- Arthi Gupta
- 13 Sep, 2011
- New York City
U.S. import prices fell but export prices rose in August. The Bank of America planned to cut 30,000 jobs and $5 billion in costs annually till 2014. The IEA lowered 2011 and 2012 oil demand growth outlook. Best Buy said quarterly net dropped 30%.
- Nigel Thomas
- 13 Sep, 2011
- New York City
Stocks in Japan rebounded after a steep selloff in the last five days. The benchmark index is still down 16% for the year and hovered above the low last seen in March. The euro dropped to a 10-year low against the yen. Suzuki Motor and Volkswagen alliance unravels.
- Arthi Gupta
- 13 Sep, 2011
- New York City
The jobless rate in the OECD area remained steady in July. Swedish unemployment rate dropped in August. Inflation in France, Hungary, and Sweden rose but Spanish inflation slowed in August.
- Marcus Jacob
- 13 Sep, 2011
- New York City
The benchmark index in Australia rebounded nearly 0.9% a day after it plunged more than 3.5%. The latest survey from a private bank showed manufacturing is conditions that are similar to a recession.
- Arthi Gupta
- 13 Sep, 2011
- New York City
The European indexes extended losses as French banks base difficulty in rolling over loans in the U.S. Italy held talks with Chinese officials for possible bank stake sale. The Italian Treasury sold
- Bikram Pandey
- 12 Sep, 2011
- New York City
The U.S. indexes opened lower on the new worries of the euro zone debt and tight linkages between banks across the Atlantic. French banks plunged on the Greek default worries and European markets extended losses of more than 2% for the second day. Oil rebounded 1% and gold dropped 2%.
- Mukesh Buch
- 12 Sep, 2011
- New York City
Brady fourth quarter net income soared 37% to $29.6 million. Broadcom agreed to acquire NetLogic for $3.7 billion in cash and Colfax agreed to buy Charter International Plc. for $2.4 billion. McGraw-Hill split up into two public companies. W.W. Grainger August sales grew 10%.
- Arthi Gupta
- 12 Sep, 2011
- New York City
The UK indexes declined on global economic woes. The Independent Commission on Banking proposed reforms to create a more stable and competitive UK banking system. Colfax offered to acquire Ireland-based Charter International for
- Arthi Gupta
- 12 Sep, 2011
- New York City
U.S. indexes traded lower on euro area debt concerns. Broadcom agreed to acquire NetLogic for $3.7 billion. Colfax offered $2.4 billion for Charter International. OPEC lowered oil demand growth for 2011 on weak global economic outlook.
- Marcus Jacob
- 12 Sep, 2011
- New York City
The Australian benchmark index declined 3.7% on the global worries. The market overlooked sharp increase in China
- Arthi Gupta
- 12 Sep, 2011
- New York City
The OECD Index of leading indicators fell, Greek import price index rose and Italy
- Arthi Gupta
- 12 Sep, 2011
- New York City
The European indexes plunged after reports on the rising worries of the capital adequacy at French banks. Italy sold
- Bikram Pandey
- 09 Sep, 2011
- New York City
World markets dropped sharply and the euro dropped to a record low against the yen and fell to a 6-month low against the dollar. U.S. and European indexes declined 3% and 2-year bond yields on Greek debt soared to 60%.
- Arjun Dave
- 09 Sep, 2011
- New York City
The U.S. and European indexes dropped more than 3%. President Obama proposed $447 billion jobs stimulus package that was quickly opposed by the Republican lawmakers. German bonds yields dropped to record low since 1999.
- Mukesh Buch
- 09 Sep, 2011
- New York City
ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.