- 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.
- Mukesh Buch
- 06 Jun, 2012
- New York City
Bob Evans fourth quarter net soared 20% to $22 million and Cyberonics surged 57% to $11 million. Fastenal said May sales grew 18.4% to $274.8 million. Iron Mountain pursues conversion to a REIT. Home Depot reaffirmed sales and earnings guidance for the current year.
- Devan Biswas
- 06 Jun, 2012
- New York City
European markets advanced after the central bank held its key lending rate at 1% and announced more liquidity measures and highlighted downside economic risks. The estimate of GDP growth in the March quarter in the euro zone was held flat. German production declined 2.2% in March.
- Arthi Gupta
- 06 Jun, 2012
- New York City
U.S. indexes inched ahead on the hopes on new stimulus measures. The European Central Bank left its key interest rate unchanged for June. News Corp. agreed to acquire 50% stake in ESPN STAR Sports. Home Depot reiterated its current year outlook.
- Nigel Thomas
- 06 Jun, 2012
- New York City
Stocks in Tokyo rebounded and export sensitive sectors led the surge after the service sector in the U.S. expanded at a faster rate and Australia reported strong GDP growth. Nintendo edged lower after the latest product release disappointed analysts.
- Marcus Jacob
- 06 Jun, 2012
- New York City
Australian economy expanded at 1.3% in the March quarter and registered its second best growth rate in the last five years. The surprise strength in the household spending added to the strong investment in the mining sector. Four largest banks failed to pass along the latest rate cut.
- Bikram Pandey
- 05 Jun, 2012
- New York City
U.S. stocks traded higher after service industry expanded at a faster pace in May and G7 leaders failed to agree on specific steps to arrest widening financial contagion in the euro zone. Spanish bonds spread traded above 5% to German bunds. Commodities were under pressure.
- Mukesh Buch
- 05 Jun, 2012
- New York City
Dollar General first quarter net surged 36% to $213.4 million and lifted outlook and G-III Apparel reported first quarter net loss widened to 53%. United Natural Foods third quarter net soared 24% to $29 million and update fiscal guidance.