- Arthi Gupta
- 29 Nov, 2012
- New York City
Investors focused on the economic reports and shifted away from the fiscal cliff noise. Third quarter GDP growth was revised higher to 2.7% and weekly unemployment claims declined for the second week in a row last week.
- Mukesh Buch
- 29 Nov, 2012
- New York City
Barnes & Noble third quarter net swung to a loss. Beacon Roofing fourth quarter net dropped 11%. Infoblox first quarter loss widened. Kroger third quarter net climbed 62% and Tiffany quarterly net plunged 30%.
- Arthi Gupta
- 29 Nov, 2012
- New York City
The sentiment across the euro zone improved after falling for eight months in a row. Italy raised
- Arthi Gupta
- 29 Nov, 2012
- New York City
Ahold to increase its existing cost savings program from
- Bikram Pandey
- 28 Nov, 2012
- New York City
U.S. indexes rebounded from early losses of 1% and managed to close up 0.8% after President Obama and Speaker Boehner sounded optimistic on the budget compromise. BP plc was banned from U.S. federal contract temporarily and may be forced to settle $20 billion civil litigation.
- Nigel Thomas
- 28 Nov, 2012
- New York City
Nikkei in Tokyo fell 1.2% and the Topix declined 1.3% after indexes rallied for four days as the yen weakened in the last two weeks. Sakurada plunged 92% after the company filed for bankruptcy proceedings. Kawasaki Kaisen postponed fleet expansion on a global glut.
- Marcus Jacob
- 28 Nov, 2012
- New York City
Stocks in Sydney decreased after commodities prices fell and trading sentiment wavers in Asian markets. Australian dollar traded near 3-month high as commodities held firm after the Greek debt negotiations were resolved for now.
- Mukesh Buch
- 28 Nov, 2012
- New York City
Ann third quarter net climbed 26% and Analog Devices net dropped 2%. Express profit declined 38% to $17.4 million and revised outlook. Jos. A. Bank Clothiers third quarter net dropped 11% and Fresh Market net climbed 19%.
- Arthi Gupta
- 28 Nov, 2012
- New York City
U.S. indexes edged lower after the deadlock on the fiscal cliff continues. Kirby agreed to acquire Penn Maritime for $295 million. Costco November net sales rose 9% to $8.15 billion.
- Arthi Gupta
- 28 Nov, 2012
- New York City
The European Commission approved restructuring plans of four Spanish banks. Italy raised
- Arthi Gupta
- 28 Nov, 2012
- New York City
BP agreed to sell package of central North Sea assets to Taqa for $1.1 billion. Smith & Nephew agreed to acquire Healthpoint Biotherapeutics for $782 million. Swiss Life estimates net profit in double-digit millions and Thomas Cook loss widens for the full year.
- Bikram Pandey
- 27 Nov, 2012
- New York City
Market indexes on Wall Street declined as lawmakers showed little progress in settling difference to avoid the so called fiscal cliff. European ministers and lenders agreed to cur Greek debt and offer cheaper and interest free loans as a part of a bailout.
- Nichole Harper
- 27 Nov, 2012
- New York City
U.S. stocks declined after Greek deal euphoria lifted indexes at the opening. ConAgra agreed to acquire private-label food maker Ralcorp for $6.8 billion. Consumer confidence increased in the month and durable goods orders were flat in October. Home prices rose 0.3% in September.
- Nigel Thomas
- 27 Nov, 2012
- New York City
Nikkei index gained to a new 7-month high as the yen traded near 8-month low after opposition leader called for more fiscal and monetary easing to lift economic growth. Exporters to Europe gained after ministers agreed on a Greek debt and bailout fund release plan.
- Marcus Jacob
- 27 Nov, 2012
- New York City
Australian stocks edged higher after euro zone ministers struck a bargain that included a package of incentives and conditions to release the next tranche of bailout funds for Greece. Former chiefs of Qantas enter in talks with pilots to gain control. CSL lifted its annual net outlook by 20%.