- Mukesh Buch
- 16 May, 2011
- New York City
Elbit Systems first quarter net income plunged to $27.9 million. J. C. Penney first quarter net income rose 7% to $64 million. Lowe
- Bikram Pandey
- 16 May, 2011
- New York City
U.S. stocks traded sideways as commodities declined. Monday merger news included the sale of struggling publisher Primedia Inc for $525 million, SanDisk agreement to acquire Pliant Technology and Nasdaq and ICE dropping their bid for NYSE Euronext.
- Arjun Dave
- 16 May, 2011
- New York City
European markets traded lower as finance ministers gather to discuss Portugal bailout conditions. Investors were nervous about the fate of additional financing for Greece. The euro edged higher but commodities declined. Inflation in the euro-zone increased to 2.8% and preliminary trade deficit rose.
- Devan Biswas
- 16 May, 2011
- New York City
Stocks in Mumbai declined on global economic growth worries ahead of European leaders meeting to provide another bailout to Greece. Commodities prices closed lower but India controlled oil companies lifted retail petrol prices.
- Nigel Thomas
- 16 May, 2011
- New York City
Tokyo stock index declined for the third day in a row and dropped to a one-month low. Utilities declined for the second day after Japan passed a rule requiring all utilities to contribute to disaster compensation fund. Banks declined on worries that loans to Tepco may have to be forgiven.
- Marcus Jacob
- 16 May, 2011
- New York City
Australian stocks edged lower tracking the weakness in commodities prices. Macarthur Coal lowered its stake in Codrilla coal deposits in exchange for $75 million. Leighton soared 3% after it reported a loss in nine months but reaffirmed its annual earnings outlook.
- Bikram Pandey
- 13 May, 2011
- New York City
U.S. stocks closed lower after inflation picked up and tech stocks closed lower. Tech stocks closed lower after Yahoo, Nvidia and CA Inc declined. The U.S. dollar extended gains and closed at $1.41 to a euro. Gold falls 1% and silver trades volatile.
- Devan Biswas
- 13 May, 2011
- New York City
UK stocks traded lower tracking early weakness in the U.S. markets. The euro-zone economy expanded at a faster than expected pace in first quarter. Petrofac Ltd gained after new order won in the year rose to $2 billion. Mining companies closed higher. London Stock Exchange annual net increased 68%.
- Bikram Pandey
- 13 May, 2011
- New York City
U.S. stocks traded lower after consumer prices rose more than expected. Tech stocks declined after Yahoo and Nvidia dropped 7%. Dillard
- Mukesh Buch
- 13 May, 2011
- New York City
Agilent Technologies second quarter net income rose to $200 million. CA fourth quarter net income surged to $188 million. Dillard''s second quarter net income grew 5.2% to $76.7 million. Nordstrom first quarter net income rose to $145 million. NVIDIA first quarter net income fell to $135.2 million.
- Arjun Dave
- 13 May, 2011
- New York City
European markets traded higher after the euro-zone economy expanded in the first quarter. Germany led the region with an expansion of 1.5% and France grew at 1%. Italy and Portugal reported weaker than expected growth. Thyssen Krupp, Vallurec and EADS gained after earnings releases.
- Devan Biswas
- 13 May, 2011
- New York City
Stocks in Mumbai closed higher after regional elections favored parties in central government. The Sensex reversed earlier weakness and surged in the late afternoon. Coal India gained after annual net income increased 4% on sales rise of 24%.
- Nigel Thomas
- 13 May, 2011
- New York City
Stocks in Japan plunged as much as 1.7% after government
- Marcus Jacob
- 13 May, 2011
- New York City
Australian stocks rebounded a fraction after commodities prices stabilized. St Barbara offered Catalpa Resources cash and stock and proposed a merger to produce 480,000 ounces of gold in 2012.
- Bikram Pandey
- 12 May, 2011
- New York City
U.S. indexes turned positive after dropping 0.6% as Fed Chairman Bernanke urged lawmakers not to link raising debt ceiling with budget cuts. Mixed set of latest economic data did not provide clear signal to health of the U.S. economy. U.S. Treasury completed the sale of $16 billion of 30-year bonds.