- Arthi Gupta
- 23 Feb, 2012
- New York City
The European Commission said the euro area is likely to see a mild recession. German business sentiment improved more than estimated in February. Allianz, Cr
- Bikram Pandey
- 22 Feb, 2012
- New York City
World markets traded declined from the recent highs and the U.S. stocks edged lower from a 4-year high after home sales increase was less than expected. Oil gained for the second day in a row.
- Nigel Thomas
- 22 Feb, 2012
- New York City
Stocks in Japan closed higher after positive sentiment lifted indexes. The yen declined to a new low in last six months and investors took optimistic view of the Greek bailout decision. Seibu Electric agreed to sell minority stake to Toyota Motor. Dentsu Inc lifted its annual income outlook.
- Arthi Gupta
- 22 Feb, 2012
- New York City
The UK indexes dipped on speculation if Greece would be able to fulfill the conditions set by its lenders. The Bank of England policy makers were split on asset purchase program. Centrica agreed to acquire portfolio of UK North Sea assets from British Gas for
- Mukesh Buch
- 22 Feb, 2012
- New York City
Chesapeake Energy fourth quarter net surged to $429 million and Dell Inc quarterly net declined 18% to $764 million. Hewlett-Packard first quarter net declined 44% to $1.47 billion. Retailer, TJX Companies fourth quarter net surged to $475.9 million. Toll Brothers swung to a quarterly loss.
- Arthi Gupta
- 22 Feb, 2012
- New York City
The U.S. indexes declined after weaker-than-estimated global economic data. Dell Inc led the decline in tech stocks with quarterly earnings falling 18% and. Luxury home builder Toll Brothers swung to loss.
- Marcus Jacob
- 22 Feb, 2012
- New York City
Australian stocks traded higher for the fourth day in a row as earnings were ahead of expectations. Seek Limited and Wotif.com Holdings reported record earnings and Woodside Petroleum reported 34% rise in adjusted profit.
- Arthi Gupta
- 22 Feb, 2012
- New York City
Germany sold
- Mukesh Buch
- 21 Feb, 2012
- New York City
Kraft Foods fourth quarter net surged 54% to $830 million and Medtronic third quarter net increased 12%. Macy
- Mukesh Buch
- 21 Feb, 2012
- New York City
Kraft Foods fourth quarter net surged 53.7% to $830 million and Medtronic third quarter net increased 12%. Macy
- Arthi Gupta
- 22 Feb, 2012
- New York City
European markets edged lower after private sector contracted unexpectedly in February. Shell offered to acquire Cove Energy for $1.6 billion. Wells Fargo agreed to buy energy lending business of BNP Paribas.
- Bikram Pandey
- 21 Feb, 2012
- New York City
After another round of marathons talks, European leaders approved the second tranche of Greek bailout but with stricter conditions and supervisions. Indexes in New York traded sideways and oil jumped to a nine-month high and the Dow, once widely followed, crossed the high last seen in 2008.
- Arthi Gupta
- 21 Feb, 2012
- New York City
The UK indexes dropped from the seven-month high as investors digest the details of Greek agreement with troika. The UK public sector net borrowing needs declined in January. Croda International fiscal 2011 sales rose 6.6%.
- Arthi Gupta
- 21 Feb, 2012
- New York City
The U.S. indexes gained after European leaders approved the second bailout package for Greece. Canada-based Fortis agreed to acquire CH Energy for $1.5 billion. URS agreed to purchase Flint Energy Services for C$1.25 billion.
- Nigel Thomas
- 21 Feb, 2012
- New York City
Stocks in Japan rested after rising for seven sessions in a row. Mazda Corp plunged 10% after the company is looking to raise capital from stock and debt sale. DeNA Corp gained after it struck an agreement to expand in Korea.