- Nigel Thomas
- 23 Aug, 2011
- New York City
Stocks in Japan and Asia gained after three days of decline. The yen declined from its record high but hovered near the highs. Nintendo soared on the speculation of a new product release.
- Mukesh Buch
- 23 Aug, 2011
- New York City
H. J. Heinz first quarter net income fell 6% to $226.1 million. Medtronic first quarter net income fell 1% to $821 million. Universal Display licensed its technology and agreed to sell its proprietary materials to Samsung. Williams-Sonoma second quarter net earnings rose 27.8% to $39.31 million.
- Arthi Gupta
- 23 Aug, 2011
- New York City
The UK indexes edged higher after manufacturing orders rose in August and mortgage approvals increased in July. Antofagasta first-half profit soared on higher commodity prices and strong growth in copper and gold output.
- Arthi Gupta
- 23 Aug, 2011
- New York City
U.S. indexes gained after Chinese manufacturing activity rose. European markets gained and Asian markets soared. Boeing secured
- Marcus Jacob
- 23 Aug, 2011
- New York City
The Australian benchmark index gained more than 2% and the dollar increased to $1.047. Foster
- Arthi Gupta
- 23 Aug, 2011
- New York City
Euro area private sector activity growth remained moderate in August. German economic sentiment worsened in August but leading economic index increased in June. Norway gross domestic product expanded and Swedish employment rose in the second quarter.
- Arthi Gupta
- 23 Aug, 2011
- New York City
European indexes traded higher and Spain completed the sale of bonds at a lower yield. UBS planned to eliminate 3,500 jobs. The Committee on Foreign Investment in the United States approved Deutsche Boerse and NYSE Euronext merger.
- Bikram Pandey
- 22 Aug, 2011
- New York City
U.S. stocks struggled for the fourth day in a row and investors sought safety in precious metals. The U.S. bond yields hovered near record lows and gold raced to $1,900 an ounce. Oil edged higher as Gaddafi struggled to hold on Tripoli. Markets in Europe gained more than 1% and in Asia closed mixed.
- Nigel Thomas
- 22 Aug, 2011
- New York City
Stocks in Japan continued to drift lower on record high yen. The Nikkei declined to the level last seen on March 15 and the broader Topix index fell to a 2-year low. Automakers, electronics exporters and banks were among the leading decliners.
- Arthi Gupta
- 22 Aug, 2011
- New York City
The UK indexes surged after resource-linked stocks gained and the UK household finance index declined in August. Essar revenues soared 37% driven by higher refining revenues. Micro Focus slumped 4.3% after terminating bid talks.
- Arthi Gupta
- 22 Aug, 2011
- New York City
U.S. indexes rallied ahead of the anticipated speech by Federal Reserve Chairman Ben Bernanke. Bain Capital agreed to acquire Australia-based personal software maker MYOB. Cisco announced its intent to acquire AXIOSS software assets. Australia-based Bow Energy receives $520 million bid.
- Marcus Jacob
- 22 Aug, 2011
- New York City
The Australian benchmark declined after weak commodities prices. BlueScope shuttered two steel plants and eliminated 1,000 jobs and Amcor announced better than expected earnings. Coal seam gas maker Bow Energy soared 60% after it received a buyout offer from Arrow Energy.
- Arthi Gupta
- 22 Aug, 2011
- New York City
German tax revenues rose 9.9% to
- Arthi Gupta
- 22 Aug, 2011
- New York City
European indexes inched higher as NATO led aggression in Libya captured Tripoli. German Chancellor Angela Merkel rejected the idea of euro bonds as a solution to the sovereign debt crisis. Spain unveiled additional austerity measures. Skype agreed to buy GroupMe.
- Bikram Pandey
- 19 Aug, 2011
- New York City
Global markets continued to slide for the third day in a row and tech stocks led the decline. The U.S. and European indexes extended losses with banks facing another round of sovereign bonds losses as the euro-zone debt contagion spreads to Italy and France. Hewlett-Packard plunged 20%.