- Arthi Gupta
- 24 Aug, 2012
- New York City
The European indexes fell ahead of meeting of leaders of Germany and Greece. Spanish producer price inflation rose in July and the UK economy contracted 0.5% and business investment fell. Aer Lingus urged shareholders to reject the offer from Ryanair.
- Bikram Pandey
- 23 Aug, 2012
- New York City
Wall Street joined the European markets and lowered the growth expectations and began wavering on the outcome of the latest round of talks in the euro zone after a string of weak economic data. Australian mining companies began to scale back megaprojects expansion plans on weakening commodities.
- Nigel Thomas
- 23 Aug, 2012
- New York City
Stocks in Tokyo recovered from the early loss in indexes of as much as 0.8% on the growing evidence of global economic slowdown after Chinese manufacturing contracted and the U.S. Fed weighed more stimulus. The yen strengthened.
- Marcus Jacob
- 23 Aug, 2012
- New York City
Australian stocks were caught between weak international market sentiments and a growing consensus that the twelve year mining boom may have run out its course. Fortescue reported rising profit and held its earlier guidance for the iron ore industry. Qantas reported its first loss in 17 years.
- Mukesh Buch
- 23 Aug, 2012
- New York City
Big Lots plunged 21% on a profit decline and the deep discount retailer lowered the outlook. Guess tumbled 19% as quarterly net dropped 45%. Hewlett-Packard declined on 7% after it reported the largest quarterly loss. Synopsys third quarter net jumped 45%.
- Arthi Gupta
- 23 Aug, 2012
- New York City
U.S. indexes edged lower after jobless claims rose 4,000 to 372,000. Sony Mobile plans to slash 1,000 jobs and move headquarters from Sweden to Tokyo. Rockwood Holdings agreed to acquire Talison for C$724 million. Hewlett-Packard swung to quarterly loss.
- Arthi Gupta
- 23 Aug, 2012
- New York City
Ahold second quarter net sales climbed 12%. Kazakhmys net plunged but Premier Oil earnings soared in the first-half. Diageo full-year net sales grew 8%.
- Arthi Gupta
- 23 Aug, 2012
- New York City
The European indexes turned lower after a downturn in euro zone economy extended into the seventh month in August. The German economy expanded in the second quarter. The UK mortgage approvals rose more than estimated in July.
- Bikram Pandey
- 22 Aug, 2012
- New York City
U.S. indexes hovered near the recent multi-year highs and investors digested the prospects of another round of Fed stimulus and improving existing home sales report. Many members of the rate setting committee prefer to act soon with additional stimulus unless the economy improves considerably.
- Marcus Jacob
- 22 Aug, 2012
- New York City
Stocks in Tokyo traded lower for the second day and trade gap in July was the twelfth in the last nineteen months as Japan imports natural gas to power electricity generating plants. Exports to Western Europe plunged 28% and slowed to the U.S.
- Mukesh Buch
- 22 Aug, 2012
- New York City
American Eagle gained after the teen retailer offer higher third quarter guidance and Analog Devices profit declined 23%. Chico
- Marcus Jacob
- 22 Aug, 2012
- New York City
Australian stocks closed lower after the mining giant reported earnings that met expectations. BHP earnings in the fiscal year ending in June declined 35% on nearly flat revenues as the fall in base metal prices and iron ore trimmed record profits from a year ago. Woodside Petroleum net declined.
- Arthi Gupta
- 22 Aug, 2012
- New York City
U.S. indexes edged lower after Japan reported larger-than-expected trade deficit. Health Care REIT agreed to acquire Sunrise Senior Living for $1.9 billion. Dell earnings fell 18% in the quarter.
- Arthi Gupta
- 22 Aug, 2012
- New York City
BHP Billiton full year profit slumped 35% on weakness in commodity markets and industry wide cost pressure. Hochschild first-half net revenue fell 29%. Vestas swung to loss in the second quarter.
- Arthi Gupta
- 22 Aug, 2012
- New York City
The European indexes declined and Greek prime minister said he is looking for more time to repay debts but the nation is not seeking more money. Heineken first-half revenue rose 5% and Vestas plans to lay off 1,100 employees by September.