- Mukesh Buch
- 16 May, 2012
- New York City
Deere & Co. second quarter net soared 17% to $1.06 billion. J. C. Penney first quarter net swung to $163 million loss. Staples first quarter net slipped 6% to $187 million and Target first quarter net rose 1.2% to $697 million and raised the outlook.
- Arthi Gupta
- 15 May, 2012
- New York City
U.S. indexes climbed after retail sales rose and consumer prices remained flat in April. Facebook raised the price range of its initial public offering. Coty withdrew $10.7 billion takeover bid for Avon Products.
- Arthi Gupta
- 15 May, 2012
- New York City
The European indexes rebounded after the German economy expanded more than estimated in the first quarter. Rating agency downgraded 26 Italian banks. Greece sold
- Arthi Gupta
- 14 May, 2012
- New York City
U.S. indexes edged lower on the ongoing political worries in Europe as the euro zone finance ministers discuss the Greek fallout and Greece heads for another election as early as June 17th. Concho Resources agreed to acquire oil and natural gas assets of Three Rivers for $1 billion.
- Arthi Gupta
- 14 May, 2012
- New York City
The European indexes slumped as Greece leaders fail to form a new government and new elections are likely in four weeks. Italy raised
- Arthi Gupta
- 11 May, 2012
- New York City
The UK indexes fell after consumer sentiment deteriorated and output price inflation slowed in April. Greece inched closer to forming a coalition government. Petrofac estimates to deliver net profit growth of at least 15% this year.
- Nigel Thomas
- 15 May, 2012
- New York City
Stocks in Japan eased as resources linked companies declined for the second week in a row. Tokyo stocks fell in sympathy with global markets after euro zone political and economic worries overwhelmed domestic earnings in Japan and Asia.
- Arthi Gupta
- 11 May, 2012
- New York City
U.S. indexes edged lower after JP Morgan announced a $2 billion trading loss. The producer price index fell 0.2% in April. The International Energy Agency lifted its global oil demand forecast. Panasonic reported net loss and Sony estimated lower than expected net in the current fiscal year.
- Marcus Jacob
- 15 May, 2012
- New York City
Australian stocks eased on the growing confirmation that the euro zone is sliding into a recession and Greece is likely to face another parliamentary election as early as next month. Resources linked stocks declined and gold and energy stocks led the losers.
- Arthi Gupta
- 11 May, 2012
- New York City
German and Spanish inflation rose but Swedish jobless rate remained unchanged in April. French manufacturing industry estimated investment growth at 6% this year.
- Arthi Gupta
- 11 May, 2012
- New York City
The European indexes edged lower after the European Commission said Spain
- Nigel Thomas
- 14 May, 2012
- New York City
The benchmark index Nikkei closed up but the Topix declined for the fourth day in a row. Index losses were limited after China eased bank reserve requirements for the third time in six months.
- Arthi Gupta
- 10 May, 2012
- New York City
The UK indexes gained. The BoE policymakers retained the size of quantitative easing and interest rate unchanged. The UK production fell but manufacturing output rose in March. Irish inflation eased to 15-month low in April.
- Marcus Jacob
- 14 May, 2012
- New York City
Australian stocks gained as miners edged lower and the dollar fell to a new low in five-months and declined below parity with the greenback. The declined after comments from the central bank official indicating weak long term growths in Australian economy outside the mining sector.
- Arthi Gupta
- 10 May, 2012
- New York City
U.S. indexes rose after weekly jobless claims fell 1,000 to 367,000, trade deficit widened more than estimated in March but import prices fell in April. Coty revised its offer for Avon Products with the help of Berkshire Hathaway financing. Cisco drops after revenues grow less than expected.