- Bikram Pandey
- 22 Mar, 2012
- New York City
U.S. stocks retreated after investors focused on deepening declines in growth in China and euro zone sentiment worsened indicating mild recession. FedEx reported sharply higher earnings but fell after it estimated slower growth.
- Nichole Harper
- 22 Mar, 2012
- New York City
U.S. stocks were under pressure after weekly jobless claims declined last week and the index of leading economic indicators increased in February. However economic data from the euro zone prompted worries of recession and Chinese manufacturing weakened for the fifth month in a row.
- Mukesh Buch
- 22 Mar, 2012
- New York City
ConAgra third quarter net soared 26% to $271.6 million and reaffirmed fiscal 2012 expectations. Discover Financial first quarter net soared 36% to $624 million as credit rose 9%. Dollar General fourth quarter net increased 7% to $292.5 million. FedEx third quarter net more than doubled to $521 mn.
- Nigel Thomas
- 22 Mar, 2012
- New York City
Stocks in Tokyo faced selling in the final hour after Chinese manufacturing declined for the fifth month in a row. Japan exports declined less than expected and trade balance swung to a surplus in February.
- Marcus Jacob
- 22 Mar, 2012
- New York City
Australian stocks traded higher and banks rallied on the hopes of lower interest rate in the next few months after a private survey indicated another monthly slowdown in manufacturing in China.
- Arthi Gupta
- 22 Mar, 2012
- New York City
European indexes declined after euro area private sector activity worsened and Chinese manufacturing output fell in March. The UK retail sales dropped more than estimated in February. Hermes proposed a special dividend of
- Bikram Pandey
- 21 Mar, 2012
- New York City
U.S. stocks struggled after indexes faced a worry wall as investors digest latest housing data. Existing home sales struggled in February and inventory of unsold homes edged lower. Crude oil, copper and gold headed higher.
- Mukesh Buch
- 21 Mar, 2012
- New York City
Actuant second quarter net soared $32.2 million on sales growth. General Mills third quarter international sale soared 51%. Jabil Circuit second quarter net surged 76% to $97.7 million. Krispy Kreme lifted third quarter outlook. Oracle reported record operating margin and third quarter net rose 18%.
- Nichole Harper
- 21 Mar, 2012
- New York City
U.S. stock indexes edged lower and existing home sales declined 0.9% in February. Median home price inched up 0.3% and inventory of unsold homes rose 4.3% to 2.43 million units, 19.3% from a year ago level.
- Nigel Thomas
- 21 Mar, 2012
- New York City
The Nikkei index in Tokyo edged lower for the first time in six days and declined from a 34-week high. Crude oil edged up and China linked stocks were under pressure on the first day of trading after a national holiday.
- Marcus Jacob
- 21 Mar, 2012
- New York City
Australian stocks traded lower for the second day in a row after retailer reported weaker than expected profits and resources stocks fell on cautious views from BHP. David Jones estimated full year net income to fall as much as 40% and Kathmandu first half income declined 43%.
- Arthi Gupta
- 21 Mar, 2012
- New York City
European indexes gained. German yield rose and Portuguese yields fell after successful bond auctions today. The UK policymakers split on quantitative easing but were unanimous in holding interest rates. Glencore agreed to acquire Canada-based Viterra for C$6.1 billion.
- Bikram Pandey
- 20 Mar, 2012
- New York City
World markets eased as global economic jitters returned after weak economic signals from China and weaker than expected home starts in the U.S. Crude oil fell after Saudi Arabia pledged to increase supply.
- Mukesh Buch
- 20 Mar, 2012
- New York City
Amazon.com agreed to acquire Kiva Systems for $775 million in cash. Adobe Systems first quarter net declined 21% to $185.2 million. DSW fourth quarter net soared 173% to $19.4 million. Tiffany fourth quarter net decreased to $178.4 million.
- Arthi Gupta
- 20 Mar, 2012
- New York City
European indexes fell after economic slowdown in China begins to register in latest data. Greece received the first tranche of new bailout aid. Spain raised