- Marcus Jacob
- 06 Feb, 2012
- New York City
Australian retail sales increased 2.4% in 2011, the slowest annual pace in 27 years when record keeping began. Perpetual chief executive resigned and Spotless Group permitted Pacific Equity Partners to conduct due diligence.
- Bikram Pandey
- 03 Feb, 2012
- New York City
U.S. markets rallied after the release of January jobless data. S&P 500 index gained 1.4% and the Nasdaq added 1.6%. For the week, the two leading indexes gained more than 2%. European markets advanced on the hopes that Greek talks will end this weekend.
- Nichole Harper
- 03 Feb, 2012
- New York City
European markets closed higher and advanced in the week as miners and bank led the gainers. Market sentiment was cautious after Greek bailout cost was raised by
- Devan Biswas
- 03 Feb, 2012
- New York City
U.S. stocks surged after jobless rate fell in January to 8.3% and non-farm payrolls increased 243,000. The monthly unemployment rate fell for the fifth month in a row. Estee Lauder dropped 4% after it estimated lower than expected earnings.
- Mukesh Buch
- 03 Feb, 2012
- New York City
Aon fourth quarter net increased to $277 million. Allergan fourth quarter net increased to $279.8 million. Atmel expects fourth quarter revenues to be dropped 20% to $384 million. Tyson Foods first quarter net slipped to $156 million.
- Nigel Thomas
- 03 Feb, 2012
- New York City
Japanese stocks declined after a set of weak earnings and uncertainty in the euro zone and ahead of the U.S. jobs report. Nippon Sheet Glass and Oji Paper declined weak quarterly performance. Sumco Cop soared after it announced to eliminate 15% of its staff.
- Marcus Jacob
- 03 Feb, 2012
- New York City
Australian stocks edged lower and declined in the week for the first time this year. Commodities traded lower. The service sector index expanded at the fastest pace in five months in January. Magma Metals soared after it received a takeover bid from Panoramic Resources.
- Devan Biswas
- 02 Feb, 2012
- New York City
U.S. indexes struggled after Fed Chairman Bernanke expression frustration with the recovery and investors digested mixed earnings, January same store retail sales and lower weekly jobless claims. In Europe hopes were high for Greek debt restructuring and Spain raised more than targeted in debt sale.
- Nigel Thomas
- 02 Feb, 2012
- New York City
The benchmark Nikkei index extended gains for the third day as companies release earnings. Sharp Corp plunged its daily limit after it estimated larger than expected loss. Nomura and Itochu gained after reporting higher than expected net income.
- Mukesh Buch
- 02 Feb, 2012
- New York City
Cummins fourth quarter net increased to $548 million. Goodrich fourth quarter net soared to $237.9 million. Kellogg fourth quarter net increased to $232 million. Qualcomm first quarter net increased 20% to $1.40 billion. MasterCard fourth quarter net declined to $19 million.
- Arthi Gupta
- 02 Feb, 2012
- New York City
The UK indexes traded flat after the UK construction sector eased in January. The Irish central bank trimmed growth outlook for 2012. AstraZeneca planned to cut 7,300 jobs.
- Arthi Gupta
- 02 Feb, 2012
- New York City
The U.S. indexes gained after weekly jobless claims fell 12,000 to 367,000 and labor productivity increased 0.7% in the fourth quarter of 2011. American Airlines planned to cut 13,000 jobs. Facebook filed to raise $5 billion in initial public offering.
- Marcus Jacob
- 02 Feb, 2012
- New York City
Australian stocks gained after a streak of 3-day losses and on the rising exports of commodities to Asia. December exports rose 2% to $27.92 billion and trade surplus widened to $1.71 billion. The supermarket chain Coles said food and liquor sales increased 4.1% in the quarter to December.
- Arthi Gupta
- 02 Feb, 2012
- New York City
Euro area producer price inflation eased in December. Spanish jobless rate rose in January and Swiss trade surplus soared to record high in 2011. The National Bank of Romania cut interest rate to 5.5%.
- Arthi Gupta
- 02 Feb, 2012
- New York City
European markets traded mixed after France raised