- Nigel Thomas
- 11 Jun, 2012
- New York City
Stocks in Tokyo advanced after European leaders wasted no time in approving the request for Spanish bailout. The swift approval to head-off the widening crisis lifted stocks at least for today but also shifted venue to Italy and Greece. Nikkei surged 1.9% and TDK, Canon and Mazda led the gainers.
- Devan Biswas
- 10 Jun, 2012
- New York City
Euro zone finance ministers agreed to extend
- boris
- 08 Jun, 2012
- New York City
Stocks in New York traded higher on rising hopes of a speedy bank bailout in Spain. The S&P 500 index
- Devan Biswas
- 08 Jun, 2012
- New York City
Wall Street gained on the expectations of speedy approval for Spanish banking bailout. European markets closed higher. Chesapeake Energy plans to sell its pipeline infrastructure for $4 billion. President Barack Obama urged Greece not to leave the euro zone and asked European leaders to aid banks.
- Arjun Dave
- 08 Jun, 2012
- New York City
European markets closed lower but flirted with 1% decline as politicians, bankers and regulators work to finalize bank bailout in Spain. Trading volume across Europe fell in May as investors stay on the sidelines. The euro eased and commodities fell.
- Mukesh Buch
- 08 Jun, 2012
- New York City
Chesapeake Energy plans to sell its midstream assets for $4 billion in cash. Cooper second quarter net surged 55% to $54.9 million and revised outlook. McDonald''s May same store sales growth slows. Progress Software issues second quarter guidance. Piedmont second quarter net rose 6% to $50.2 million
- Nigel Thomas
- 08 Jun, 2012
- New York City
Stocks in Japan plunged on global worries despite better than expected domestic economic data. The GDP in the final quarter of fiscal year ending in March increased 1.2% and current account surplus was lower than expected in April. The Nikkei halted nine week of losing streak.
- Marcus Jacob
- 08 Jun, 2012
- New York City
Australian indexes fell more than 1% after resources linked stocks eased as commodities prices declined. Three of the four largest banks in Australia passed on most of the latest rate cut from central bank. Qantas plunged 10% and extended losses for the fourth day.
- Bikram Pandey
- 07 Jun, 2012
- New York City
U.S. stocks lost steam in the final hour of trading and China cut rate unexpectedly and Spain completed the sale of long term bonds. The mood in New York turned cautious after tech stocks failed participate in the broader rally. Gold tumbled.
- Mukesh Buch
- 07 Jun, 2012
- New York City
American Greetings acquire UK based Clinton Cards. Lululemon dropped after the retailer offered weaker outlook. Molina Healthcare withdrew current year earnings guidance. J. M. Smucker fourth quarter net increased 9.7% to $104 million.
- Devan Biswas
- 07 Jun, 2012
- New York City
Stocks wavered in New York trading after jobless claims declined and Fed Chairman offered cautious assessment of the economy that failed to offer any new insights in the economic dynamics. Best Buy founder resigned and plans to explore stake sale in the retailer.
- Devan Biswas
- 07 Jun, 2012
- New York City
European markets advanced after political leaders stepped up activities that may lead to direct lending to Spanish banks. IMF officials estimate as much as
- Nigel Thomas
- 07 Jun, 2012
- New York City
Nikkei index in Japan gained for the third day in a row and traders prepared to square stock options tomorrow. Talks of direct lending to Spanish bank for the European leaders lifted market sentiment.
- Marcus Jacob
- 07 Jun, 2012
- New York City
Australian stocks advanced for the third day in a row after the latest jobs report showed healthy gains in May. Employers added 50,000 net new jobs in May after adjusting for seasonal factors and unemployment rate held steady at 5.1%.
- Bikram Pandey
- 06 Jun, 2012
- New York City
U.S. indexes soared as investors shifted their focus to domestic companies and impending earnings season next week. Financials and industrials were in demand. Nasdaq OMX Group approved a plan to set aside $40 million to pay for losses from mishandled Facebook public offering.