- Nigel Thomas
- 11 Apr, 2012
- New York City
The benchmark Nikkei index in Tokyo extended losses for the seventh day totalling 6.2%. Machinery orders jumped in February and the yen strengthened. Bank lending rose in March as reconstruction drive loans demand.
- Marcus Jacob
- 11 Apr, 2012
- New York City
Australian stocks drifted lower for the fourth day in a row as investors focused on the euro zone worries and coal prices continue to drift lower. BHP Billiton announced investment plan of $708 million for its Gulf of Mexico project in partnership with Chevron.
- Bikram Pandey
- 10 Apr, 2012
- New York City
U.S. stocks fell for the fifth day in a row and indexes lost more than 1% today and extended losses to 4% in the period. Euro zone debt crisis resurfaced as yields surge to a high for the year. Best Buy Co said CEO Brian Dunn resigned and Sony Corp declared annual loss for the fourth year in a row.
- Arthi Gupta
- 10 Apr, 2012
- New York City
The UK indexes declined more than 2% after the leading economic index for the UK rose but Irish manufacturing fell in February Home price balance for the UK improved in March.
- Mukesh Buch
- 10 Apr, 2012
- New York City
Chesapeake Energy made three separate deals totaling $2.6 billion. Patni Computer first quarter net declined 11.8% to $237 million. PPL to offer 9.9 million shares public offering. Supervalu fourth quarter net loss swung to $424 million. Sony forecast lower sales for fiscal year end March 2012.
- Arthi Gupta
- 10 Apr, 2012
- New York City
U.S. indexes edged lower after wholesale inventories rose more than estimated in February. Facebook agreed to acquire Instagram for $1 billion. Cerberus agreed to acquire AT&T yellow pages division for $1 billion. Supervalu swung to loss.
- Arthi Gupta
- 10 Apr, 2012
- New York City
The European indexes slumped after latest confidence survey showed a decline and bond yields of Spain and Italy gained for the third day in a row. French manufacturing output fell in February. STMicroelectronics plunged 5.9% after lowering its gross margin outlook.
- Arthi Gupta
- 10 Apr, 2012
- New York City
The OECD leading index, German trade surplus and French industrial output rose in February however euro zone investor confidence index slumped in April. Swiss jobless rate remained unchanged in March.
- Nigel Thomas
- 10 Apr, 2012
- New York City
Stocks in Japan eased for the sixth day in a row as investors focused on earnings season ahead next week. Sony Corp estimated $6.4 billion annual net loss, fourth yearly loss in a row. The electronics maker is planning to eliminate 10,000 jobs or 6% of its staff.
- Marcus Jacob
- 10 Apr, 2012
- New York City
Australian stocks declined for the third day in a row and on the first day of trading after a long weekend. Resources stocks fell after China reported weaker than expected growth in imports. Businesses reported a slight improvement in business conditions in March.
- Mukesh Buch
- 09 Apr, 2012
- New York City
AOL deal for patents to Microsoft for $1.06 billion in cash. Boeing deliver four 787-8 Dreamliners to Russian Transaero Airlines for $744 million. Greenbrier second quarter net income swung to $17.7 million.
- Arthi Gupta
- 09 Apr, 2012
- New York City
U.S. indexes edged lower on the growing worries about the euro zone. Sony may slash as many as 10,000 jobs in the current year. Boeing clinches $744 million deal with Russia-based Transaero Airlines. AOL agreed to sell over 800 patents to Microsoft Corporation for $1.06 billion.
- Nigel Thomas
- 09 Apr, 2012
- New York City
Asian markets were on the defensive and the benchmark index in Japan dropped 1.5% and extended losses for the fifth day in a row. Retailers declined after a weak industry forecast from Takashimaya.
- Nigel Thomas
- 06 Apr, 2012
- New York City
Stocks in Japan eased and the benchmark Nikkei index fell 0.8%. The index closed down 4% in the week as the yen drives more auto production away from Japan. Prime Minister Noda and three cabinet members have agreed on a broad safety framework to restart two reactors at Ohi nuclear power plant.
- Mukesh Buch
- 05 Apr, 2012
- New York City
A. Schulman second quarter net soared 28%. Bed Bath fourth quarter net surged 32% to $351 million. CarMax fourth quarter net increased 4% to $95 million. Ruby Tuesday third quarter net tumbled 72% and Pier 1 fourth quarter net soared 24% to $115.2 million.