- Bikram Pandey
- 20 Nov, 2012
- New York City
U.S. stocks closed mixed after a volatile session. Fed Chairman Bernanke stepped up pressure on the Congress to act to avoid fiscal cliff. Hewlett Packard plunged 12% after the latest accounting blunder raised effectiveness of the company board.
- Nigel Thomas
- 20 Nov, 2012
- New York City
Nikkei index in Tokyo traded down 0.1% after rallying 5.7% in four session and the yen strengthened after falling to a 7-month low. Shipping companies advanced after Baltic Dry Index gained for the seventh day in a row.
- Marcus Jacob
- 20 Nov, 2012
- New York City
Australian stocks extended gains for the second day and the dollar eased. Resource companies led the advance on the back of rising commodities prices. Monadelphous guided 40% increase in first half sales and 25% increase in current year earnings. Virgin Australia held its profit outlook.
- Arthi Gupta
- 20 Nov, 2012
- New York City
U.S. indexes struggled and housing starts surged to the highest rate in more than four years. HP swung to quarterly loss and blamed fraud at its $8.8 billion acquisition of Autonomy last year. Memorial Production agreed to buy oil and gas producing properties from Rise Energy for $271 million.
- Mukesh Buch
- 20 Nov, 2012
- New York City
Agilent Technologies fourth quarter net climbed 47% and Campbell Soup first quarter net slumped 8%. Chico
- Arthi Gupta
- 20 Nov, 2012
- New York City
The European indexes traded sideways after French debt ratings were cut. Spain raised
- Arthi Gupta
- 20 Nov, 2012
- New York City
Credit Suisse announced organizational changes. easyJet annual revenue rose 11.6% to
- Bikram Pandey
- 19 Nov, 2012
- New York City
U.S. stocks surged as optimism reigned high on the budget compromise. Also existing home sales increased for the seven months in a row in October and confidence among home builders surged to a six-month high. European markets and commodities extended gains.
- Nigel Thomas
- 19 Nov, 2012
- New York City
Stocks in Tokyo advanced for the fourth day in a row as investors took bet for the change of power in the general election next month and see more stimulating measures from the central bank. The Nikkei index closed at 3-month high and the yen fell to a 7-month low.
- Marcus Jacob
- 19 Nov, 2012
- New York City
Australian market indexes and the dollar closed higher after resource prices increased. Billabong
- Arthi Gupta
- 19 Nov, 2012
- New York City
U.S. indexes advanced as lawmakers show willingness to avert so called fiscal cliff and existing home sales increased for the seventh month in a row. Cisco agreed to acquire Meraki for $1.2 billion and Electronics for Imaging agreed to buy Technique.
- Arthi Gupta
- 19 Nov, 2012
- New York City
The UK indexes rose and average asking price for a home fell in November. Households in the UK report slowest deterioration in their finances in almost two years. Lloyds agreed to sell its Irish commercial real estate loans portfolio to Risali for
- Mukesh Buch
- 19 Nov, 2012
- New York City
Cisco agreed to buy Meraki Inc. for $1.2 billion in cash. Medtronic purchased China based Kanghui Holdings for $755 million. Lowe
- Arthi Gupta
- 19 Nov, 2012
- New York City
The European indexes soared ahead of the euro zone finance ministers meeting in Brussels tomorrow. Euro zone finance ministers discuss offering more time to Greece to implement austerity measures. Spanish bad loans surge to a new record in September.
- Arthi Gupta
- 19 Nov, 2012
- New York City
Euro zone construction activities fell in September 1.4%. French leading economic index rose for the third month in a row. Greek current account swung to a surplus. Italian industrial new orders declined more than estimated.