- Nichole Harper
- 22 Sep, 2011
- New York City
European market indexes dropped to 26-month low after the batch of latest economic data pointed more weakness. Greece offered more spending cuts and Italy lowered economic outlook. German growth nearly halts. Stada Arzneimittel plunged on one time charge. Automakers and banks fall.
- Bikram Pandey
- 22 Sep, 2011
- New York City
U.S. indexes dropped 3% for the second day in a row and 10-year Treasury note yield dropped to historic low of 1.76%. Global economic data signaled slowdown in the euro zone and China. Weekly U.S. jobless claims fell to 423,000. Copper, gold and oil fell between 3% and 7%. FedEx trims outlook.
- Devan Biswas
- 22 Sep, 2011
- New York City
The euro zone private growth declined in September with the grim outlook for the rest of the year. Italy lowered its growth views till 2013. Spain home loans fell to a record low in eight years but tourist arrivals surged in August.
- Nigel Thomas
- 22 Sep, 2011
- New York City
Stocks in Tokyo edged lower as markets in Asia declined after the U.S. Fed action was less than expected. The banks led the decliners after the European risk monitoring agency cited rising risks to financial system. Softbank dropped 12% after it lost its exclusive rights to sell iPhone in Japan.
- Marcus Jacob
- 22 Sep, 2011
- New York City
Australian markets plunged following a worldwide sell off sparked by the U.S. Fed action to lower long term rates. The Fed move fell short of market expectations and indexes in Japan, India, Hong Kong and China dropped sharply.
- Mukesh Buch
- 21 Sep, 2011
- New York City
Adobe third quarter net income fell to $195.1 million. General Mills first quarter net income decreased 14% to $405.6 million. Realty Income secondary offering of 6 million shares was priced at $34 a share. Walter Energy revised second half 2011 sales expectations.
- Marcus Jacob
- 21 Sep, 2011
- New York City
Stocks in Australia gained after China
- Bikram Pandey
- 20 Sep, 2011
- New York City
The U.S. indexes advanced sharply at the opening but lost all the gains by the close as the Fed rate setting committee wraps up the 2-day meeting tomorrow. The IMF cut sharply the economic growth outlook for the U.S. and Europe and estimated sustained growth rates in emerging nations.
- Arthi Gupta
- 20 Sep, 2011
- New York City
The UK indexes rose after gross mortgage lending increased to 25-month high but Irish manufacturing output prices decreased in August. Lloyds Banking Group slumped 4%.
- Arthi Gupta
- 20 Sep, 2011
- New York City
U.S. indexes gained ahead of the FOMC meeting today. Housing starts fell more than estimated in August. IATA raised 2011 outlook. U.S. court overthrew Chevron injunction against Ecuador court verdict. GE announced new customer agreements worth more than $3 billion.
- Mukesh Buch
- 20 Sep, 2011
- New York City
AutoZone fourth quarter net increased 12% to $301.5 million. American Water Works increased its earnings estimate. Carnival Corp
- Nigel Thomas
- 20 Sep, 2011
- New York City
Stocks in Japan declined and the benchmark index dropped 1.6%. Shipping companies fell after the freight rate measure declined 3%. Banks were among the leading decliners. Nissan Motor plans to source more parts from China and Korea.
- Arthi Gupta
- 20 Sep, 2011
- New York City
German and Dutch sentiment deteriorated in September and Switzerland lowered growth outlook for 2011 and 2012. Italian industrial orders rose in July. Hungary left the benchmark two-week deposit rate unchanged at 6%.
- Marcus Jacob
- 20 Sep, 2011
- New York City
The Australian stocks declined on the persistent worries related to the euro zone and growing pessimism about the prospect of Greek default. Italy rejected a debt downgrade by S&P. Resource stocks and banks declined in Sydney trading. Metcash won an interim court ruling to acquire Franklins.
- Arthi Gupta
- 20 Sep, 2011
- New York City
The European indexes pared losses on optimism that Greece may reach an agreement with lenders on the next bailout tranche. Italy rejected a rating downgrade from S&P. Spain sold