- Arthi Gupta
- 22 Dec, 2011
- New York City
The U.S. indexes futures edged higher after weekly jobless claims fell to 364,000 and gross domestic product growth was revised down to 1.8% in the third quarter. Akamai agreed to acquire Cotendo for $268 million.
- Marcus Jacob
- 22 Dec, 2011
- New York City
Australian stocks edged lower after a weakness in resource stocks and retailers. Kathmandu, the outdoor apparel retailer dropped 23% after it said same store sales in the last five weeks are below a year ago period.
- Arthi Gupta
- 22 Dec, 2011
- New York City
Italian and Hungarian retail sales rose in October and unemployment in Poland increased to 12.1% in November. The Dutch gross domestic product fell in the third quarter by 0.2%.
- Arthi Gupta
- 22 Dec, 2011
- New York City
European markets advanced and yields rebounded a day after the ECB offered half a trillion euros at cheap rate of 1%. Italian and Spanish bonds yields increased after falling for eight days in a row. TeliaSonera raised stake in Kcell for $1.5 billion. Lufthansa agreed to sell its stake in bmi.
- Bikram Pandey
- 21 Dec, 2011
- New York City
Tech stocks led the decliners on the worries that spending may be weaker in the enterprise segment. Nasdaq index rebounded from the decline of more than 2%. Existing home sales increased 4% in November but sales between 2007 and 2010 were revised down 14%, indicating deeper than estimated downturn.
- Devan Biswas
- 21 Dec, 2011
- New York City
Enterprise technology stocks were on the decline after Oracle reported weaker than expected earnings. IBM, EMC and SAP dropped more than 4%. Expedia Inc increased 3% after it completed the spinoff of travel message board operator TripAdvisor Inc. Nike jumped 3% on better than expected earnings.
- Nigel Thomas
- 21 Dec, 2011
- New York City
Stocks in Tokyo trading rebounded and exporters, banks and resources linked stocks led the gainers. Japanese ocean freight companies formed alliances to stabilize prices as freight rate hover near three-year low. November exports fell 4.5% and imports rose 11.4%.
- Arthi Gupta
- 21 Dec, 2011
- New York City
The UK indexes climbed on positive developments in Europe. Public sector borrowing in the UK declined in November and consumer confidence fell in December. The Bank of England policy makers were unanimous in holding key rates and quantitative easing.
- Arthi Gupta
- 21 Dec, 2011
- New York City
The Nasdaq dropped 2% after Oracle cited difficulties in signing large deals and reported weaker than expected earnings. U.S. mortgage applications fell last week. Japan-based Tokio Marine Holdings agreed to acquire Delphi Financial for $2.7 b
- Marcus Jacob
- 21 Dec, 2011
- New York City
Australian stocks soared tracking the gains in international markets. The dollar advanced. BHP agreed to sell its 51% stake in the diamond project on Baffin Island in Canada for $9 million to Peregrine Ltd. Fortescue agreed to pay $330 million to expand its railroad network to new iron ore mines.
- Arthi Gupta
- 21 Dec, 2011
- New York City
The leading economic index in the euro zone was unchanged in November and import price inflation slowed in Germany and Swiss broad money supply growth eased in the month. The Italian economy contracted in the third quarter. Norwegian unemployment held at 3.3% in October.
- Arthi Gupta
- 21 Dec, 2011
- New York City
European indexes edged higher after the ECB allocated
- Bikram Pandey
- 20 Dec, 2011
- New York City
U.S indexes soared 3% after home starts in November were ahead of expectations on a sharp increase in apartments building. Home builders, banks and consumer durables led the gainers. U.S. Treasury sold $35 billion of 5-year notes at a record low yield of 0.88%.
- Nichole Harper
- 20 Dec, 2011
- New York City
Stocks in New York surged and popular indexes advanced more than 2% after housing starts soared in November. AT&T said it will pay $4 billion in breakup fee after it dropped its merger plan with T-Mobile USA. Red Hat quarterly revenues increased 23%.
- Devan Biswas
- 20 Dec, 2011
- New York City
European markets closed higher after a German survey pointed to higher business confidence. However, three other institutes lowered their outlooks for German economy and predicted at best flat economic growth.