- Bikram Pandey
- 09 Feb, 2012
- New York City
U.S. stocks traded higher on positive domestic earnings and renewed market optimism. Greek negotiations reached next hurdle as lawmakers prepare to approve agreement with international lenders this weekend. Inflation in China surged to a seven month high.
- Nichole Harper
- 09 Feb, 2012
- New York City
U.S. stocks traded sideways and 49 states agreed to a settlement with five largest U.S. banks for $26 billion for foreclosure abuses. PepsiCo plans to trim $1.5 billion in cost and Cisco Systems quarterly sales exceeded expectations.
- Mukesh Buch
- 09 Feb, 2012
- New York City
Bunge fourth quarter net dropped to $245 million. Cisco second quarter net surged 44% to $2.2 billion. PepsiCo fourth quarter net increased 4% to $1.42 billion. Thomson Reuters fourth quarter net loss swung to $2.6 billion. Visa first quarter net increased to $1 billion.
- Devan Biswas
- 09 Feb, 2012
- New York City
European markets closed ahead of the euro zone finance ministers meeting. Greek parties agreed on the broad points of labor reforms and government spending cuts after all night marathon negotiations as Greek economy descends deeper into recession.
- Nigel Thomas
- 09 Feb, 2012
- New York City
Japanese stock indexes were nearly unchanged and foreign investors added to stocks for the sixth week in a row. Nissan Motor Co said quarterly operating profit increased 3.6%. Daikin Industries Ltd lowered its annual income outlook.
- Marcus Jacob
- 09 Feb, 2012
- New York City
Australian stocks eased after China reported a surge in inflation in January. After the close, Rio Tinto said its annual earnings dropped 59% to $5.8 billion after it wrote down its Alcan Aluminum business by $8.9 billion. Tabcorp and News Corp gained on earnings.
- Bikram Pandey
- 08 Feb, 2012
- New York City
Global markets Struggled as Greek debt negotiations stall with deadline looming and cost of bailout increase. BHP Billiton reported a record revenues and strong earnings of $9.94 billion in the first half on the sustained Chinese demand for iron ore. Caesars Entertainment public offering shots up.
- Arthi Gupta
- 08 Feb, 2012
- New York City
The UK indexes traded sideways and the UK shop price inflation fell but permanent job hiring rose for the first time in four months in January. Reckitt Benckiser quarterly net soared 26%. Thomas Cook planned to sell stake in India unit.
- Mukesh Buch
- 08 Feb, 2012
- New York City
CVS fourth quarter income was flat at $1.06 billion and Cognizant fourth quarter net increased to $240 million. Moody
- Nigel Thomas
- 08 Feb, 2012
- New York City
Stocks in Tokyo gained after Toyota Motor estimated 200 billion profit in the current fiscal year. The Nikkei index closed above 9,000 for the first time in three months on the back of a sustained rise in world market indexes.
- Arthi Gupta
- 08 Feb, 2012
- New York City
The U.S. indexes traded higher on the hopes that Greek negotiations will end as political parties end their differences. U.S. mortgage applications rose 7.5% last week. CVS Caremark, Ralph Lauren and Time Warner reported flat income growth and Sprint Nextel loss widened.
- Arthi Gupta
- 08 Feb, 2012
- New York City
German exports slumped, and the Danish and Hungarian surplus declined in December. French business sentiment remained stable in January. The National Bank of Poland and Iceland left rates unchanged.
- Mukesh Buch
- 08 Feb, 2012
- New York City
BHP Billiton, the largest Australian company reported earnings declined 6% in the six month period on the fall in iron ore prices and rising operating costs. Separately, Rio Tinto announced expansion of $3.4 billion in Western Australia. In trading, Australian stocks advanced.
- Arthi Gupta
- 08 Feb, 2012
- New York City
European markets gained as Greek economy deteriorates and Germany sold
- Bikram Pandey
- 07 Feb, 2012
- New York City
U.S. stocks traded higher as investors focused on the earnings from global corporations Yum Brands, Becton Dixon, Coca-Cola and Arcelor Mittal. The merger agreement between Glencore and Xstrata received lukewarm reception from minority shareholders.