- Bikram Pandey
- 19 Oct, 2012
- New York City
Market indexes fell more than 1.5% after corporate earnings disappointed investors. European markets also closed lower as European leaders fail to resolve difference for a single banking supervision authority. Market indexes have jumped six-fold since 22% decline on Black Monday 25 years ago.
- Nigel Thomas
- 19 Oct, 2012
- New York City
Nikkei index in Tokyo extended gains for the fourth day in a row as the yen weakened. The Nikkei jumped above 9,000 and closed more than 5% in the best weekly gain since December. China linked stocks advanced on the hopes of deceleration in the growth decline.
- Mukesh Buch
- 19 Oct, 2012
- New York City
Air Products fourth quarter net declined 57% and Baker Hughes third quarter net plunged 60%. General Electric net increased 8% but foreign exchange fluctuations affected revenues. Honeywell net climbed 10%. McDonald
- Marcus Jacob
- 19 Oct, 2012
- New York City
Australian stocks closed at a new 15-month high after sentiment recovered in the mining sector. European leaders negotiated an agreement to finalize the legislation to offer banking aid to Spain. National Australia Bank declined after it reported flat earnings expectations in the fourth quarter.
- Arthi Gupta
- 19 Oct, 2012
- New York City
U.S. indexes edged lower after Google, Microsoft, McDonald
- Arthi Gupta
- 19 Oct, 2012
- New York City
The European markets fell after leaders delayed the Spanish banking aid legislation implementation. German producer prices rose and the UK public sector net borrowing declined. ING agreed to sell its Asian units for
- Arthi Gupta
- 19 Oct, 2012
- New York City
Petrofac reiterated its net profit growth target in 2012 of at least 15%. Bunzl third quarter group revenue rose 5%. Swiss Re announced management changes.
- Bikram Pandey
- 18 Oct, 2012
- New York City
U.S. indexes declined after the rise in weekly jobless claims was offset by the improved leading indicators index and Philadelphia region manufacturing. Google dropped as much as 10% after it reported weak revenues and earnings in earnings filings that were released during the trading hours.
- Arthi Gupta
- 18 Oct, 2012
- New York City
The UK indexes edged higher after retail sales rebounded in September. BP plans to sell its stake in TNK-BP. Kier Group completed the sale of its 50% stake in two private finance initiative projects for
- Arthi Gupta
- 18 Oct, 2012
- New York City
U.S. indexes traded sideways after mixed economic data. The jobless claims soared 46,000 to 388,000 and a leading economic index rose in September. Wesco agreed to acquire Canada-based EECOL for C$1.14 billion. Morgan Stanley slipped to quarterly loss.
- Arthi Gupta
- 18 Oct, 2012
- New York City
The European indexes traded sideways ahead of the EU summit in Brussels. Spain raised
- Arthi Gupta
- 18 Oct, 2012
- New York City
French leading index climbed and Italian deficit narrowed in August. Swiss watch exports declined in September.
- Arthi Gupta
- 18 Oct, 2012
- New York City
Nokia loss widens, Akzo Nobel swung to loss and Saab net plunged to SEK 151 million in the third quarter. Nestle nine-month sales rose 11% to Sfr67.6 billion. Remy Cointreau first-half sales were
- Bikram Pandey
- 17 Oct, 2012
- New York City
U.S. market extended gains in a worldwide rally after housing starts jumped 15% to a 4-year high. European markets gained after Spain avoided a rating decline and Japan inches towards another economic stimulus package.
- Arthi Gupta
- 17 Oct, 2012
- New York City
The UK indexes advanced after unemployment rate fell unexpectedly in three months to August. Pearson agreed to acquire EmbanetCompass for $650 million. The Royal Bank of Scotland agreed to exit the government