- Nichole Harper
- 31 Oct, 2012
- New York City
Stocks on Wall Street traded volatile after a historic two-day market closure. Markets opened smoothly after the exchanges and market makers coordinated activities and used back up facilities. Home Depot and Lowes jumped on the expectations of higher sales after Hurricane Sandy.
- Barry Randall
- 31 Oct, 2012
- New York City
Walt Disney ((DIS)) agreed to acquire Lucasfilm from the producer George Lucas and its Star Wars franchise for $4.05 billion in cash and stock.
- Mukesh Buch
- 31 Oct, 2012
- New York City
American Tower third quarter net dropped 22% and lifted fiscal outlook. BorgWarner quarterly net plunged 29% and revised guidance. Cummins net dropped 22% as sales dropped. GM third quarter net declined 12% and WEX net tumbled 70%. MasterCard third quarter net climbed 8% to $772 million.
- Nigel Thomas
- 31 Oct, 2012
- New York City
Investors shifted attention to domestic earnings news and the Nikkei in Tokyo jumped 1%. Hitachi and Komatsu gained after maintaining annual earnings outlook and Fuji Heavy soared 7% after lifting earnings estimate.
- Arthi Gupta
- 31 Oct, 2012
- New York City
The European indexes gained after the euro area jobless rate rose to a record 11.6% and German retail sales improved in September. The UK consumer confidence fell to a six-month low in October.
- Marcus Jacob
- 31 Oct, 2012
- New York City
Australian stocks closed higher after residential building approvals increased 7.8% in September. National Australian Bank reported full year revenues increased 5.2% and net income dropped 22% to $4.08 billion on losses and restructuring charges linked to UK operations.
- Arthi Gupta
- 31 Oct, 2012
- New York City
Barclays and ArcelorMittal slip to quarterly loss. Continental nine-month sales jumped 9.1% to
- Bikram Pandey
- 30 Oct, 2012
- New York City
Stock exchanges and Wall Street was closed for the second day in a row. Lower Manhattan, where the New York Stock Exchange is located, is struggling with widespread salt water flooding and power outages that may cripple the activities for days to come.
- Mukesh Buch
- 30 Oct, 2012
- New York City
Archer-Daniels first quarter net plunged 60%. Cardinal Health net soared 15% and reaffirmed fiscal outlook. Ecolab third quarter net jumped 54% but lowered 2012 guidance. Ford third quarter net declined 18% and Johnson Controls fourth quarter net swung to loss.
- Nigel Thomas
- 30 Oct, 2012
- New York City
The Nikkei index in Tokyo declined for the third day and dropped to its one-month average after Bank of Japan announced the widely expected asset purchase program increase. The central bank also left its target rate range between zero and 0.1%.
- Marcus Jacob
- 30 Oct, 2012
- New York City
Australian stocks struggled to advance and investors looked in international markets for direction. Virgin Australia announced a far reaching alliance with Singapore Airlines, Etihad and Air New Zealand and sold 10% stake to Singapore Airlines.
- Arthi Gupta
- 30 Oct, 2012
- New York City
The European indexes rose on upbeat corporate earnings. German jobless rate remained unchanged at 6.9% in October and UBS plans to slash 10,000 jobs. Bayer HealthCare agreed to acquire Schiff Nutrition for $1.2 billion.
- Arthi Gupta
- 30 Oct, 2012
- New York City
Deutsche Bank net revenues rose 18% to
- Nichole Harper
- 29 Oct, 2012
- New York City
Financial markets in New York were closed today after Hurricane Sandy gathered storm and regulators and government officials prepare for one of the worst storms in decades.
- Nigel Thomas
- 29 Oct, 2012
- New York City
Stocks in Tokyo were under pressure after Honda lowered its annual income outlook by 20%. Several Japanese companies have cut profit outlook after extended boycott of Japanese products in China dragged sales. NTT DoCoMo lowered its annual net outlook by 9%.