- Arthi Gupta
- 20 Jul, 2011
- New York City
German producer prices eased to a 6-month low in June. Iceland jobless rate fell in the second quarter. Italian industrial orders improved in May. Dutch and Danish consumer sentiment declined in July.
- Arthi Gupta
- 20 Jul, 2011
- New York City
European indexes extended gains ahead of the Greek bailout summit. German producer prices increased 5.6%. Accor first-half revenue rose 4.4% to
- Bikram Pandey
- 19 Jul, 2011
- New York City
U.S. indexes closed higher after earnings dominated market sentiment. IBM quarterly net increased 8% and Coca-Cola net rose 18%. Bank of America swung to a net loss on higher loan losses. Market sentiment was bolstered after June home starts soared 15% to annual rate of 629,000.
- Mukesh Buch
- 19 Jul, 2011
- New York City
Bank of America reported second quarter net loss of $8.8 billion. IBM second quarter net income increased 8% to $3.7 billion. Goldman Sachs second quarter net income soared 132% to $1 billion. Wells Fargo second quarter net income increased 29% to $3.9 billion.
- Arthi Gupta
- 19 Jul, 2011
- New York City
The UK indexes traded higher on upbeat global earnings. News Corp. chief executive Rupert Murdoch, his son James and former chief of News International Rebekah Brooks will appear before a parliamentary committee today. Irish factory gate prices fell in June.
- Arthi Gupta
- 19 Jul, 2011
- New York City
U.S. indexes gained after strong earnings and housing starts rose 14.6% in June. Cisco agreed to sell Mexican set-top box factory to Foxconn and planned job cuts. IBM net rose 8%. Bank of America swung to a net loss on impairment charges.
- Nigel Thomas
- 19 Jul, 2011
- New York City
Stocks in Tokyo declined below its 200-day average as global economic worries resurfaced. Industrials and automakers were among the leading decliners. Banks fell more than 2% on the worries that the debt contagion may widen in the euro-zone.
- Arthi Gupta
- 19 Jul, 2011
- New York City
Construction output in the euro are slowed in May. German economic sentiment fell more-than-anticipated in July. Greek jobless rate declined to 15.8% in April. Portuguese PPI eased in June.
- Marcus Jacob
- 19 Jul, 2011
- New York City
Australian stocks edged lower as the rising sovereign debt talk stress in the U.S. and Europe weakened the sentiment. News Corp credit rating may be lowered according a rating agency. OZ Minerals launches a stock buyback plan for $200 million.
- Arthi Gupta
- 19 Jul, 2011
- New York City
European indexes rallied from a seven-month low on better-than-estimated earnings. An emergency summit of euro area leaders is scheduled for Thursday in Brussels to finalize a bailout package for Greece. Spain successfully sold
- Bikram Pandey
- 18 Jul, 2011
- New York City
The U.S. indexes followed the decline in European markets after debt stress rose across both sides of the Atlantic. Bank stress tests results showed significantly large bank exposures to bonds of Italy, Spain and Greece. Gold and silver resumed their advances in the third week.
- Mukesh Buch
- 18 Jul, 2011
- New York City
General Dynamics acquired Network Connectivity. Gannett second quarter net income declined 22.5% and Halliburton second quarter net income soared to $739 million. Hertz agreed to acquire Donlen Corp. in $930 Million. WebMD revised expected revenue and net income.
- Nigel Thomas
- 18 Jul, 2011
- New York City
The U.S. indexes traded lower as debt talks stall and lawmakers prepare to pass stop-gap bills that may lead to a partial solution. In addition, the stress in the euro-zone sovereign debt rose as the yields on Spanish and Italian bonds inched toward danger zone. Gold traded above $1,600.
- Arjun Dave
- 18 Jul, 2011
- New York City
European markets declined more than 1% after investors digested bank stress test results which many consider were not stressful enough. Italian bond yields rose above 6% and the euro dropped to a record low against the Swiss franc. Philips swung to a second quarter loss.
- Marcus Jacob
- 18 Jul, 2011
- New York City
Australian stocks closed nearly unchanged as energy and metals closed mixed. Sundance Resources received $1.4 billion takeover from China based Hanlong Mining. News Corp continued its slide for the second week as restive shareholder demand the removal of Rupert Murdoch from management.