- Bikram Pandey
- 23 Nov, 2012
- New York City
Stocks traded higher on subdued volume and retailers and tech stocks were in focus. Wal-Mart faced worker
- Marcus Jacob
- 23 Nov, 2012
- New York City
Australian markets closed flat and trading volume was weak as many foreign investors were away after markets in Japan and in U.S. were closed. The Australian dollar inched higher to $1.04.
- Maureen Salinas
- 23 Nov, 2012
- New York City
European markets were generally flat after leaders of 27 nations failed to finalize next seven year budget from 2014. Germany, UK, Sweden and Holland are pushing for larger cuts in expenses including popular farm subsidies and European officials pay.
- Nichole Harper
- 22 Nov, 2012
- New York City
European markets jumped and service sector conditions dropped to a 3-year low. Germany and France are struggling with shrinking orders books and the weakening sentiment in the business communities. SABMiller after first-half net income increased 17%.
- Marcus Jacob
- 22 Nov, 2012
- New York City
Australian indexes gained 1% after resource stocks gained after manufacturing index expanded to the highest rate in 13-month. Goodman Fielder said it is on track to achieve its annual savings of $100 million. Lynas said its Malaysian processing plant is scheduled to reach full-capacity next month.
- Nigel Thomas
- 22 Nov, 2012
- New York City
Nikkei index in Japan surged to a six-month high as the yen hit a new seven-month low. Investors have bid up stocks ahead of general elections on the hopes that the new government may put more pressure on central bank to offer more stimulus measures.
- Mukesh Buch
- 21 Nov, 2012
- New York City
Best Buy third quarter net swung to loss as revenue declined. Deere & Co fourth quarter increased 3% and lifted outlook. Donaldson first quarter net declined 21% and Heinz second quarter net climbed 13%. News Corp agreed to acquire 49% stake in YES Network.
- Nigel Thomas
- 21 Nov, 2012
- New York City
Stock in Japan traded higher after the yen closed at a 7-month low. Japan reported its fourth monthly trade deficit in a row and exports fell for the fifth month on weak global economic conditions and a diplomatic dispute with China.
- Arthi Gupta
- 21 Nov, 2012
- New York City
U.S. indexes declined after European leaders postponed the release of next tranche of Greek bailout to next week. U.S. weekly jobless claims fell 41,000 to 410,000.
- Arthi Gupta
- 21 Nov, 2012
- New York City
The European indexes edged lower after the euro area finance ministers postponed the release of bailout fund to next Monday. German leading economic index climbed in September and UK public sector net borrowing rose in October.
- Arthi Gupta
- 21 Nov, 2012
- New York City
BASF plans to acquire Pronova BioPharma. Nokia completed the acquisition of earthmine. Intermediate Capital said first-half pre-tax profit fell 64% to
- 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.