- Marcus Jacob
- 08 Aug, 2011
- New York City
Australian stocks extended losses by 3% and the benchmark index fell for the fifth day in a row to drop below 4,000 for the first time in two years. The benchmark index is down more than 20% from its peak and in bear territory as resources linked companies and banks declined.
- 123jump.com Staff
- 08 Aug, 2011
- New York City
The specialty coffee and coffeemakers company stated net quarterly sales soared 127% to $717.2 million. Net income in the quarter surged 206% to $56.3 million driven by strong revenue growth. Earnings per diluted share rose to 37 cents versus 13 cents per share a year-ago quarter.
- Arjun Dave
- 06 Aug, 2011
- New York City
Standard & Poor
- Bikram Pandey
- 05 Aug, 2011
- New York City
Stocks gyrated in the day with losses and gains as high as 2% after employment picture improved in July. The unemployment rate declined but stayed elevated raising doubts about the economic health. In earnings, AIG swung to profit and Procter & Gamble net rose 15%. European markets trimmed losses.
- Mukesh Buch
- 05 Aug, 2011
- New York City
AIG reported second quarter net income of $1.84 billion. HollyFrontier second quarter net income soared 191% to $192 million. Imperial Sugar third quarter net loss widened. Procter & Gamble fourth quarter net income increased 15% to $2.51 billion. Viacom third quarter net earnings rose to $574 mn.
- Arthi Gupta
- 06 Aug, 2011
- New York City
The UK indexes slumped 2.7% on Friday, dropped 10% in the week and plunged 14% from the May peak. The UK home prices rose and output price inflation climbed in July. Hunting agreed to acquire TSI Acquisition for $775 million. Prudential first-half net surged but RBS swung to quarterly loss.
- Nigel Thomas
- 05 Aug, 2011
- New York City
Stocks in Japan plunged after struggling for two weeks and closed down 3.7% on Friday, declined 5.4% in the week and dropped 9% in the year. The rising prospects of the U.S. sliding in recession and Europe
- Arthi Gupta
- 05 Aug, 2011
- New York City
U.S. indexes traded higher after better than estimated employment net gains of 117,000 jobs in July and jobless rate fell to 9.1%. AIG swung to quarterly profit and Procter & Gamble net rose 15%. Priceline.com surged 11%.
- Arthi Gupta
- 05 Aug, 2011
- New York City
Industrial production in the euro area was mixed with German output falling unexpectedly in June. French deficit narrowed in June. Swiss inflation eased and Greek inflation slackened in July. Italy''s gross domestic product expanded at 0.3% and Spanish economy eased in the second quarter.
- Arthi Gupta
- 05 Aug, 2011
- New York City
The European markets entered bear phase with the indexes in Italy, Spain and Switzerland hit 2-year lows and near 20% declines from the peaks. UK, France and Germany indexes are down 10% in the year on the growing inability of the euro-zone to tackle debt contagion. Allianz quarterly profit declined.
- Marcus Jacob
- 05 Aug, 2011
- New York City
The Australian benchmark index plunged 4% following a worldwide sell-off that wiped out between 3% and 5% in most markets. The Australian index is down 19% from its peak and markets in Italy, Spain and Switzerland are down more than 20% in three months.
- Bikram Pandey
- 04 Aug, 2011
- New York City
The U.S. indexes plunged 4.8% as the reality of the Republican Party demanded budget cuts sets in. European markets also plunged as much as 5% as the debt contagion spreads to bigger nations, Span and Italy. Crude oil dropped 5% and gold and silver eased. Yields on 10-year Treasury declined to 2.6%.
- Mukesh Buch
- 04 Aug, 2011
- New York City
Apache second quarter net income rose to $1.24 billion. BCE second quarter net income fell 2.5%. General Motors reported its profit for the sixth quarter in a row. Kraft Foods second quarter net earnings rose 4.2% and decided to split the company into two. Sotheby
- Darlington Musarurwa
- 04 Aug, 2011
- New York City
U.S. markets resumed their slide after weaker than expected jobs market report. The Dow, S&P 500 and the Nasdaq are now in correction with at least 8% decline in the last two weeks. Kraft Foods decided to split the company into two and General Motors reported its sixth quarterly profit in a row.
- Devan Biswas
- 04 Aug, 2011
- New York City
European markets jitters dragged indexes lower for the third week in a row as Spain completed the sale of