- Marcus Jacob
- 02 Nov, 2011
- New York City
Australian stocks edged lower after international markets dropped on the rising worries in the euro zone. September construction approval dropped 13.6%. OneSteel fell after it said higher dollar will hurt its first half earnings. Westpac Banking said lending growth slowed and bad debt charges fell.
- 123jump.com Staff
- 02 Nov, 2011
- New York City
The used car dealer said net sales and operating revenues increased 11% to $2.59 billion on comparable store used unit sales fall of 2% in the quarter. Net quarterly income climbed 3.7% to $111.9 million. Earnings per share rose to 49 cents compared with 48 cents per share a year-ago quarter.
- Bikram Pandey
- 01 Nov, 2011
- New York City
U.S. indexes declined 2% after fresh worries on Greek accord resurfaced. Greek government may fall as early as Friday and Greece may put to test recently agreed debt restructuring to a popular vote. MF Global Holdings Ltd confirmed to federal regulators that client funds may have been diverted.
- Mukesh Buch
- 01 Nov, 2011
- New York City
American Tower third quarter net swung to $15.7 million. Baker Hughes third quarter net soared to $706 million. BB&T to acquired BankAtlantic. Pfizer third quarter net surged to $3.7 billion. Thomson Reuters third quarter net increased to $381 million. Allstate net declined 55% to $165 million.
- Devan Biswas
- 01 Nov, 2011
- New York City
U.S. indexes declined on the renewed worries about the euro zone and growing scepticism about the recent debt accord. Manufacturing index showed a decline on weaker export orders. MF Global may face regulatory investigation in bankruptcy.
- Devan Biswas
- 01 Nov, 2011
- New York City
European markets plunged after Greece decided to seek a referendum on EU bailout terms. The surprise decision stunned the European markets with indexes plunging more than 5% in the region. Yields on Italian and Spanish bonds rose.
- Nigel Thomas
- 01 Nov, 2011
- New York City
The Nikkei index in Tokyo declined on fresh worries in the euro zone. The yen traded near its 3-month high after finance ministry intervened in the currency market. Japanese auto makers suffer production delays till December on Thai floods.
- Marcus Jacob
- 01 Nov, 2011
- New York City
Australian indexes declined tracking weak markets in Asia and Reserve Bank of Australia lowered rate by 25 basis points to 4.5%. Home prices declined for the third quarter in a row with Brisbane leading the fall.
- Bikram Pandey
- 31 Oct, 2011
- New York City
U.S. indexes dropped 2% and finished the October with the best monthly gains in more than a decade. MF Global sought bankruptcy protection in a New York court after it lost bests on European sovereign bonds. Financials dropped and commodities turned lower.
- Mukesh Buch
- 31 Oct, 2011
- New York City
AbitibiBowater third quarter net loss narrowed to $44 million. Humana third quarter net increased 13.1% to $444.8 million. Loews third quarter net soared to $162 million. Sohu.com third quarter net income increased 17% to $46.8 million.
- Devan Biswas
- 31 Oct, 2011
- New York City
European indexes declined and yields on Italian and Spanish bonds gained. Belgium completed the sale of
- Nichole Harper
- 31 Oct, 2011
- New York City
U.S. stocks trended lower on the last trading day of October and indexes soared more than 11% in the month. The S&P 500 index gained 11.8% and the Nasdaq index added 11.9% in the month. MF Global filed for bankruptcy protection after the deal with Interactive Brokers fell apart.
- Nigel Thomas
- 31 Oct, 2011
- New York City
Finance ministry in Japan intervened in the currency market and propped up the yen by 4%. The yen had traded near its 25-year high. Stocks declined and investors surmised the intervention will not sustain the weaker yen. Ebara Corp plunged 11% and Mitsui OSK dropped 4% on weak earnings outlooks.
- Marcus Jacob
- 31 Oct, 2011
- New York City
Australian stocks closed lower on the last day of October and but gained 7.1% in the month. October month gain was the best since July 2009. Banks led the decliners and resource stocks closed mixed. Qantas resumed flight operations after an order from labor tribunal.
- Arjun Dave
- 30 Oct, 2011
- New York City
Fair Work Australia ordered Qantas strike suspended early Monday morning and flights are expected to resume in the afternoon. However, structural problems at Qantas are not going to go away as the airline reposition in Asia and battles for a profitable market share in long haul travel to Europe.