- Bikram Pandey
- 26 May, 2011
- New York City
U.S. stocks closed higher and regained losses of the day. The second day advance after a three-day sell-off was bolstered by a weaker euro and higher commodities prices. Greece was again in focus in Europe after the IMF demanded collateral for additional sovereign debt.
- Mukesh Buch
- 26 May, 2011
- New York City
Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.
- Bikram Pandey
- 26 May, 2011
- New York City
U.S. stocks fell after the weekly unemployment claims increased and first quarter GDP estimate was left unchanged at 1.8%. Market sentiment weakened after the GDP data was not revised higher. Tiffany gained on better than expected earnings. Big Lots estimated lower than expected quarterly net.
- Arjun Dave
- 26 May, 2011
- New York City
European markets traded flat as commodities increased and crude oil hovered near $100 price. Talks of Greek default dominated trading sentiment. European automakers declined. Austria based Reiffeisen Bank reported a slight increase in quarterly earnings.
- Devan Biswas
- 26 May, 2011
- New York City
Stocks in Mumbai trading closed higher after struggling for the last five days. Tata Steel swung to profit on higher sales and estimated higher global steel prices in the current year. Coal India gained after it reported higher than expected annual net. Dish TV India cut its net loss by 40%.
- Nigel Thomas
- 26 May, 2011
- New York City
Stocks in Tokyo advanced tracking the gains in the U.S. markets in overnight trading. Canon Inc soared after it proposed to buy back 1.2% of its shares. Ricoh plans to eliminate 10,000 staff in the next three years.
- Marcus Jacob
- 26 May, 2011
- New York City
Australian stocks rebounded after struggling for three days in a row as sentiment improved. In regional trading, Asian markets advanced after U.S. indexes and commodities prices regained their bearings. GrainCorp first half net soared 66% and guided higher annual net.
- Bikram Pandey
- 25 May, 2011
- New York City
U.S. stocks gained after falling for three days in a row as commodities and crude oil advanced. U.S. home prices decline. Spirit Airlines Inc cuts its public offering terms and size. In Europe, Greece
- Nigel Thomas
- 25 May, 2011
- New York City
Stocks in London gained as miners and energy linked companies advanced. UK first quarter estimate was unrevised at 0.5%. Mortgage approvals dropped 18% from a year ago and average loan value declined 1.1%. Cupid soared nearly 20% after it made positive comments.
- Mukesh Buch
- 25 May, 2011
- New York City
Bank of Montreal second quarter net income increased 7.5% to $800 million. Costco third quarter net income grew to $324 million. Hormel Foods second quarter net earnings surged 41% to $109.6 million. Toll Brothers second quarter net loss narrowed to $20.8 million.
- Bikram Pandey
- 25 May, 2011
- New York City
U.S. stocked traded sideways as commodities gained and the dollar edged higher. April durable goods orders declined 3.6% and home prices fell 5.5% in the first quarter. Costco Wholesale Corp and Ralph Lauren Corp declined on weaker than expected earnings.
- Arjun Dave
- 25 May, 2011
- New York City
European markets traded lower on the ongoing worries related to Greece Italy and Ireland. Greek opposition party leader rejected privatization plan. Banks and mining companies rebounded on bargain hunting. Automakers in Germany closed higher.
- Devan Biswas
- 25 May, 2011
- New York City
Stocks in Mumbai declined on the global worries and a rise in commodities prices and crude oil price. The rupee hovered near 2-month low. Banks, property developers and Suzlon Energy increased after it won orders for 200 turbines in Africa.
- Nigel Thomas
- 25 May, 2011
- New York City
Stocks in Japan declined for the second day this week following the weakness in Asian markets. Semiconductor equipment makers closed lower after Applied Materials reported weaker than expected earnings. Real estate developers declined on negative comments from a broker.
- Marcus Jacob
- 25 May, 2011
- New York City
The Australian benchmark indexes declined for the second day this week. Mining and banks led the losers. Lend Lease increased after it guided current year return on equity of 15%. Telstra reaffirmed earnings outlook.