- Bikram Pandey
- 24 Mar, 2011
- New York City
U.S. stocks edged higher after mixed economic data and positive earnings in tech sector lifted the sentiment. Portuguese crisis complicates EU bailout plan. Commodities rose and crude oil extended gains. Gold and silver traded at a new intra-day three-decade high.
- Mukesh Buch
- 24 Mar, 2011
- New York City
Best Buy fourth quarter net earnings fell to $651 million. ConAgra third quarter net income fell 6.4% to $214.8 million. Paychex quarterly net income rose 17% to $130.6 million. Red Hat fourth quarter net income grew to $33.5 million. SAIC fourth quarter net income rose to $132 million.
- Arthi Gupta
- 24 Mar, 2011
- New York City
The UK indexes gained and retail sales fell more than estimated in February. Irish economy contracted in the fourth quarter. Afren agreed to buy stake in Tanga Block from Petrodel. Kingfisher and Next soared after improved fiscal year 2010 performance.
- Devan Biswas
- 24 Mar, 2011
- New York City
Stocks in Mumbai traded higher for the third day despite the latest read on inflation showed an increase and crude oil price surged for the fifth week in a row. Investors are factoring higher earnings from banks, infrastructure and software exporters.
- Arthi Gupta
- 24 Mar, 2011
- New York City
U.S. indexes fell after weekly jobless claims fell 5,000 to 382,000 and durable goods orders declined more than estimated in February. Nordstrom purchased HauteLook for $180 million. Walgreen agreed to acquire drugstore.com for about $409 million.
- Arthi Gupta
- 24 Mar, 2011
- New York City
The European indexes soared as investors focused on economic recovery and European leaders meet for a two-day summit. Portuguese prime minister resigned and the prospect for international bailout increased. Spanish banks struggle to recapitalize. Swiss Re increased annual dividend.
- Nigel Thomas
- 24 Mar, 2011
- New York City
Tokyo stocks traded in a narrow range and investors focused on the efforts at restoring power at the troubled nuclear power plant. Tokyo Electric plunged 16% after it halted its second half dividend. Automaker declined on the worries that parts shortage may persist more than a month.
- Arthi Gupta
- 24 Mar, 2011
- New York City
Euro area consumer confidence dipped in March. French manufacturers'' confidence improved in March and German construction orders increased in January. Dutch GDP growth in the fourth quarter was revised higher to 2.5% from the previous estimate of 2.4% and 1.8% increase in the third quarter.
- Marcus Jacob
- 24 Mar, 2011
- New York City
Australian stocks rebounded 1% after investors focused on the metal demand as Japan looks reconstruct. Caltex dropped 5% after it reported sharply lower refining margins from a year ago. Australian government agreed with most of the recommendations of an independent group on new mining tax.
- Bikram Pandey
- 23 Mar, 2011
- New York City
U.S. stocks closed higher as new home sales rate dropped to record low in February. The euro was in focus after Portugal rejected the austerity measure and increased the chances of EU bailout. Japan assured that radiation leak does not pose health threat and Tokyo warned infants to avoid tap water.
- Arthi Gupta
- 23 Mar, 2011
- New York City
The UK indexes edged higher as Portugal debated the austerity measures. UK forecasted inflation to reach as high as 5% and GDP to expand 1.7% in the current year. The UK mortgage approvals climbed in February. Ferrexpo 2010 net surged 99%.
- Mukesh Buch
- 23 Mar, 2011
- New York City
Anadarko agreed to purchase BP America for $575.5 million. Adobe first quarter net surged 84% to $234.6 million. Discover Financial first quarter net income rose to $459 million. General Mills third quarter net earnings rose 18% to $392.1 million. Jabil Circuit second quarter net income soared 86%.
- Arjun Dave
- 23 Mar, 2011
- New York City
New home sales in February dropped to the lowest level in February and median price dropped to $202,100, the lowest since December 2003. New home sales rate decreased 16.9% to 250,000 and sales plunged 57% in the Northeast region.
- Arthi Gupta
- 23 Mar, 2011
- New York City
U.S. indexes fell on concerns in Libya, Europe and Japan. U.S. mortgage and refinancing activity increased. GM sold Ally preferred shares for $1 billion. Louis Dreyfus sold its midstream assets business for $1.93 billion. Colgate-Palmolive agreed to acquire Unilever''s Sanex brand for $940 million.
- Arthi Gupta
- 23 Mar, 2011
- New York City
The European indexes traded higher on optimism of global economic recovery. Portugal''''s Parliament holds a crucial vote today to cut its budget deficit. Technip won engineering contract from Chevron Indonesia. Commerzbank planned to integrate Deutsche Schiffsbank.