- Bikram Pandey
- 16 Sep, 2011
- New York City
U.S. and European index closed higher after European finance ministers decided not to offer any new stimulus measures. The S&P 500 index increased 5.4% and the Nasdaq index added 6.3% in the week. Both indexes gained for the fifth day in a row.
- Arthi Gupta
- 16 Sep, 2011
- New York City
The UK indexes rose ahead of a meeting of European finance ministers in Poland. The UK households
- Nigel Thomas
- 16 Sep, 2011
- New York City
The Nikkei index in Tokyo soared 2.3% and markets in Asia gained more than 2% after four central banks coordinated to provide more short term dollar liquidity to European banks. Tokyo Electric Power declined 6%. Hoosiers Corp jumped its daily limit of 20.3% on earnings revision.
- Arthi Gupta
- 16 Sep, 2011
- New York City
U.S. indexes futures struggled and tech stocks were lower after Research in Motion Limited net plunged 59%. GE expanded presence in Russian healthcare and energy markets. General Dynamics won $1.8 billion contract for construction of two ships in the Zumwalt-class program.
- Marcus Jacob
- 16 Sep, 2011
- New York City
The benchmark index in Australia jumped 1.9% and closed up 1.1% for the week. The coordinated move by four central banks lifted banks and resource stocks in Australia and markets in Asia. Property stocks were among the leading gainers.
- Arthi Gupta
- 16 Sep, 2011
- New York City
Euro area trade surplus increased but current account deficit widened in July. Europe
- Arthi Gupta
- 16 Sep, 2011
- New York City
The European indexes traded higher. The euro area trade surplus increased to
- Bikram Pandey
- 15 Sep, 2011
- New York City
U.S. extended gains for the fourth day in a row after four central banks offered dollar liquidity to European banks. Banks, energy and industrial companies led the gainers in New York and in Europe. The euro advanced. The euro zone unemployment rate was stable but Greek rate soared to 16.3%.
- Mukesh Buch
- 15 Sep, 2011
- New York City
Clarcor third quarter income increased to $32.1 million. Fundtech received superior merger offer from GTCR. Netflix plunged after it trimmed its subscriber estimate by 1 million. Pier 1 second quarter net income rose 4.9% to $16.6 million.
- Nigel Thomas
- 15 Sep, 2011
- New York City
Stocks in Japan rebounded on the euro zone optimism and tracking higher Asian markets. Exporters, ship liners and steelmakers led the advance. Banks also closed higher. The euro edged lower from the record low against the yen.
- Arthi Gupta
- 15 Sep, 2011
- New York City
The UK indexes soared after France and Germany reaffirmed Greece
- Arthi Gupta
- 15 Sep, 2011
- New York City
U.S. indexes gained on the euro zone optimism. New unemployment claims in the U.S. rose to 428,000. The consumer price index for the U.S. rose 0.4% and foreclosure filings increased in August. Teradyne agreed to purchase LitePoint for $510 million.
- Arthi Gupta
- 15 Sep, 2011
- New York City
Greek jobless rate rose to 16.3%. Euro area employment increased 0.3% in the second quarter but annual inflation remained stable at 2.5% in August. France estimated 2011 deficit at a record high of
- Marcus Jacob
- 15 Sep, 2011
- New York City
Stocks in Australia rebounded on the optimism surrounding the euro zone. Myer, the department store estimated 10% decline in the current year earnings on flat sales. Rio Tinto announced new investment of $833 million in Pilbara region.
- Arthi Gupta
- 15 Sep, 2011
- New York City
The European indexes traded higher after Sarkozy and Merkel expressed confidence that Greece will remain in the euro-zone. The Italian Parliament approved a watered down