- Bikram Pandey
- 17 Mar, 2011
- New York City
U.S. indexes closed higher on a positive sentiment after the latest inflation data and a decline in weekly jobless claims. Mixed economic news in Europe and an improvement in German construction industry data lifted indexes in Europe. Commodities edged higher.
- Mukesh Buch
- 17 Mar, 2011
- New York City
Clarcor first quarter net earnings rose 47% to $21.88 million. FedEx third quarter net income fell 3% to $231 million. Guess fourth quarter net income rose 19% to $103.3 million. Lululemon quarterly net income soared to $54.8 million. Ross Stores net earnings in the quarter soared 13% to $161.8 mn.
- Arthi Gupta
- 17 Mar, 2011
- New York City
The UK indexes rebounded ahead of the Group of Seven finance ministers meeting. UK inflation estimated to rise to the highest level since August 2008. The OECD forecasted subdued economic growth for UK in 2011. Legal & General fiscal year 2010 revenue and net declined.
- Arthi Gupta
- 17 Mar, 2011
- New York City
Russia based VimpelCom Ltd. said its shareholders approved the combination of the company with Wind Telecom S.p.A. The total deal is valued at $6 billion.
- Arthi Gupta
- 17 Mar, 2011
- New York City
U.S. indexes climbed after consumer prices index rose 0.5% in February and weekly jobless claims declined 16,000 to 385,000. Russia based VimpelCom shareholders approved merger with Wind Telecom. FedEx quarterly net declined but beat forecast.
- Arthi Gupta
- 17 Mar, 2011
- New York City
European indexes gained after six straight days of declines as U.S. and European scientists help Japan contain radiation leak. A meeting of G7 finance ministers will discuss the impact of the Japanese earthquake on global economy. HeidelbergCement returned to profit.
- Arthi Gupta
- 17 Mar, 2011
- New York City
Euro area construction output rebounded in January and German building permits rose in 2010. Swiss economic growth outlook revised up for the current year. Unemployment rate in Greece soared to 14.2% at the end of last quarter and the rate jumped to 18% among women.
- Devan Biswas
- 17 Mar, 2011
- New York City
Stocks in Mumbai edged lower after the Reserve Bank of India hiked rates by 0.25% as expected but lifted the current fiscal year inflation estimate to 8% from 7%. Rate sensitive automakers, banks and real estate developers led the decliners.
- Nigel Thomas
- 17 Mar, 2011
- New York City
Stocks in Tokyo in a roller coaster ride dropped as low as 5% after a cautious statement from an American official prompted a sell off in the yen. The yen surged to a post World War II record. Insurance carriers fell and Japanese exporters brace for one month of production loss.
- Marcus Jacob
- 17 Mar, 2011
- New York City
Stocks in Sydney in a choppy trading declined to six-month low as international worries overshadowed the trading sentiment. Wesfarmers placed its coal mining division for sales and the retailer Myer lowered its full year outlook for the second time.
- Bikram Pandey
- 16 Mar, 2011
- New York City
U.S. indexes dropped as much as 2% after crude oil gained and Japan struggled to contain radiation leaks. Market decline accelerated after housing starts annual rate dropped to 27-year low and building permits declined to a record low. Crude oil gained as violence in Bahrain intensified.
- Mukesh Buch
- 16 Mar, 2011
- New York City
Altera Corp and Xilinx Inc gained on the expectations of increased capital spending from China based telecom operator. Rambus Inc gained after it extended its technology license with Toshiba Corp. Home builders declined after new home starts dropped.
- Arthi Gupta
- 16 Mar, 2011
- New York City
The UK indexes slid and commodities declined and jobless count rose to the highest since 1994. The UK jobless claims fell unexpectedly but unemployment rate rose to 8%. Rolls-Royce secured Trent 900 engines contract from Asiana Airlines.
- Arthi Gupta
- 16 Mar, 2011
- New York City
U.S. indexes struggle on a persistent radiation leak concerns in Japan and resurfacing of sovereign debt worries in Europe. U.S. housing starts in February were the lowest in 27 years and building permits dropped to their lowest on record set in April 2009.
- Arthi Gupta
- 16 Mar, 2011
- New York City
Investors refocused on the rising debt yields in peripheral nations and mounting tensions in the Middle East and North Africa. Portugal completed 1 billion euros bonds sale at a higher yield of 4.33%. Wacker Chemie returned to profit.