- Arthi Gupta
- 17 Sep, 2012
- New York City
Hennes & Mauritz said August sales increased and comparable sales decreased 4%. SSAB plunged on weak third quarter outlook. Deutsche Bank and Fresenius Medical appoint new executives.
- Arthi Gupta
- 17 Sep, 2012
- New York City
The euro zone current account surplus narrowed, German manufacturing sector employment rose, and Italy recorded a surplus of
- Bikram Pandey
- 14 Sep, 2012
- New York City
U.S. indexes extended gains for the second day and the mortgage bonds spreads fall to record low after the Fed announced a plan to purchase bonds. Gold added 2% in the week and soared 13% in the year. Apple closed at a new high and won a ruling in a case brought by Samsung.
- Arthi Gupta
- 14 Sep, 2012
- New York City
The UK indexes advanced following the world markets rally sparked by the U.S. Federal Reserve to print more money. The UK construction output fell and Irish surplus increased in July. Home prices in the United Kingdom rebounded in August.
- Mukesh Buch
- 14 Sep, 2012
- New York City
Analogic net jumped 75% and reaffirmed fiscal outlook. Bayer HealthCare agreed to be acquired by Teva Pharmaceuticals for as much as $145 million. Summit Midstream agreed to acquire La Grange for $207 million. Home Depot plans to close seven big box stores in China.
- Arthi Gupta
- 14 Sep, 2012
- New York City
U.S. indexes extended gains for the second day after the Fed move sparked a global rally. U.S. retail sales and consumer prices rose but output fell in August. Western Digital lowered first quarter revenue forecast.
- Nigel Thomas
- 14 Sep, 2012
- New York City
Tokyo markets rallied following the global markets advance after the U.S. Federal Reserve offered third stimulus to revive economic growth and weaken unemployment rate. The high yen may limit the future gains in the yen. Seven & I Holdings Co said its operating profit is expected fall 2%.
- Marcus Jacob
- 14 Sep, 2012
- New York City
Australian stocks closed at a 4-month high after a broad rally in resource stocks. U.S. Fed moved to offer a third round of stimulus with the help of printing new money that powered the latest rally in resource stocks. Fortescue was halted ahead of $9 billion debt restructuring.
- Arthi Gupta
- 14 Sep, 2012
- New York City
Euro area annual inflation increased to 2.6% in August but employment was stable in the second quarter. Hungarian production fell but Italian surplus rose in July. Spanish home prices slumped in the second quarter.
- Arthi Gupta
- 14 Sep, 2012
- New York City
Bayer agreed to acquire the U.S. animal health business of Teva for up to $145 million. Gerry Weber third quarter sales revenues climbed 22% to
- Arthi Gupta
- 14 Sep, 2012
- New York City
The European indexes soared after the U.S. Federal Reserve began the third round of stimulus action. Euro area annual inflation increased and net borrowing by Spanish banks rose in August. G20 gross domestic product growth slowed in the second quarter.
- Bikram Pandey
- 13 Sep, 2012
- New York City
The Federal Reserve opened a new round of unconventional measures to tackle the chronic high unemployment rate. The latest round of mortgage bond buying follows $2.3 trillion of bond purchase in the last two measures since November 2008. Financial markets gained. Gold added 2% and silver jumped 4%.
- Nigel Thomas
- 13 Sep, 2012
- New York City
Stocks in Tokyo closed higher and the yen firmed for the third day in a row. Shipping companies led the market gainers on the prospect of higher container rates. Murata Manufacturing, Meiko, Sumida and TDK surged after Apple released thinner and faster mobile phone.
- Mukesh Buch
- 13 Sep, 2012
- New York City
K12 Inc fourth quarter swung to profit. Perrigo to acquire privately held Sergeant''''s Pet Care Products Inc. for $285 million and the specialty retailer Pier 1 second quarter net surged 58%. Pall Corporation net slumped 12% to $86.2 million.
- Marcus Jacob
- 13 Sep, 2012
- New York City
Australian stocks declined in the final hour of trading after the third largest miner Fortescue Metals sought help of banks in restructuring its debts. Mining sector employment declined for the first time in three months to August by 4,600.