- Marcus Jacob
- 30 Apr, 2012
- New York City
Australian stocks gained after copper prices edged up but trading was subdued as markets were closed in Japan and in mainland China. New home sales dropped 9.4% in March and home sales dropped across all states as buyers stay away from record high sale prices.
- Arthi Gupta
- 30 Apr, 2012
- New York City
The European market indexes traded directionless as many stayed away for a long weekend. Spain slipped back into a double-dip recession after the economy contracted in the first quarter. adidas raised its fiscal 2012 outlook after strong quarterly performance.
- Bikram Pandey
- 27 Apr, 2012
- New York City
U.S. markets closed higher and closed up for the second week in a row after investors focused on improved consumer confidence and better than expected earnings. Bank of Japan expanded its programs to buy stocks and real estate securities and bond yields rose in Europe but in fell in New York.
- Mukesh Buch
- 27 Apr, 2012
- New York City
Amazon first quarter net declined 35% and Kindle stores boost the revenue. Chevron first quarter net rose 4.2% to $6.47 billion. Ford Motor first quarter net plunged 45%. P&G third quarter net slumped 16% to $2.41 billion. Starbucks second quarter net rose 18.5% to $309.9 million.
- Arthi Gupta
- 27 Apr, 2012
- New York City
U.S. indexes traded sideways after economy expanded less than estimated in the first quarter. Intuit agreed to acquire Demandforce for $423.5 million and Wells Fargo plans to buy Merlin Securities.
- Nigel Thomas
- 27 Apr, 2012
- New York City
Stocks in Tokyo closed down after an early rally faded. Bank of Japan expanded its risky asset purchase program by $124 billion as anticipated. Softbank surged more than 3% after it hiked dividend and reported a surge in operating profit.
- Marcus Jacob
- 27 Apr, 2012
- New York City
Stocks in Australian edged lower after international worries overshadowed domestic news. Sundance Resources gained after it signed a deal with Cameroon government. The troubled printer PMP may pursue a highly conditional offer.
- Arthi Gupta
- 27 Apr, 2012
- New York City
The latest release of the confidence data offered another evidence of economic slowdown and Spain said unemployment soared to 24.4%, the highest in the region. Bond yields of Spain and Italy advanced for the second week in a row as the governments race to complete 60% of annual debt target.
- Arthi Gupta
- 27 Apr, 2012
- New York City
The European indexes advanced and yields for Spanish and Italian bonds rose. Ireland-based Jazz Pharmaceuticals agreed to acquire EUSA Pharma for $700 million. Earnings at BASF fell 29% but Daimler AG net rose 29% and Sanofi SA net jumped 50%.
- Bikram Pandey
- 26 Apr, 2012
- New York City
U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.
- Mukesh Buch
- 26 Apr, 2012
- New York City
Aetna first quarter net slipped 13% to $511 million and Bristol-Myers net increased 12% to $1.1 billion. Chrysler first quarter net quadrupled to $473 million. Colgate first quarter net rose 3% on sales rise. Dow Chemical first quarter net declined 30% on weak demand. PepsiCo net fell.
- Marcus Jacob
- 26 Apr, 2012
- New York City
Stocks in Japan were in a holding pattern as the earnings season began in earnest and ahead of central bank comments tomorrow. Fanuc plunged 6% after it estimated 3% decline in operating profit for the six months to September.
- Marcus Jacob
- 26 Apr, 2012
- New York City
Australian indexes gained a fraction and media stocks declined after Seven West Media lowered its profit outlook. Mining stocks were in focus after Caterpillar reported sales weakness in China.
- Arthi Gupta
- 26 Apr, 2012
- New York City
U.S. indexes declined after new unemployment claims fell 1,000 to 388,000. H&R Block planned to eliminate 350 positions and close 200 underperforming offices. Colgate-Palmolive earnings improved 3% in the quarter but Exxon Mobil quarterly net fell.
- Arthi Gupta
- 26 Apr, 2012
- New York City
The euro zone confidence index declined in March after additional weakness in the service sector. Italian treasury sold