- Arthi Gupta
- 15 Sep, 2011
- New York City
The European indexes traded higher after Sarkozy and Merkel expressed confidence that Greece will remain in the euro-zone. The Italian Parliament approved a watered down
- Bikram Pandey
- 14 Sep, 2011
- New York City
U.S. indexes rebounded more than 1.3% and the euro gained. U.S. retail sales and producer prices remained flat in August. French banks rebounded and the central bank rejected the needs to nationalize three largest banks.
- Mukesh Buch
- 14 Sep, 2011
- New York City
Cisco lowered its annual sales growth between 5% and 7% annually for next three years. ConAgra reiterated its $94 a share all-cash proposal to acquire Ralcorp. Solutia lowered earnings per share outlook for 2011.
- Arthi Gupta
- 14 Sep, 2011
- New York City
The UK indexes gained after jobless claims rose less than estimated but unemployed soared to 7.9%. The European Central Bank offered to lend $575 million to two euro-zone banks. BP surged 4.6% after it acquired full control of Brazilian biofuel company Tropical BioEnergia.
- Arthi Gupta
- 14 Sep, 2011
- New York City
U.S. indexes traded sideways after mortgage and refinancing activity improved but retail sales and producer prices remained flat in August. Oaktree offered to acquire Jakks Pacific for $670 million. ConAgra reaffirmed its $94 a share proposal to acquire Ralcorp. Cisco lowered sales outlook.
- Nigel Thomas
- 14 Sep, 2011
- New York City
Stocks in Japan edged lower and banks led the decline on the worries of the exposure to the euro zone. Sony plans to release its next version of PlayStation hand held game device late in the year in Japan but will not discount the price. Resource linked stocks, banks and shipping companies fell.
- Arthi Gupta
- 14 Sep, 2011
- New York City
Euro area industrial production rebounded in July on strong German factory output. Finnish annual inflation slowed but Swiss producer and import price index fell in August. Dutch trade surplus rose in July.
- Arthi Gupta
- 14 Sep, 2011
- New York City
The European indexes rose after euro area production bounced back in July. Ratings agency downgraded the long term debt ratings of French banks Credit Agricole and Societe Generale. Gerry Weber first nine months of the year net rose boosted by strong growth in sales.
- Marcus Jacob
- 14 Sep, 2011
- New York City
The benchmark index in Australia declined 1.6% following the indexes in Asia lower. Australian banks declined as French banks faced trimmed access to short term funding in the U.S. money markets. Cochlear dropped 14% as the competitor won the U.S. regulatory approval.
- Bikram Pandey
- 13 Sep, 2011
- New York City
U.S. stocks struggled to inch higher and banks and financial services faced the brunt of selling. European markets rebounded but Italian bond auction drew tepid demand. UK inflation stayed above the target of central bank for the third month in a row.
- Mukesh Buch
- 13 Sep, 2011
- New York City
Best Buy second quarter net income declined 30% to $177 million. Intersil revised lower guidance for revenues in third quarter. IHS reiterated 2011 revenue in the range of $1.31 billion to $1.34 billion. Spansion updated its business outlook for the third quarter.
- Arthi Gupta
- 13 Sep, 2011
- New York City
The UK indexes closed higher but inflation accelerated in August and exports and imports rose to a record high in July. Mitchells & Butlers rebuffed takeover bid by Piedmont citing that it significantly undervalues the company.
- Arthi Gupta
- 13 Sep, 2011
- New York City
U.S. import prices fell but export prices rose in August. The Bank of America planned to cut 30,000 jobs and $5 billion in costs annually till 2014. The IEA lowered 2011 and 2012 oil demand growth outlook. Best Buy said quarterly net dropped 30%.
- Nigel Thomas
- 13 Sep, 2011
- New York City
Stocks in Japan rebounded after a steep selloff in the last five days. The benchmark index is still down 16% for the year and hovered above the low last seen in March. The euro dropped to a 10-year low against the yen. Suzuki Motor and Volkswagen alliance unravels.
- Arthi Gupta
- 13 Sep, 2011
- New York City
The jobless rate in the OECD area remained steady in July. Swedish unemployment rate dropped in August. Inflation in France, Hungary, and Sweden rose but Spanish inflation slowed in August.