- Arthi Gupta
- 29 May, 2012
- New York City
German import price index eased, Spanish retail sales slumped but Swiss consumption indicator rose in April. Swedish sentiment dropped in May and Norwegian jobless rate fell in March.
- Arthi Gupta
- 29 May, 2012
- New York City
The European indexes pared gains after Bank of Spain forecasted weakening economy and retail sales extended slump. Italy sold
- Nigel Thomas
- 28 May, 2012
- New York City
Stocks in Tokyo gained and Renesas Electronics plunged 11% after the company plans to eliminate 12,000 jobs and raise $1.3 billion. In light trading stocks generally drifted up. Nomura was linked to second insider trading case and Sumitomo Heavy confirmed it was suspended from a defense contract.
- Marcus Jacob
- 28 May, 2012
- New York City
Australian stocks gained on the hopes that Greece will stay in the euro zone and the currency union will avoid the latest ripple in the financial contagion. Engineering contractor Hastie Group collapsed with $500 million debt and sought bankruptcy protection.
- Arthi Gupta
- 28 May, 2012
- New York City
The UK indexes closed higher tracking European markets and home prices rose in May. Diageo agreed to acquire the premium Brazilian cacha
- Arthi Gupta
- 28 May, 2012
- New York City
The European indexes edged higher after pro-bailout parties in Greece regained ground in opinion polls ahead of the June 17 election. Swedish retail sales fell in April. Italian confidence slumped in May. Deutsche Wohnen agreed to acquire BauBeCon Group for about
- Bikram Pandey
- 25 May, 2012
- New York City
U.S. stock fluctuated as world markets focused on the ongoing financial and debt crisis in Spain and the euro zone. The troubled Spanish home lender Bankia asked $19 billion in government bailout as the bank battles with high default rates.
- Mukesh Buch
- 25 May, 2012
- New York City
Flowers Foods first quarter net slipped 8% and lifted fiscal outlook. Fred''s said first quarter net increased 10% and rue21 first quarter net soared 20.6%. Semtech first quarter net tumbled by 90% and VeriFone second quarter net plunged 42.5% to $14.5 million.
- Arthi Gupta
- 25 May, 2012
- New York City
U.S. indexes declined on rising worries in Europe. Bank of America and Barclays agreed to sell their remaining stake in Archstone to Lehman for $1.58 billion. Citigroup completed sale of equity interest in Turkey-based Akbank for $1.15 billion.
- Nigel Thomas
- 25 May, 2012
- New York City
Stocks in Tokyo traded sideways and the Nikkei index declined for the eighth week in a row and extended losses to 16% from the peak in late March. Japan Tobacco agreed to acquire Belgium based cigarette maker Gryson NV for $600 million.
- Arthi Gupta
- 25 May, 2012
- New York City
The European indexes extended gains for the second day and the Euro area leading index fell and Spanish producer price inflation eased in April. Delphi offered to acquire the motorized vehicles unit of FCI for
- Marcus Jacob
- 25 May, 2012
- New York City
Australian stocks closed lower and the ASX 200 index erased gains of the year and closed down 0.7% for the year. The index has steadily lost all its gains in the last two months after commodities prices eased on the rising prospects of a global slowdown.
- Bikram Pandey
- 24 May, 2012
- New York City
U.S. stocks extended losses as global economic conditions weaken. The latest economic indicators in German, euro zone and China indicated a slowdown in manufacturing and service sector and falling confidence. UK recession was deeper than previously estimated. Oil rebounded and the dollar gained.
- Mukesh Buch
- 24 May, 2012
- New York City
Costco third quarter net soared 19% to $386 million but Heinz fourth quarter net plunged 22% to $175.3 million. HP second quarter net plunged 31% to $1.6 billion and announced a layoff of 27,000. NetApp offered a cautious outlook. Tiffany first quarter net was lower than expected.
- Arthi Gupta
- 24 May, 2012
- New York City
U.S. weekly jobless claims fell 2,000 to 370,000 and durable goods orders rose 0.2% in April. General Mills agreed to acquire Brazilian food maker Yoki and HP planned to slash 27,000 jobs. Tiffany and NetApp plunged on earnings worries.