- Arthi Gupta
- 09 Jun, 2011
- New York City
The European indexes traded higher ahead of the interest rate decision from the European Central Bank. Schneider Electric agreed to acquire China-based Leader & Harvest for $650 million. Stolt-Nielsen completed NOK 1.6 billion 5-year bond issue.
- Nigel Thomas
- 09 Jun, 2011
- New York City
Stocks in Japan gained for the third day in a row. Tepco traded at a new low on a massive trading volume that only highlighted market jitters. Trading in Tepco accounted for nearly one third of all trading on the Tokyo Stock Exchange. Retailers led the gainers.
- Marcus Jacob
- 09 Jun, 2011
- New York City
Australian stocks gained and the dollar declined after the release of the May employment data. The Australian economy created 7,800 net new jobs in May and unemployment hovered at 4.9% for the third month in a row. Qantas won a preliminary approval for its joint venture with American Airlines.
- Arthi Gupta
- 09 Jun, 2011
- New York City
French non-farm payrolls rose and German labor costs increased in the first quarter. The GDP in many nations in the euro-zone expanded in the first quarter. Greek economic growth in the first quarter was revised lower to 0.2%.
- Bikram Pandey
- 08 Jun, 2011
- New York City
The U.S. indexes declined for the sixth day in a row as economic worries gain momentum. The latest regional survey from the Fed indicated slow economic recovery across the nation. Crude oil declined after the OPEC left production quota unchanged. Visa and MasterCard fell.
- Mukesh Buch
- 08 Jun, 2011
- New York City
ABM Industries second quarter net income surged 65%. Ciena second quarter net loss narrowed. Layne swung to quarterly profit. Ryder System acquired England based Hill Hire plc. Verint Systems quarterly net loss narrowed.
- Arthi Gupta
- 08 Jun, 2011
- New York City
The UK indexes fell after reports of rating downgrade. The UK job growth slowed and shop price inflation eased in May. Punch Taverns surged 7.2% after the company said it is on track to meet full-year expectations.
- Arthi Gupta
- 08 Jun, 2011
- New York City
The U.S. indexes traded lower ahead of the release of regional economy survey from the Fed. The World Bank forecasted slowdown in growth in developing economies. U.S. consumer credit rose more than estimated in April and mortgage applications declined. Avaya planned to file for $1 billion IPO.
- Nigel Thomas
- 08 Jun, 2011
- New York City
Stocks in Tokyo edged higher as the yen strengthened. Utilities stocks declined on the worries that regulatory oversight may delay restart of 54 nuclear plants after inspection scheduled in spring. Nintendo dropped 6% on heavy volume.
- Marcus Jacob
- 08 Jun, 2011
- New York City
Australian stocks declined for the third day this week and extended losses in the fourth week in a row. The dollar edged lower and commodities prices generally closed down. David Jones and JB Hi-Fi fell to two year lows. Stockland and Westfiled put properties for sale.
- Arthi Gupta
- 08 Jun, 2011
- New York City
The European indexes edged lower after comments from the U.S. Fed Chairman Ben Bernanke yesterday. AXA Private Equity agreed to acquire $1.7 billion buyout fund assets from Citigroup. Total sold Gassled stake to Silex Gas Norway for NOK 4.64 billion.
- Arthi Gupta
- 08 Jun, 2011
- New York City
Euro area economy expanded 0.8% and Iceland''s economy rebounded 2% in the first quarter. Germany trade surplus fell and French trade deficit widened in April. Greek unemployment surged to 16.2%. Romanian industrial production slackened in April.
- Bikram Pandey
- 07 Jun, 2011
- New York City
U.S. stocks declined for the fifth day in a row and U.S. Treasury completed the sale of $32 billion of 3-year notes. Stocks pared early gains after Fed chairman estimated economic recovery in the second half. In Europe, retail sales increased and Germany indicated higher orders in April.
- Mukesh Buch
- 07 Jun, 2011
- New York City
Booz Allen fourth quarter net more than tripled. G-III Apparel said quarterly net loss of narrowed. Navistar second quarter net income increased to $74 million. Talbots swung to quarterly profit. Temple-Inland rejects unsolicited takeover proposal from International Paper.
- Arthi Gupta
- 07 Jun, 2011
- New York City
The UK indexes climbed after retail sales fell and home price rose in May. Irish property prices declined in April. BP plc may sell some of its 50% stake in TNK-BP joint venture to Russia based Rosneft.