- Mukesh Buch
- 02 Jun, 2011
- New York City
Costco comparable sales rose and net sales climbed 17% to $7.14 billion. Copart third quarter net income rose 13% to $50.1 million. Joy Global second quarter net income increased 34% to $161.97 million. Vera Bradley first quarter net income fell to $11.2 million.
- Arthi Gupta
- 02 Jun, 2011
- New York City
The UK indexes slid after a downgrade credit rating of Greece to junk status. The UK construction sector activity rose more than estimated in May. ASOS and Redhall group plunged 9% on bleak outlook.
- Arthi Gupta
- 02 Jun, 2011
- New York City
U.S. indexes gained after weekly jobless claims fell 6,000 to 422,000 and worker productivity increased more than estimated in the first quarter. Marathon Oil acquired Hilcorp
- Arthi Gupta
- 02 Jun, 2011
- New York City
The European indexes slumped after a ratings agency cut credit rating of Greece to junk status with a negative outlook. Spain sold
- Arthi Gupta
- 02 Jun, 2011
- New York City
The unemployment in Spain declined at a faster pace in May. German exports increased 18.8% in the first quarter. Romanian producer price inflation eased to 9.6% in April. The Hungarian trade surplus improved in March.
- Devan Biswas
- 02 Jun, 2011
- New York City
Stocks in Mumbai trading closed lower following a weakness in Asian markers. The global economic slowdown worries dragged Asian markets between 1.2% and 2.3%. In addition, the latest read on wholesale inflation did not show any significant improvements.
- Nigel Thomas
- 02 Jun, 2011
- New York City
Stocks in Tokyo plunged tracking a market route in Asia. Global economic worries compounded the ongoing political uncertainties in Japan. Prime Minister Naoto Kan survived no-confidence motion only after he offered to resign after nuclear disaster is under control.
- Marcus Jacob
- 02 Jun, 2011
- New York City
Australian benchmark index plunged following a weakness in Asia and tracking losses in overnight trading in New York. Markets in Asia dropped between 1% and 2%. Global economic slowdown worries trumped the ongoing euro-zone debt worries. April retail sales in Australia increased 1.1%.
- Bikram Pandey
- 01 Jun, 2011
- New York City
U.S. indexes declined after a string weak economic data. The S&P 500 index, the Dow and the Nasdaq fell more than 2%. General Motors auto sales in May declined 1.2% and Ford sales dropped 2.4%. Global markets face slowing growth in Asia, uneven recovery in the U.S. and weak economies in Europe.
- Mukesh Buch
- 01 Jun, 2011
- New York City
Dollar General first quarter net income increased 15% to $157 million. EnerSys fourth quarter net earnings grew to $30.1 million. Phillips-Van Heusen first quarter net income was $57.7 million. VimpelCom first quarter net income surged 55% to $589.7 million.
- Arthi Gupta
- 01 Jun, 2011
- New York City
The UK mortgage approvals fell, gross lending improved and M4 money supply declined in April. Manufacturing index fell more than estimated in May. Kennedy Wilson Holdings surged 4.1% after acquisition of Bank of Ireland Real Estate Investment Management.
- Devan Biswas
- 01 Jun, 2011
- New York City
Stocks in Mumbai trading closed higher after the release of auto sales. The sales at Tata Motors, Maruti Suzuki and TVS Motor increased less than expected. April exports increased 34% and imports rose 14% and deficit in the month declined 18%.
- Arthi Gupta
- 01 Jun, 2011
- New York City
U.S. indexes traded lower after private sector added 38,000 jobs in May, less than estimated. U.S. manufacturing expansion decelerated at the fastest pace in 27 years and construction spending highlighted the ongoing drag on the economy. Sealed Air agreed to buy Diversey Holdings for $4.3 billion.
- Nigel Thomas
- 01 Jun, 2011
- New York City
Stocks extended gains for the second day in a row but the gains were muted. Resources linked stocks closed higher on a rise in commodities and metals prices. Automakers led the gainers. Solar energy linked stocks gained on the prospect of higher government commitment.
- Marcus Jacob
- 01 Jun, 2011
- New York City
Devastating weather dragged the economy in the first quarter. The GDP shrank 1.2%, first decline since the fourth quarter of 2008 and exports plunged 8.7%, the largest fall in 37 years. The dollar gained. Fortescue Metals chief executive Andrew Forrest resigned.