- Arthi Gupta
- 26 Aug, 2011
- New York City
U.S. indexes traded sideways after economic growth estimate was lowered to 1% and consumer sentiment dropped to the level last seen in November 2008. BHP Billiton completed acquisition of Petrohawk Energy. Tiffany quarterly net soared 33% on revenues rise of 30%.
- Nigel Thomas
- 26 Aug, 2011
- New York City
Stocks in Japan wavered as Prime Minister Naoto Kan resigned and paved the way for the sixth prime minister in five years. The yen flirted near recent highs and banks and exporters traded volatile.
- Arthi Gupta
- 26 Aug, 2011
- New York City
Euro-zone money supply improved, French jobless rate rose, German import prices increased and Swedish surplus climbed in July. Swiss economic indicator fell in August. Spain
- Arthi Gupta
- 26 Aug, 2011
- New York City
European indexes declined for the second day in a row on the growing sentiment that Germany and France may lose their highest debt rating. Italy sold
- Marcus Jacob
- 26 Aug, 2011
- New York City
Stocks in Australia fell and the benchmark index declined 2.4% in the week. Lend Lease Group fiscal year net soared 43% on 15% lower revenues. The exchange operator ASX Ltd replaced its chief executive. Fairfax Media swung to an annual loss and will list its New Zealand based auction site Trade Me.
- Bikram Pandey
- 25 Aug, 2011
- New York City
U.S. indexes dropped 1.6% after weekly jobless claims rose and markets in Europe closed lower. Three rating agencies reaffirmed the AAA status of German debt and France, Spain and Italy extended ban on short selling banks. BofA soared more than 12% after Berkshire Hathaway agreed to $5 billion.
- Arthi Gupta
- 25 Aug, 2011
- New York City
Berkshire Hathaway Inc. announced to invest $5 billion in Bank of America. The conglomerate will buy 50,000 preferred shares at 6% dividend with a buyback clause at 5% premium. With the deal Buffett will become one of the largest shareholders of Bank of America.
- Mukesh Buch
- 25 Aug, 2011
- New York City
Applied Materials third quarter net income soared to $476 million. Big Lots second quarter net income rose to $35.7 million. Guess second quarter net earnings fell 9% to $60.7 million. TiVo second quarter net loss widened to $19.5 million.
- Arthi Gupta
- 25 Aug, 2011
- New York City
The UK indexes declined after retail sales fell in August. The UK and Switzerland agreement on taxes increase the reach of UK government. U.S.-based SPX agreed to acquire CLYDEUNION Pumps for
- Arthi Gupta
- 25 Aug, 2011
- New York City
U.S. indexes traded sideways after weekly jobless claims rose 5,000 to 417,000. SPX agreed to acquire CLYDEUNION Pumps for $1.15 billion. Renaissance Learning received $15.50 a share takeover offer. Steve Jobs resigned as CEO of Apple that he co-founded and turned it the most valued U.S. company.
- Nigel Thomas
- 25 Aug, 2011
- New York City
Stocks in Tokyo trading rebounded and the yen weakened a fraction. Exporters and trading companies gained. Energy and resource linked companies advanced as the oil firmed. Banks rebounded a day after Japanese government debt was lowered.
- Arthi Gupta
- 25 Aug, 2011
- New York City
German consumer sentiment forecasted to weaken in September. Spanish producer price inflation rose in July. Dutch producer sentiment decelerated, Swiss investor confidence slumped, and Iceland inflation remained flat in August. Swedish jobless rate and economic sentiment fell.
- Marcus Jacob
- 25 Aug, 2011
- New York City
The Australian stocks traded higher after a barrage of earnings. Virgin Blue reported smaller than expected losses. Retailer Woolworths said annual earnings rose 5% on sales increase of 4.9%. Leighton appointed new chief executive and chairman.
- Arthi Gupta
- 25 Aug, 2011
- New York City
European indexes extended gains. The French Prime Minister Francois Fillon unveiled a package of austerity measures that could save
- Bikram Pandey
- 24 Aug, 2011
- New York City
U.S. indexes turned higher in the late afternoon as bargain hunters returned and gold dropped more than 5%. The yields on the U.S. Treasury bonds, Japanese bonds and German bonds traded near recent lows. European banks to cut 40,000 banking staff.