- Bikram Pandey
- 28 Oct, 2011
- New York City
U.S. stocks declined and the S&P 500 index declined after a rally on Thursday. Investors recalibrated their enthusiasm about Greek bond restructuring and European bank recapitalization plan. Yields on Italian bonds surged near record.
- Devan Biswas
- 28 Oct, 2011
- New York City
Cablevision Systems declined after it lost more than estimated video service subscribers. Cigna Corp turned lower and the company lifted annual earnings outlook. Whirlpool Co plunged after it reported weaker sales and plans to cut 5,000 jobs. China based search engine operator Baidu Inc jumped.
- Nichole Harper
- 28 Oct, 2011
- New York City
Stocks in New York eased after a sharp rally on Thursday. Consumer spending accelerated and rose 0.6% in September and consumer confidence index was revised higher in October. Whirlpool Corp plans to cut 5,000 jobs and Chevron said third quarter net more than doubled. Cigna lifted annual outlook.
- Devan Biswas
- 28 Oct, 2011
- New York City
European markets traded lower a day after leaders agreed to finalize the terms of Greek bonds restructuring. Bond market sceptic drove the yield for Spanish and Italian bonds higher. Italy completed the sale of
- Nigel Thomas
- 28 Oct, 2011
- New York City
The benchmark Nikkei index in Tokyo gained 1.4% and for the week added 4.2%. Softbank earnings more than doubled on iPhone sales. Sharp, Ibiden, Omron and Terumo lowered earnings outlook for the year and cited stronger yen and weak demand in Europe. Thai floods prompt more production worries.
- Marcus Jacob
- 28 Oct, 2011
- New York City
Australian stocks extended gains for the second day and the Australian dollar declined a fraction. Commodities closed mixed in Asian trading. Qantas Airways strike has cost the company A$68 million so far and A$15 million a week. Nearly 10,000 travelers are affected and seven planes are grounded.
- Bikram Pandey
- 27 Oct, 2011
- New York City
Stocks, commodities and euro soared after European leaders agreed to restructure Greek bonds and banks were asked to raise capital and meet higher reserve requirements. The euro gained, oil soared 4%, gold added 1% and copper surged 7%. U.S. bond yields rose and European yields traded near highs.
- Devan Biswas
- 27 Oct, 2011
- New York City
Akamai Technologies surged 15% after quarterly revenues and earnings rose more than expected. Visa Inc reported 14% higher net as payment volume processed increased. ExxonMobil earnings surged after crude oil prices rose 18% from a year ago. PF Chang
- Nichole Harper
- 27 Oct, 2011
- New York City
U.S. stocks soared after European leaders agreed after a marathon ten hours of negotiations to restructure Greek debt. U.S. economy in the third quarter expanded at 2.5%, faster than the 1.3% in the second quarter. ExxonMobil third quarter revenues increased 32% and net soared 41% to $10.3 billon.
- Devan Biswas
- 27 Oct, 2011
- New York City
European markets surged after the European Union leaders agreed on a plan to restructure Greek debt, ask banks to recapitalize and increase the size of the rescue fund with the help of outside investors. Banks soared in Frankfurt, Milan and Paris.
- Nigel Thomas
- 27 Oct, 2011
- New York City
The benchmark index in Japan gained 2% on the European leaders
- Marcus Jacob
- 27 Oct, 2011
- New York City
Australian stocks surged in a truncated trading session after the exchange struggled with technology. Woolworths reported first quarter sales increased 4.9% and cited continued weak environment. National Australia Bank reported higher net on lower bad debt charges.
- 123jump.com Staff
- 27 Oct, 2011
- New York City
The financial services company reported quarterly net revenues grew 4.6% to $1.79 billion. Net income in the quarter surged 149% to $649 million, driven by strong card sales volume. Earnings per share rose to $1.18 compared to 47 cents per share last year.
- 123jump.com Staff
- 27 Oct, 2011
- New York City
The logistics services company said revenue rose 11% to $10.52 billion in the quarter. Net quarterly income climbed 22% to $464 million. Earnings per share grew to $1.46 compared to $1.20 per share a year ago quarter. The company estimates fiscal year 2012 earnings of $6.25 to $6.75 per share.
- Bikram Pandey
- 26 Oct, 2011
- New York City
U.S. indexes gained more than 1% after better than expected durable goods orders and new home sales data. European leaders are still divided in how to restructure Greek debt and how to leverage the rescue fund. Italy struggles to make promises to cut its large deficit. Oil fell and metals gained.