- Mukesh Buch
- 20 May, 2011
- New York City
Aeropostale first quarter net income declined 64% to $16.4 million. Donaldson third quarter net earnings surged 25% to $62 million. Intuit third quarter net income rose to $688 million. Salesforce.com first quarter net income tumbled to $0.5 mn. Gap first quarter net income declined 23% to $233 mn.
- Arthi Gupta
- 20 May, 2011
- New York City
The UK indexes rose after Irish trade surplus improved in March. MOEX agreed to pay $1.07 billion to BP on Deepwater Horizon oil spill. Mitchells & Butlers first-half revenue declined 9%.
- Arthi Gupta
- 20 May, 2011
- New York City
U.S. indexes traded lower after disappointing earnings from retailers. Merger news dominated trading. Fortune Brands sells Acushnet business to Korean consortium for $1.23 billion. Barnes & Noble received $1 billion buyout. Chrysler Group priced debt offerings to raise $7.5 billion.
- Devan Biswas
- 20 May, 2011
- New York City
Stocks in Mumbai gained on the optimistic outlook and ignored the resurgent inflation data. The rupee hovered near 2-month low. Reserve Bank of India discontinued its second liquidity adjustment facility as liquidity improves.
- Arthi Gupta
- 20 May, 2011
- New York City
The European indexes declined after euro-zone current account deficit narrowed and French leading index rose in March German producer price inflation increased in April. Siemens ordered to pay
- Nigel Thomas
- 20 May, 2011
- New York City
Stocks in Japan struggled despite foreign investors added net to net holdings for the 28th week in a row. Tepco reported 1.25 trillion yen or $15.2 billion of loss after the close. Banks declined on the uncertainty linked to Tepco debt.
- Marcus Jacob
- 20 May, 2011
- New York City
Australian stocks turned lower on weak regional trading. Commodities rebounded but miners declined after Western Australia lifted royalty payment on certain grades of iron ore. Fortescue Metals estimated iron ore reserves of 716 million tons at its project in Western Australia. Banks closed lower.
- Bikram Pandey
- 19 May, 2011
- New York City
U.S. stocks traded sideways as tech stocks displayed positive momentum. Investors questioned the surging valuation of the latest Internet public offering LinkedIn. Economic data suggested halting and slow recovering in manufacturing and home sales. Commodities fell and the dollar eased.
- Nigel Thomas
- 19 May, 2011
- New York City
European markets closed higher after commodities and resource linked stocks advanced. Glencore International closed up 2% on its first day of trading. Richemont declined after it reported lower than expected earnings. Pandora A/S plunged 15% after it increased prices of jewelry.
- Nigel Thomas
- 19 May, 2011
- New York City
Stocks in Japan declined after the economy shrank at 3.7% annual rate in the fourth quarter and fell for the second quarter in a row. The two quarters of decline in a row pushed the economy in recession. Renesas Electronics reported annual net loss in line with expectations.
- Marcus Jacob
- 19 May, 2011
- New York City
Stocks in Australia rebounded after commodities gained and the Australian dollar rebounded. Resource stocks led the recovery. Brambles increased after it reported nine-month sales increased 5% and reaffirmed full year outlook. James Hardie said operating net declined 12% excluding one-time charges.
- Bikram Pandey
- 18 May, 2011
- New York City
U.S. stocks closed higher after losing for three days. LinkedIn finalized its public offering to raise $353 million and set its price of $45 a share. Glencore International Plc, the commodities trader is expected to price its offering 530 pence a share.
- Mukesh Buch
- 18 May, 2011
- New York City
Analog Devices first quarter net earnings increased to $241.8 million. BJ
- Arjun Dave
- 18 May, 2011
- New York City
UK stocks traded higher after commodities gained and real estate sector stocks advanced. Land Securities said pre-tax annual net rose 15%. Fashion apparel retailer FCUK said first quarter sales rose 3.6%.
- Bikram Pandey
- 18 May, 2011
- New York City
U.S. stocks edged lower as weak sentiment affected trading. Commodities advanced and crude oil gained 2%. Target earnings gained 2.7% and Dell soared after earnings advanced. Deere & Co quarterly net rose 65%.