing its AAA credit rating. Rating’s agency Fitch has warned the United States government that it is in danger of losing its AAA credit rating as lawmakers try to resolve the country’s debt crisis. Following a temporary agreement to avoid the […]