- Bikram Pandey
- 06 Sep, 2011
- New York City
The U.S. indexes traded lower after a vortex of negative news from Europe added to market anxieties. The indexes trimmed losses after the service index showed an improvement in August. Shaw Group agreed to sell its 20% stake in Westinghouse Electric to Toshiba.
- Nigel Thomas
- 06 Sep, 2011
- New York City
The benchmark index in Japan declined 2.2% as investors feared weak prospects of global economic recovery and exports growth. Toshiba dropped more than 5% after the company is expected to increase its stake in the Westinghouse Electric by 20%.
- Marcus Jacob
- 06 Sep, 2011
- New York City
The Australian benchmark declined 1.6% and traded near 2-year low. The market indexes in Asia dropped for the second day on the euro-zone debt worries and uneven economic recovery in the U.S. Gold gained 2%.
- Bikram Pandey
- 05 Sep, 2011
- New York City
Market indexes in Europe fell sharply and the German benchmark index declined to a two-year low after German Chancellor Angela Merkel controlled party suffered a defeat in a regional election. Banks led the decline on the worries after the U.S. is preparing to sue 17 banks.
- Nigel Thomas
- 05 Sep, 2011
- New York City
Asian markets slid following the weak U.S. employment report. The market index in Korea led the region with a loss of 4% and the index in Hong Kong fell 3%. The indexes in Shanghai, Australia and Taiwan dropped more than 2% and in India declined 0.6%.
- Bikram Pandey
- 02 Sep, 2011
- New York City
The U.S. indexes declined more than 2.6% after payroll report. August unemployment rate was unchanged at 9.1% and most sectors trimmed jobs in the month. Oil declined more than 2% and gold gained 3%. Nearly after four years, the U.S. set to sue banks for misleading investors in mortgage securities.
- Mukesh Buch
- 02 Sep, 2011
- New York City
Campbell Soup fourth quarter net earnings fell to $100 million. Esterline third quarter net fell to $37.7 million. H&R Block first quarter net loss widened to $175.1 mn. Peabody slashed earnings outlook for third quarter and fiscal year 2011. Teavana Holdings announces agreement for intl. expansion.
- Arthi Gupta
- 02 Sep, 2011
- New York City
The UK indexes extended losses after construction activity slid to an eight-month low in August and orders declined in the second quarter. Smiths Interconnect acquired Power Holdings for $235 million. LSE confirmed takeover talks with LCH.Clearnet.
- Arthi Gupta
- 02 Sep, 2011
- New York City
U.S. indexes fell after non-farm payroll level stagnated in August. The OMB estimated U.S. deficit to fall 20% to $1.316 trillion. Domestic automakers reported strong growth in U.S. auto sales in August. NextEra agreed to sell natural gas-fired power assets for $1 billion.
- Nigel Thomas
- 02 Sep, 2011
- New York City
The Nikkei index declined 1.2% on Friday and advanced 1.7% and gained for the second week. Capital spending in the quarter to June declined 7.8% from a year ago. Automakers declined after Toyota and Honda reported lower sales in the U.S.
- Marcus Jacob
- 02 Sep, 2011
- New York City
The Australian benchmark index dropped 1.5% on Friday and gained 1% in the week. SABMiller turn up heat on Foster
- Arthi Gupta
- 02 Sep, 2011
- New York City
Euro area zone producer prices increased but Czech retail sales fell in July. Spanish unemployment and export price inflation rose in August. Hungary trade surplus narrowed in June.
- Arthi Gupta
- 02 Sep, 2011
- New York City
The European market indexes declined more than 2%. Talks between Greece and international lenders suspended after disagreement over budget cuts. Shell agreed to sell stake in gas transport system to Infragas Norge AS for $730 million. Peugeot plans to invest
- Bikram Pandey
- 01 Sep, 2011
- New York City
The U.S. indexes dropped more than 1% ahead of the employment report tomorrow. The yield on the Treasuries declined. Goldman Sachs declined 3% after it agreed to pay $53 million in penalties related mortgage loans servicing and foreclosure processing.
- Mukesh Buch
- 01 Sep, 2011
- New York City
Ciena third quarter net loss narrowed to $31.4 million. C&J Energy second quarter net income surged to $33.2 million. SAIC second quarter net income fell to $178 million. Toronto-Dominion Bank third quarter net income increased to $1.45 billion. UTi second quarter net income rose to $22.9 million.