- Nichole Harper
- 14 Feb, 2012
- New York City
U.S. stocks traded lower and declined from the high of seven-month after retail sales were softer than expected. The broader indexes have jumped more than 25% in the rally that began in October. Banks were among the leading decliners.
- Mukesh Buch
- 14 Feb, 2012
- New York City
BorgWarner fourth quarter net increased to $122 million. Omnicom quarterly net increased 10% on 7.4% rise in sales. Watson Pharmaceuticals fourth quarter net surged to $94.8 million.
- Devan Biswas
- 14 Feb, 2012
- New York City
European markets turned higher after successful bond auctions from Greece, Spain, Italy and Belgium and German bund futures reversed earlier losses to turn positive. German economic sentiment improved in February but Greek economy shrank at annual rate of 7% in the final quarter of 2011.
- Nigel Thomas
- 14 Feb, 2012
- New York City
Stocks in Tokyo trading staged a reversal after the Bank of Japan expanded its asset purchase and lending program by $130 billion to $835 billion. Sumitomo Rubber gained on higher than expected income. MS&AD declined on sharply higher loss linked to Thai floods.
- Marcus Jacob
- 14 Feb, 2012
- New York City
Stocks in Sydney trading closed lower on a weakness in resource sector and banking stocks. Tabcorp Holdings plans to raise $200 million in a debt offering. News Corp faces more inquiries after unearthing of evidence that linked James Murdoch to the wider hacking practice.
- Bikram Pandey
- 13 Feb, 2012
- New York City
U.S. stocks traded higher after indexes declined for the first time last week as investors focused on domestic earnings and events. Industrials, energy and technology sectors led the broad rally today. Oil jumped above $100 on new tension linked to Iran and Saudi Arabia.
- Arjun Dave
- 13 Feb, 2012
- New York City
President Obama proposed tax incentives for manufacturing and a large corporate tax overhaul that could lower maximum tax rate and levy minimum taxes on filers with more than $1 million of income. Republicans vowed to stymie the plan that cuts the military spending by only 1%.
- Nichole Harper
- 13 Feb, 2012
- New York City
U.S. indexes traded higher on the first day after Greek lawmakers approved additional austerity measures and the euro advanced. Commodities and oil edged higher. Republican lawmakers gird for a fight the fiscal 2013 budget that cuts defense spending by only 1% and closes corporate loopholes.
- Mukesh Buch
- 13 Feb, 2012
- New York City
Chesapeake Energy will raise $10 billion to $12 billion from asset sale. Diebold fourth quarter net income swung to $79.8 million and Regeneron Pharmaceuticals fourth quarter net loss widened to $53.4 million. W.W. Grainger said January sales increased 17%.
- Devan Biswas
- 13 Feb, 2012
- New York City
European markets advanced after Greek lawmakers approved deeply unpopular economic measures as people rioted on the streets of Athens. Italy completed the short term debt sale of
- Nigel Thomas
- 13 Feb, 2012
- New York City
The Nikkei index gained after losses for two days in a row. The GDP in December quarter shrank at 0.6% on weaker than expected exports. Fanuc advanced after the company plans to double its machine tools capacity at a plant near Tokyo. Tepco estimated higher loss.
- Marcus Jacob
- 13 Feb, 2012
- New York City
Australian stocks traded higher on the hopes that Greek Parliament approval will contain the debt contagion in Europe. ANZ was the latest bank to break ranks with the RBA and increase rates and NAB announced job cuts but failed to trim executive salaries and bonuses.
- Bikram Pandey
- 10 Feb, 2012
- New York City
World markets slide after Greek turmoil put investors on edge. Market indexes in Europe and in New York dropped 1% or more and commodities declined. The U.S. trade deficit surged on rising imports from China and growing purchase of crude oil.
- Nichole Harper
- 10 Feb, 2012
- New York City
U.S indexes dropped 1% as investors were on the defensive as Greek debt talks reach next hurdle. Crude oil halted 3-day rally and commodities declined on the economic worries. LinkedIn jumped 9% after net income soared 30%.
- Devan Biswas
- 10 Feb, 2012
- New York City
European markets traded lower after the euro zone finance ministers set more conditions for Greece before releasing the next bailout funds. Saab declined 9% after quarterly orders were below expectations. Barclays accelerated plans to cut expenses and trim bonuses.