- Arthi Gupta
- 05 Oct, 2012
- New York City
The European indexes gained ahead of the non-farm payroll report in the U.S. The French economy is forecasted to grow 0.2% this year and Swiss economic growth outlook was lowered. German factory orders and Spanish output fell in August.
- Arthi Gupta
- 05 Oct, 2012
- New York City
France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.
- Bikram Pandey
- 04 Oct, 2012
- New York City
Stocks on Wall Street traded higher after jobless claims rose less than expected and factory orders fell less than anticipated. However, same store sales increase last month was the second weakest in the year. Crude oil surged on mid-east tensions and coal miners advanced.
- Arthi Gupta
- 04 Oct, 2012
- New York City
U.S. indexes climbed after weekly jobless claims rose 4,000 to 367,000. Ocwen Financial agreed to acquire Homeward Residential Holdings for $750 million. Calpine agreed to purchase Bosque Power Plant for $432 million.
- Arthi Gupta
- 04 Oct, 2012
- New York City
The European indexes traded mixed after the ECB and the BoE held rates. Spain raised
- Arthi Gupta
- 04 Oct, 2012
- New York City
Deutsche Telekom agreed to merge its U.S. wireless unit with MetroPCS. Gerresheimer quarterly earnings fell 25%. BG Group agreed to sell majority stake in India-based Gujarat Gas for $470 million. EDF plans to hire 6,000 to payroll.
- Bikram Pandey
- 03 Oct, 2012
- New York City
Market indexes on Wall Street closed higher for the third day in a row and oil dropped more than 3%. Investors await labor market report on Friday and reacted negatively to the weak economic data from the euro zone and China. Crude oil futures dropped to the lowest since August.
- Nichole Harper
- 03 Oct, 2012
- New York City
Stocks on Wall Street were choppy after the private sector added more than expected jobs and the index of service sector expanded faster than expected in September.
- Devan Biswas
- 03 Oct, 2012
- New York City
European markets were in a holding pattern ahead of the central bank meeting tomorrow. The latest survey of businesses showed a decline in activities and indicated recessionary trend in the region. Central banks in Europe and UK are set to hold rates at meeting tomorrow.
- Bikram Pandey
- 02 Oct, 2012
- New York City
Wall Street gains evaporated after hopes of immediate bailout for Spain receded. Markets consolidated recent gains after indexes surged more than 6% in the last five weeks and broader indexes gain more than 14% in the year.
- Devan Biswas
- 02 Oct, 2012
- New York City
John Wiley said it agreed to acquire online education service provider Deltak.edu for $220 million.
- Nichole Harper
- 02 Oct, 2012
- New York City
Wall Street edged lower after opening sharply higher as Fed Chairman Bernanke offered cautious views on the economy. Investors look ahead at the meeting of central banks this week. Chrysler led September sales with a rise of 12%.
- Devan Biswas
- 02 Oct, 2012
- New York City
European markets extended gains for the second day on the hopes that Spanish bailout is in works and may be finalized as early as this weekend. Greece and troika inspectors struggled to finalize austerity steps before the release of next bailout tranche. The euro edged higher from a three-week low.
- Nichole Harper
- 01 Oct, 2012
- New York City
Stocks on Wall Street advanced after the latest manufacturing survey indicated a rebound and new orders index also gained in September. Macy
- Bikram Pandey
- 01 Oct, 2012
- New York City
Financial markets across Europe gained after Spain was deemed to need less than previously expected in a bank bailout. However, the broader economic outlook in the region remained week as unemployment surged to a record high of 11.4%.