- Arthi Gupta
- 25 May, 2012
- New York City
The European indexes extended gains for the second day and the Euro area leading index fell and Spanish producer price inflation eased in April. Delphi offered to acquire the motorized vehicles unit of FCI for
- Marcus Jacob
- 25 May, 2012
- New York City
Australian stocks closed lower and the ASX 200 index erased gains of the year and closed down 0.7% for the year. The index has steadily lost all its gains in the last two months after commodities prices eased on the rising prospects of a global slowdown.
- Bikram Pandey
- 24 May, 2012
- New York City
U.S. stocks extended losses as global economic conditions weaken. The latest economic indicators in German, euro zone and China indicated a slowdown in manufacturing and service sector and falling confidence. UK recession was deeper than previously estimated. Oil rebounded and the dollar gained.
- Mukesh Buch
- 24 May, 2012
- New York City
Costco third quarter net soared 19% to $386 million but Heinz fourth quarter net plunged 22% to $175.3 million. HP second quarter net plunged 31% to $1.6 billion and announced a layoff of 27,000. NetApp offered a cautious outlook. Tiffany first quarter net was lower than expected.
- Arthi Gupta
- 24 May, 2012
- New York City
U.S. weekly jobless claims fell 2,000 to 370,000 and durable goods orders rose 0.2% in April. General Mills agreed to acquire Brazilian food maker Yoki and HP planned to slash 27,000 jobs. Tiffany and NetApp plunged on earnings worries.
- Nigel Thomas
- 24 May, 2012
- New York City
Stocks in Japan traded volatile and the yen held its ground as investors focused on the Chinese manufacturing slowdown and growing uncertainties in the euro zone. Nikkei is set to decline for the eighth week in a row and has fallen 17% from its peak on March 27.
- Marcus Jacob
- 24 May, 2012
- New York City
Australian stocks eased as resource prices fell and crude oil declined below $90 a barrel. Qantas plans to add 90,000 new seats capacity in the next two months mostly on the domestic routes. Australian dollar traded at a six month low as bonds floated in Japan are scheduled for a rollover this week.
- Arthi Gupta
- 24 May, 2012
- New York City
European markets traded higher as leaders failed to agree on a plan to revive growth in the region. German business confidence fell more than estimated in May manufacturing and services sector shrank. The UK economy contracted more than expected in the first quarter.
- Mukesh Buch
- 23 May, 2012
- New York City
American Eagle first quarter net rose 6% and lifted outlook. Analog Devices second quarter net plunged 33% on weak revenue. Bank of Montreal second quarter net soared 27% to $1.03 billion. Dell first quarter net declined 33% to $635 million.
- Bikram Pandey
- 23 May, 2012
- New York City
World markets felt the pain of the rising probabilities of Greek exit from the euro zone as leaders in Europe gather. The widespread loss around the globe dragged indexes in the U.S. down 1.5% and in Europe between 2% and 3.6%. Oil and gold fell and yields of German and U.S. bonds dropped near lows.
- Nigel Thomas
- 23 May, 2012
- New York City
Stocks in Japan fell sharply after the central bank left its interest rate range and asset purchase program intact but shifted its stance from the monetary policy easing. Exporters and automakers fell. Mazda Motor Corp gained on the prospect of a strategic deal with Fiat SpA.
- Arthi Gupta
- 23 May, 2012
- New York City
U.S. and global indexes slumped as Greece and Europe bond stress regained investor focus. Google completed acquisition of Motorola Mobility. Scotiabank agreed to sell Scotia Plaza for approximately $1.27 billion.
- Marcus Jacob
- 23 May, 2012
- New York City
Australian stocks fell on the rising worries in the euro zone and faltering growth of imports from China. Australian dollar declined to a new low for the year. Myer slumped 8% after the retailer reported weaker than expected sales and earnings and lowered its annual outlook.
- Arthi Gupta
- 23 May, 2012
- New York City
The European indexes slumped 2% as European leaders gather in Brussels to discuss Greece and possible growth measures and consumer sentiment in Italy dropped to the lowest on record. The UK retail sales fell in April. Cove Energy accepted
- Bikram Pandey
- 22 May, 2012
- New York City
U.S. stocks struggled to hold gains and previously occupied home sales increased 4.3% in April and median home price jumped. The broad increase in home sales lifted sentiment but caution prevailed after growth outlook in Europe was lowered. SAP AG agreed to acquire Ariba for $4.3 billion.