- Bikram Pandey
- 23 Sep, 2011
- New York City
The U.S. indexes struggled to stay positive and lost more than 5.3% in the week. Gold plunged $101.90 or 5.9% and lost 9.7% in the week and silver tumbled 18%, largest one day loss in 27 years. Investors dumped stocks in Europe and Asian markets decreased.
- Devan Biswas
- 23 Sep, 2011
- New York City
U.S. stocks rebounded after a two-day selloff that knocked off 7% from indexes. U.S. Treasury yield on 10-year bond increased to 1.77% and the dollar edged higher. Greece remained in focus in European trading. Hewlett Packard declined after investors disagreed with the appointment of Whitman.
- Mukesh Buch
- 23 Sep, 2011
- New York City
Cintas first quarter net earnings increased 12% to $68.6 million. Cavium update financial outlook for third quarter. NIKE first quarter net income increased 15% to $645 million. Mosaic first quarter net earnings surged 77% to $526 million. TriQuint lowered its third-quarter earnings outlook.
- Devan Biswas
- 23 Sep, 2011
- New York City
European markets dropped for the third day in a row after a joint statement from G20 nations failed to offer any specific new initiatives. The fire storm of talks in Washington among policymakers and world finance leaders has failed to convince world markets.
- Marcus Jacob
- 23 Sep, 2011
- New York City
Australian stocks extended losses for the second day in a row and declined 5.7% in the week and fell 8% in the month. The G20 statement failed to convince world markets and indexes in Asia declined.
- Bikram Pandey
- 22 Sep, 2011
- New York City
The selling pressure gripped world markets with the U.S. indexes extending losses for the second day in a row and falling more than 3%. Investors were underwhelmed by the talks of appointing Meg Whitman as the next Hewlett Packard chief executive.
- Mukesh Buch
- 22 Sep, 2011
- New York City
Bed Bath second quarter net earnings increased to $229.4 million. FedEx first quarter net income soared 22% to $464 million. Goodrich agreed to be acquired by United Technologies for $18.4 billion.
- Nichole Harper
- 22 Sep, 2011
- New York City
European market indexes dropped to 26-month low after the batch of latest economic data pointed more weakness. Greece offered more spending cuts and Italy lowered economic outlook. German growth nearly halts. Stada Arzneimittel plunged on one time charge. Automakers and banks fall.
- Bikram Pandey
- 22 Sep, 2011
- New York City
U.S. indexes dropped 3% for the second day in a row and 10-year Treasury note yield dropped to historic low of 1.76%. Global economic data signaled slowdown in the euro zone and China. Weekly U.S. jobless claims fell to 423,000. Copper, gold and oil fell between 3% and 7%. FedEx trims outlook.
- Devan Biswas
- 22 Sep, 2011
- New York City
The euro zone private growth declined in September with the grim outlook for the rest of the year. Italy lowered its growth views till 2013. Spain home loans fell to a record low in eight years but tourist arrivals surged in August.
- Nigel Thomas
- 22 Sep, 2011
- New York City
Stocks in Tokyo edged lower as markets in Asia declined after the U.S. Fed action was less than expected. The banks led the decliners after the European risk monitoring agency cited rising risks to financial system. Softbank dropped 12% after it lost its exclusive rights to sell iPhone in Japan.
- Marcus Jacob
- 22 Sep, 2011
- New York City
Australian markets plunged following a worldwide sell off sparked by the U.S. Fed action to lower long term rates. The Fed move fell short of market expectations and indexes in Japan, India, Hong Kong and China dropped sharply.
- Mukesh Buch
- 21 Sep, 2011
- New York City
Adobe third quarter net income fell to $195.1 million. General Mills first quarter net income decreased 14% to $405.6 million. Realty Income secondary offering of 6 million shares was priced at $34 a share. Walter Energy revised second half 2011 sales expectations.
- Marcus Jacob
- 21 Sep, 2011
- New York City
Stocks in Australia gained after China
- Bikram Pandey
- 20 Sep, 2011
- New York City
The U.S. indexes advanced sharply at the opening but lost all the gains by the close as the Fed rate setting committee wraps up the 2-day meeting tomorrow. The IMF cut sharply the economic growth outlook for the U.S. and Europe and estimated sustained growth rates in emerging nations.