- Mukesh Buch
- 27 May, 2011
- New York City
Blue Coat Systems fourth quarter net income declined to $9.0 million. Marvell Technology first quarter net income plunged to $147 million. Royal Bank of Canada second quarter net income surged 13% to $1.50 billion. Tiffany first quarter net income soared 26% to $81.1 million.
- Arthi Gupta
- 27 May, 2011
- New York City
U.S. indexes edged higher after personal income and spending rose 0.4% in April. The European market indexes traded higher as the sentiment in the euro-zone declined. Royal Bank of Canada quarterly revenues and net improved.
- Arthi Gupta
- 27 May, 2011
- New York City
European indexes edged higher as commodities prices rose and an upgrade of the European banking sector. Euro-zone economic sentiment weakened in May and M3 money supply growth slowed in April. Boston-based Thomas H. Lee Partners acquired Sword Insurance.
- Devan Biswas
- 27 May, 2011
- New York City
Mumbai stocks closed higher tracking gains in Asian markets and on the optimism on earnings. The rupee edged lower 10 paisa. MphasiS declined after it reported weaker than expected earnings.
- Arthi Gupta
- 27 May, 2011
- New York City
Euro-zone economic sentiment deteriorates in May and M3 money supply growth slowed in April. Spain retail sales declined and Denmark jobless rate fell in April. Swedish GDP expanded slowly in the first quarter. Greek PPI eased in April.
- Nigel Thomas
- 27 May, 2011
- New York City
Stocks in Tokyo closed lower and failed to build on the recent rise in the week. Cautious investors stayed on the sidelines as trading volume dropped to the lows last seen on April 25. Sony reported third annual loss in a row.
- Marcus Jacob
- 27 May, 2011
- New York City
Australian stocks extended gains for the second day as markets in Europe and New York advance. Asian markets closed nearly flat. Cochlear declined after it reported foreign exchange losses depressed earnings by $16.5 million.
- Bikram Pandey
- 26 May, 2011
- New York City
U.S. stocks closed higher and regained losses of the day. The second day advance after a three-day sell-off was bolstered by a weaker euro and higher commodities prices. Greece was again in focus in Europe after the IMF demanded collateral for additional sovereign debt.
- Mukesh Buch
- 26 May, 2011
- New York City
Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.
- Bikram Pandey
- 26 May, 2011
- New York City
U.S. stocks fell after the weekly unemployment claims increased and first quarter GDP estimate was left unchanged at 1.8%. Market sentiment weakened after the GDP data was not revised higher. Tiffany gained on better than expected earnings. Big Lots estimated lower than expected quarterly net.
- Arjun Dave
- 26 May, 2011
- New York City
European markets traded flat as commodities increased and crude oil hovered near $100 price. Talks of Greek default dominated trading sentiment. European automakers declined. Austria based Reiffeisen Bank reported a slight increase in quarterly earnings.
- Devan Biswas
- 26 May, 2011
- New York City
Stocks in Mumbai trading closed higher after struggling for the last five days. Tata Steel swung to profit on higher sales and estimated higher global steel prices in the current year. Coal India gained after it reported higher than expected annual net. Dish TV India cut its net loss by 40%.
- Nigel Thomas
- 26 May, 2011
- New York City
Stocks in Tokyo advanced tracking the gains in the U.S. markets in overnight trading. Canon Inc soared after it proposed to buy back 1.2% of its shares. Ricoh plans to eliminate 10,000 staff in the next three years.
- Marcus Jacob
- 26 May, 2011
- New York City
Australian stocks rebounded after struggling for three days in a row as sentiment improved. In regional trading, Asian markets advanced after U.S. indexes and commodities prices regained their bearings. GrainCorp first half net soared 66% and guided higher annual net.
- Bikram Pandey
- 25 May, 2011
- New York City
U.S. stocks gained after falling for three days in a row as commodities and crude oil advanced. U.S. home prices decline. Spirit Airlines Inc cuts its public offering terms and size. In Europe, Greece