- 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%.
- Mukesh Buch
- 19 Aug, 2011
- New York City
Autodesk second quarter net income increased to $71.2 million. Hewlett-Packard third quarter net income rose 9% to $1.9 billion. Intuit reported fourth quarter net loss in the quarter widened 19% to $57 million. Gap second quarter net income decreased 19% to $189 million.
- Arthi Gupta
- 19 Aug, 2011
- New York City
The UK indexes traded lower on escalating economic worries in the U.S. and the rising tensions in the euro area. The UK budget deficit was less than estimated in July. Autonomy surged 75% on a takeover proposal of
- Nigel Thomas
- 19 Aug, 2011
- New York City
The Nikkei index in Tokyo dropped 2.5% after markets in Asia declined sharply on the renewed economic worries in the U.S. and Europe. The yen traded near its record high as speculators seek safety. The chipmakers extended losses for the second day.
- Arthi Gupta
- 19 Aug, 2011
- New York City
U.S. indexes decline for the third day in a row as global economic worries intensify. AIG reduced U.S. Treasury stake in its subsidiary by repaying $2 billion. Bank of America plans to cut 3,500 jobs this quarter. Norilsk Nickel offered to buy back 15% of its stake held by Rusal for $8.75 billion.
- Marcus Jacob
- 19 Aug, 2011
- New York City
The Australian benchmark index extended losses for the second day and declined 1.7% in the week. The index is down 13.6% in the year as commodities prices weaken as the U.S. and European economies struggle. Billabong profit declined and ANZ earnings net expectations.
- Arthi Gupta
- 19 Aug, 2011
- New York City
German producer price inflation rose in July. The monthly earnings index for Hungary increased 4.7% from a year ago in June. French leading index increased in June. Swiss current account surplus improved in 2010.
- Arthi Gupta
- 19 Aug, 2011
- New York City
European indexes extended losses tracking the Asian and U.S. markets. The indexes in France, Germany and UK dropped between 3% and 5% dragged by a steep sell-off in the banking sector.
- Bikram Pandey
- 18 Aug, 2011
- New York City
The U.S. indexes dropped sharply on the growing economic uncertainties, rising inflation and the euro-zone leaders
- Mukesh Buch
- 18 Aug, 2011
- New York City
Aeroflex reported fourth quarter net loss of $21.6 million. Dollar Tree second quarter net income rose 6% to $95 million. Limited Brands quarter net income rose to $231.2 million. Sears reported second quarter net loss of $146 million. J.M. Smucker first quarter net income rose 8% to $111.5 million.
- Nigel Thomas
- 18 Aug, 2011
- New York City
Stocks in Japan declined more than 1% on the worries that economic slowdown in Europe and the U.S. will crimp earnings for exporters. The yen closed near record high and exports in July declined 3.3% from a year ago but trade surplus rose in the month.
- Arthi Gupta
- 18 Aug, 2011
- New York City
The UK indexes slumped on weak global outlook. The UK retail sales grew less than anticipated, auto production rose, and mortgage lending dipped in July. Irish factory prices fell in July.