- Nigel Thomas
- 26 Jun, 2012
- New York City
Tokyo stocks declined for the third day in a row and lawmakers in the lower house approve the plan to double sales tax to 10% and the measure is expected to pass in the upper house. Nippon Electric Glass Co declined after it lowered its income outlook.
- Arthi Gupta
- 26 Jun, 2012
- New York City
The European indexes fell after 28 Spanish banks were downgraded. Spain raised
- Arthi Gupta
- 26 Jun, 2012
- New York City
German consumer confidence is likely to rise in July and confidence among French households remained unchanged in June. Swiss consumption index fell in May. The Dutch economy expanded in the first quarter and Italian retail sales fell more than estimated in April.
- Marcus Jacob
- 26 Jun, 2012
- New York City
Australian stocks extended losses for the fourth day in a row and resource sector stocks declined. News Corp is considering splitting its entertainment and news operations as the company struggles with multiple investigations.
- Bikram Pandey
- 25 Jun, 2012
- New York City
On Wall Street stocks declined after investors voiced skepticism about the upcoming meeting of European leaders. Crude oil and commodities extended losses. Microsoft agreed to acquire enterprise networking services provider Yammer for $1.2 billion.
- Mukesh Buch
- 25 Jun, 2012
- New York City
Fidelity National Financial agreed to acquire J. Alexander''''s for $72 million. Quest Software received proposal for $25.75a share. Linn Energy agreed to acquire properties valued $1.025 billion. Pioneer Drilling lowered second quarter outlook.
- Mukesh Buch
- 25 Jun, 2012
- New York City
New home sales increased more than expected in May as construction surged in the Northeast. Median home prices edged up and inventory of unsold homes held below five months.
- Arthi Gupta
- 25 Jun, 2012
- New York City
The UK indexes trended lower tracking the European markets and the UK household finance index rose in June. Shire plunged 13% after the FDA approved the abbreviated new drug applications for generic Adderall XR filed by Actavis.
- Arthi Gupta
- 25 Jun, 2012
- New York City
World markets are increasingly questioning the slow pace of leadership response as the debt crisis spreads in Europe. The expectations are low ahead of the next summit of European Union and markets in Asia and Europe traded lower as patience wear thin after two years of failed talks.
- Nigel Thomas
- 25 Jun, 2012
- New York City
Stocks in Tokyo fell for the second day in a row and retailers, resource and shipping sector stocks led the decline. The yen gained a fraction and energy prices fell as investors question the outcome of the latest meeting of the European leaders.
- Marcus Jacob
- 25 Jun, 2012
- New York City
Investors in Australia and in Asia are increasingly turning away their focus from the euro zone as the summit paralysis sets in. Billabong plunges 48% as investors dump share as the company launches its public offer. Fairfax embarks on a restructuring and shakes up its editorial leadership.
- Arthi Gupta
- 25 Jun, 2012
- New York City
German public debt rose in the first quarter and Hungarian retail sales fell in April. Spanish producer price inflation rose in May and Economic confidence in the Czech Republic weakened in June.
- Arthi Gupta
- 25 Jun, 2012
- New York City
European markets were on the edge on the first day of trading as the leaders in the region prepare to gather to finalize the region wide banking integration. Spain requested formally for a bank aid and the prospect of a larger bailout loomed.
- Bikram Pandey
- 22 Jun, 2012
- New York City
U.S. indexes rebounded as leaders of Germany, France, Italy and Spain pledged stimulus package of as much as
- Mukesh Buch
- 22 Jun, 2012
- New York City
Carnival Corp. second quarter net tumbled 93.2% to $14 million and Clarcor second quarter nearly flat to $32.9 million. Darden Restaurants fourth quarter net surged 10% and Ryder System lowered its second quarter and full year outlook.