- Mukesh Buch
- 05 Dec, 2011
- New York City
Alexander & Baldwin plan to separate in to two independent publicly traded companies. Dollar General said third quarter net soared 34% to $171.2 mn. Entergy Corp. agreed to merge its electricity transmission business with ITC. SuccessFactors agreed to be acquired by SAP America, Inc. for $3.4 bn.
- Arthi Gupta
- 05 Dec, 2011
- New York City
The UK indexes climbed on euro area optimism. The UK service sector growth improved in November and manufacturing industry association lowered its estimate for the growth in the sector to 0.9% from the previous forecast of 2.2%. Aberdeen Asset Management Plc fiscal year 2011 net surged 83%.
- Arthi Gupta
- 05 Dec, 2011
- New York City
The U.S. indexes futures edged higher after positive developments in Europe. The Italian Parliament is expected to approve
- Nigel Thomas
- 05 Dec, 2011
- New York City
Stocks in Japan extended gains of the last week. Investors bid up export sensitive stocks on the hopes that the European leaders will have a plan to ready ahead of the summit later in the week. Fast Retailing Co jumped 4.5% after November same store sales declined 1% from a year ago.
- Arthi Gupta
- 05 Dec, 2011
- New York City
Euro zone retail sales rebounded but Spanish industrial production fell in October. Euro area investor sentiment weakened in December and private sector economy contracted in November. Finland said gross domestic product rose 0.9% in the third quarter.
- Marcus Jacob
- 05 Dec, 2011
- New York City
Australian indexes rallied for the sixth day and lifted gain in the period to 8%. Market sentiment was positive ahead of the RBA meeting tomorrow. Aston Resources confirmed merger talks with Whitehaven Coal. Aquila Resources won approval to build a rail line to transport iron ore in Pilbara region.
- Arthi Gupta
- 05 Dec, 2011
- New York City
European indexes edged higher after the Italian Prime Minister Monti announced a
- Bikram Pandey
- 02 Dec, 2011
- New York City
U.S. stocks closed nearly unchanged in a week when broader indexes gained 7.4%. The unemployment rate declined to 8.6% after retailers and temporary staffing services added staff. World markets are increasingly factoring weakness in the euro zone for the next two quarters.
- Nigel Thomas
- 02 Dec, 2011
- New York City
Stocks in Tokyo trading extended gains in the week and the Nikkei index in the week added 5.9%. Shipping companies struggled for the third week in a row. Japanese government plans fourth additional budget in the current year.
- Mukesh Buch
- 01 Dec, 2011
- New York City
Costco net sales in November rose 11% to $7.5 billion. Guess third quarter net fell 4% to $66.3 million. Gildan Activewear third quarter net increased to $56.8 million. PVH third quarter increased rose to $112.2 million. Talbots said third quarter net loss of $22.04 million.
- Mukesh Buch
- 02 Dec, 2011
- New York City
Big Lots third quarter net slipped to $4.2 million. Lululemon third quarter net increased to $38.8 million. Royal Bank of Canada fourth quarter net increased to $1.6 billion. Bank of Nova Scotia fourth quarter net increased to $1.24 billion.
- Arthi Gupta
- 02 Dec, 2011
- New York City
The UK indexes climbed more than 1% and extended nearly 9% in the last six days. The UK construction activity eased in November. SABMiller plans to acquire all of the shares in Foster''s Group.
- Arthi Gupta
- 02 Dec, 2011
- New York City
The U.S. indexes traded higher after retailers reported better than expected comparable-store sales and jobless rate dropped to 8.6% in November. Rising retail sales and auto sales were yet another confirmation that consumers are ready to spend more.
- Marcus Jacob
- 02 Dec, 2011
- New York City
Australian stocks gained for the fifth day in a row as commodities markets trade higher. Investors ignore the latest downgrade of the four largest banks in Australia. Rio Tinto plans to spend $3.3 billion to modernize its aluminum plant in British Columbia.
- Arthi Gupta
- 02 Dec, 2011
- New York City
Producer price inflation in the euro area eased and retail sales in Switzerland remained unchanged in October. Spanish unemployment rose for the fourth month in a row. Hungarian trade surplus was revised lower in September.