- Devan Biswas
- 11 Oct, 2011
- New York City
Stocks in New York traded sideways as European leaders set the deadline of October 23 to announce bank recapitalization plan. 99 Cents Only agreed to be taken private and Dollar Thrifty declined 2% after it decided to remain independent after eighteen months of searching for a buyer.
- Nigel Thomas
- 11 Oct, 2011
- New York City
Stocks in Japan soared after a 3-day weekend. Current account surplus declined for the sixth month in a row to $5.3 billion. Toyota sales in China increased 11% in September. Takashimaya Corp revised earnings outlook and Nidec increased its share buyback plan.
- Marcus Jacob
- 11 Oct, 2011
- New York City
Australian stocks for the fifth day in a row and resource stocks led the gainers. The Australian dollar traded above parity with the U.S. dollar in intra-day trading. Banks gained and resource linked stocks closed mixed.
- Bikram Pandey
- 10 Oct, 2011
- New York City
U.S. indexes soared and banks surged 6% after European leaders offered more promises. Market sentiment may dent if politicians fail to deliver on their promises. Banks in Europe were in focus after the largest bank was nationalized. Slovakia vote on the rescue fund may offer a surprise.
- Mukesh Buch
- 10 Oct, 2011
- New York City
AT&T received pre-orders of 200,000 for iPhone 4S in the first 12 hours. Complete Production agreed to be acquired by Superior Energy in cash and stock for $6.2 billion. Netflix decided to reverse its earlier decision to split. Scotts Miracle-Gro lowered annual earnings outlook for the third time.
- Nichole Harper
- 10 Oct, 2011
- New York City
Stocks in early trading in New York surged more than 3% after France and Germany reiterated their support to recapitalize banks. Banks, materials and transportations stocks led the rally. Complete Production Services soared 34% after it agreed to a $2.6 billion bid.
- Devan Biswas
- 10 Oct, 2011
- New York City
European markets jumped on the hopes that Germany and France will follow through the promises to facilitate bank recapitalization plan. Slovakia is set to vote on the expansion of the European rescue fund. Erste Bank announced
- Marcus Jacob
- 10 Oct, 2011
- New York City
Australian indexes gained for the fourth day in a row and banks led the gainers. BHP Billiton won governments approval to expand its open cut mining operation Olympic Dam. Qantas was forced to cancel 40 flights as engineers union delayed the strike to Friday and threatened more work stoppages.
- Bikram Pandey
- 07 Oct, 2011
- New York City
Stocks in New York trading drifted after the release of better than expected net new jobs in September and turned lower after sovereign debts of Spain and Italy were lowered. For the week S&P 500 index increased 2% and declined 8% in the year.
- Devan Biswas
- 07 Oct, 2011
- New York City
U.S. stocks gained after employers added 103,000 jobs in September and chain stores retail sales increased at a faster pace. Unemployment rate was steady at 9.1% and public sector trimmed 35,000 jobs. J.C. Penney guided flat comparable same store sales in the third quarter.
- Mukesh Buch
- 07 Oct, 2011
- New York City
Express Scripts lowered annual earnings guidance. IDT fourth quarter net income declined 97%. Illumina estimated third quarter revenue of $235 million. ServiceSource expects to report third quarter revenues to exceed $49 million.
- Devan Biswas
- 07 Oct, 2011
- New York City
European markets gained after the central bank offered more liquidity to troubled banks and politicians voiced support for bank recapitalization. Banks and resources linked stocks led the gainers. Germany and France differ on how to access the rescue fund and Holland approved the expansion of EFSF.
- Nigel Thomas
- 07 Oct, 2011
- New York City
World markets put their faith in the political voices in the euro zone but await concrete actions in recapitalizing banks. Sony Corp is close to acquiring its stake in the mobile phone venture with Ericsso. OSG Corp surged after net rose 44%. KDDI and Softbank gained.
- Mukesh Buch
- 06 Oct, 2011
- New York City
Constellation Brands second quarter net income increased to $162.7 million. Helen of Troy second quarter net income rose to $23.6 million. Marriott reported third quarter net loss swung to $179 million. Ruby Tuesday first quarter net income declined 75% to $3.1 million.
- Devan Biswas
- 06 Oct, 2011
- New York City
U.S. stocks advanced in a cautious trading after weekly jobless claims increased but were lower than expected. Apple Inc