- Mukesh Buch
- 13 May, 2011
- New York City
Agilent Technologies second quarter net income rose to $200 million. CA fourth quarter net income surged to $188 million. Dillard''s second quarter net income grew 5.2% to $76.7 million. Nordstrom first quarter net income rose to $145 million. NVIDIA first quarter net income fell to $135.2 million.
- Arjun Dave
- 13 May, 2011
- New York City
European markets traded higher after the euro-zone economy expanded in the first quarter. Germany led the region with an expansion of 1.5% and France grew at 1%. Italy and Portugal reported weaker than expected growth. Thyssen Krupp, Vallurec and EADS gained after earnings releases.
- Devan Biswas
- 13 May, 2011
- New York City
Stocks in Mumbai closed higher after regional elections favored parties in central government. The Sensex reversed earlier weakness and surged in the late afternoon. Coal India gained after annual net income increased 4% on sales rise of 24%.
- Nigel Thomas
- 13 May, 2011
- New York City
Stocks in Japan plunged as much as 1.7% after government
- Marcus Jacob
- 13 May, 2011
- New York City
Australian stocks rebounded a fraction after commodities prices stabilized. St Barbara offered Catalpa Resources cash and stock and proposed a merger to produce 480,000 ounces of gold in 2012.
- Bikram Pandey
- 12 May, 2011
- New York City
U.S. indexes turned positive after dropping 0.6% as Fed Chairman Bernanke urged lawmakers not to link raising debt ceiling with budget cuts. Mixed set of latest economic data did not provide clear signal to health of the U.S. economy. U.S. Treasury completed the sale of $16 billion of 30-year bonds.
- Mukesh Buch
- 12 May, 2011
- New York City
Arctic Cat fourth quarter net loss was flat to $9.58 million. BCE first quarter net earnings declined 29% to $503 million. Cisco third quarter net income fell 18% to $1.8 billion. Kohl
- Arjun Dave
- 12 May, 2011
- New York City
UK stocks traded lower after commodities accelerated the decline for the second day in a row. Crude oil fell 2.5% and silver plunged 7% in London trading. For the month, oil is down 15% and silver has fallen 32%. Miners closed lower. Amlin reported sales increase of 14%.
- Bikram Pandey
- 12 May, 2011
- New York City
U.S. stocks declined after commodities extended losses for the second day in a row. U.S. weekly jobless claims declined 44,000 and producer price index increased 0.8%. Retail sales in April increased 0.5%. Cisco reported lower third quarter earnings and guided cautious fourth quarter.
- Arjun Dave
- 12 May, 2011
- New York City
European market indexes edge lower as commodities fall and resource linked stock led the decliners. Industrial production in the euro-zone fell 0.2% in March but surged from a year ago, but market focused on the falling commodities prices. Aegon NV and Allianz SE reported lower net incomes.
- Devan Biswas
- 12 May, 2011
- New York City
Stocks in Mumbai dropped sharply tracking losses in international markets despite a sharp fall in oil price. The benchmark index declined 1.4%. Industrial production index in March surged 7.3% but wholesale price index hovered near the recent high. The dip in crude oil price lifted airlines.
- Nigel Thomas
- 12 May, 2011
- New York City
Stocks in Japan dropped sharply led by resources and commodities linked stocks. Hitachi Ltd said fourth quarter net quadrupled on cost cuts and higher sales of construction equipment and chips. Inpex, Mitsui, Mitsubishi and JX Holdings led the decliners.
- Marcus Jacob
- 12 May, 2011
- New York City
Australian stocks dropped 1.8% after crude oil prices plunged more than 5% in New York trading. Resource and energy complex stocks led the decliners. Optus estimated slower earnings and revenues growth in the current fiscal year. Bluescope Steel estimated full year loss.
- Bikram Pandey
- 11 May, 2011
- New York City
U.S. indexes dropped more than 1% after crude oil plunged 5.5%. Higher than expected supplies in the weekly report dragged the oil lower and gasoline plunged 8%. Precious metals closed lower. Earnings lifted European stocks and inflation in China kept investors on the sidelines in Asia.
- Mukesh Buch
- 11 May, 2011
- New York City
Dean Foods first quarter net income fell to $25 million. Enbridge first quarter net income rose 15% to $393 million. Macy