- Arthi Gupta
- 19 Sep, 2011
- New York City
The European indexes traded lower after euro area finance ministers postponed a decision to release next tranche of bailout funds for Greece. German Chancellor Angela Merkel suffered another regional election defeat in Berlin. Euro area construction output rose in July.
- Arthi Gupta
- 19 Sep, 2011
- New York City
Euro area construction output rose, Greek industrial orders and turnover soared, but Spanish industrial orders slumped in July. Finnish producer price inflation eased in August. Spanish government debt rose in the second quarter.
- 123jump.com Staff
- 17 Sep, 2011
- New York City
The specialty grocery retailer quarterly net sales increased 13.6% to $259.5 million on comparable store sales rise of 4.6%. Net income in the quarter fell 7% to $10.5 million. Earnings per share dropped to 22 cents compared to 24 cents per share in the prior-year period.
- Mukesh Buch
- 16 Sep, 2011
- New York City
AAR first quarter net income rose to $16.6 million. Cooper Industries updated outlook for the third quarter sales expected to increase 9% to 12%. Research In Motion second quarter net income declined to $329 million.
- Bikram Pandey
- 16 Sep, 2011
- New York City
U.S. and European index closed higher after European finance ministers decided not to offer any new stimulus measures. The S&P 500 index increased 5.4% and the Nasdaq index added 6.3% in the week. Both indexes gained for the fifth day in a row.
- Arthi Gupta
- 16 Sep, 2011
- New York City
The UK indexes rose ahead of a meeting of European finance ministers in Poland. The UK households
- Nigel Thomas
- 16 Sep, 2011
- New York City
The Nikkei index in Tokyo soared 2.3% and markets in Asia gained more than 2% after four central banks coordinated to provide more short term dollar liquidity to European banks. Tokyo Electric Power declined 6%. Hoosiers Corp jumped its daily limit of 20.3% on earnings revision.
- Arthi Gupta
- 16 Sep, 2011
- New York City
U.S. indexes futures struggled and tech stocks were lower after Research in Motion Limited net plunged 59%. GE expanded presence in Russian healthcare and energy markets. General Dynamics won $1.8 billion contract for construction of two ships in the Zumwalt-class program.
- Marcus Jacob
- 16 Sep, 2011
- New York City
The benchmark index in Australia jumped 1.9% and closed up 1.1% for the week. The coordinated move by four central banks lifted banks and resource stocks in Australia and markets in Asia. Property stocks were among the leading gainers.
- Arthi Gupta
- 16 Sep, 2011
- New York City
Euro area trade surplus increased but current account deficit widened in July. Europe
- Arthi Gupta
- 16 Sep, 2011
- New York City
The European indexes traded higher. The euro area trade surplus increased to
- Bikram Pandey
- 15 Sep, 2011
- New York City
U.S. extended gains for the fourth day in a row after four central banks offered dollar liquidity to European banks. Banks, energy and industrial companies led the gainers in New York and in Europe. The euro advanced. The euro zone unemployment rate was stable but Greek rate soared to 16.3%.
- Mukesh Buch
- 15 Sep, 2011
- New York City
Clarcor third quarter income increased to $32.1 million. Fundtech received superior merger offer from GTCR. Netflix plunged after it trimmed its subscriber estimate by 1 million. Pier 1 second quarter net income rose 4.9% to $16.6 million.
- Nigel Thomas
- 15 Sep, 2011
- New York City
Stocks in Japan rebounded on the euro zone optimism and tracking higher Asian markets. Exporters, ship liners and steelmakers led the advance. Banks also closed higher. The euro edged lower from the record low against the yen.
- Arthi Gupta
- 15 Sep, 2011
- New York City
The UK indexes soared after France and Germany reaffirmed Greece