- Arthi Gupta
- 07 Dec, 2011
- New York City
The U.S. indexes turned lower ahead of the two-day euro area summit starting tomorrow in Brussels. U.S. mortgage applications rebounded. Citigroup announced to cut 4,500 jobs worldwide.
- Arthi Gupta
- 07 Dec, 2011
- New York City
French trade deficit declined and German industrial production rebounded in October. Swiss jobless rate remained unchanged in November. Norway''s current account surplus rose in the third quarter.
- Arthi Gupta
- 07 Dec, 2011
- New York City
European indexes edged higher ahead of the two-day EU summit and European policymakers contemplate a second bailout fund with $50 billion from the IMF. Germany sold
- Bikram Pandey
- 06 Dec, 2011
- New York City
U.S. and European markets traded sideways and metals declined. U.S. indexes followed weak European and Asian markets after a rating agency placed 15 euro zone nations on a rating watch. An independent panel said management at Olympus hid losses of $1.5 billion.
- Mukesh Buch
- 06 Dec, 2011
- New York City
3M Company affirmed its 2011 earnings and anticipated better 2012 outlook. AutoZone first quarter net increased 11% to $191 million. Clearwire plans to raise $300 million in a public offering. Toll Brothers fourth quarter net declined to $15 million.
- Nigel Thomas
- 06 Dec, 2011
- New York City
Stocks and indexes in Tokyo trading fell on the worries that the euro zone summit at the end of the week may not produce intended results. Meiji, the maker of powdered milk recalled 40,000 cans after a radioactive contamination scare.
- Arthi Gupta
- 06 Dec, 2011
- New York City
UK indexes traded flat and investors were cautious ahead of the 2-day summit in Europe. Home prices, retail sales and car registrations in the UK declined. BP accused Halliburton of destroying unfavorable results from tests on cement used to plug the well in the Gulf of Mexico.
- Arthi Gupta
- 06 Dec, 2011
- New York City
The U.S. indexes futures gained despite the worsening euro area debt crisis. Standard & Poor''s warned that it may downgrade debt ratings of 15 euro-zone nations, including France and Germany if the EU summit this week is inconclusive. Toll Brothers quarterly net plunged 70%.
- Marcus Jacob
- 06 Dec, 2011
- New York City
Australian stocks declined after Reserve Bank lowered its benchmark rate 25 basis points to 4.25%. The second rate cut in as many months also raised worries that the growing debt contagion in the euro zone may affect Australia. Santos Limited began its gas processing plant in Western Australia.
- Arthi Gupta
- 06 Dec, 2011
- New York City
The euro area economy expanded an unrevised 0.2% in the third quarter. Germany''s factory orders soared and Czech retail sales improved in October. Switzerland''s consumer prices declined in November.
- Arthi Gupta
- 06 Dec, 2011
- New York City
European indexes edged lower after S&P placed sovereign ratings of 15 euro area nations on watch for potential downgrades. The IMF approved
- Bikram Pandey
- 05 Dec, 2011
- New York City
U.S. stocks trimmed gains as European leaders prepared for a summit on Friday that may accelerate the fiscal integration in the euro zone. Italy and Ireland propose austerity measures as bond yield edge lower in the region. In merger news $7 billion of deals were announced.
- Mukesh Buch
- 05 Dec, 2011
- New York City
Alexander & Baldwin plan to separate in to two independent publicly traded companies. Dollar General said third quarter net soared 34% to $171.2 mn. Entergy Corp. agreed to merge its electricity transmission business with ITC. SuccessFactors agreed to be acquired by SAP America, Inc. for $3.4 bn.
- Arthi Gupta
- 05 Dec, 2011
- New York City
The UK indexes climbed on euro area optimism. The UK service sector growth improved in November and manufacturing industry association lowered its estimate for the growth in the sector to 0.9% from the previous forecast of 2.2%. Aberdeen Asset Management Plc fiscal year 2011 net surged 83%.
- Arthi Gupta
- 05 Dec, 2011
- New York City
The U.S. indexes futures edged higher after positive developments in Europe. The Italian Parliament is expected to approve