- Arthi Gupta
- 24 Oct, 2011
- New York City
European leaders agreed to ask banks to raise
- Bikram Pandey
- 23 Oct, 2011
- New York City
European leaders discuss the fate of Greek bonds and appear to increase losses for private banks to as high as 60%. Banks are likely to increase tier 1 capital to 9% and raise more capital from their investors before approaching national governments. Greece may need more bailout capital.
- Bikram Pandey
- 21 Oct, 2011
- New York City
U.S. stocks rallied after earnings lifted sentiment. S&P 500 index and the Nasdaq gained 2%. The S&P 500 index gained 1.5% in the week and closed at a 11-week high. Microsoft, General Electric, Verizon and McDonald
- Mukesh Buch
- 21 Oct, 2011
- New York City
Chipotle third quarter net surged 25% to $60.4 million. Capital One third quarter net was flat at $813 million. General Electric third quarter net surged 57% to $3.2 billion. Microsoft first quarter net gained 6.1% to $5.74 billion.
- Nigel Thomas
- 21 Oct, 2011
- New York City
Stocks in Japan closed unchanged and for the week gained 0.8%. More than 400 Japanese factories are submerged in Thailand after floods devastate one third provinces and Bangkok face rising waters. Property and casualty insurers declined on higher losses linked to Thai floods.
- Marcus Jacob
- 21 Oct, 2011
- New York City
Australian stocks were flat today and for the week gained 1.5% on the optimism that the Europe will increase the size of the rescue fund. Commodities were weak and mining companies closed lower. Qantas and unions were asked to resolve their difference by Prime Minister Gillard.
- Arthi Gupta
- 21 Oct, 2011
- New York City
The UK indexes climbed and public sector net borrowing and consumer confidence fell in September. Irish trade surplus rose in August. Thomas Cook soared 11% after reaching an agreement with its banks to amend the terms of the existing credit facilities.
- Arthi Gupta
- 21 Oct, 2011
- New York City
European indexes rebounded ahead of a weekend summit of European leaders. Greek lawmakers passed austerity measures amidst violent protests. Santander reached deal to raise $1.15 billion through stake sale in its U.S. subsidiary. Essilor quarterly revenue rose to
- Arthi Gupta
- 21 Oct, 2011
- New York City
The U.S. stocks futures rose on hopes that European leaders weekend summit will provide a clear direction. Duke Realty agreed to sell suburban offices to Blackstone for $1.08 billion. IBM completed acquisition of Algorithmics for $380.2 million. Microsoft revenue rose 7%.
- Arthi Gupta
- 21 Oct, 2011
- New York City
The euro area government deficit to GDP decreased in 2010. German and French sentiment fell in October. Hungarian retail sales rose, consumer spending in the Netherlands fell, and Spain''s mortgages loans decreased 41.7% from a year ago in August.
- Bikram Pandey
- 20 Oct, 2011
- New York City
Stocks in traded sideways awaiting the outcome of the weekend summit of European leaders. France and Germany are at odds in the use of the rescue fund. British and French mercenaries trained rebel forces killed Col. Muammar Gaddafi bringing to an end of four decades of rule.
- Mukesh Buch
- 20 Oct, 2011
- New York City
AT&T third quarter net income plummeted 71% to $3.63 billion. American Express third quarter net income rose 13% to $1.23 billion. BB&T quarterly net income soared 73% to $366 million. Eli Lilly third quarter net income fell 5% to $1.23 bn. Wynn Resorts third quarter net income swung to $1.37 bn.
- Nigel Thomas
- 20 Oct, 2011
- New York City
Stocks in Japan decreased after a weakness in international markets as the euro zone turmoil appear to continue and European leaders are at odds in how to increase the size of the rescue fund. Japanese regulators may open Olympus purchase inquiry and Toyota and Sony delay production on Thai floods.
- Arthi Gupta
- 20 Oct, 2011
- New York City
The UK indexes dropped with the European debt crisis looming large and prospects of a resolution fading. UK retail sales were better-than-estimated in September and Irish factory gate prices increased in the month. African Barrick Gold quarterly net surged 156%.
- Marcus Jacob
- 20 Oct, 2011
- New York City
Australian stocks declined after commodities prices edged lower and on the worries that the turmoil in the euro zone and in the U.S. may lead to a lower demand. Qantas faces federal government mediation as the workers strikes widen and extend in the third week.