- Mukesh Buch
- 03 Jun, 2011
- New York City
Blyth reported first quarter net loss of $3.0 million. Cascade first quarter net income surged 190% to $16.4 million. Quiksilver reported second quarter net loss of $83.3 million. SAIC first quarter net income rose to $131 million. VeriFone second quarter net income soared 24.6% to $25.2 million.
- Arthi Gupta
- 03 Jun, 2011
- New York City
The U.S. indexes declined after non-farm payrolls increased in May at the slowest pace in eight months. U.S. warned of possible debt rating downgrade. Walgreens agreed to acquire drugstore.com for $409 million.
- Arthi Gupta
- 03 Jun, 2011
- New York City
The European indexes traded sideways on Greek debt worries. U.S. Treasury proposed to sell Chrysler stake to Fiat for $560 million. Samsonite planned to raise $1.5 billion in a Hong Kong IPO.
- Devan Biswas
- 03 Jun, 2011
- New York City
Stocks in Mumbai trading closed lower on the rising commodities prices and persistent inflation worries. Reliance Industries plans to be debt free at the end of the current fiscal year. Reliance Industries stock fell 1.7% on the natural gas output worries.
- Arthi Gupta
- 03 Jun, 2011
- New York City
Euro-zone and French private sector growth eased in May. German private sector activity weakened to a seven-month low. The export price index in Spain rose at a slower pace in April. Romanian retail sales fell and Czech retail sales improved in April.
- Nigel Thomas
- 03 Jun, 2011
- New York City
Stocks in Japan closed lower as political uncertainties dominated Tokyo trading. A series of U.S. weak economic reports and global economic slowdown also contributed to market jitters. The Bank of Japan purchased the largest amount of stock ETFs on Thursday.
- Marcus Jacob
- 03 Jun, 2011
- New York City
The Australian benchmark index declined for the third day in a row and closed down 2.2% for the week. BHP Billiton workers in Bowen Basin mines approved the right to call strike by the union. Qantas offered voluntary redundancies to as much as 5% of its cabin crew.
- Bikram Pandey
- 02 Jun, 2011
- New York City
U.S. indexes extended losses for the second day as investors shied away from risky assets. Latest economic data only confirmed weak and mixed economic scenario. Macy
- Mukesh Buch
- 02 Jun, 2011
- New York City
Costco comparable sales rose and net sales climbed 17% to $7.14 billion. Copart third quarter net income rose 13% to $50.1 million. Joy Global second quarter net income increased 34% to $161.97 million. Vera Bradley first quarter net income fell to $11.2 million.
- Arthi Gupta
- 02 Jun, 2011
- New York City
The UK indexes slid after a downgrade credit rating of Greece to junk status. The UK construction sector activity rose more than estimated in May. ASOS and Redhall group plunged 9% on bleak outlook.
- Arthi Gupta
- 02 Jun, 2011
- New York City
U.S. indexes gained after weekly jobless claims fell 6,000 to 422,000 and worker productivity increased more than estimated in the first quarter. Marathon Oil acquired Hilcorp
- Arthi Gupta
- 02 Jun, 2011
- New York City
The European indexes slumped after a ratings agency cut credit rating of Greece to junk status with a negative outlook. Spain sold
- Arthi Gupta
- 02 Jun, 2011
- New York City
The unemployment in Spain declined at a faster pace in May. German exports increased 18.8% in the first quarter. Romanian producer price inflation eased to 9.6% in April. The Hungarian trade surplus improved in March.
- Devan Biswas
- 02 Jun, 2011
- New York City
Stocks in Mumbai trading closed lower following a weakness in Asian markers. The global economic slowdown worries dragged Asian markets between 1.2% and 2.3%. In addition, the latest read on wholesale inflation did not show any significant improvements.
- Nigel Thomas
- 02 Jun, 2011
- New York City
Stocks in Tokyo plunged tracking a market route in Asia. Global economic worries compounded the ongoing political uncertainties in Japan. Prime Minister Naoto Kan survived no-confidence motion only after he offered to resign after nuclear disaster is under control.