- Mukesh Buch
- 01 Nov, 2011
- New York City
American Tower third quarter net swung to $15.7 million. Baker Hughes third quarter net soared to $706 million. BB&T to acquired BankAtlantic. Pfizer third quarter net surged to $3.7 billion. Thomson Reuters third quarter net increased to $381 million. Allstate net declined 55% to $165 million.
- Devan Biswas
- 01 Nov, 2011
- New York City
U.S. indexes declined on the renewed worries about the euro zone and growing scepticism about the recent debt accord. Manufacturing index showed a decline on weaker export orders. MF Global may face regulatory investigation in bankruptcy.
- Devan Biswas
- 01 Nov, 2011
- New York City
European markets plunged after Greece decided to seek a referendum on EU bailout terms. The surprise decision stunned the European markets with indexes plunging more than 5% in the region. Yields on Italian and Spanish bonds rose.
- Nigel Thomas
- 01 Nov, 2011
- New York City
The Nikkei index in Tokyo declined on fresh worries in the euro zone. The yen traded near its 3-month high after finance ministry intervened in the currency market. Japanese auto makers suffer production delays till December on Thai floods.
- Marcus Jacob
- 01 Nov, 2011
- New York City
Australian indexes declined tracking weak markets in Asia and Reserve Bank of Australia lowered rate by 25 basis points to 4.5%. Home prices declined for the third quarter in a row with Brisbane leading the fall.
- Bikram Pandey
- 31 Oct, 2011
- New York City
U.S. indexes dropped 2% and finished the October with the best monthly gains in more than a decade. MF Global sought bankruptcy protection in a New York court after it lost bests on European sovereign bonds. Financials dropped and commodities turned lower.
- Mukesh Buch
- 31 Oct, 2011
- New York City
AbitibiBowater third quarter net loss narrowed to $44 million. Humana third quarter net increased 13.1% to $444.8 million. Loews third quarter net soared to $162 million. Sohu.com third quarter net income increased 17% to $46.8 million.
- Devan Biswas
- 31 Oct, 2011
- New York City
European indexes declined and yields on Italian and Spanish bonds gained. Belgium completed the sale of
- Nichole Harper
- 31 Oct, 2011
- New York City
U.S. stocks trended lower on the last trading day of October and indexes soared more than 11% in the month. The S&P 500 index gained 11.8% and the Nasdaq index added 11.9% in the month. MF Global filed for bankruptcy protection after the deal with Interactive Brokers fell apart.
- Nigel Thomas
- 31 Oct, 2011
- New York City
Finance ministry in Japan intervened in the currency market and propped up the yen by 4%. The yen had traded near its 25-year high. Stocks declined and investors surmised the intervention will not sustain the weaker yen. Ebara Corp plunged 11% and Mitsui OSK dropped 4% on weak earnings outlooks.
- Marcus Jacob
- 31 Oct, 2011
- New York City
Australian stocks closed lower on the last day of October and but gained 7.1% in the month. October month gain was the best since July 2009. Banks led the decliners and resource stocks closed mixed. Qantas resumed flight operations after an order from labor tribunal.
- Arjun Dave
- 30 Oct, 2011
- New York City
Fair Work Australia ordered Qantas strike suspended early Monday morning and flights are expected to resume in the afternoon. However, structural problems at Qantas are not going to go away as the airline reposition in Asia and battles for a profitable market share in long haul travel to Europe.
- Bikram Pandey
- 28 Oct, 2011
- New York City
U.S. stocks declined and the S&P 500 index declined after a rally on Thursday. Investors recalibrated their enthusiasm about Greek bond restructuring and European bank recapitalization plan. Yields on Italian bonds surged near record.
- Devan Biswas
- 28 Oct, 2011
- New York City
Cablevision Systems declined after it lost more than estimated video service subscribers. Cigna Corp turned lower and the company lifted annual earnings outlook. Whirlpool Co plunged after it reported weaker sales and plans to cut 5,000 jobs. China based search engine operator Baidu Inc jumped.
- Nichole Harper
- 28 Oct, 2011
- New York City
Stocks in New York eased after a sharp rally on Thursday. Consumer spending accelerated and rose 0.6% in September and consumer confidence index was revised higher in October. Whirlpool Corp plans to cut 5,000 jobs and Chevron said third quarter net more than doubled. Cigna lifted annual outlook.