- Bikram Pandey
- 01 Aug, 2011
- New York City
U.S. indexes turned lower after U.S., Europe, China and India reported weak manufacturing reports. Market indexes opened higher on the expectations that the debt framework agreed by the White House and Congressional leaders will clear legislative bodies ahead of Aug 2 deadline.
- Mukesh Buch
- 01 Aug, 2011
- New York City
Acorda reported second quarter net loss narrowed. CNA Financial second quarter net income fell to $126 million. Allstate reported second quarter net loss of $620 million. Humana second quarter net income increased 35.3% to $460.3 million. Loews second quarter net income decreased to $252 million.
- Arthi Gupta
- 01 Aug, 2011
- New York City
The UK indexes rose after the U.S. lawmakers agreed on a broad framework of deficit cut that requires approval of two legislative bodies. Manufacturing activity in the UK declined in July. HSBC first-half net rose 36% and the firm planned to cut 30,000 jobs by the end of 2013.
- Arthi Gupta
- 01 Aug, 2011
- New York City
U.S. indexes gained after the White House and the Congressional leaders agreed to raise the debt ceiling. First Niagara agreed to acquire 195 branches from HSBC subsidiary for $1 billion. European manufacturing activity declined in July.
- Nigel Thomas
- 01 Aug, 2011
- New York City
Stocks in Japan closed higher on the hopes that the U.S. lawmakers will approve the debt framework agreed by the leaders of the Senate, the House and the White House. The yen hovered near its record high. Exporters and electronics makers gained.
- Arthi Gupta
- 01 Aug, 2011
- New York City
European manufacturing activity fell in July. Euro area jobless rate remained flat at 9.9% and Italy jobless rate dipped in June to 8% and Danish retail sales fell.
- Arthi Gupta
- 01 Aug, 2011
- New York City
European indexes traded higher after the U.S. lawmakers agreed on a spending framework that may worsen unemployment in the next two years. EADS agreed to acquire Vizada for $960 million. The euro-zone unemployment was flat in 9.9%. TNT quarterly earnings slumped 85%.
- Marcus Jacob
- 01 Aug, 2011
- New York City
The Australian benchmark index rebounded from the lows of 11-month after the U.S. lawmakers agreed on a framework to cut spending and lift debt ceiling that may not cut unemployment and hut the economy more in the short term.
- 123jump.com Staff
- 01 Aug, 2011
- New York City
The natural and organic foods supermarket said quarterly sales increased 11% to $2.4 billion. Comparable store sales rose 8.4% or 17.2% on a two-year stacked basis. Net quarterly income surged 35% to $88.5 million. Earnings per share grew to 50 cents versus 38 cents per share a year-ago quarter.
- Bikram Pandey
- 29 Jul, 2011
- New York City
U.S. stocks struggled in anticipation that the House will make a progress on the debt vote and the Senate and the White House will find the agreement with the opposition. GDP growth slowed to 1.3% in the second quarter and depth of the 2007-2009 recession was revised deeper.
- Mukesh Buch
- 29 Jul, 2011
- New York City
American Electric Power second quarter net earnings rose to $352 million. Amgen second quarter net income fell to $1.17 billion. Chevron second quarter net income surged to $7.73 billion. Merck second quarter net income rose to $2.02 billion. Starbucks third quarter net earnings rose 34% to $2.8 bn.
- Arthi Gupta
- 29 Jul, 2011
- New York City
The UK indexes dropped after consumer confidence fell to a two-year low in July and home prices increased 0.2% in July. UK mortgage approvals increased in June. British Sky Broadcasting net declined 8%.
- Arthi Gupta
- 29 Jul, 2011
- New York City
U.S. indexes declined after GDP expanded at a slower pace of 1.3% in the second quarter. The debt ceiling impasse continued after the Republican lawmakers delayed a critical vote yesterday. Merck plans to cut up to 13,000 positions by the end of 2015.
- Nigel Thomas
- 29 Jul, 2011
- New York City
Stocks in Japan fell for the third day in a row as the U.S. faces debt default. The irresponsible lawmakers in the House are playing reckless with the U.S. economic recovery and the endangering world economic growth. Nintendo plunged 20% on weak sales and Nisshin Steel lifted annual earnings view.
- Arthi Gupta
- 29 Jul, 2011
- New York City
Euro-zone inflation eased to 2.5% in July. German retail sales rose more than estimated and French consumer spending improved in June. Spain jobless rate declined to 20.9% in the second quarter.