- Arthi Gupta
- 29 Aug, 2012
- New York City
U.S. indexes advanced after gross domestic product increased an upwardly revised 1.7% in the second quarter. Japan-based Daikin agreed to acquire Goodman Global for $3.7 billion. Schnitzer Steel planned to slash 300 jobs.
- Arthi Gupta
- 29 Aug, 2012
- New York City
Accor swung to loss and Bouygues net declined 29% in the first-half. L''Oreal slumped 4.3% despite a rise in first-half sales and earnings. Volvo total deliveries from truck operations increased 5% in July.
- Arthi Gupta
- 29 Aug, 2012
- New York City
The European indexes trended lower and the latest batch of economic data offered slightly better outlook. Italy raised
- Arthi Gupta
- 29 Aug, 2012
- New York City
German consumer price inflation rose more-than-anticipated, French business confidence and Swiss leading indicator gained in August. Italian retail sales rose in June. Danish economy shrunk more than estimated in the second quarter.
- Bikram Pandey
- 28 Aug, 2012
- New York City
World markets shifted attention from earnings season to international events and possible central bank actions from the U.S. and Europe. U.S. home price index showed a slight uptick and consumer confidence index declined. Commodities traded in a narrow range.
- Nigel Thomas
- 28 Aug, 2012
- New York City
Japan lowered its assessment of economic activities in the second half and blamed it on slowing growths in China and the U.S. and overhang of debt crisis in the euro zone. However, economic growth was left unrevised for now and the latest downgrade is the first since October 2011.
- Mukesh Buch
- 28 Aug, 2012
- New York City
Bank of Montreal third quarter net surged 37% and Cyberonics climbed as net advanced. Movado soared after net surged 83% and lifted its fiscal outlook. Lexmark jumped on restructuring and plans to eliminate 1,700 jobs. PVH third quarter net soared 31%.
- Arthi Gupta
- 28 Aug, 2012
- New York City
The UK indexes declined and caught up with the gloomy world market outlook as Japan joined China and the euro zone in lowering economic outlook. Irish retail sales increased in July. G4S planned to cut 1,100 jobs as part of a restructuring.
- Arthi Gupta
- 28 Aug, 2012
- New York City
U.S. indexes edged lower after metropolitan home price index improved in June. A lowered growth forecast from Japan and the European debt crisis marred investor sentiment. Hudson City Bancorp agreed to merge with M&T Bank in $3.7 billion deal.
- Marcus Jacob
- 28 Aug, 2012
- New York City
Defensive sector stocks in Sydney closed higher as investors focused on utilities, banks and pharmaceutical companies. Global economic backdrop weakened after Japan lowered its assessment. Treasurer Swan held his surplus target and outlook.
- Arthi Gupta
- 28 Aug, 2012
- New York City
German consumer confidence is expected to remain stable in September. French unemployment and euro zone money supply growth rose in July. Spanish economy contracted 0.4% in the second quarter. Hungarian central bank cut key rate by 25 basis points.
- Arthi Gupta
- 28 Aug, 2012
- New York City
Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to
- Arthi Gupta
- 28 Aug, 2012
- New York City
The European indexes declined after Japan lowered growth assessment. Spanish and Italian borrowing costs fell in bond auctions today. German consumer confidence set to remain stable in September. Credit Agricole second quarter net income plunged 67%.
- Bikram Pandey
- 27 Aug, 2012
- New York City
World markets held out the prospect of central bank action and the latest data from China offered another indication of slowing economy. Deal making was in full swing. IBM announced a purchase of human resource services provider and Hertz and Dollar Thrifty Group finally sealed an agreement.
- Nigel Thomas
- 27 Aug, 2012
- New York City
Stocks in Tokyo rebounded on the hopes that the central banks in Europe and the U.S. will provide substantial new stimulus measures after political leaders in Europe failed to offer concrete steps in the near term. China focused companies declined after the latest profit estimate.