- Marcus Jacob
- 30 Mar, 2012
- New York City
Australian stocks eased on the last day of the quarter and the week. For the week the benchmark index gained 2% and soared 7% in the first quarter. Qantas announced fuel surcharge to recover some of the recent increase in fuel prices. Retailers rebound in the first quarter.
- Arthi Gupta
- 30 Mar, 2012
- New York City
Finance ministers in Europe raised combined limit of bailout funds to $930 billion that may have to be revised higher in a year. Euro area annual inflation eased in March. German and Spanish retail sales fell in February.
- Bikram Pandey
- 29 Mar, 2012
- New York City
U.S. stocks eased for the third day in a row on the rising worries about inflated domestic market valuations and the health of the economy in the euro zone. Best Buy plans to shutter 50 stores and a Korea based company may bid for operator of Payless ShoeSource. Crude oil decreased 2%.
- Mukesh Buch
- 29 Mar, 2012
- New York City
Best Buy Co. reported lower than expected quarterly loss and plans to close 50 U.S. stores. Movado fourth quarter net income swung to $10.7 million. Mosaic declined after Potash sales and third quarter net plunged. Red Hat fourth quarter net grew 7.5% to $36 mn and announced a stock buyback plan.
- Nichole Harper
- 29 Mar, 2012
- New York City
U.S. stocks fell for the third day in a row but are set to close the first quarter as the best since April 1998 with the S&P 500 index up 10.9%. Fourth quarter GDP growth was estimated at 3% in the final estimate. European markets declined after labor strikes in Spain paralyzed the nation.
- Nigel Thomas
- 29 Mar, 2012
- New York City
The benchmark index declined for the second day and extended two-day losses to 1.5%. Foreign investors cut stock positions last week after adding for twelve weeks in a row. Sharp advanced for the second day after it sold a stake to Taiwan based Hon Hai Precision.
- Arthi Gupta
- 29 Mar, 2012
- New York City
European indexes edged lower and the euro area sentiment, German jobless rate and UK home prices dropped in March. The number of mortgage approvals in the UK fell in February. Spanish strike paralyzed the nation and Italy sold
- Marcus Jacob
- 29 Mar, 2012
- New York City
Australian stocks eased as investors shifted focus to international markets and the dollar eased. Leighton Holdings cuts its annual profit outlook on cost overruns at two key projects in Australia.
- Bikram Pandey
- 28 Mar, 2012
- New York City
U.S. indexes wavered and extended two day losses to 1.5% after energy complex stocks declined. Crude oil eased after European nations and U.S. consider releasing oil from strategic oil reserves. Gold, silver and copper fell.
- Mukesh Buch
- 28 Mar, 2012
- New York City
Family Dollar lifts full year earnings forecast on second quarter net rose 11% to $136.4 million. PVH 2012 projected revenue to be flat or up to 2%. Progress Software first quarter net declined 64% and Synnex Corp. first quarter net soared 28.6% to $38.2 mn. Teavana fourth quarter net surged 36%.
- Nichole Harper
- 28 Mar, 2012
- New York City
Stocks in New York were little changed in early trading after durable goods orders rose less than expected in February. Civilian aircraft orders increased 1.6% in the month. Pentair soared 18% after it agreed to merge with flow and control business of Tyco values at $4.6 billion.
- Nigel Thomas
- 28 Mar, 2012
- New York City
The benchmark index in Tokyo traded lower as most stocks trade ex-dividend. Railroad and bus operator Tokyu Corp after it estimated lower than expected operating earnings. Chemical maker Nippon Kayaku Corp declined after nine-month operating net fell 14%.
- Marcus Jacob
- 28 Mar, 2012
- New York City
Australian benchmark index increased 1% and closed at a new high on a broad rally that lifted materials, financials and consumer staples. Bank of Queensland soared 8% after it reopened. Australian dollar slipped to $1.043.
- Bikram Pandey
- 27 Mar, 2012
- New York City
U.S. indexes wavered after consumer sentiment edged lower but held near one-year high and metropolitan home prices fell for the fifth month in a row. Prices declined in 17 of the 20 cities tracked. World markets extended gains and crude oil prices edged lower.