- Nigel Thomas
- 04 Nov, 2011
- New York City
Nikkei index in Tokyo gained 1.9% on Friday but for the week lost 2.8%. Sony revised annual loss higher and said it will lose money for the fourth year in a row. Nissan estimated higher profit despite higher yen and Thai floods.
- Marcus Jacob
- 04 Nov, 2011
- New York City
Australian stocks rebounded 2% as commodities prices rose and Asian markets closed higher. After a tumultuous day in Greece, prime minister agreed to back away from the referendum after opposition party backed EU deal. Qantas plans to turn Europe business profitable in three three to five years.
- Bikram Pandey
- 03 Nov, 2011
- New York City
U.S. stocks scaled higher for the second day in a row after the European Central Bank lowered its key lending rate 25 basis points to 1.25%. Weekly jobless claims fell below 400,000 level and October chain store sales growth declined. Greek Prime Minister softened his stance on the referendum.
- Mukesh Buch
- 03 Nov, 2011
- New York City
Duke Energy third quarter net decreased to $472 million. DirecTV third quarter net increased 8% to $516 million. Kellogg third quarter net declined 11% to $290 million. NYSE Euronext third quarter net surged 54% to $186 million. Sara Lee reported third quarter net loss of $215 million.
- Nichole Harper
- 03 Nov, 2011
- New York City
U.S. stocks struggled to hold onto early gains after central bank in Europe cut its lending rate. Eastman Kodak estimated a higher annual loss and lower revenues. Third quarter productivity increased at 3.1% and weekly jobless claims fell below 400,000.
- Devan Biswas
- 03 Nov, 2011
- New York City
Market indexes in Europe surged after the newly appointed ECB President Mario Draghi lowered key rate to 1.25%. The surprise decision lifted market indexes, banks and financial services companies. Greek turmoil reached to a new low after finance minister voiced his concern on the referendum.
- Marcus Jacob
- 03 Nov, 2011
- New York City
Australian stocks eased for the fourth day in a row. News Corp gained after it reported better than expected earnings but ANZ Group fell 2% on the weak second half earnings. Building products maker Boral declined after it issued a cautious outlook.
- Bikram Pandey
- 02 Nov, 2011
- New York City
U.S. stocks pared gains after Fed lowered its economic growth outlook for the next three years and estimated higher unemployment. Current year growth was lowered to no more than 1.7% and unemployment as high as 9.1%. A separate report estimate private sector added 110,000 jobs.
- Mukesh Buch
- 02 Nov, 2011
- New York City
AOL reported third quarter net loss of $2.6 million. Comcast third quarter net increased to $908 million. Devon Energy third quarter net declined to $1.04 billion. MasterCard third quarter net increased to $717 million. Time Warner third quarter net soared to $822 million.
- Nichole Harper
- 02 Nov, 2011
- New York City
U.S. stocks soared after a 2-day slump as commodities rebounded. The dollar held firm after private employers added 110,000 net new jobs. Investors await Fed decision after a 2-day meeting. MasterCard soars after worldwide spending surges.
- Devan Biswas
- 02 Nov, 2011
- New York City
European markets traded volatile as banks rebounded from the lows. Euro zone manufacturing survey indicated a sharp fall in activities in Italy, France and Germany. Separately, German unemployment rose to 7%.
- Nigel Thomas
- 02 Nov, 2011
- New York City
Stocks in Tokyo trading fell as investors turned cautious after worries on the euro zone and Greek referendum rose. Sony estimate annual loss of $1.2 billion on the rising yen and weak television sales. Shipping companies declined on the falling freight rates.
- Marcus Jacob
- 02 Nov, 2011
- New York City
Australian stocks edged lower after international markets dropped on the rising worries in the euro zone. September construction approval dropped 13.6%. OneSteel fell after it said higher dollar will hurt its first half earnings. Westpac Banking said lending growth slowed and bad debt charges fell.
- 123jump.com Staff
- 02 Nov, 2011
- New York City
The used car dealer said net sales and operating revenues increased 11% to $2.59 billion on comparable store used unit sales fall of 2% in the quarter. Net quarterly income climbed 3.7% to $111.9 million. Earnings per share rose to 49 cents compared with 48 cents per share a year-ago quarter.
- Bikram Pandey
- 01 Nov, 2011
- New York City
U.S. indexes declined 2% after fresh worries on Greek accord resurfaced. Greek government may fall as early as Friday and Greece may put to test recently agreed debt restructuring to a popular vote. MF Global Holdings Ltd confirmed to federal regulators that client funds may have been diverted.