- Mukesh Buch
- 29 Jun, 2012
- New York City
Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.
- Marcus Jacob
- 29 Jun, 2012
- New York City
Australian benchmark index gained 1.2% as rally across Asia lift markets after European leaders agreed to offer direct lending to banks and approved stimulus program. David Jones soared 15% after a hostile takeover offer of $1.5 billion.
- Nigel Thomas
- 29 Jun, 2012
- New York City
Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011.
- Arthi Gupta
- 29 Jun, 2012
- New York City
European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved
- Bikram Pandey
- 28 Jun, 2012
- New York City
Stocks on Wall Street closed lower on the weakness. U.S. Supreme Court
- Arjun Dave
- 28 Jun, 2012
- New York City
U.S. Supreme Court upheld in a landmark decision by a 5-4 vote most of the key provisions of the healthcare reform that divided the nation for the last two years. The decision will not allow the law to be implemented as early as 2014.
- Mukesh Buch
- 28 Jun, 2012
- New York City
Healthcare insurers dropped sharply after the Supreme Court upheld the healthcare reform. American Greetings first quarter net tumbled 78%. Family Dollar third quarter net increased 5.3% to $124.5 million and lifted fiscal outlook. Paychex fourth quarter net increased 4%.
- Arthi Gupta
- 28 Jun, 2012
- New York City
U.S. indexes declined after the government confirmed 1.9% growth in the first quarter and weekly jobless claims fell 6,000 to 386,000. News Corp said to plans to split in two companies.
- Nigel Thomas
- 28 Jun, 2012
- New York City
Stocks in Tokyo advanced and the benchmark Nikkei jumped 1.6% to close at a six week high. Retail sales in May increased at a slower pace than in April but were ahead of expectations. Institutional investors increased exposure to domestic stocks.
- Marcus Jacob
- 28 Jun, 2012
- New York City
Australian indexes lost most the gains of the day in late afternoon as the prospect of an outcome from the meeting of European leaders. News Corp said it will separate its news and entertainment operations. Caltex gained on higher profit estimate.
- Arthi Gupta
- 28 Jun, 2012
- New York City
The European indexes slumped ahead of the EU summit. Italy raised
- Bikram Pandey
- 27 Jun, 2012
- New York City
U.S. stocks advanced after durable goods orders rose for the first time since February and pending home sales increased. The pace of improvement though small and halted supported market enthusiasm on the rising merger activities.
- Devan Biswas
- 27 Jun, 2012
- New York City
UK based Barclays agreed to pay fines of more than $450 million to the U.S. and UK regulatory authorities after the bank admitted to manipulating the Libor, the London interbank offered rate and Euribor.
- Nigel Thomas
- 27 Jun, 2012
- New York City
Japanese stock indexes increased for the first time after three days of losses on a rebound in consumer focused stocks and home builders. Construction companies gained on the hopes of advance purchases ahead of sales tax increase in 2014.
- Marcus Jacob
- 27 Jun, 2012
- New York City
Australian stocks rebounded after losses of four days and stocks in the resource, media and banking sector led the gainers. News Corp gained on the hopes that the controversial media group may separate its maligned news division from its popular and larger entertainment unit.