- Nigel Thomas
- 10 Nov, 2011
- New York City
Japan stocks declined following the regional losses in Asian markets. Banks were among the leading decliners. Machinery orders in September fell 8.2%. Olympus stock plunged daily limit as police inquiry begins.
- Marcus Jacob
- 10 Nov, 2011
- New York City
Australian stocks recovered from the early selloff after China reported rising imports. Australia added net new 10,100 jobs in October. Brambles quarterly net soars 32%. John B. Fairfax sold his remaining 9.7% in the namesake media company.
- Bikram Pandey
- 09 Nov, 2011
- New York City
U.S. indexes plunged as investors began to digest the global implications of the Italian and the euro zone turmoil. Italian bond yields surged over 7%, the level that brought down four other governments and required bailouts from the European authorities. Gold dropped 2%, copper declined 5%.
- Mukesh Buch
- 09 Nov, 2011
- New York City
Ashland reported fourth quarter net loss widened to $263 million. Dean Foods said net in third quarter swung to a loss $1.54 billion. General Motors third quarter net fell to $1.7 billion. Macy
- Nichole Harper
- 09 Nov, 2011
- New York City
U.S. indexes opened lower after the euro zone stress overwhelmed bonds and equities markets. Italian yields rose and the euro declined. Adobe Systems dropped 10% after it announced a restructuring. Blue Nile plunged 30% on weak margins and lower earning. Weight Watchers declined 8%.
- Devan Biswas
- 09 Nov, 2011
- New York City
European markets were on the defensive after investors face a protracted political wrangling in Italy and Greek leaders struggled for the third day to appoint a new government. Bond markets were nervous with Italian yields surging to new high of 7%. Vestas Wind Systems cut its annual outlook.
- Marcus Jacob
- 09 Nov, 2011
- New York City
Stocks in Japan gained after industrial and export companies led the gainers. Isuzu Motor reported better than expected earnings and ball-bearings makers plunged on the antitrust inquiry from the European Union regulators. Nomura and Sumitomo Mitsui Financial dropped on the widening Olympus scandal.
- Marcus Jacob
- 09 Nov, 2011
- New York City
Australian stocks edged higher after confidence index rose and better than expected earnings from Myer and Seven Group Holdings. Bankruptcy filings increased 18% in the third quarter to 2,961.
- Bikram Pandey
- 08 Nov, 2011
- New York City
U.S. indexes gained more than 1% led by an increase in financial and resource stocks. Italian Prime Minister offered a conditional resignation that may lead to early elections. Banks in Europe took more write down on Greek bonds and UK retail sales were weaker than expected. M&S sales dropped 10%.
- Nichole Harper
- 08 Nov, 2011
- New York City
U.S. stocks traded sideways and commodities rose after positive earnings. McDonald
- Mukesh Buch
- 08 Nov, 2011
- New York City
AmeriGas said fourth quarter net loss widened to $45.2 million. Fossil third quarter net rose 2.1% to $69.6 million. General Dynamics agreed to acquire Force Protection. priceline.com third quarter net soared to $469.5 million. Rockwell fourth quarter soared 53% to $201.8 million.
- Devan Biswas
- 08 Nov, 2011
- New York City
European markets advanced after investors focused on domestic earnings. Societe Generale third quarter earnings decline on Greek bonds write down and the French bank suspended its dividend. Italian bond yields surged near 7%.
- Nigel Thomas
- 08 Nov, 2011
- New York City
Stocks in Japan declined for the second day in a row as the yen hovered near recent highs. Toyota Motor reported worse than expected operating profit in the first half. Olympus plunged 29% to a 16-year low after the company admitted securities laws violations.
- Marcus Jacob
- 08 Nov, 2011
- New York City
Australian stocks closed higher and the dollar declined. Trade surplus in September declined to A$2.56 billion after exports fell 3% and imports edged down 1%. Short term tourist arrivals were nearly flat in the month at 500,600.
- Bikram Pandey
- 07 Nov, 2011
- New York City
U.S. stocks struggled on the first of the week as the euro zone turmoil continued and focus shifted to Italy. Bond yields on Italian bonds rose as political uncertainty increased ahead of the parliament vote tomorrow. Berkshire Hathaway expanded the most in 15 years. Gold soared 2.4%.