- Marcus Jacob
- 11 Nov, 2011
- New York City
Australian stocks edged up and closed nearly unchanged after a volatile week. Leighton Holdings vowed to keep costs under control and reaffirmed its annual earnings outlook. Fairfax Media dropped after founder sold his entire stake.
- Bikram Pandey
- 10 Nov, 2011
- New York City
U.S. stocks traded higher a day after the indexes plunged 3.7%. Earnings and narrower trade deficit played a role in improving the sentiment. Worries for the euro zone eased after Italy successfully sold bonds but at a higher rate. U.S. trade deficit declined and China''''s export growth slowed.
- Nichole Harper
- 10 Nov, 2011
- New York City
U.S. stocks gained on positive earnings and a sustained rise in Chinese trade. Market sentiment was bolstered at the opening after Italy completed the sale of
- Mukesh Buch
- 10 Nov, 2011
- New York City
99Cents second quarter net increased to $15.1 million. Cisco first quarter net fell 7.9% to $1.8 billion. Kohl
- Devan Biswas
- 10 Nov, 2011
- New York City
European markets stabilized after Italy successfully completed the sale of 1-year note but at nearly twice the rate only five weeks ago. Market indexes across the region were generally higher. Greek Prime Minister designate Lucas Papademos reaffirmed the commitment to euro.
- Nigel Thomas
- 10 Nov, 2011
- New York City
Japan stocks declined following the regional losses in Asian markets. Banks were among the leading decliners. Machinery orders in September fell 8.2%. Olympus stock plunged daily limit as police inquiry begins.
- Marcus Jacob
- 10 Nov, 2011
- New York City
Australian stocks recovered from the early selloff after China reported rising imports. Australia added net new 10,100 jobs in October. Brambles quarterly net soars 32%. John B. Fairfax sold his remaining 9.7% in the namesake media company.
- Bikram Pandey
- 09 Nov, 2011
- New York City
U.S. indexes plunged as investors began to digest the global implications of the Italian and the euro zone turmoil. Italian bond yields surged over 7%, the level that brought down four other governments and required bailouts from the European authorities. Gold dropped 2%, copper declined 5%.
- Mukesh Buch
- 09 Nov, 2011
- New York City
Ashland reported fourth quarter net loss widened to $263 million. Dean Foods said net in third quarter swung to a loss $1.54 billion. General Motors third quarter net fell to $1.7 billion. Macy
- Nichole Harper
- 09 Nov, 2011
- New York City
U.S. indexes opened lower after the euro zone stress overwhelmed bonds and equities markets. Italian yields rose and the euro declined. Adobe Systems dropped 10% after it announced a restructuring. Blue Nile plunged 30% on weak margins and lower earning. Weight Watchers declined 8%.
- Devan Biswas
- 09 Nov, 2011
- New York City
European markets were on the defensive after investors face a protracted political wrangling in Italy and Greek leaders struggled for the third day to appoint a new government. Bond markets were nervous with Italian yields surging to new high of 7%. Vestas Wind Systems cut its annual outlook.
- Marcus Jacob
- 09 Nov, 2011
- New York City
Stocks in Japan gained after industrial and export companies led the gainers. Isuzu Motor reported better than expected earnings and ball-bearings makers plunged on the antitrust inquiry from the European Union regulators. Nomura and Sumitomo Mitsui Financial dropped on the widening Olympus scandal.
- Marcus Jacob
- 09 Nov, 2011
- New York City
Australian stocks edged higher after confidence index rose and better than expected earnings from Myer and Seven Group Holdings. Bankruptcy filings increased 18% in the third quarter to 2,961.
- Bikram Pandey
- 08 Nov, 2011
- New York City
U.S. indexes gained more than 1% led by an increase in financial and resource stocks. Italian Prime Minister offered a conditional resignation that may lead to early elections. Banks in Europe took more write down on Greek bonds and UK retail sales were weaker than expected. M&S sales dropped 10%.
- Nichole Harper
- 08 Nov, 2011
- New York City
U.S. stocks traded sideways and commodities rose after positive earnings. McDonald