While you were sleeping: Honeywell, Intel lift Wall Street

Wed, 18 Jul 2012

By Margreet Dietz July 19 (BusinessDesk) - Wall Street advanced as earnings by Honeywell and Intel surpassed expectations, sparking relief that corporate profits are proving more resilient than initially feared. Shares of Honeywell rose more than 6 percent, while those of Intel climbed more than 3 percent, after both companies posted second-quarter profits that beat forecasts. Earnings have exceeded analyst estimates at 73 percent of the 63 companies in the Standard & Poor's 500 Index that have reported results so far, according to data comp...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.