- Arthi Gupta
- 23 Aug, 2011
- New York City
European indexes traded higher and Spain completed the sale of bonds at a lower yield. UBS planned to eliminate 3,500 jobs. The Committee on Foreign Investment in the United States approved Deutsche Boerse and NYSE Euronext merger.
- Bikram Pandey
- 22 Aug, 2011
- New York City
U.S. stocks struggled for the fourth day in a row and investors sought safety in precious metals. The U.S. bond yields hovered near record lows and gold raced to $1,900 an ounce. Oil edged higher as Gaddafi struggled to hold on Tripoli. Markets in Europe gained more than 1% and in Asia closed mixed.
- Nigel Thomas
- 22 Aug, 2011
- New York City
Stocks in Japan continued to drift lower on record high yen. The Nikkei declined to the level last seen on March 15 and the broader Topix index fell to a 2-year low. Automakers, electronics exporters and banks were among the leading decliners.
- Arthi Gupta
- 22 Aug, 2011
- New York City
The UK indexes surged after resource-linked stocks gained and the UK household finance index declined in August. Essar revenues soared 37% driven by higher refining revenues. Micro Focus slumped 4.3% after terminating bid talks.
- Arthi Gupta
- 22 Aug, 2011
- New York City
U.S. indexes rallied ahead of the anticipated speech by Federal Reserve Chairman Ben Bernanke. Bain Capital agreed to acquire Australia-based personal software maker MYOB. Cisco announced its intent to acquire AXIOSS software assets. Australia-based Bow Energy receives $520 million bid.
- Marcus Jacob
- 22 Aug, 2011
- New York City
The Australian benchmark declined after weak commodities prices. BlueScope shuttered two steel plants and eliminated 1,000 jobs and Amcor announced better than expected earnings. Coal seam gas maker Bow Energy soared 60% after it received a buyout offer from Arrow Energy.
- Arthi Gupta
- 22 Aug, 2011
- New York City
German tax revenues rose 9.9% to
- Arthi Gupta
- 22 Aug, 2011
- New York City
European indexes inched higher as NATO led aggression in Libya captured Tripoli. German Chancellor Angela Merkel rejected the idea of euro bonds as a solution to the sovereign debt crisis. Spain unveiled additional austerity measures. Skype agreed to buy GroupMe.
- Bikram Pandey
- 19 Aug, 2011
- New York City
Global markets continued to slide for the third day in a row and tech stocks led the decline. The U.S. and European indexes extended losses with banks facing another round of sovereign bonds losses as the euro-zone debt contagion spreads to Italy and France. Hewlett-Packard plunged 20%.
- Mukesh Buch
- 19 Aug, 2011
- New York City
Autodesk second quarter net income increased to $71.2 million. Hewlett-Packard third quarter net income rose 9% to $1.9 billion. Intuit reported fourth quarter net loss in the quarter widened 19% to $57 million. Gap second quarter net income decreased 19% to $189 million.
- Arthi Gupta
- 19 Aug, 2011
- New York City
The UK indexes traded lower on escalating economic worries in the U.S. and the rising tensions in the euro area. The UK budget deficit was less than estimated in July. Autonomy surged 75% on a takeover proposal of
- Nigel Thomas
- 19 Aug, 2011
- New York City
The Nikkei index in Tokyo dropped 2.5% after markets in Asia declined sharply on the renewed economic worries in the U.S. and Europe. The yen traded near its record high as speculators seek safety. The chipmakers extended losses for the second day.
- Arthi Gupta
- 19 Aug, 2011
- New York City
U.S. indexes decline for the third day in a row as global economic worries intensify. AIG reduced U.S. Treasury stake in its subsidiary by repaying $2 billion. Bank of America plans to cut 3,500 jobs this quarter. Norilsk Nickel offered to buy back 15% of its stake held by Rusal for $8.75 billion.
- Marcus Jacob
- 19 Aug, 2011
- New York City
The Australian benchmark index extended losses for the second day and declined 1.7% in the week. The index is down 13.6% in the year as commodities prices weaken as the U.S. and European economies struggle. Billabong profit declined and ANZ earnings net expectations.
- Arthi Gupta
- 19 Aug, 2011
- New York City
German producer price inflation rose in July. The monthly earnings index for Hungary increased 4.7% from a year ago in June. French leading index increased in June. Swiss current account surplus improved in 2010.