- Marcus Jacob
- 29 Aug, 2011
- New York City
The Australian benchmark index gained and commodities linked stocks and bank led the advance. QR National swung to a profit but fell short of its outlook. Centro Properties warned that the company has no alternative but to merge with Centro Retail.
- Arthi Gupta
- 29 Aug, 2011
- New York City
European indexes edged higher. Spain reached an accord on public deficit limit. Home prices in the UK declined in August. Nordea planned to slash 2,000 jobs by 2012.
- 123jump.com Staff
- 28 Aug, 2011
- New York City
The jewelry retailer quarterly net sales soared 30% to $872.7 million on comparable store sales rise of 28%. Net earnings in the quarter surged 33% to $90 million. Earnings per share increased to 69 cents compared to 53 cents per share last year.
- Bikram Pandey
- 26 Aug, 2011
- New York City
U.S. indexes traded higher and gold and silver gained. Crude oil declined after Hurricane Irene approached East Coast of the U.S. Financial markets and government offices shut down early in the preparation of storm. Fed Chairman Bernanke offered no new measures to stimulate the economy.
- Mukesh Buch
- 26 Aug, 2011
- New York City
Aruba fourth quarter net income rose to $68.2 million. Micros fourth quarter net income soared 22.6% to $41.5 million. Royal Bank of Canada reported third quarter net loss of C$156 million. Tiffany second quarter net earnings increased 33% to $90.04 million.
- Arthi Gupta
- 26 Aug, 2011
- New York City
The UK indexes edged lower after economic growth slowed to 0.2% in the second quarter and service output increased in June. Home prices in England and Wales declined in July. Daimler and Rolls-Royce received final approval for Tognum acquisition.
- Arthi Gupta
- 26 Aug, 2011
- New York City
U.S. indexes traded sideways after economic growth estimate was lowered to 1% and consumer sentiment dropped to the level last seen in November 2008. BHP Billiton completed acquisition of Petrohawk Energy. Tiffany quarterly net soared 33% on revenues rise of 30%.
- Nigel Thomas
- 26 Aug, 2011
- New York City
Stocks in Japan wavered as Prime Minister Naoto Kan resigned and paved the way for the sixth prime minister in five years. The yen flirted near recent highs and banks and exporters traded volatile.
- Arthi Gupta
- 26 Aug, 2011
- New York City
Euro-zone money supply improved, French jobless rate rose, German import prices increased and Swedish surplus climbed in July. Swiss economic indicator fell in August. Spain
- Arthi Gupta
- 26 Aug, 2011
- New York City
European indexes declined for the second day in a row on the growing sentiment that Germany and France may lose their highest debt rating. Italy sold
- Marcus Jacob
- 26 Aug, 2011
- New York City
Stocks in Australia fell and the benchmark index declined 2.4% in the week. Lend Lease Group fiscal year net soared 43% on 15% lower revenues. The exchange operator ASX Ltd replaced its chief executive. Fairfax Media swung to an annual loss and will list its New Zealand based auction site Trade Me.
- Bikram Pandey
- 25 Aug, 2011
- New York City
U.S. indexes dropped 1.6% after weekly jobless claims rose and markets in Europe closed lower. Three rating agencies reaffirmed the AAA status of German debt and France, Spain and Italy extended ban on short selling banks. BofA soared more than 12% after Berkshire Hathaway agreed to $5 billion.
- Arthi Gupta
- 25 Aug, 2011
- New York City
Berkshire Hathaway Inc. announced to invest $5 billion in Bank of America. The conglomerate will buy 50,000 preferred shares at 6% dividend with a buyback clause at 5% premium. With the deal Buffett will become one of the largest shareholders of Bank of America.
- Mukesh Buch
- 25 Aug, 2011
- New York City
Applied Materials third quarter net income soared to $476 million. Big Lots second quarter net income rose to $35.7 million. Guess second quarter net earnings fell 9% to $60.7 million. TiVo second quarter net loss widened to $19.5 million.
- Arthi Gupta
- 25 Aug, 2011
- New York City
The UK indexes declined after retail sales fell in August. The UK and Switzerland agreement on taxes increase the reach of UK government. U.S.-based SPX agreed to acquire CLYDEUNION Pumps for