- Nigel Thomas
- 10 May, 2011
- New York City
UK stocks climbed tracking the gains in European markets. UK retail sales volume increased 5.2% in April largely on the account of calendar shift and one-time event. Intercontinental Hotels Group guided higher sales at Holiday Inn and Imperial Tobacco Group reported higher sales.
- Arjun Dave
- 10 May, 2011
- New York City
European markets closed higher after Greece successfully completed the sale of 6-month debt and attracted a large chunk of foreign investors to the auction. Market indexes in Germany, Switzerland, Greece, Italy and Spain advanced. The IMF is expected to offer as much as
- Mukesh Buch
- 10 May, 2011
- New York City
Aeroflex third quarter net income rose to $4.13 million. CVR Energy first quarter net income grew to $45.8 million. Fossil first quarter net income soared 55.5% to $55.8 million. Triumph fourth quarter net income rose to $52.3 million. Universal Display first quarter net loss widened to $11.9 mn.
- Bikram Pandey
- 10 May, 2011
- New York City
U.S. stocks traded higher on merger news. Microsoft agreed to acquire Skype for $8.5 billion in cash. American Idol parent CKX agreed to go private. China
- Devan Biswas
- 10 May, 2011
- New York City
Stocks in Mumbai closed lower in a volatile trading. Sustained elevated inflation and rising fuel prices has kept investors on the sidelines. The rupee edged lower to 45.36 as crude oil prices traded above $100 a barrel.
- Nigel Thomas
- 10 May, 2011
- New York City
Japan stocks traded higher as earnings overshadowed growing sovereign default worries in the euro-zone. Toshiba, Hitachi and Sumitomo Heavy lead the gainers are reporting or guiding better than expected earnings. Softbank Corp estimated higher full-year earnings.
- Marcus Jacob
- 10 May, 2011
- New York City
Australian stocks declined for the second day as the federal government cut spending and deferred infrastructure projects to bring the deficit in control. Australia swung to a trade surplus in March. The dollar declined on the worries that China will tighten rates as trade surplus soared in April.
- Mukesh Buch
- 19 May, 2011
- New York City
Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million.
- Bikram Pandey
- 19 May, 2011
- New York City
U.S. stocks fell after mind-Atlantic region showed weak manufacturing activity and existing home sales in April were weaker than expected. LinkedIn public offering soared on the first day of offering. French leaders worked behind the scenes to curtain the fallout from Dominique Strauss-Kahn scandal.
- Bikram Pandey
- 09 May, 2011
- New York City
U.S. stocks retained positive bias as European markets declined and Asian markets struggled. Sovereign debt default worries resurfaced after Greek bond yields soared above 25%. Commodities rebounded. Crude oil gained 5% gold gained 1.4% and silver soared 7%.
- Mukesh Buch
- 09 May, 2011
- New York City
Dynegy reported first quarter net loss of $77 million. Sysco third quarter net earnings rose to $258.5 million. Sempra Energy first quarter net income soared to$258 million. The AES first quarter net income surged to $224 million. Zoran quarterly net loss widened to $30.3 million.
- Marcus Jacob
- 09 May, 2011
- New York City
UK indexes declined tracking the losses in European markets. Commodities rebound lifted resource stocks. Gold gained 1% and silver added 4%. Centrica plunged 11% after it estimated slower earnings growth. HSBC net soared 50% and Barclays set aside
- Bikram Pandey
- 09 May, 2011
- New York City
U.S. stocks struggled to hold early gains as commodities rose and sovereign default worries resurfaced in the euro-zone. Gold gained 1% and silver rebounded more than 4% as precious metals rallied after a sell-off last week. Hertz revised its offer for Dollar Thrifty.
- Nigel Thomas
- 09 May, 2011
- New York City
European markets opened lower and declined sharply in the late afternoon on the worries that Greek bonds may face restructuring as early as next month. Banks and insurance companies declined in the region. Yields on 2-year Greek bonds surged to 25.4% and yields on Irish and Portuguese bonds surged.
- Devan Biswas
- 09 May, 2011
- New York City
Stocks in Mumbai edged slightly higher after companies announced better than expected earnings. Adani Power, Federal Bank and Hindustan Unilever gained after the release of earnings. Piramal Life Sciences gained after its announced the spinoff of its research division.